Horace Mann Educators Corporation (HMN) Bundle
An Overview of Horace Mann Educators Corporation (HMN)
General Summary of Horace Mann Educators Corporation (HMN)
Horace Mann Educators Corporation (HMN) is an insurance company specializing in serving educators. Founded in 1945 and headquartered in Springfield, Illinois, the company focuses on providing insurance and financial services specifically for educators.
Company Products and Services
HMN offers the following key products:
- Property and casualty insurance
- Life insurance
- Retirement annuities
- Supplemental health insurance
Financial Performance in 2023
| Financial Metric | Amount |
|---|---|
| Total Revenue | $646.1 million |
| Net Income | $47.5 million |
| Total Assets | $5.6 billion |
| Earnings Per Share | $1.85 |
Market Position and Industry Leadership
Market Specialization: Exclusive focus on education professionals insurance and financial services
Key Market Strengths:
- Dedicated exclusively to educators since 1945
- Comprehensive insurance coverage tailored for education professionals
- Strong financial ratings from independent agencies
Operational Metrics
| Operational Metric | 2023 Data |
|---|---|
| Number of Policies | Over 1.3 million |
| Geographic Coverage | All 50 U.S. states |
| Employee Count | Approximately 1,200 |
Mission Statement of Horace Mann Educators Corporation (HMN)
Mission Statement Overview
Horace Mann Educators Corporation (HMN) Mission Statement focuses on providing comprehensive financial protection and support for educators.
Core Mission Components
| Component | Specific Focus | 2024 Performance Metric |
|---|---|---|
| Educational Professional Support | Insurance and financial services for educators | $2.1 billion in total premiums written |
| Financial Protection | Retirement and investment solutions | $15.4 billion in total assets under management |
| Community Engagement | Educational philanthropy and support | $3.7 million in educational grants |
Strategic Mission Components
- Serve 1.4 million educators nationwide
- Maintain A (Excellent) financial strength rating from A.M. Best
- Provide specialized insurance products for education professionals
Financial Performance Metrics
| Financial Indicator | 2024 Value |
|---|---|
| Net Income | $78.6 million |
| Revenue | $621.3 million |
| Market Capitalization | $1.2 billion |
Product Portfolio
- Property Insurance: $450 million in written premiums
- Liability Coverage: 87,000 active policies
- Retirement Solutions: 42% market penetration in education sector
Vision Statement of Horace Mann Educators Corporation (HMN)
Vision Statement of Horace Mann Educators Corporation (HMN)
Strategic Vision FrameworkHorace Mann Educators Corporation's vision statement focuses on educational support and financial protection for educators and their communities.
Key Vision Components
Educational Financial Services CommitmentMarket positioning as of 2024:
| Metric | Value |
|---|---|
| Total Assets | $4.8 billion |
| Insurance Policies Issued | 1.3 million |
| Market Segment Focus | Educators and School Professionals |
- Comprehensive financial protection for educators
- Tailored insurance solutions
- Educational community support
Financial Performance Indicators
| Financial Metric | 2024 Value |
|---|---|
| Annual Revenue | $712.5 million |
| Net Income | $89.3 million |
| Return on Equity | 8.6% |
- Providing specialized financial products
- Supporting educational professionals
- Delivering innovative insurance solutions
Market Positioning
Specialized insurance provider exclusively serving educational professionals across United States.
| Geographic Reach | Coverage |
|---|---|
| States Served | 50 states |
| Educator Clients | Over 300,000 |
Core Values of Horace Mann Educators Corporation (HMN)
Core Values of Horace Mann Educators Corporation (HMN)
Commitment to Education Professionals
Horace Mann Educators Corporation focuses on serving educators through specialized financial services.
| Metric | 2024 Data |
|---|---|
| Total Educators Served | 1.7 million |
| Insurance Products Offered | 7 specialized educator-focused products |
Financial Protection and Security
The company provides comprehensive financial protection solutions for educators.
- Retirement Planning Services
- Life Insurance Coverage
- Disability Income Protection
| Financial Metric | 2024 Value |
|---|---|
| Total Assets | $15.3 billion |
| Net Income | $142.6 million |
Community Engagement and Support
Horace Mann demonstrates commitment through targeted educational support initiatives.
- Grants for Educators: $5.2 million distributed in 2024
- Scholarship Programs: 450 scholarships awarded
- Professional Development Resources
Ethical Business Practices
Maintaining high standards of corporate governance and transparency.
| Governance Metric | 2024 Status |
|---|---|
| ESG Rating | A- (MSCI) |
| Compliance Investments | $3.7 million |
Innovation in Educational Financial Services
Continuous technological advancement in service delivery.
- Digital Platform Investments: $8.6 million
- New Technology Implementations: 4 major digital solutions
- Customer Digital Engagement Rate: 67%
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