XML 111 R34.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Income Taxes [Abstract] |
Summary of income tax assets and liabilities | The income tax assets and liabilities included in Other Assets and Other Liabilities, respectively, in the Consolidated Balance Sheets were as follows:
|  | December 31, |
|  |  | 2013 |  |  | 2012 |
Income tax (asset) liability |  |  |  |  |  |  |
Current |  | $ | (1,998) |  | $ | 4,575 |
Deferred |  |  | 163,213 |  |  | 286,726 |
Summary of deferred tax assets and liabilities | The “temporary differences” that gave rise to the deferred tax balances were as follows:
|  | December 31, |
|  |  | 2013 |  |  | 2012 |
Deferred tax assets |  |  |  |  |  |  |
Unearned premium reserve reduction |  | $ | 15,555 |  | $ | 14,952 |
Compensation accruals |  |  | 13,188 |  |  | 13,592 |
Other comprehensive income – net funded status of pension and other postretirement benefit obligations |  |  | 6,376 |  |  | 8,352 |
Discounting of unpaid claims and claim expenses tax reserves |  |  | 4,747 |  |  | 4,825 |
Postretirement benefits other than pensions |  |  | 2,048 |  |  | 2,333 |
Impaired securities |  |  | 1,800 |  |  | 1,268 |
Total gross deferred tax assets |  |  | 43,714 |  |  | 45,322 |
Deferred tax liabilities |  |  |  |  |  |  |
Other comprehensive income – net unrealized gains on fixed maturities and equity securities |  |  | 81,497 |  |  | 228,159 |
Deferred policy acquisition costs |  |  | 80,159 |  |  | 62,411 |
Life insurance future policy benefit reserve |  |  | 21,792 |  |  | 18,620 |
Investment related adjustments |  |  | 18,317 |  |  | 15,375 |
Intangible assets |  |  | 4,262 |  |  | 4,262 |
Other, net |  |  | 900 |  |  | 3,221 |
Total gross deferred tax liabilities |  |  | 206,927 |  |  | 332,048 |
Net deferred tax liability |  | $ | 163,213 |  | $ | 286,726 |
Income Taxes Expenses | The components of income tax expense were as follows:
|  | Year Ended December 31, |
|  | 2013 |  | 2012 |  | 2011 |
Current |  | $ | 31,610 |  | $ | 26,331 |  | $ | 18,211 |
Deferred |  |  | 11,563 |  |  | 18,976 |  |  | 6,201 |
Total income tax expense |  | $ | 43,173 |  | $ | 45,307 |  | $ | 24,412 |
Income Taxes Expenses Reconciliation | Income tax expense for the following periods differed from the expected tax computed by applying the federal corporate tax rate of 35% to income before income taxes as follows:
|  | Year Ended December 31, |
|  | 2013 |  | 2012 |  | 2011 |
Expected federal tax on income |  | $ | 53,923 |  | $ | 52,210 |  | $ | 33,221 |
Add (deduct) tax effects of: |  |  |  |  |  |  |  |  |  |
Tax-exempt interest |  |  | (6,829) |  |  | (6,836) |  |  | (7,072) |
Dividend received deduction |  |  | (3,382) |  |  | (2,132) |  |  | (2,010) |
Other, net |  |  | (539) |  |  | 2,065 |  |  | 273 |
Income tax expense provided on income |  | $ | 43,173 |  | $ | 45,307 |  | $ | 24,412 |
Unrecognized tax benefits, excluding interest and penalties | A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows:
|  | Year Ended December 31, |
|  | 2013 |  | 2012 |  | 2011 |
Balance as of the beginning of the year |  | $ | - |  | $ | - |  | $ | 38 |
Additions based on tax positions related to the current year |  |  | 641 |  |  | - |  |  | - |
Settlements in tax positions for prior years |  |  | - |  |  | - |  |  | (38) |
Balance as of the end of the year |  | $ | 641 |  | $ | - |  | $ | - |
Summary of Interest and penalties | Interest and penalties were as follows:
|  | Year Ended December 31, |
|  | 2013 |  | 2012 |  | 2011 |
Interest and penalties expense (benefit), net of releases of previous provisions, recognized in the Consolidated Statements of Operations: |  |  |  |  |  |  |  |  |  |
Gross |  | $ | - |  | $ | 468 |  | $ | (279) |
Net of tax |  |  | - |  |  | 304 |  |  | (181) |
|  | December 31, |
|  | 2013 |  | 2012 |
Interest and penalties (asset) liability included in Other Assets or Other Liabilities in the Consolidated Balance Sheets |  | $ | 1 |  | $ | 307 |

X
- Definition Schedule of income tax assets liabilities. + References No definition available. + Details
Name: | hmn_ScheduleOfIncomeTaxAssetsLiabilitiesTableTextBlock
Namespace Prefix: | hmn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration