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Horace Mann Educators

DB:HM9
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HM9
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The last earnings update was 66 days ago. More info.


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HM9 Share Price and Events
7 Day Returns
-1.1%
DB:HM9
-1%
DE Insurance
-1.8%
DE Market
1 Year Returns
-6.1%
DB:HM9
20.6%
DE Insurance
-6.7%
DE Market
HM9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Horace Mann Educators (HM9) -1.1% 2.2% 14.8% -6.1% 16.5% 68.9%
DE Insurance -1% 3.2% 4% 20.6% 60.3% 60.2%
DE Market -1.8% 1.6% -1.6% -6.7% 10.1% 11%
1 Year Return vs Industry and Market
  • HM9 underperformed the Insurance industry which returned 20.6% over the past year.
  • HM9 matched the Germany Market (-6.7%) over the past year.
Price Volatility
HM9
Industry
5yr Volatility vs Market

HM9 Value

 Is Horace Mann Educators undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Horace Mann Educators to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Horace Mann Educators.

DB:HM9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $39.57 * 6.1%
$2.43
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $39.57
Discount Rate (Cost of Equity) See below 5.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:HM9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 21%) (18.09%))
0.855
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.855 * 5.96%)
5.32%

Discounted Cash Flow Calculation for DB:HM9 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Horace Mann Educators is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:HM9 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.1% – 5.32%) * $39.57)
$0.33
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.33 / (5.32% - 0.23%)
$6.40
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $39.57 + $6.40
$45.97
DB:HM9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HM9 represents 0.89028x of NYSE:HMN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89028x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 45.97 x 0.89028
€40.93
Value per share (EUR) From above. €40.93
Current discount Discount to share price of €37.00
= -1 x (€37.00 - €40.93) / €40.93
9.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Horace Mann Educators is available for.
Intrinsic value
10%
Share price is €37 vs Future cash flow value of €40.93
Current Discount Checks
For Horace Mann Educators to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Horace Mann Educators's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Horace Mann Educators's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Horace Mann Educators's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Horace Mann Educators's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HM9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.73
NYSE:HMN Share Price ** NYSE (2019-07-15) in USD $41.56
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.39x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Horace Mann Educators.

DB:HM9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HMN Share Price ÷ EPS (both in USD)

= 41.56 ÷ 0.73

56.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Horace Mann Educators is overvalued based on earnings compared to the DE Insurance industry average.
  • Horace Mann Educators is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Horace Mann Educators's expected growth come at a high price?
Raw Data
DB:HM9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 56.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
26.8%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

DB:HM9 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 56.96x ÷ 26.8%

2.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Horace Mann Educators is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Horace Mann Educators's assets?
Raw Data
DB:HM9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $34.60
NYSE:HMN Share Price * NYSE (2019-07-15) in USD $41.56
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.07x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.74x
DB:HM9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HMN Share Price ÷ Book Value per Share (both in USD)

= 41.56 ÷ 34.60

1.2x

* Primary Listing of Horace Mann Educators.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Horace Mann Educators is overvalued based on assets compared to the DE Insurance industry average.
X
Value checks
We assess Horace Mann Educators's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Horace Mann Educators has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HM9 Future Performance

 How is Horace Mann Educators expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
26.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Horace Mann Educators expected to grow at an attractive rate?
  • Horace Mann Educators's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Horace Mann Educators's earnings growth is expected to exceed the Germany market average.
  • Horace Mann Educators's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HM9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HM9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 26.8%
DB:HM9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6.7%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:HM9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HM9 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,519 112 1
2020-12-31 1,363 110 2
2019-12-31 1,351 102 2
DB:HM9 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,209 254 30
2018-12-31 1,192 201 18
2018-09-30 1,216 237 164
2018-06-30 1,195 253 178
2018-03-31 1,180 256 174
2017-12-31 1,172 257 169
2017-09-30 1,151 284 64
2017-06-30 1,153 250 64
2017-03-31 1,145 204 74
2016-12-31 1,129 211 84
2016-09-30 1,122 212 85
2016-06-30 1,097 225 80

