XML 282 R26.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Schedule II Condensed Financial Information of Registrant | 12 Months Ended
--- | ---
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Schedule II Condensed Financial Information of Registrant | HORACE MANN EDUCATORS CORPORATION (Parent Company Only) CONDENSED FINANCIAL INFORMATION OF REGISTRANT BALANCE SHEETS As of December 31, 2018 and 2017 ($ in thousands, except share data)
|  | December 31,
|  | 2018 |  | 2017
ASSETS
Investments and cash |  | $ | 5,255 |  |  | $ | 6,464 |
Investment in subsidiaries |  | 1,473,538 |  |  | 1,685,390 |
Other assets |  | 66,138 |  |  | 66,445 |
Total assets |  | $ | 1,544,931 |  |  | $ | 1,758,299 |
LIABILITIES AND SHAREHOLDERS' EQUITY
Long-term debt |  | $ | 247,740 |  |  | $ | 247,469 |
Other liabilities |  | 6,641 |  |  | 9,257 |
Total liabilities |  | 254,381 |  |  | 256,726 |
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, 2018, 65,820,369; 2017, 65,439,245 |  | 66 |  |  | 65 |
Additional paid-in capital |  | 475,109 |  |  | 464,246 |
Retained earnings |  | 1,216,582 |  |  | 1,231,177 |
Accumulated other comprehensive income (loss), net of taxes: |  |  |  |  |  |
Net unrealized investment gains on securities |  | 96,941 |  |  | 300,177 |
Net funded status of benefit plans |  | (12,185 | ) |  | (13,217 | )
Treasury stock, at cost, 2018, 24,850,484 shares; 2017, 24,721,372 shares |  | (485,963 | ) |  | (480,875 | )
Total shareholders' equity |  | 1,290,550 |  |  | 1,501,573 |
Total liabilities and shareholders' equity |  | $ | 1,544,931 |  |  | $ | 1,758,299 |
See accompanying Note to Condensed Financial Statements. See accompanying Report of Independent Registered Public Accounting Firm. HORACE MANN EDUCATORS CORPORATION (Parent Company Only) CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF OPERATIONS ($ in thousands)
|  | Year Ended December 31,
|  | 2018 |  | 2017 |  | 2016
Revenues |  |  |  |  |  |  |  |  |
Net investment income |  | $ | 100 |  |  | $ | 34 |  |  | $ | 20 |
Realized investment gains |  | — |  |  | — |  |  | — |
Total revenues |  | 100 |  |  | 34 |  |  | 20 |
Expenses |  |  |  |  |  |
Interest expense |  | 11,892 |  |  | 11,835 |  |  | 11,808 |
Other |  | 10,898 |  |  | 5,101 |  |  | 5,631 |
Total expenses |  | 22,790 |  |  | 16,936 |  |  | 17,439 |
Loss before income tax benefit and equity in net earnings of subsidiaries |  | (22,690 | ) |  | (16,902 | ) |  | (17,419 | )
Income tax benefit |  | (4,723 | ) |  | (6,667 | ) |  | (6,076 | )
Loss before equity in net earnings of subsidiaries |  | (17,967 | ) |  | (10,235 | ) |  | (11,343 | )
Equity in net earnings of subsidiaries |  | 36,310 |  |  | 179,694 |  |  | 95,108 |
Net income |  | $ | 18,343 |  |  | $ | 169,459 |  |  | $ | 83,765 |
See accompanying Note to Condensed Financial Statements. See accompanying Report of Independent Registered Public Accounting Firm. HORACE MANN EDUCATORS CORPORATION (Parent Company Only) CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF CASH FLOWS ($ in thousands)
|  | Year Ended December 31,
|  | 2018 |  | 2017 |  | 2016
Cash flows - operating activities |  |  |  |  |  |  |  |  |
Interest expense paid |  | $ | (11,892 | ) |  | $ | (11,503 | ) |  | $ | (11,754 | )
Income taxes recovered (paid) |  | (216 | ) |  | (373 | ) |  | 8,914 |
Cash dividends received from subsidiaries |  | 61,000 |  |  | 56,900 |  |  | 59,600 |
Other, net, including settlement of payables to subsidiaries |  | 1,214 |  |  | 4,201 |  |  | 581 |
Net cash provided by operating activities |  | 50,106 |  |  | 49,225 |  |  | 57,341 |
Cash flows - investing activities |  |  |  |  |  |
Net increase (decrease) in investments |  | 1,621 |  |  | (2,338 | ) |  | 9,161 |
Net cash provided by (used in) investing activities |  | 1,621 |  |  | (2,338 | ) |  | 9,161 |
Cash flows - financing activities |  |  |  |  |  |
Dividends paid to shareholders |  | (46,689 | ) |  | (46,114 | ) |  | (44,310 | )
Acquisition of treasury stock |  | (5,088 | ) |  | (1,660 | ) |  | (21,513 | )
Exercise of stock options |  | 3,627 |  |  | 4,190 |  |  | 3,329 |
Withholding tax payments on RSUs tendered |  | (3,165 | ) |  | (3,245 | ) |  | (4,015 | )
Net cash used in financing activities |  | (51,315 | ) |  | (46,829 | ) |  | (66,509 | )
Net increase (decrease) in cash |  | 412 |  |  | 58 |  |  | (7 | )
Cash at beginning of period |  | 126 |  |  | 68 |  |  | 75 |
Cash at end of period |  | $ | 538 |  |  | $ | 126 |  |  | $ | 68 |
See accompanying Note to Condensed Financial Statements. See accompanying Report of Independent Registered Public Accounting Firm. 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.

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration