Horace Mann Educators Corp (NYSE: HMN) is an insurance holding company that provides insurance and financial products exclusively to educators and school employees. It makes money through premiums collected on property-casualty and life insurance policies and through fees and spread income on retirement and annuity products sold to the K-12 educator market. The company was founded in Springfield, Illinois in 1945 by two school teachers who sought to provide automobile insurance to association members, and it is incorporated in Delaware with headquarters in Springfield, Illinois and additional offices in Dallas, Texas, Madison, Wisconsin, and Cherry Hill, New Jersey. The educator-only customer focus creates a defined distribution channel through school districts and teacher associations, giving the company a concentrated niche position in the U.S. insurance and retirement market for public school employees.

Revenue model

Premiums from property-casualty and life insurance policies, plus fee and spread income from retirement and annuity products, all sold to K-12 educators and school employees.

Products and services

Automobile insurance, property-casualty insurance, life insurance, and retirement and annuity products targeted at educators. The company operates through multiple reporting segments as disclosed in the FY2025 10-K filed 2026-02-27.

Customers and end markets

K-12 public school educators and school employees in the United States. The company was founded to serve teacher association members and maintains that exclusive focus as of the FY2025 10-K filed 2026-02-27.

Value-chain role

Direct insurer and retirement product provider distributing through educator associations and school district relationships.

Geographic exposure

United States, headquartered in Springfield, Illinois, with corporate offices in Dallas, Texas, Madison, Wisconsin, and Cherry Hill, New Jersey, as of the 10-K filed 2026-02-27.

Source: SEC 10-K, filed 2026-02-27

Industry: Fire, Marine & Casualty Insurance Peers: American International Group Inc Assurant Inc Atlantic American Corp Hartford Insurance Group Inc