HORACE MANN EDUCATORS CORPORATION (HMN) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

Swipe to see the full flow
HORACE MANN EDUCATORS CORPORATION cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $82,800,000.00Other operating assets and liabilities → Operating adjustments reconciliation: $114,900,000.00Insurance liabilities → Operating adjustments reconciliation: $73,600,000.00Depreciation and intangible asset amortization → Operating adjustments reconciliation: $13,400,000.00Amounts due under reinsurance agreements → Operating adjustments reconciliation: $9,800,000.00Share-based compensation expense → Operating adjustments reconciliation: $4,600,000.00Net investment (gains) losses → Operating adjustments reconciliation: $2,300,000.00Loss (gain) from equity method investments, net of dividends or distributions → Operating adjustments reconciliation: $1,900,000.00Operating adjustments reconciliation → Net cash from operating activities: $202,200,000.00Operating adjustments reconciliation → Income tax liabilities: $17,300,000.00Operating adjustments reconciliation → Other, net: $1,000,000.00Fixed maturity securities maturities, paydowns, calls and redemptions → investing reconciliation: $317,100,000.00Fixed maturity securities sales → investing reconciliation: $231,600,000.00Limited partnership interests sales → investing reconciliation: $43,200,000.00Change in short-term and other investments, net → investing reconciliation: $18,700,000.00investing reconciliation → Fixed maturity securities purchases: $641,500,000.00investing reconciliation → Limited partnership interests purchases: $43,600,000.00investing reconciliation → Equity securities purchases: $6,900,000.00investing reconciliation → Other, net: $5,300,000.00Net cash used in financing activities → financing reconciliation: $179,600,000.00Deposits → financing reconciliation: $897,900,000.00Life policy accounts deposits, withdrawals, and surrenders → financing reconciliation: $11,300,000.00Proceeds from exercise of stock options → financing reconciliation: $3,700,000.00Change in book overdrafts → financing reconciliation: $3,100,000.00financing reconciliation → Repayment of FHLB funding agreements: $659,500,000.00financing reconciliation → Benefits, withdrawals and net transfers to Separate Account variable annuity assets: $313,400,000.00financing reconciliation → Change in deposit asset on reinsurance: $71,400,000.00financing reconciliation → Dividends paid to shareholders: $29,100,000.00financing reconciliation → Treasury stock acquired: $18,200,000.00financing reconciliation → Withholding tax payments on RSUs and options tendered: $4,000,000.00Net cash used in investing activities → investing reconciliation: $86,700,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $27,500,000.00Net cash from operating activities → Cash sources and uses: $285,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $46,200,000.00Cash sources and uses → Net cash used in investing activities: $86,700,000.00Cash sources and uses → Net cash used in financing activities: $179,600,000.00Net investment (gains) losses: $2,300,000.00Investment sale gain & loss+$2.30 MDepreciation and intangible asset amortization: $13,400,000.00Depreciation & amortization+$13.40 MShare-based compensation expense: $4,600,000.00Stock-based compensation+$4.60 MInsurance liabilities: $73,600,000.00Insurance liabilities+$73.60 MAmounts due under reinsurance agreements: $9,800,000.00Reinsurance recoverables+$9.80 MIncome tax liabilities: -$17,300,000.00Deferred tax balances−$17.30 MOther operating assets and liabilities: $114,900,000.00Other working capital, net+$114.90 MOther, net: -$1,000,000.00Other operating, net−$1.00 MNet income: $82,800,000.00Net income+$82.80 MLoss (gain) from equity method investments, net of dividends or distributions: $1,900,000.00Equity-method income, net+$1.90 MContributions to defined benefit plan: $0.00Net cash from operating activities: $285,000,000.00Operating cash+$285.00 MOperating adjustments reconciliation: $220,500,000.00Dividends paid to shareholders: -$29,100,000.00Common dividends paid−$29.10 MTreasury stock acquired: -$18,200,000.00Equity repurchases−$18.20 MProceeds from exercise of stock options: $3,700,000.00Stock option exercises+$3.70 MWithholding tax payments on RSUs and options tendered: -$4,000,000.00Stock-award tax withholding−$4.00 MDeposits: $897,900,000.00Contractholder deposits+$897.90 MBenefits, withdrawals and net transfers to Separate Account variable annuity assets: -$313,400,000.00Variable annuity transfers, net−$313.40 MRepayment of FHLB funding agreements: -$659,500,000.00FHLB funding agreements repaid−$659.50 MLife