Horace Mann Educators annual debt-to-equity ratio
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2025
Horace Mann Educators Debt-to-Equity Ratio Growth & History (HMN)
Horace Mann Educators's debt-to-equity ratio was 0.40 for fiscal 2025.
View full Horace Mann Educators company overviewHorace Mann Educators annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.40 | −0.02 | −5.80% |
| 2024 | 2024-12-31 | 0.42 | −0.04 | −8.55% |
| 2023 | 2023-12-31 | 0.46 | 0.00 | +0.01% |
| 2022 | 2022-12-31 | 0.46 | 0.12 | +35.84% |
| 2021 | 2021-12-31 | 0.34 | 0.09 | +35.76% |
| 2020 | 2020-12-31 | 0.25 | −0.04 | −12.37% |
| 2019 | 2019-12-31 | 0.29 | 0.06 | +24.60% |
| 2018 | 2018-12-31 | 0.23 | 0.03 | +16.46% |
| 2017 | 2017-12-31 | 0.20 | 0.01 | +3.70% |
| 2016 | 2016-12-31 | 0.19 | −0.00 | −2.17% |
| 2015 | 2015-12-31 | 0.20 | 0.02 | +9.69% |
| 2014 | 2014-12-31 | 0.18 | −0.04 | −17.72% |
| 2013 | 2013-12-31 | 0.22 | 0.03 | +13.36% |
| 2012 | 2012-12-31 | 0.19 | −0.03 | −15.26% |
| 2011 | 2011-12-31 | 0.23 | −0.01 | −4.43% |
| 2010 | 2010-12-31 | 0.24 | — | — |
Horace Mann Educators quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.40 | −0.01 | −1.77% |
| Q1 2026 | 2026-03-31 | 0.40 | −0.00 | −0.87% |
| Q4 2025 | 2025-12-31 | 0.40 | −0.02 | −5.80% |
| Q3 2025 | 2025-09-30 | 0.58 | 0.16 | +37.67% |
| Q2 2025 | 2025-06-30 | 0.40 | −0.05 | −10.97% |
| Q1 2025 | 2025-03-31 | 0.41 | −0.04 | −9.62% |
| Q4 2024 | 2024-12-31 | 0.42 | −0.04 | −8.55% |
| Q3 2024 | 2024-09-30 | 0.42 | −0.09 | −18.22% |
| Q2 2024 | 2024-06-30 | 0.45 | 0.00 | +0.01% |
| Q1 2024 | 2024-03-31 | 0.45 | 0.01 | +3.14% |
| Q4 2023 | 2023-12-31 | 0.46 | 0.00 | +0.01% |
| Q3 2023 | 2023-09-30 | 0.52 | 0.06 | +13.96% |
| Q2 2023 | 2023-06-30 | 0.45 | 0.04 | +8.71% |
| Q1 2023 | 2023-03-31 | 0.44 | 0.07 | +17.53% |
| Q4 2022 | 2022-12-31 | 0.46 | 0.12 | +35.84% |
| Q3 2022 | 2022-09-30 | 0.46 | 0.24 | +110.72% |
| Q2 2022 | 2022-06-30 | 0.42 | 0.19 | +82.67% |
| Q1 2022 | 2022-03-31 | 0.37 | 0.11 | +43.96% |
| Q4 2021 | 2021-12-31 | 0.34 | 0.09 | +35.76% |
| Q3 2021 | 2021-09-30 | 0.22 | −0.04 | −15.11% |
| Q2 2021 | 2021-06-30 | 0.23 | −0.04 | −14.62% |
| Q1 2021 | 2021-03-31 | 0.26 | −0.03 | −11.85% |
| Q4 2020 | 2020-12-31 | 0.25 | −0.04 | −12.37% |
| Q3 2020 | 2020-09-30 | 0.25 | −0.03 | −10.88% |
| Q2 2020 | 2020-06-30 | 0.27 | 0.06 | +28.43% |
| Q1 2020 | 2020-03-31 | 0.29 | 0.07 | +33.89% |
| Q4 2019 | 2019-12-31 | 0.29 | 0.06 | +24.60% |
| Q3 2019 | 2019-09-30 | 0.29 | 0.06 | +25.29% |
| Q2 2019 | 2019-06-30 | 0.21 | −0.01 | −5.80% |
| Q1 2019 | 2019-03-31 | 0.22 | 0.01 | +3.35% |
| Q4 2018 | 2018-12-31 | 0.23 | 0.03 | +16.46% |
| Q3 2018 | 2018-09-30 | 0.23 | 0.05 | +28.27% |
| Q2 2018 | 2018-06-30 | 0.22 | 0.04 | +21.36% |
| Q1 2018 | 2018-03-31 | 0.21 | 0.02 | +13.23% |
| Q4 2017 | 2017-12-31 | 0.20 | 0.01 | +3.70% |
| Q3 2017 | 2017-09-30 | 0.18 | 0.01 | +3.97% |
| Q2 2017 | 2017-06-30 | 0.18 | 0.01 | +4.16% |
| Q1 2017 | 2017-03-31 | 0.19 | 0.00 | +1.17% |
| Q4 2016 | 2016-12-31 | 0.19 | −0.00 | −2.17% |
| Q3 2016 | 2016-09-30 | 0.17 | −0.01 | −5.99% |
| Q2 2016 | 2016-06-30 | 0.17 | −0.01 | −4.28% |
| Q1 2016 | 2016-03-31 | 0.18 | 0.02 | +9.54% |
| Q4 2015 | 2015-12-31 | 0.20 | 0.02 | +9.69% |
| Q3 2015 | 2015-09-30 | 0.18 | −0.00 | −1.42% |
| Q2 2015 | 2015-06-30 | 0.18 | −0.00 | −1.78% |
| Q1 2015 | 2015-03-31 | 0.17 | −0.03 | −15.01% |
| Q4 2014 | 2014-12-31 | 0.18 | −0.04 | −17.72% |
| Q3 2014 | 2014-09-30 | 0.18 | −0.03 | −15.42% |
| Q2 2014 | 2014-06-30 | 0.19 | −0.03 | −13.76% |
| Q1 2014 | 2014-03-31 | 0.20 | 0.01 | +5.36% |
| Q4 2013 | 2013-12-31 | 0.22 | 0.03 | +13.36% |
| Q3 2013 | 2013-09-30 | 0.22 | 0.03 | +13.17% |
| Q2 2013 | 2013-06-30 | 0.21 | 0.01 | +3.39% |
| Q1 2013 | 2013-03-31 | 0.19 | 0.01 | +2.74% |
| Q4 2012 | 2012-12-31 | 0.19 | −0.03 | −15.26% |
| Q3 2012 | 2012-09-30 | 0.19 | −0.00 | −1.05% |
| Q2 2012 | 2012-06-30 | 0.21 | −0.01 | −6.34% |
| Q1 2012 | 2012-03-31 | 0.18 | — | — |
| Q4 2011 | 2011-12-31 | 0.23 | −0.00 | −0.72% |
| Q3 2011 | 2011-09-30 | 0.19 | — | — |
| Q2 2011 | 2011-06-30 | 0.22 | — | — |
| Q4 2010 | 2010-12-31 | 0.23 | — | — |
Horace Mann Educators debt-to-equity ratio trends
Over the last five fiscal years, Horace Mann Educators's debt-to-equity ratio increased from 0.25 to 0.40, a change of 0.15. The latest reported quarter, Q2 2026, shows 0.40.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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