Mission Statement, Vision, & Core Values of Horace Mann Educators Corporation (HMN)

Are you curious about what drives Horace Mann Educators Corporation (HMN), a company focused on serving the financial needs of educators? What are the core principles that guide their operations and strategic decisions? Understanding a company's mission, vision, and core values provides insight into its purpose and how it aims to achieve its goals.

Horace Mann's dedication is evident in its 2024 financial results, with a full-year net income of $103 million, or $2.48 per share, and core earnings of $132 million, or $3.18 per share. These figures highlight the company's commitment to delivering value while adhering to its guiding principles. Let's delve into the specifics of Horace Mann's mission, vision, and core values to understand what makes this company tick and how it strives to empower educators.

Horace Mann Educators Corporation (HMN) An Overview of

Horace Mann Educators Corporation has a long history of serving the education community. Founded in 1945 by two teachers who sought affordable auto insurance, the company has evolved into a comprehensive financial services firm. Today, it offers a wide array of products and services tailored to educators and their families, including:

• Insurance Products: Auto, Home, and Life insurance
• Retirement Solutions: Annuities and other retirement savings plans
• Financial Services: Products and services designed to help educators achieve their financial goals

As of April 2025, while specific real-time sales figures are not available, Horace Mann continues to focus on providing specialized financial solutions. These offerings acknowledge the unique needs of the education community, supporting them in securing their financial futures.

Horace Mann Educators Corporation has demonstrated strong financial performance. The company reported record core sales in 2024, driven by growth in its main product lines and strategic expansion into key markets. Here's a snapshot:

• Core Sales: Achieved record levels due to increased demand for insurance and retirement products.
• Market Expansion: Successfully penetrated new geographic regions and demographic segments within the education sector.
• Product Innovation: Introduced new financial solutions tailored to the evolving needs of educators, further boosting revenue.

Horace Mann stands out as a leader in providing financial services to the education community. Its deep understanding of educators' needs, combined with a commitment to offering tailored solutions, has fueled its success. The company's comprehensive suite of insurance products, retirement solutions, and financial services positions it as a trusted partner for educators seeking to achieve their financial goals. To delve deeper into the company's financial well-being, read Breaking Down Horace Mann Educators Corporation (HMN) Financial Health: Key Insights for Investors.

Horace Mann Educators Corporation (HMN) Mission Statement

Horace Mann Educators Corporation (HMN) is dedicated to helping America's educators and others who serve the community achieve lifelong financial success. The company, founded in 1945, provides tailored insurance and financial solutions to meet the unique needs of the education community. Horace Mann is committed to serving educators through specialized financial services.

The mission is to deliver comprehensive solutions that allow educators to focus on what truly matters—making a lasting difference in the lives of children. The company aims to help all educators protect what they have today and prepare for a successful tomorrow.

Horace Mann's mission strongly resonates with its employees, aiming to reflect core values such as:

• Compassion
• Trustworthiness
• Straightforwardness
• Approachability
• Respectfulness
• Knowledge

Horace Mann's mission is to help educators achieve a lifetime of financial success while doing the job they love.

For additional details, you can explore Horace Mann Educators Corporation (HMN): History, Ownership, Mission, How It Works & Makes Money.

Core Components of Horace Mann's Mission Statement

Horace Mann's mission statement is built upon several core components that guide its operations and strategic goals.

1. Focus on Educators

Horace Mann's primary focus is on serving educators. This commitment is evident in its founding history, which began with two teachers offering auto insurance to their colleagues. The company's products and services are designed to address the specific financial challenges and needs of educators.

Horace Mann provides a range of financial and insurance products tailored to meet the unique needs of educators, including:

• Credit monitoring
• Student loan solutions
• Auto, property, life, and supplemental insurance
• Retirement planning
• Educational workshops

In 2024, Horace Mann reaffirmed its dedication to serving America's educators by launching a new digital experience to provide educators more control over when and how they can learn about products and solutions designed to meet their needs.

2. Comprehensive Financial Solutions

Horace Mann aims to deliver comprehensive financial solutions that cover various aspects of financial well-being. These solutions include insurance products and retirement planning services.

The company broadens its mission to helping all educators protect what they have today and prepare for a successful tomorrow. Horace Mann now holds more than $14 Billion in assets and serves more than 1 million educator households.

Horace Mann is expanding its financial wellness offerings for educators with new partnerships. The company provides a full suite of offerings and services, from student loan solutions and teacher appreciation events to life and retirement products and solutions.

3. Commitment to Community

Horace Mann is committed to having a positive impact on America's educational community, its employees, and the communities in which they live and work. This commitment is reflected in its corporate social responsibility efforts.

Horace Mann fosters a collaborative and inclusive organizational culture for all its employees, focusing on talent attraction and retention, employee engagement, inclusive education, community connections, and workforce development.

Key initiatives to strengthen the culture include:

• Inclusion and Engagement Committee: Focused on actionable steps to build an inclusive culture.

In 2024, employees averaged 18.5 hours of training. The company's intensive Emerging Leaders program is a five-month, 100-hour class that brings together employees from across all areas of the company and country, focusing on communication skills, emotional intelligence, organizational influence, and building cross-functional relationships.

Horace Mann is committed to embracing differences and integrating DEI into everything it does – from how the company serves its educator market to how it builds its workforce, practices, and processes.

Vision Statement of Horace Mann Educators Corporation (HMN)

Horace Mann Educators Corporation's vision statement focuses on the educational support and financial protection of educators and their communities.

Core Values of Horace Mann Educators Corporation (HMN)

Horace Mann aims to reflect the core values at the heart of who they are:

• Compassionate
• Trustworthy
• Straightforward
• Approachable
• Respectful
• Knowledgeable

These core values govern the implementation of curriculum and programs across all divisions.

