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Horace Mann Educators Corporation

HMN Financial Insurance Property & Casualty

Horace Mann Educators Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.7 billion, up 6.66% from fiscal 2024.

Revenue
+0.16%
EPS
+0.73%
Free cash flow
+70.4%
Total debt
−29.5%

Quarter to September 2026, against a year earlier

52.49 2.29 +4.56%
Market cap
$2.2B
P/E
12.1×
Fwd P/E
11.2×
Dividend yield
2.72%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Horace Mann Educators Corporation (HMN) Piotroski F-score

Alert me on Piotroski F-score

Horace Mann Educators Corporation's Piotroski F-score for fiscal 2025 is 7 out of 9: 7 of nine tests of profitability, leverage and efficiency passed, down from 8 in fiscal 2024.

Piotroski F-score, annual

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Annual newest first

Period Piotroski F-score Change (points)
FY2025 7 (1.00)
FY2024 8 0.00
FY2023 8 1.00
FY2022 7 0.00
FY2021 7 3.00
FY2020 4 (3.00)
FY2019 7 2.00
FY2018 5 1.00
FY2017 4 (3.00)
FY2016 7 —

How fiscal 2025’s score is made up

Test This year Year before Result Points
Positive return on assets 1.09% 0.72% Pass 1
Positive operating cash flow 553.20m 452.10m Pass 1
Rising return on assets 1.09% 0.72% Pass 1
Cash flow above net income 391.10m 349.30m Pass 1
Falling long-term leverage 0.04 0.04 Fail 0
Rising current ratio 0.06 0.06 Fail 0
No new shares issued 41,200,000 41,300,000 Pass 1
Rising gross margin 45.43% 39.76% Pass 1
Rising asset turnover 0.11 0.11 Pass 1
Piotroski F-score Strong — most fundamentals improved 7

How the Piotroski F-score works

One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.

Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:

7–9Strong — most fundamentals improved
4–6Mixed
0–3Weak — most fundamentals deteriorated

Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.

Piotroski F-score against peers

Company Piotroski F-score
HCI HCI Group, Inc. compare 8
HMN Horace Mann Educators Corporation 7
SKWD Skyward Specialty Insurance Group, Inc. compare 7
TRUP Trupanion, Inc. compare 7
UVE UNIVERSAL INSURANCE HOLDINGS INC compare 7
SAFT Safety Insurance Group, Inc. compare 6
PRCH Porch Group, Inc. compare 6
STC Stewart Information Services Corporation compare 6
KMPR Kemper Corporation compare 6

What Piotroski F-score is

The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.

One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover

The full definition of Piotroski F-score →

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