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Combined Ratio % is a profitability metric of an insurance company to measure its performance in daily operations. It measures the money flowing out of an insurance company in the form of dividends, expenses, and losses.
Horace Mann Educators's Combined Ratio % for the quarter that ended in Jun. 2026 was 93.10%
, which is higher than
89.20% for the pervious quarter ended in Mar. 2026.
Horace Mann Educators's Combined Ratio % for the annual that ended in Dec. 2025 was 96.50%
, which is lower than
98.40% for the pervious year ended in Dec. 2024.
The historical rank and industry rank for Horace Mann Educators's Combined Ratio % or its related term are showing as below:
HMN's Combined Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Combined Ratio % only.
Horace Mann Educators (NYSE:HMN) Combined Ratio % Explanation
Combined Ratio % measures the money flowing out of an insurance company in the form of dividends, expenses and losses. A ratio below 100 percent suggests that the company is making an underwriting profit, while a ratio above 100 percent means that it paid more in the claim than it received. However, a ratio above 100 percent does not necessarily mean the company is losing money because the investment income is not included in the calculation.
Compared to Claims Ratio % and Expense Ratio %, the combined ratio is most important because it provides a comprehensive measure of an insurer's profitability.
Horace Mann Educators Combined Ratio % Related Terms
Horace Mann Educators Combined Ratio % Historical Data
* Premium members only.
The historical data trend for Horace Mann Educators's Combined Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HMN vs STC, PRCH, HCI: Combined Ratio % Comparison
For the Insurance - Property & Casualty subindustry, Horace Mann Educators's Combined Ratio %, along with its competitors' market caps and Combined Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Horace Mann Educators (NYSE:HMN) Combined Ratio % Calculation
Combined Ratio % is calculated as:
Combined Ratio %
=
( Incurred Losses
+
Expenses )
/
Earned Premium
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Frequently Asked Questions
What does a Combined Ratio % of 93.10% mean?
Horace Mann Educators (HMN) has a Combined Ratio % of 93.10% as of Jun. 2026. Combined Ratio measures the money flowing out of an insurance company in the form of dividends, expenses, and losses. View historical data on Horace Mann Educators and its competitors.
Is Horace Mann Educators' Combined Ratio % too high?
Horace Mann Educators' current Combined Ratio % is 93.10%. Overall, Horace Mann Educators has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Horace Mann Educators' Combined Ratio % compare to STC and PRCH?
Horace Mann Educators' Combined Ratio % of 93.10% can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Combined Ratio % for an Insurance company?
A good Combined Ratio % depends on the Insurance industry context. However, Combined Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Combined Ratio % mean?
A high Combined Ratio % can signal that a stock is expensive relative to its fundamentals. Combined Ratio measures the money flowing out of an insurance company in the form of dividends, expenses, and losses. View historical data on Horace Mann Educators and its competitors. Horace Mann Educators's current Combined Ratio % is 93.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horace Mann Educators stock overvalued right now?
Based on GuruFocus' analysis, Horace Mann Educators (HMN) is currently considered Fairly Valued. The stock's GF Value™ is $47.47, compared to a current price of $50.94 — trading 7.3% above its estimated fair value. The current Combined Ratio % is 93.10%. Horace Mann Educators' overall GF Score™ is 75/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Combined Ratio % calculated?
Combined Ratio % is calculated from a company's financial statements. For Horace Mann Educators (HMN), the current Combined Ratio % is 93.10% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Horace Mann Educators (HMN) Overvalued in 2026?
Based on GuruFocus' analysis, Horace Mann Educators stock appears to be overvalued.
The current stock price of $50.94 is trading 7.3% above its estimated GF Value™ of $47.47.
GuruFocus considers Horace Mann Educators to be Fairly Valued.
Key valuation signals for HMN:
Combined Ratio %: 93.10%
GF Value™: $47.47 vs. price of $50.94 (7.3% above fair value)
No single metric tells the full story. See the HMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horace Mann Educators Corp is a diversified insurance holding company that markets and underwrites personal lines of property and casualty insurance, retirement annuities, and life insurance. The company's property and casualty operations focus on automobile and homeowner insurance, while the retirement annuities are tax-qualified products. Horace Mann Educators markets its products to kindergarten through 12th-grade teachers, administrators, and other employees of public schools and their families. The Company conducts and manages its business in four reporting segments: (1) Property & Casualty, (2) Life & Retirement, (3) Supplemental & Group Benefits and (4) Corporate & Other.
75GF Score
Get the complete analysis for HMN
Combined Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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