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Condensed Financial Information of Registrant

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Registrant [Abstract]

Condensed Financial Information of Registrant

SCHEDULE II

HORACE MANN EDUCATORS CORPORATION

(Parent Company Only)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

BALANCE SHEETS

As of December 31, 2012 and 2011

(Dollars in thousands, except per share data)


	December 31,
	2012		2011
			As Adjusted
ASSETS

Investments and cash		$ 29,554		$ 18,772
Investment in subsidiaries		1,406,641		1,232,987
Other assets		52,223		48,696

Total assets		$1,488,418		$1,300,455

LIABILITIES AND SHAREHOLDERS’ EQUITY

Short-term debt		$ 38,000		$ 38,000
Long-term debt		199,809		199,744
Other liabilities		4,806		7,358

Total liabilities		242,615		245,102

Preferred stock, $0.001 par value, authorized 1,000,000 shares; none issued		-		-
Common stock, $0.001 par value, authorized 75,000,000 shares; issued, 2012, 62,311,787; 2011, 61,803,462		62		62
Additional paid-in capital		383,135		373,384
Retained earnings		921,969		840,644
Accumulated other comprehensive income (loss), net of taxes:
Net unrealized gains and losses on fixed maturities and equity securities		382,400		268,222
Net funded status of pension and other postretirement benefit obligations		(15,311)		(16,242)
Treasury stock, at cost, 2012, 22,943,925 shares; 2011, 22,028,030 shares		(426,452)		(410,717)

Total shareholders’ equity		1,245,803		1,055,353

Total liabilities and shareholders’ equity		$1,488,418		$1,300,455

See accompanying note to condensed financial statements.

See accompanying Report of Independent Registered Public Accounting Firm.

SCHEDULE II

HORACE MANN EDUCATORS CORPORATION

(Parent Company Only)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

STATEMENTS OF OPERATIONS

(Dollars in thousands)


	Year Ended December 31,
	2012				2011				2010
					As Adjusted				As Adjusted
Revenues
Net investment income		$	2			$	(3	)		$	18
Realized investment gains			-				-				232


Total revenues			2				(3	)			250


Expenses
Interest			14,249				14,007				13,953
Other			4,576				3,590				4,598


Total expenses			18,825				17,597				18,551


Loss before income taxes and equity in net earnings of subsidiaries			(18,823	)			(17,600	)			(18,301	)
Income tax benefit			(6,196	)			(8,197	)			(5,690	)

Loss before equity in net earnings of subsidiaries			(12,627	)			(9,403	)			(12,611	)
Equity in net earnings of subsidiaries			116,493				79,909				92,742


Net income		$	103,866			$	70,506			$	80,131

See accompanying note to condensed financial statements.

See accompanying Report of Independent Registered Public Accounting Firm.

SCHEDULE II

HORACE MANN EDUCATORS CORPORATION

(Parent Company Only)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

STATEMENTS OF CASH FLOWS

(Dollars in thousands)


	Year Ended December 31,
	2012				2011				2010
Cash flows – operating activities
Interest expense paid		$	(13,948	)		$	(13,515	)		$	(13,605	)
Federal income taxes (paid) recovered			(118	)			12,058				4,876
Cash dividends received from subsidiaries			50,000				26,000				44,000
Other, net			7,703				(10,012	)			359


Net cash provided by operating activities			43,637				14,531				35,630


Cash flows - investing activities
Net (increase) decrease in investments			(10,762	)			4,240				(1,641	)
Capital contributions to subsidiaries			-				-				(24,000	)


Net cash provided by (used in) investing activities			(10,762	)			4,240				(25,641	)


Cash flows - financing activities
Dividends paid to shareholders			(22,541	)			(18,990	)			(14,288	)
Acquisition of treasury stock			(15,735	)			(2,047	)			-
Exercise of stock options			5,421				2,127				4,167


Net cash used in financing activities			(32,855	)			(18,910	)			(10,121	)


Net increase (decrease) in cash			20				(139	)			(132	)
Cash at beginning of period			129				268				400


Cash at end of period		$	149			$	129			$	268

See accompanying note to condensed financial statements.

See accompanying Report of Independent Registered Public Accounting Firm.

SCHEDULE II

HORACE MANN EDUCATORS CORPORATION

(Parent Company Only)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

NOTE TO CONDENSED FINANCIAL STATEMENTS

The accompanying condensed financial statements should be read in conjunction with the Consolidated Financial Statements and the accompanying notes thereto.

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

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