XML 53 R36.htm IDEA: XBRL DOCUMENT v3.6.0.2

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [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,
		2016			2015
Income tax (asset) liability
Current		$	(3,832)		$	1,000
Deferred			205,699			201,208

Summary of deferred tax assets and liabilities

The “temporary differences” that gave rise to the deferred tax balances were as follows:

		December 31,
		2016			2015
Deferred tax assets
Unearned premium reserve reduction		$	18,253		$	17,402
Compensation accruals			15,893			13,737
Impaired securities			8,214			7,635
Other comprehensive income - net funded status of pension
and other postretirement benefit obligations			6,387			6,375
Discounting of unpaid claims and claim expense tax reserves			2,463			3,213
Postretirement benefits other than pensions			578			664
Other, net			-			1,189
Total gross deferred tax assets			51,788			50,215
Deferred tax liabilities
Other comprehensive income - net unrealized gains
on fixed maturities and equity securities			112,311			112,934
Deferred policy acquisition costs			91,028			85,341
Life insurance future policy benefit reserve			33,145			30,177
Investment related adjustments			15,762			18,709
Intangible assets			4,262			4,262
Other, net			979			-
Total gross deferred tax liabilities			257,487			251,423
Net deferred tax liability		$	205,699		$	201,208

Income Taxes Expenses

The components of income tax expense were as follows:

		Year Ended December 31,
		2016			2015			2014
Current		$	26,359		$	29,885		$	32,295
Deferred			4,108			6,085			9,575
Total income tax expense		$	30,467		$	35,970		$	41,870

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,
		2016			2015			2014
Expected federal tax on income		$	39,981		$	45,308		$	51,140
Add (deduct) tax effects of:
Tax-exempt interest			(5,789)			(6,678)			(6,849)
Dividend received deduction			(3,985)			(3,564)			(3,566)
Other, net			260			904			1,145
Income tax expense provided on income		$	30,467		$	35,970		$	41,870

Unrecognized tax benefits, excluding interest and penalties

A reconciliation of the beginning and ending amounts of unrecognized tax benefits, excluding interest and penalties, is as follows:

		Year Ended December 31,
		2016			2015			2014
Balance as of the beginning of the year		$	1,039		$	656		$	641
Increases related to prior year tax positions			348			-			-
Decreases related to prior year tax positions			-			(15)			(244)
Increases related to current year tax positions			283			398			259
Settlements			-			-			-
Lapse of statue			(76)			-			-
Balance as of the end of the year		$	1,594		$	1,039		$	656

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

- References

No definition available.

+ 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=65882285&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=65882285&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=65882285&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=75116239&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=65882285&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration