Horace Mann Educators (HMN) Operating Expenses (2010 - 2026)
Horace Mann Educators' (HMN) quarterly Operating Expenses came in at $82.0 million in Q1 2026, up 6.63% YoY from $76.9 million in Q1 2025, and down 10.19% on a QoQ basis from $91.3 million in Q4 2025.
Horace Mann Educators (HMN) Operating Expenses (2010 - 2026) Analysis & Trends
Horace Mann Educators (HMN) has 17 years of Operating Expenses data on file, last reported at $82.0 million in Q1 2026.
- Quarterly Operating Expenses rose 6.63% year-over-year to $82.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $622.5 million (down 70.12% YoY) and the FY2025 annual result came in at $334.4 million, down 77.2% from the prior year.
- Operating Expenses slipped to $82.0 million in Q1 2026, from $91.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.3 billion in Q4 2024 to a low of -$737.0 million in Q4 2022.
- A 5-year average of $279.6 million and a median of $351.9 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses tumbled 399.84% — and 2024, when it jumped 252.32%.
- Tracing HMN's Operating Expenses over 5 years: stood at -$737.0 million in 2022, then soared by 148.26% to $355.7 million in 2023, then jumped by 252.32% to $1.3 billion in 2024, then slumped by 92.71% to $91.3 million in 2025, then retreated by 10.19% to $82.0 million in 2026.
- The last three Operating Expenses figures came in at $82.0 million (Q1 2026), $91.3 million (Q4 2025), and $367.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 135.01 Bn | 121.24 Bn | 9.13 Bn | 12.19 Bn |
| 2 | Progressive | 124.83 Bn | 119.83 Bn | 9.04 Bn | 19.40 Bn |
| 3 | Travelers Companies | 79.46 Bn | 55.71 Bn | 4.83 Bn | 9.39 Bn |
| 4 | Allstate | 68.25 Bn | 29.52 Bn | 16.28 Bn | 14.45 Bn |
| 5 | Fairfax Financial Holdings | 35.31 Bn | 35.31 Bn | - | -134.80 Mn |
| 6 | Cincinnati Financial | 26.75 Bn | 24.86 Bn | 2.39 Bn | 2.70 Bn |
| 7 | Loews | 23.29 Bn | 995.49 Mn | 2.57 Bn | 4.12 Bn |
| 8 | Markel | 23.23 Bn | 6.35 Bn | 2.83 Bn | 3.63 Bn |
| 9 | Assurant | 14.11 Bn | 12.08 Bn | 2.71 Bn | 3.08 Bn |
| 10 | Horace Mann Educators | 2.15 Bn | -3.66 Bn | 257.20 Mn | 394.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 394.50 Mn |
| Mar 31, 2026 | 82.00 Mn |
| Dec 31, 2025 | 91.30 Mn |
| Sep 30, 2025 | 367.00 Mn |
| Jun 30, 2025 | 82.20 Mn |
| Mar 31, 2025 | 76.90 Mn |
| Dec 31, 2024 | 1.25 Bn |
| Sep 30, 2024 | 369.40 Mn |
| Jun 30, 2024 | 383.50 Mn |
| Mar 31, 2024 | 353.00 Mn |
| Dec 31, 2023 | 355.70 Mn |
| Sep 30, 2023 | 365.10 Mn |
| Jun 30, 2023 | 372.00 Mn |
| Mar 31, 2023 | 345.80 Mn |
| Dec 31, 2022 | -737.00 Mn |
| Sep 30, 2022 | 319.20 Mn |
| Jun 30, 2022 | 351.90 Mn |
| Mar 31, 2022 | 321.70 Mn |
| Dec 31, 2021 | 245.80 Mn |
| Sep 30, 2021 | 310.60 Mn |