HMN (Horace Mann Educators) Dividend Payout Ratio: 0.36 (As of Mar. 2026) — 33% Below Median

What is Horace Mann Educators Dividend Payout Ratio?

Horace Mann Educators HMN +1.84% 76 Dividend Payout Ratio is 0.36 as of Mar. 2026, which is 33% below its 10-year median of 0.54. GuruFocus rates HMN with a GF Score™ of 76/100 and a GF Value™ of $43.20 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 335 Insurance companies, Horace Mann Educators ranks better than 52.54% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Horace Mann Educators's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.36.

The historical rank and industry rank for Horace Mann Educators's Dividend Payout Ratio or its related term are showing as below:

HMN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.35 Med: 0.54 Max: 1.68
Current: 0.35

During the past 13 years, the highest Dividend Payout Ratio of Horace Mann Educators was 1.68. The lowest was 0.35. And the median was 0.54.

HMN's Dividend Payout Ratio is ranked better than
52.54% of 335 companies
in the Insurance industry
Industry Median: 0.38 vs HMN: 0.35

As of today (2026-06-27), the Dividend Yield % of Horace Mann Educators is 2.75%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Horace Mann Educators was 4.56%. The lowest was 2.33%. And the median was 3.08%.

Horace Mann Educators's Dividends per Share for the months ended in Mar. 2026 was $0.36.

During the past 12 months, Horace Mann Educators's average Dividends Per Share Growth Rate was 2.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Horace Mann Educators was 32.20% per year. The lowest was -17.20% per year. And the median was 3.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Horace Mann Educators (NYSE:HMN) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Horace Mann Educators Dividend Payout Ratio Related Terms

Horace Mann Educators Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Horace Mann Educators's Dividend Payout 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.

Horace Mann Educators Dividend Payout Ratio Chart

Horace Mann Educators Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.35

0.66

0.76

0.55

0.36

Horace Mann Educators Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.38	0.49	0.25	0.40	0.36

HMN vs SKWD, HCI, STC: Dividend Payout Ratio Comparison

For the Insurance - Property & Casualty subindustry, Horace Mann Educators's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout 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 Dividend Payout Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Horace Mann Educators's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Horace Mann Educators's Dividend Payout Ratio falls into.

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76GF Score

Horace Mann Educators Corp HMN

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Horace Mann Educators Dividend Payout Ratio Calculation

Horace Mann Educators's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	1.4	/	3.9
	=	0.36

Horace Mann Educators's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.36	/	1
	=	0.36

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.36 mean?

Horace Mann Educators (HMN) has a Dividend Payout Ratio of 0.36 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Horace Mann Educators and its competitors. This is 33% below median its historical median of 0.54. Over the past decade, Horace Mann Educators' Dividend Payout Ratio has ranged from 0.35 to 1.68. According to the industry distribution chart, Horace Mann Educators ranks #159 out of 335 companies in the Insurance industry, placing it in the top 47.5%.

Is Horace Mann Educators' Dividend Payout Ratio too high?

Horace Mann Educators' current Dividend Payout Ratio of 0.36 is 33% below median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 1.68. The Insurance industry median Dividend Payout Ratio is 0.38. Horace Mann Educators' value of 0.36 is 5.3% below this industry median. Based on the distribution chart, Horace Mann Educators ranks #159 out of 335 companies in the Insurance industry, which is above the industry midpoint. Overall, Horace Mann Educators has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Horace Mann Educators' Dividend Payout Ratio compare to SKWD and HCI?

According to the Insurance industry distribution chart, Horace Mann Educators ranks #159 out of 335 companies for Dividend Payout Ratio. This puts Horace Mann Educators in the upper half of its industry. The industry median Dividend Payout Ratio is 0.38. Horace Mann Educators' value of 0.36 is 5.3% below this benchmark. Historically, Horace Mann Educators' own Dividend Payout Ratio has ranged from 0.35 to 1.68 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 0.38, Horace Mann Educators has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Insurance company?

The median Dividend Payout Ratio among Insurance companies is 0.38, based on 335 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Horace Mann Educators's current Dividend Payout Ratio of 0.36 is 5.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Horace Mann Educators and its competitors. For the Insurance industry, the median Dividend Payout Ratio is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horace Mann Educators's current Dividend Payout Ratio is 0.36, which is 33% below median its own 10-year median of 0.54. 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 Modestly Overvalued. The stock's GF Value™ is $43.20, compared to a current price of $51.60 — trading 19.4% above its estimated fair value. The current Dividend Payout Ratio is 0.36, which is 33% below median its 10-year median of 0.54 and 5.3% below the Insurance industry median of 0.38. Horace Mann Educators' overall GF Score™ is 76/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Horace Mann Educators (HMN), the current Dividend Payout Ratio is 0.36 as of Mar. 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 $51.60 is trading 19.4% above its estimated GF Value™ of $43.20. GuruFocus considers Horace Mann Educators to be Modestly Overvalued.

Key valuation signals for HMN:

Dividend Payout Ratio: 0.36 (33% below median its 10-year median of 0.54)
GF Value™: $43.20 vs. price of $51.60 (19.4% above fair value)
GF Score™: 76/100 with 8 warning signs
Industry Position: 5.3% below the Insurance median (#159 of 335)

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 Business Description

Industry Financial Services Insurance

Comparable Companies SKWD HCI STC SLDE KMPR PRA PRCH UFCS HGTY UVE CB PGR TSE:8766 TRV ALL HKSE:01339 HKSE:02328 TSE:8725 TSX:IFC TSE:8630

Address 1 Horace Mann Plaza, Springfield, IL, USA, 62715-0001

Website https://www.horacemann.com

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.

76GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$51.60

Price

$43.20

GF Value

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