Horace Mann Educators Corporation Common Stock (HMN)

FairStock Score: 50/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for a business I can understand, bought at a sensible price, with a durable competitive advantage and consistent profits. Horace Mann is an insurance holding company operating in property-casualty, life-retirement and supplemental benefits. The business is understandable, but I see no clear evidence of a wide moat from the figures given. The numbers are improving: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $443.5M, net income $41.6M and diluted EPS $1.01, versus fiscal Q2 2025, the quarter ended 2025-06-30, revenue $411.7M, net income $29.4M and diluted EPS $0.71. For FY2025, period ended 2025-12-31, net income was $162.1M and EPS $3.90, up from FY2024's $102.8M and $2.48 and FY2023's $45.0M and $1.09. FairStock's calculations show ROE of 12.38%, P/B of 1.23 and P/E of 10.71 at the $45.83 close on 2026-10-13, with a 2.98% dividend yield. That looks moderately priced, not irresistible. Debt-to-equity is 0.40 and beta is 0.09. However, FairStock's Piotroski F-Score is only 4/9 and its Lynch category is SLOW GROWER, based on 4.0% annual profit growth and 5.4% revenue growth over five years. Insurance risk is real, and the data lacks the combined ratio, reserve development, CET1 and net interest margin, so I cannot fully judge underwriting and balance-sheet quality. I would call this a fair, improving insurer, not a wide-moat bargain.

In plain English: Horace Mann is an insurance company that sells property-casualty, life-retirement and supplemental benefits products. Its profits have grown recently and the stock trades at a modest price compared with those profits and its net worth. Still, long-term growth has been slow and the data does not show a wide safety cushion, so the stock looks more fair than clearly cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer