Horace Mann EducatorsHMN -0.49%69 Return-on-Tangible-Asset is 1.10% as of Mar. 2026, which is 18% above its 10-year median of 0.93. GuruFocus rates HMN with a GF Score™ of 69/100 and a GF Value™ of $43.41 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 509 Insurance companies, Horace Mann Educators ranks worse than 70.92% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Horace Mann Educators's annualizedNet Income for the quarter that ended in Mar. 2026 was $165 Mil. Horace Mann Educators's average total tangible assets for the quarter that ended in Mar. 2026 was $14,929 Mil. Therefore, Horace Mann Educators's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.10%.
The historical rank and industry rank for Horace Mann Educators's Return-on-Tangible-Asset or its related term are showing as below:
HMN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.15 Med: 0.93 Max: 1.59
Current: 1.12
During the past 13 years, Horace Mann Educators's highest Return-on-Tangible-Asset was 1.59%. The lowest was 0.15%. And the median was 0.93%.
HMN's Return-on-Tangible-Asset is ranked worse than 70.92% of 509
companies
in the Insurance industry
Industry Median: 2.74
vs HMN: 1.12
Horace Mann Educators (NYSE:HMN) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Horace Mann Educators Return-on-Tangible-Asset Related Terms
Horace Mann Educators Return-on-Tangible-Asset Historical Data
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The historical data trend for Horace Mann Educators's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Chart
HMN vs STC, SLDE, HCI: Return-on-Tangible-Asset Comparison
For the Insurance - Property & Casualty subindustry, Horace Mann Educators's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Horace Mann Educators's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Horace Mann Educators's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.10% mean?
Horace Mann Educators (HMN) has a Return-on-Tangible-Asset of 1.10% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Horace Mann Educators and its competitors. This is 18% above median its historical median of 0.93. Over the past decade, Horace Mann Educators' Return-on-Tangible-Asset has ranged from 0.15 to 1.59. According to the industry distribution chart, Horace Mann Educators ranks #361 out of 509 companies in the Insurance industry, placing it in the top 70.9%.
Is Horace Mann Educators' Return-on-Tangible-Asset too high?
Horace Mann Educators' current Return-on-Tangible-Asset of 1.10% is 18% above median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 1.59. The Insurance industry median Return-on-Tangible-Asset is 2.74. Horace Mann Educators' value of 1.10% is 59.9% below this industry median. Based on the distribution chart, Horace Mann Educators ranks #361 out of 509 companies in the Insurance industry, which is below the industry midpoint. Overall, Horace Mann Educators has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horace Mann Educators' Return-on-Tangible-Asset compare to STC and SLDE?
According to the Insurance industry distribution chart, Horace Mann Educators ranks #361 out of 509 companies for Return-on-Tangible-Asset. This places Horace Mann Educators in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.74. Horace Mann Educators' value of 1.10% is 59.9% below this benchmark. Historically, Horace Mann Educators' own Return-on-Tangible-Asset has ranged from 0.15 to 1.59 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 2.74, 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 Return-on-Tangible-Asset for an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.74, based on 509 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Horace Mann Educators's current Return-on-Tangible-Asset of 1.10% is 59.9% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Horace Mann Educators and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horace Mann Educators's current Return-on-Tangible-Asset is 1.10%, which is 18% above median its own 10-year median of 0.93. 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 $43.41, compared to a current price of $52.53 — trading 21% above its estimated fair value. The current Return-on-Tangible-Asset is 1.10%, which is 18% above median its 10-year median of 0.93 and 59.9% below the Insurance industry median of 2.74. Horace Mann Educators' overall GF Score™ is 69/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Horace Mann Educators (HMN), the current Return-on-Tangible-Asset is 1.10% 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 $52.53 is trading 21% above its estimated GF Value™ of $43.41.
GuruFocus considers Horace Mann Educators to be Modestly Overvalued.
Key valuation signals for HMN:
Return-on-Tangible-Asset: 1.10% (18% above median its 10-year median of 0.93)
GF Value™: $43.41 vs. price of $52.53 (21% above fair value)
Industry Position: 59.9% below the Insurance median (#361 of 509)
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.
69GF Score
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