Horace Mann Educators Corporation (HMN) — Tangible Net Worth Ratio
Horace Mann Educators Corporation (HMN) has a Tangible Net Worth Ratio of 66.3% as of December 2025. This metric is calculated by deducting intangible assets ($499.70 Million) from net assets ($1.48 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See how liquid is Horace Mann Educators Corporation's working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Horace Mann Educators Corporation Tangible Net Worth Ratio (1990–2025)
This chart shows how Horace Mann Educators Corporation's Tangible Net Worth Ratio has changed across 36 annual periods from 1990 to 2025. As of December 2025, the ratio stands at 66.3%, reflecting net assets of $1.48 Billion with intangible assets of $499.70 Million USD. See HMN defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Horace Mann Educators Corporation (1990–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Horace Mann Educators Corporation from 1990 to 2025, covering 36 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see HMN market cap overview.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 66.3% | $1.48 Billion | $499.70 Million | $15.27 Billion | ▼ -21.6 pp |
| 2024 | 87.9% | $1.29 Billion | $155.80 Million | $14.49 Billion | ▲ +2.4 pp |
| 2023 | 85.5% | $1.18 Billion | $170.30 Million | $14.05 Billion | ▲ +2.4 pp |
| 2022 | 83.1% | $1.10 Billion | $185.20 Million | $13.31 Billion | ▼ -8.8 pp |
| 2021 | 92.0% | $1.81 Billion | $145.40 Million | $14.38 Billion | ▲ +0.8 pp |
| 2020 | 91.1% | $1.79 Billion | $158.50 Million | $13.47 Billion | ▲ +2.5 pp |
| 2019 | 88.7% | $1.57 Billion | $177.22 Million | $12.48 Billion | ▲ +11.8 pp |
| 2018 | 76.9% | $1.29 Billion | $298.74 Million | $11.03 Billion | ▼ -6.0 pp |
| 2017 | 82.8% | $1.50 Billion | $257.83 Million | $11.20 Billion | ▲ +3.5 pp |
| 2016 | 79.3% | $1.29 Billion | $267.58 Million | $10.58 Billion | ▼ -0.7 pp |
| 2015 | 80.0% | $1.26 Billion | $253.18 Million | $10.06 Billion | ▼ -3.9 pp |
| 2014 | 83.9% | $1.34 Billion | $215.08 Million | $9.77 Billion | ▲ +6.2 pp |
| 2013 | 77.7% | $1.10 Billion | $245.35 Million | $8.83 Billion | ▼ -6.2 pp |
| 2012 | 83.9% | $1.22 Billion | $196.88 Million | $8.17 Billion | ▼ -11.6 pp |
| 2011 | 95.5% | $1.06 Billion | $47.40 Million | $7.44 Billion | ▲ +0.9 pp |
| 2010 | 94.6% | $880.01 Million | $47.40 Million | $7.01 Billion | ▲ +1.2 pp |
| 2009 | 93.4% | $719.54 Million | $47.40 Million | $6.34 Billion | ▼ -6.5 pp |
| 2008 | 100.0% | $448.85 Million | $223.00K | $5.62 Billion | ▲ +7.6 pp |
| 2007 | 92.4% | $693.28 Million | $52.78 Million | $6.30 Billion | ▲ +1.2 pp |
| 2006 | 91.2% | $657.08 Million | $57.92 Million | $6.38 Billion | ▲ +1.0 pp |
| 2005 | 90.2% | $650.45 Million | $63.72 Million | $5.91 Billion | ▲ +2.2 pp |
| 2004 | 88.0% | $576.21 Million | $68.92 Million | $5.47 Billion | ▲ +2.1 pp |
| 2003 | 85.9% | $530.50 Million | $74.66 Million | $4.95 Billion | ▲ +1.2 pp |
| 2002 | 84.8% | $528.84 Million | $80.56 Million | $4.51 Billion | ▲ +3.4 pp |
| 2001 | 81.3% | $459.20 Million | $85.79 Million | $4.46 Billion | ▲ +2.9 pp |
| 2000 | 78.4% | $427.99 Million | $92.26 Million | $4.42 Billion | ▲ +4.0 pp |
| 1999 | 74.5% | $400.14 Million | $102.10 Million | $4.25 Billion | ▼ -5.2 pp |
| 1998 | 79.6% | $496.62 Million | $101.10 Million | $4.40 Billion | ▲ +1.0 pp |
| 1997 | 78.7% | $505.97 Million | $108.00 Million | $4.13 Billion | ▲ +3.1 pp |
| 1996 | 75.5% | $484.40 Million | $118.60 Million | $3.86 Billion | ▲ +3.1 pp |
| 1995 | 72.4% | $470.20 Million | $129.80 Million | $3.66 Billion | ▲ +6.7 pp |
| 1994 | 65.7% | $412.00 Million | $141.50 Million | $3.29 Billion | ▼ -3.7 pp |
| 1993 | 69.3% | $429.90 Million | $131.90 Million | $3.15 Billion | ▲ +12.6 pp |
| 1992 | 56.7% | $357.10 Million | $154.70 Million | $2.89 Billion | ▲ +14.9 pp |
| 1991 | 41.8% | $304.50 Million | $177.20 Million | $2.70 Billion | ▲ +214.2 pp |
| 1990 | -172.3% | $71.60 Million | $195.00 Million | $2.54 Billion | — |