Horace Mann EducatorsHMN +2.34%73 Return-on-Tangible-Equity is 12.78% as of Mar. 2026, which is 33% above its 10-year median of 9.62. GuruFocus rates HMN with a GF Score™ of 73/100 and a GF Value™ of $43.28 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 500 Insurance companies, Horace Mann Educators ranks worse than 50.4% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Horace Mann Educators's annualized net income for the quarter that ended in Mar. 2026 was $165 Mil. Horace Mann Educators's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,289 Mil. Therefore, Horace Mann Educators's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.78%.
The historical rank and industry rank for Horace Mann Educators's Return-on-Tangible-Equity or its related term are showing as below:
HMN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.36 Med: 9.62 Max: 14.27
Current: 13.5
During the past 13 years, Horace Mann Educators's highest Return-on-Tangible-Equity was 14.27%. The lowest was 1.36%. And the median was 9.62%.
HMN's Return-on-Tangible-Equity is ranked worse than 50.4% of 500
companies
in the Insurance industry
Industry Median: 13.515
vs HMN: 13.50
Horace Mann Educators (NYSE:HMN) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Horace Mann Educators Return-on-Tangible-Equity Related Terms
Horace Mann Educators Return-on-Tangible-Equity Historical Data
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The historical data trend for Horace Mann Educators's Return-on-Tangible-Equity 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-Equity Chart
HMN vs STC, SLDE, HCI: Return-on-Tangible-Equity Comparison
For the Insurance - Property & Casualty subindustry, Horace Mann Educators's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, Horace Mann Educators's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Horace Mann Educators's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.78% mean?
Horace Mann Educators (HMN) has a Return-on-Tangible-Equity of 12.78% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Horace Mann Educators and its competitors. This is 33% above median its historical median of 9.62. Over the past decade, Horace Mann Educators' Return-on-Tangible-Equity has ranged from 1.36 to 14.27. According to the industry distribution chart, Horace Mann Educators ranks #252 out of 500 companies in the Insurance industry, placing it in the top 50.4%.
Is Horace Mann Educators' Return-on-Tangible-Equity too high?
Horace Mann Educators' current Return-on-Tangible-Equity of 12.78% is 33% above median its 10-year median of 9.62. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 14.27. The Insurance industry median Return-on-Tangible-Equity is 13.52. Horace Mann Educators' value of 12.78% is 5.4% below this industry median. Based on the distribution chart, Horace Mann Educators ranks #252 out of 500 companies in the Insurance industry, which is below the industry midpoint. Overall, Horace Mann Educators has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horace Mann Educators' Return-on-Tangible-Equity compare to STC and SLDE?
According to the Insurance industry distribution chart, Horace Mann Educators ranks #252 out of 500 companies for Return-on-Tangible-Equity. This places Horace Mann Educators in the lower half of its industry. The industry median Return-on-Tangible-Equity is 13.52. Horace Mann Educators' value of 12.78% is 5.4% below this benchmark. Historically, Horace Mann Educators' own Return-on-Tangible-Equity has ranged from 1.36 to 14.27 over the past decade. While the company's 10-year median is 9.62 vs. the industry median of 13.52, 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-Equity for an Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.52, based on 500 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 12.78% is 5.4% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Horace Mann Educators and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.52 — 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-Equity is 12.78%, which is 33% above median its own 10-year median of 9.62. 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 $43.28, compared to a current price of $53.85 — trading 24.4% above its estimated fair value. The current Return-on-Tangible-Equity is 12.78%, which is 33% above median its 10-year median of 9.62 and 5.4% below the Insurance industry median of 13.52. Horace Mann Educators' overall GF Score™ is 73/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Horace Mann Educators (HMN), the current Return-on-Tangible-Equity is 12.78% 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 $53.85 is trading 24.4% above its estimated GF Value™ of $43.28.
GuruFocus considers Horace Mann Educators to be Modestly Overvalued.
Key valuation signals for HMN:
Return-on-Tangible-Equity: 12.78% (33% above median its 10-year median of 9.62)
GF Value™: $43.28 vs. price of $53.85 (24.4% above fair value)
Industry Position: 5.4% below the Insurance median (#252 of 500)
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.
73GF Score
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