policy accounts deposits, withdrawals, and surrenders: $11,300,000.00Policyholder deposits+$11.30 MChange in deposit asset on reinsurance: -$71,400,000.00Reinsurance deposit asset−$71.40 MNet increase (decrease) in reverse repurchase agreements: $0.00Change in book overdrafts: $3,100,000.00Bank overdrafts, net+$3.10 MNet cash used in financing activities: -$179,600,000.00. Cash required to fund net payments.Financing cash−$179.60 Mfinancing reconciliation: $1,095,600,000.00Fixed maturity securities purchases: -$641,500,000.00AFS securities purchases−$641.50 MFixed maturity securities sales: $231,600,000.00AFS securities sales+$231.60 MFixed maturity securities maturities, paydowns, calls and redemptions: $317,100,000.00AFS securities maturities+$317.10 MEquity securities purchases: -$6,900,000.00Marketable securities purchases−$6.90 MLimited partnership interests purchases: -$43,600,000.00Limited partnership purchases−$43.60 MLimited partnership interests sales: $43,200,000.00Limited partnership proceeds+$43.20 MChange in short-term and other investments, net: $18,700,000.00Short-term & other, net+$18.70 MOther, net: -$5,300,000.00Other investing, net−$5.30 MEquity securities sales, calls and repayments: $0.00Net cash used in investing activities: -$86,700,000.00. Cash required to fund net payments.Investing cash−$86.70 Minvesting reconciliation: $697,300,000.00Cash sources and uses: $312,500,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $27,500,000.00Beginning cash$27.50 MEnding cash: Cash, cash equivalents, and restricted cash: $46,200,000.00Ending cash$46.20 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flowNot availableCash flow / Net income3.44×Operating cash flow ÷ net incomeNet cash change+$18.70 MEnding cash − beginning cash
Chart details

HORACE MANN EDUCATORS CORPORATION cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
27,500,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
285,000,000 US dollars. Net cash provided.
Net income
82,800,000 US dollars
Net investment (gains) losses
2,300,000 US dollars
Depreciation and intangible asset amortization
13,400,000 US dollars
Share-based compensation expense
4,600,000 US dollars
Insurance liabilities
73,600,000 US dollars
Amounts due under reinsurance agreements
9,800,000 US dollars
Income tax liabilities
negative 17,300,000 US dollars
Other operating assets and liabilities
114,900,000 US dollars
Other, net
negative 1,000,000 US dollars
Loss (gain) from equity method investments, net of dividends or distributions
1,900,000 US dollars
Contributions to defined benefit plan
0 US dollars
Investing activities
negative 86,700,000 US dollars. Net cash used.
Fixed maturity securities purchases
negative 641,500,000 US dollars
Fixed maturity securities sales
231,600,000 US dollars
Fixed maturity securities maturities, paydowns, calls and redemptions
317,100,000 US dollars
Equity securities purchases
negative 6,900,000 US dollars
Limited partnership interests purchases
negative 43,600,000 US dollars
Limited partnership interests sales
43,200,000 US dollars
Change in short-term and other investments, net
18,700,000 US dollars
Other, net
negative 5,300,000 US dollars
Equity securities sales, calls and repayments
0 US dollars
Financing activities
negative 179,600,000 US dollars. Net cash used.
Dividends paid to shareholders
negative 29,100,000 US dollars
Treasury stock acquired
negative 18,200,000 US dollars
Proceeds from exercise of stock options
3,700,000 US dollars
Withholding tax payments on RSUs and options tendered
negative 4,000,000 US dollars
Deposits
897,900,000 US dollars
Benefits, withdrawals and net transfers to Separate Account variable annuity assets
negative 313,400,000 US dollars
Repayment of FHLB funding agreements
negative 659,500,000 US dollars
Life policy accounts deposits, withdrawals, and surrenders
11,300,000 US dollars
Change in deposit asset on reinsurance
negative 71,400,000 US dollars
Net increase (decrease) in reverse repurchase agreements
0 US dollars
Change in book overdrafts
3,100,000 US dollars
Operating adjustment reconciliation
220,500,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,095,600,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
697,300,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
46,200,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
312,500,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
18,700,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
3.44×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $202.20M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
HORACE MANN EDUCATORS CORPORATION (HMN) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!