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Horace Mann Educators's earnings are expected to grow significantly at over 20% yearly.
  • Horace Mann Educators's revenue is expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:HM9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Horace Mann Educators Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HM9 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.65 2.65 2.65 1.00
2020-12-31 2.61 2.80 2.42 2.00
2019-12-31 3.59 4.74 2.44 2.00
DB:HM9 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.73
2018-12-31 0.44
2018-09-30 3.95
2018-06-30 4.29
2018-03-31 4.20
2017-12-31 4.10
2017-09-30 1.55
2017-06-30 1.56
2017-03-31 1.80
2016-12-31 2.04
2016-09-30 2.06
2016-06-30 1.93

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Horace Mann Educators is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Horace Mann Educators's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Horace Mann Educators has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HM9 Past Performance

  How has Horace Mann Educators performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Horace Mann Educators's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Horace Mann Educators's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Horace Mann Educators's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Horace Mann Educators's 1-year earnings growth is negative, it can't be compared to the DE Insurance industry average.
Earnings and Revenue History
Horace Mann Educators's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Horace Mann Educators Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HM9 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,209.32 30.35 211.30
2018-12-31 1,191.60 18.34 205.41
2018-09-30 1,216.06 163.93 198.01
2018-06-30 1,194.56 177.95 191.19
2018-03-31 1,179.74 174.30 187.20
2017-12-31 1,171.55 169.46 187.79
2017-09-30 1,151.43 63.95 181.79
2017-06-30 1,152.79 64.33 181.96
2017-03-31 1,144.91 73.93 179.07
2016-12-31 1,128.91 83.77 173.11
2016-09-30 1,122.14 84.98 172.28
2016-06-30 1,096.72 80.04 167.59
2016-03-31 1,081.63 84.36 164.28
2015-12-31 1,080.45 93.48 157.41
2015-09-30 1,073.50 102.51 158.57
2015-06-30 1,073.27 105.88 158.80
2015-03-31 1,069.54 110.15 157.97
2014-12-31 1,060.69 104.24 161.99
2014-09-30 1,050.74 108.46 159.91
2014-06-30 1,037.11 106.70 161.44
2014-03-31 1,038.00 112.25 161.24
2013-12-31 1,031.27 110.89 160.11
2013-09-30 1,027.47 108.43 160.92
2013-06-30 1,032.13 117.10 157.46
2013-03-31 1,020.72 104.21 157.03
2012-12-31 1,010.81 103.87 156.06
2012-09-30 1,003.04 104.95 154.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Horace Mann Educators has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Horace Mann Educators used its assets less efficiently than the DE Insurance industry average last year based on Return on Assets.
  • Horace Mann Educators's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Horace Mann Educators's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Horace Mann Educators has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HM9 Health

 How is Horace Mann Educators's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Horace Mann Educators's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Horace Mann Educators's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Horace Mann Educators's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Horace Mann Educators's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Horace Mann Educators Company Filings, last reported 3 months ago.

DB:HM9 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,423.71 297.81 150.74
2018-12-31 1,290.55 922.74 134.13
2018-09-30 1,304.26 297.67 81.08
2018-06-30 1,350.44 297.60 184.74
2018-03-31 1,404.68 297.54 46.15
2017-12-31 1,501.57 297.47 70.22
2017-09-30 1,390.44 247.40 118.18
2017-06-30 1,362.13 247.34 120.09
2017-03-31 1,321.82 247.27 87.66
2016-12-31 1,293.98 247.21 61.59
2016-09-30 1,444.08 247.15 267.82
2016-06-30 1,417.34 247.08 203.76
2016-03-31 1,335.99 247.02 266.66
2015-12-31 1,264.66 246.98 189.66
2015-09-30 1,307.18 237.98 152.63
2015-06-30 1,306.67 237.97 163.79
2015-03-31 1,409.77 237.96 224.94
2014-12-31 1,336.46 237.94 153.71
2014-09-30 1,288.33 237.92 203.41
2014-06-30 1,283.14 377.87 113.16
2014-03-31 1,197.83 287.14 110.40
2013-12-31 1,099.31 263.74 224.95
2013-09-30 1,089.31 359.17 140.02
2013-06-30 1,106.34 371.84 120.00
2013-03-31 1,261.68 325.67 84.37
2012-12-31 1,245.80 237.81 102.74
2012-09-30 1,232.42 237.79 209.82
  • Horace Mann Educators's level of debt (20.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (24% vs 20.9% today).
  • Debt is well covered by operating cash flow (85.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).
X
Financial health checks
We assess Horace Mann Educators's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Horace Mann Educators has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HM9 Dividends

