ADDED
As of February 17, 2026, the registrant had 40,449,550 shares of Common Stock, par value $0.001 per share, outstanding.
Business 1 Introduction 1 Forward-looking Information 1 Overview, History and Available Information 1 Corporate Strategy 2 Human Capital Resources 4 Reporting Segments 5 Investments 16 Cash Flow 18 Regulation 19 Changing Climate Conditions 20 Enterprise Risk Management 22 1A.
Management's Discussion and Analysis of Financial Condition and Results of Operations 41 Introduction 41 Consolidated Financial Highlights 42 Consolidated Results of Operations 43 Outlook for 202 6 45 Application of Critical Accounting Estimates 45 Results of Operations by Segment 50 Investment Results 57 Liquidity and Capital Resources 61 Future Adoption of New Accounting Standards 67 Effects of Inflation and Changes in Interest Rates 67 7A.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 147 9A.
(MNL) from its former parent, Independence Holding Company (IHC).
Our corporate social responsibility (CSR) reporting is available through the CSR section of our website, csr.horacemann.com.
Education Market Opportunity For more than 80 years, Horace Mann has served the education community with a deep understanding of educators unique financial and insurance needs.
Our long-standing presence has enabled us to build a trusted brand, specialized products, and a differentiated distribution model with direct access in schools and districts across the country.
As a result, we have a clear perspective of the education market and confidence in our ability to drive sustained, profitable growth.
educator market represents approximately 14 million households, all of which Horace Mann can reach through our omni-channel distribution model.
REMOVED
As of February 14, 2025, the registrant had 40,871,981 shares of Common Stock, par value $0.001 per share, outstanding.
Business 1 Introduction 1 Forward-looking Information 1 Overview, History and Available Information 1 Corporate Strategy 2 Human Capital Resources 4 Reporting Segments 6 Investments 17 Cash Flow 19 Regulation 20 Changing Climate Conditions 22 Enterprise Risk Management 23 1A.
Management's Discussion and Analysis of Financial Condition and Results of Operations 42 Introduction 42 Consolidated Financial Highlights 43 Consolidated Results of Operations 44 Outlook for 2025 46 Application of Critical Accounting Estimates 46 Results of Operations by Segment 51 Investment Results 58 Liquidity and Capital Resources 61 Future Adoption of New Accounting Standards 66 Effects of Inflation and Changes in Interest Rates 67 7A.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 146 9A.
(Madison National) from its former parent, Independence Holding Company (IHC).
Our environmental, social and governance reporting is available through the corporate social responsibility section of our website, csr.horacemann.com.
Department of Education estimates that there are approximately 7.5 million K-12 school teachers, administrators and support staff nationwide.
Horace Mann serves approximately 1 million of these households.
(The remaining 20% are generally in other public sector occupations such as firefighters.) The niche educator market has similar characteristics and preferred risk profiles, which allows for more precise underwriting processes and more targeted marketing operations.
A major motivator for people choosing careers in education is its intangible rewards: The ability to make a difference in students lives and contribute to the greater good.