In interactions with customers, each other, and all stakeholders, Horace Mann aims to reflect these core values.

Financial Performance

Horace Mann Educators (NYSE:HMN) reported strong financial results for Q4 and full-year 2024. The company achieved full-year net income of $103 million ($2.48 per share) and core earnings of $132 million ($3.18 per share). The fourth quarter delivered net income of $0.92 per share and record core earnings of $1.62 per share.

Key financial highlights for 2024 include:

• Net income increased 128.4% year-over-year to $102.8 million.
• Core earnings more than doubled to $132.1 million (+107.1%)
• Property & Casualty combined ratio improved by 15 points to 97.9%
• Total revenue grew 6.9% to $1.59 billion.
• Book value per share increased 9.5% to $31.51.

Looking ahead to 2025, Horace Mann projects core earnings per share of $3.60 to $3.90, with an expected double-digit shareholder return on equity.

Horace Mann Educators Corporation (HMN) Vision Statement of

Horace Mann Educators Corporation operates with a clearly defined mission, vision, and a set of core values that guide its operations and strategic decisions. Understanding these elements provides insight into the company's goals, aspirations, and the principles that shape its corporate culture. As of April 2025, the following represents the vision that drives the company forward. For a detailed analysis of the financial health of the organization, you can explore this resource: Breaking Down Horace Mann Educators Corporation (HMN) Financial Health: Key Insights for Investors.

Horace Mann's vision is to be educators’ No. 1 choice for insurance and financial solutions.

This overarching vision is supported by several key components:

Educators' Top Choice

Horace Mann aims to be the preferred provider of insurance and financial solutions for educators. This ambition requires a deep understanding of the unique needs and challenges faced by educators. To achieve this, the company focuses on:

• Tailored Products: Developing insurance and financial products specifically designed to meet the needs of educators.
• Exceptional Service: Providing superior customer service and support to build strong, lasting relationships.
• Community Engagement: Actively participating in and supporting the educational community.

Insurance Solutions

Horace Mann offers a range of insurance products, including auto, home, and life insurance. These products are designed to provide educators with comprehensive coverage and financial security. Key aspects of their insurance solutions include:

• Competitive Pricing: Offering affordable rates that fit the budgets of educators.
• Customizable Coverage: Providing flexible options that allow educators to tailor their policies to their specific needs.
• Claims Support: Ensuring a smooth and efficient claims process to help educators when they need it most.

Financial Solutions

In addition to insurance, Horace Mann provides a variety of financial solutions, including retirement plans and investment products. These offerings are aimed at helping educators achieve their long-term financial goals. Key components of their financial solutions include:

• Retirement Planning: Assisting educators in planning for a secure retirement through products like 403(b) plans and annuities.
• Investment Services: Offering a range of investment options to help educators grow their savings.
• Financial Advice: Providing access to financial advisors who understand the unique financial challenges and opportunities facing educators.

Horace Mann Educators Corporation (HMN) Core Values of

Horace Mann Educators Corporation operates with a mission to protect educators’ financial futures. While a specific, formally declared list of core values isn't prominently featured in their public disclosures, we can infer their core values from their actions, initiatives, and overall approach to business. These inferred values reflect a commitment to those who serve the community through education.

Commitment to Educators

This is evident in every facet of Horace Mann’s operations. The company focuses exclusively on providing insurance and financial solutions to educators and their families. This dedication is more than just a business strategy; it reflects a deep understanding of and commitment to the unique needs of educators. Horace Mann offers specialized products and services tailored to the education community, such as:

• Retirement solutions designed to supplement educators' pensions.
• Insurance products that address the specific risks educators face.
• Financial planning services that consider the complexities of educators' compensation and benefits.

Horace Mann’s commitment extends beyond products and services. It includes advocacy and support for educators in various ways. For example, the company sponsors educational programs and initiatives, supports educator-related causes, and actively engages with educational organizations. This commitment is reflected in their financial performance, with the company reporting total revenues of $1.42 billion for the year 2024. Net income for 2024 was $77.4 million, or $1.91 per diluted share, compared to $64.1 million, or $1.57 per diluted share, in 2023.

Integrity and Trust

As a financial services provider, Horace Mann places a high value on integrity and trust. This is crucial when dealing with educators' financial futures. The company emphasizes ethical behavior, transparency, and responsible financial practices. Horace Mann maintains a strong compliance program and adheres to industry regulations to ensure the highest standards of conduct. In 2024, Horace Mann repurchased 1,154,630 shares of common stock at an aggregate cost of $49.2 million.

Service and Relationships

Horace Mann focuses on building long-term relationships with its clients. The company emphasizes personalized service, understanding that each educator has unique financial goals and challenges. Horace Mann’s representatives work closely with educators to provide tailored advice and support, fostering trust and loyalty. Horace Mann’s agency force, which includes approximately 800 exclusive agents, plays a vital role in building and maintaining these relationships. The company also invests in technology and infrastructure to enhance the customer experience and provide efficient, responsive service.

Community Engagement

Horace Mann actively engages with the communities it serves. The company supports local schools and educational initiatives through sponsorships, volunteer programs, and charitable contributions. This community involvement reflects a commitment to the well-being of educators and the students they serve. Horace Mann's community engagement efforts align with its mission to protect educators’ financial futures and contribute to the overall success of the education community. For the year 2024, Horace Mann reported total assets of $12.2 billion.

To learn more about the financial stability of the company, check out this article: Breaking Down Horace Mann Educators Corporation (HMN) Financial Health: Key Insights for Investors