 What is Horace Mann Educators's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.77%
Current annual income from Horace Mann Educators dividends. Estimated to be 2.91% next year.
If you bought €2,000 of Horace Mann Educators shares you are expected to receive €55 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Horace Mann Educators's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Horace Mann Educators's dividend is below the markets top 25% of dividend payers in Germany (3.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:HM9 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:HM9 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.28 1.00
2020-12-31 1.20 1.00
2019-12-31 1.15 1.00
DB:HM9 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-22 1.150 2.801
2019-03-06 1.150 3.064
2018-12-06 1.140 2.928
2018-09-05 1.140 2.734
2018-08-08 1.140 2.496
2018-08-02 1.140 2.583
2018-03-07 1.140 2.573
2017-12-06 1.100 2.573
2017-09-01 1.100 2.670
2017-05-24 1.100 2.943
2017-03-09 1.100 2.811
2016-12-07 1.060 2.494
2016-09-02 1.060 2.860
2016-05-25 1.060 3.080
2016-03-09 1.060 3.323
2015-12-09 1.000 3.221
2015-09-04 1.000 2.931
2015-05-20 1.000 2.849
2015-03-04 1.000 2.907
2014-12-10 0.920 2.889
2014-09-05 0.920 3.073
2014-05-21 0.920 3.084
2014-03-06 0.920 3.177
2014-03-03 0.780 2.712
2014-02-04 0.780 2.752
2013-12-11 0.780 2.613
2013-09-06 0.780 2.712
2013-05-22 0.780 2.980
2013-03-06 0.780 3.577
2012-12-05 0.640 3.098
2012-09-06 0.520 2.796
2012-05-23 0.520 2.959
2012-03-07 0.520 2.975
2011-12-07 0.520 3.401
2011-09-08 0.440 3.599
2011-05-25 0.440 3.054
2011-03-10 0.440 2.612
2010-12-10 0.440 2.504
2010-09-09 0.320 1.816
2010-05-27 0.320 2.004
2010-03-03 0.320 2.090
2010-03-01 0.238 1.733
2010-02-08 0.238 1.793
2009-12-09 0.320 2.550
2009-09-10 0.210 1.585
2009-05-28 0.210 1.947
2009-03-04 0.210 2.491
2008-12-10 0.210 2.346
2008-09-10 0.420 4.936

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Horace Mann Educators's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Horace Mann Educators's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Horace Mann Educators afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Horace Mann Educators has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HM9 Management

 What is the CEO of Horace Mann Educators's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Marita Zuraitis
COMPENSATION $3,626,990
AGE 59
TENURE AS CEO 5.8 years
CEO Bio

Ms. Marita Zuraitis is the President, Chief Executive Officer and Director of Horace Mann Educators Corporation since September 2013. Prior to joining Horace Mann, she was President of the property and casualty insurance companies of The Hanover Insurance Group with responsibilities for both personal and commercial lines representing $3 billion in annual premium from 2004 to 2013. Ms. Zuraitis was also a member of Hanover’s Executive Leadership team. Prior to joining The Hanover in 2004, she served in senior management positions at The St. Paul/ Travelers Companies, USF&G and Aetna Life and Casualty. Previously, she held underwriting and field management position with United States Fidelity and Guaranty Company. She is a proven leader in the property and casualty industry, and her 30-year career includes leadership positions in both home office and field environments. The breadth of her experience provides her with a unique understanding of the industry, which has enabled her to bring exceptional knowledge and insight to the organizations she has supported. She has a strong connection to Horace Mann’s educator niche through several family members who are teachers. She holds a bachelor’s degree in business administration from Fairfield University in Fairfield, Connecticut and has completed the Advanced Executive Education Program at the University of Pennsylvania’s Wharton School of Business. She is Vice Chair of the Board of Trustees of The Institutes. She is a member of the Board of Trustees of the American Institute for Chartered Property and Casualty Underwriters (The Institutes), and is a member of the Board of Directors of Citizens Financial Group. She is a past Chairperson of the board of trustees for NCCI Holdings, Inc. She is a past board member of the Worcester Academy, a private secondary school in Worcester, Massachusetts. She was a member of the Board of Directors of LL Global, Inc. Ms. Zuraitis is a graduate of Fairfield University and completed Advanced Executive Education Program at the Wharton School of Business and the Program on Negotiations at Harvard University.

