霍勒斯曼恩 2025年季度报告

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Item 1.Consolidated Financial Statements Consolidated Balance Sheets as of March 31, 2025 (Unaudited) and December 31, 2024 Consolidated Statements of Operations and Comprehensive Income (Loss) for the Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 5.Other InformationItem 6.ExhibitsSIGNATURES PART I: FINANCIAL INFORMATION HORACE MANN EDUCATORS CORPORATIONCONSOLIDATED BALANCE SHEETS HORACE MANN EDUCATORS CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) HORACE MANN EDUCATORS CORPORATIONCONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) HORACE MANN EDUCATORS CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) NOTE 1 -Basis of Presentation and Significant Accounting Policies Business Horace Mann Educators Corporation is a holding company for insurance subsidiaries that market andunderwrite personal lines of property and casualty insurance products (primarily personal lines of auto andproperty insurance), life insurance products, retirement products (primarily tax-qualified fixed and variableannuities), individual supplemental insurance products (primarily cancer, heart, hospital, supplemental The Company conducts and manages its business infourreporting segments: (1) Property & Casualty, (2) Life& Retirement, (3) Supplemental & Group Benefits and (4) Corporate & Other. Basis of Presentation The accompanying Consolidated Financial Statements have been prepared in conformity with accountingprinciples generally accepted in the United States of America (GAAP) and with the rules and regulations of theSecurities and Exchange Commission (SEC). Certain information and disclosures normally included in annualfinancial statements prepared in conformity with GAAP, but are not required for interim reporting purposes, The accompanying Consolidated Financial Statements and Notes thereto are unaudited and reflect alladjustments (generally consisting only of normal recurring accruals) which are, in the opinion of management,necessary for the fair presentation of the consolidated financial position, results of operations and cash flows for The Company has reclassified the presentation of certain prior period information to conform to the currentyear's presentation. Consolidation All intercompany transactions and balances between HMEC and its subsidiaries and affiliates have beeneliminated. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to makeestimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent The most significant critical accounting estimates include valuation of hard-to-value fixed maturity securities,evaluation of credit loss impairments for fixed maturity securities, valuation of future policy benefit reserves, and Future Adoption of New Accounting Standards Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income TaxDisclosures. This update will improve the transparency of income tax disclosures by requiring (1) consistent NOTE 1 - Basis of Presentation and Significant Accounting Policies (continued) categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paiddisaggregated by jurisdiction. It also includes certain other amendments to improve the effectiveness of incometax disclosures. This guidance will be effective for the Company for annual periods beginning after December 15, 2024 andinterim periods beginning after December 15, 2025. Early adoption is permitted. The guidance will have no net Disaggregation of Income Statement Expenses In November 2024, the FASB issued ASU 2024-04, 03 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic