Filing Flows › Horace Mann Educators (HMN) › Q4 2025
Horace Mann Educators (HMN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Horace Mann Educators (HMN) reported revenue of $435M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -0.8% from the quarter before. Operating margin was 10.5%, net earnings $36.2M (8.3% of revenue).
Horace Mann Educators, Q4 2025: revenue $435M (+6% year over year), operating margin 10.5%, net earnings $36.2M, operating cash flow $130M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $435M | -0.8% | +6% |
| Operating profit | $45.7M | -36% | -5% |
| Net earnings | $36.2M | -38% | -5% |
| Operating cash flow | $130M | -14% | -33% |
What changed
Revenue was $434.8M in Q4 2025, up 6% year over year and down 1% from the previous quarter.
Operating profit was $45.7M, a 10.5% margin (down 1.3 points year over year). Operating profit fell $2.6M even though revenue rose $25.8M versus a year earlier, so costs grew faster than sales. Total costs grew 8% against revenue growth of 6%. Net earnings were $36.2M, down 5% year over year. The effective tax rate was 20.8%.
Operating cash flow was $129.9M (down 33% year over year), 359% of net earnings. Non-cash charges added back $6.7M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $84.4M.
Questions
What was Horace Mann Educators' revenue in the fourth quarter 2025?
Horace Mann Educators (HMN) reported revenue of $435M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -0.8% from the quarter before.
Was Horace Mann Educators profitable in the fourth quarter 2025?
Operating profit was $45.7M (10.5% of revenue) and net earnings $36.2M.