CEO Compensation
  • Marita's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Marita's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Horace Mann Educators management team in years:

3
Average Tenure
55
Average Age
  • The tenure for the Horace Mann Educators management team is about average.
Management Team

Marita Zuraitis

TITLE
President
COMPENSATION
$4M
AGE
59
TENURE
5.8 yrs

Bret Conklin

TITLE
Executive VP & CFO
COMPENSATION
$920K
AGE
55
TENURE
2.5 yrs

Matthew Sharpe

TITLE
Executive Vice President of Strategy & Business Development
COMPENSATION
$1M
AGE
57

William Caldwell

TITLE
Executive VP of Property & Casualty and Customer Engagement
COMPENSATION
$1M
AGE
48
TENURE
5.7 yrs

Bret Benham

TITLE
Executive Vice President of Life & Retirement
COMPENSATION
$971K
AGE
58
TENURE
1.7 yrs

Sandra Figurski

TITLE
Chief Information Officer & Senior VP
AGE
55
TENURE
4.7 yrs

Heather Wietzel

TITLE
Vice President of Investor Relations
TENURE
1.2 yrs

Donald Carley

TITLE
Senior VP
COMPENSATION
$722K
AGE
51
TENURE
3.5 yrs

Paul Wappel

TITLE
AVP of Public Relations & Community Relations

Elizabeth Moore

TITLE
VP & Chief Human Resources Officer
AGE
55
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the Horace Mann Educators board of directors in years:

4.7
Average Tenure
64
Average Age
  • The tenure for the Horace Mann Educators board of directors is about average.
Board of Directors

Henry Reece

TITLE
Chairman of the Board
COMPENSATION
$225K
AGE
62
TENURE
1.2 yrs

Marita Zuraitis

TITLE
President
COMPENSATION
$4M
AGE
59
TENURE
5.8 yrs

Stephen Hasenmiller

TITLE
Director
COMPENSATION
$180K
AGE
69
TENURE
14.8 yrs

Robert Stricker

TITLE
Director
COMPENSATION
$178K
AGE
72
TENURE
9.6 yrs

Beverley McClure

TITLE
Director
COMPENSATION
$192K
AGE
64
TENURE
6.2 yrs

Steven Swyers

TITLE
Director
COMPENSATION
$188K
AGE
68
TENURE
5.2 yrs

Daniel Domenech

TITLE
Director
COMPENSATION
$170K
AGE
73
TENURE
4.2 yrs

Perry Hines

TITLE
Director
COMPENSATION
$170K
TENURE
1.2 yrs

Mark Casady

TITLE
Director
AGE
59
TENURE
0.2 yrs

Mark Konen

TITLE
Director
AGE
59
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Mar 19 Sell Bret Conklin Individual 21. Mar 19 21. Mar 19 -6,466 €31.73 €-205,137
24. Aug 18 Sell Kimberly Johnson Individual 22. Aug 18 22. Aug 18 -2,000 €39.76 €-79,522
21. Sep 18 Sell Sandra Figurski Individual 19. Sep 18 19. Sep 18 -2,638 €39.44 €-104,048
10. Sep 18 Sell John McCarthy Individual 07. Sep 18 07. Sep 18 -1,975 €40.16 €-79,311
X
Management checks
We assess Horace Mann Educators's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Horace Mann Educators has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HM9 News

Simply Wall St News

HM9 Company Info

Description

Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through four segments: Property and Casualty, Retirement, Life, and Corporate and Other. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products. The company markets its products through its sales force of full-time exclusive distributors and independent agents to K-12 teachers, administrators, and other employees of public schools and their families. Horace Mann Educators Corporation was founded in 1945 and is headquartered in Springfield, Illinois.

Details
Name: Horace Mann Educators Corporation
HM9
Exchange: DB
Founded: 1945
$1,530,309,952
41,154,802
Website: http://www.horacemann.com
Address: Horace Mann Educators Corporation
1 Horace Mann Plaza,
Springfield,
Illinois, 62715,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HMN Common Stock New York Stock Exchange US USD 15. Nov 1991
DB HM9 Common Stock Deutsche Boerse AG DE EUR 15. Nov 1991
Number of employees
Current staff
Staff numbers
1,495
Horace Mann Educators employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 21:42
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.