Filing Flows › Horace Mann Educators (HMN) › Q3 2025
Horace Mann Educators (HMN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Horace Mann Educators (HMN) reported revenue of $438M for the third quarter 2025 (Q3 2025), +6% from a year earlier and +7% from the quarter before. Operating margin was 16.3%, net earnings $58.3M (13.3% of revenue).
Horace Mann Educators, Q3 2025: revenue $438M (+6% year over year), operating margin 16.3%, net earnings $58.3M, operating cash flow $151M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $438M | +7% | +6% |
| Operating profit | $71.5M | +96% | +67% |
| Net earnings | $58.3M | +98% | +70% |
| Operating cash flow | $151M | +15% | +5% |
What changed
Revenue was $438.5M in Q3 2025, up 6% year over year and up 7% from the previous quarter.
Operating profit was $71.5M, a 16.3% margin (up 5.9 points year over year). Of the extra revenue versus a year earlier, 109% reached operating profit, above the 10% margin then. Total costs fell 1% while revenue rose 6%. Net earnings were $58.3M, up 70% year over year. The effective tax rate was 18.5%.
Operating cash flow was $151.2M (up 5% year over year), 259% of net earnings. Non-cash charges added back $6.8M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $83.7M.
Questions
What was Horace Mann Educators' revenue in the third quarter 2025?
Horace Mann Educators (HMN) reported revenue of $438M for the third quarter 2025 (Q3 2025), +6% from a year earlier and +7% from the quarter before.
Was Horace Mann Educators profitable in the third quarter 2025?
Operating profit was $71.5M (16.3% of revenue) and net earnings $58.3M.