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Schedule II Condensed Financial Information of Registrant | 12 Months Ended
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Dec. 31, 2019
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, 2019 and 2018 ($ in thousands, except share data)
|  | December 31,
|  | 2019 |  | 2018
ASSETS
Investments and cash |  | $ | 1,453 |  |  | $ | 5,255 |
Investment in subsidiaries |  | 1,901,725 |  |  | 1,473,538 |
Other assets |  | 62,442 |  |  | 66,138 |
Total assets |  | $ | 1,965,620 |  |  | $ | 1,544,931 |
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt |  | $ | 135,000 |  |  | $ | — |
Long-term debt |  | 248,025 |  |  | 247,740 |
Other liabilities |  | 15,310 |  |  | 6,641 |
Total liabilities |  | 398,335 |  |  | 254,381 |
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, 2019, 66,088,808; 2018, 65,820,369 |  | 66 |  |  | 66 |
Additional paid-in capital |  | 480,962 |  |  | 475,109 |
Retained earnings |  | 1,352,539 |  |  | 1,216,582 |
Accumulated other comprehensive income (loss), net of taxes: |  |  |  |  |  |
Net unrealized investment gains on securities |  | 230,448 |  |  | 96,941 |
Net funded status of benefit plans |  | (10,767 | ) |  | (12,185 | )
Treasury stock, at cost, 2019, 24,850,484 shares; 2018, 24,850,484 shares |  | (485,963 | ) |  | (485,963 | )
Total shareholders' equity |  | 1,567,285 |  |  | 1,290,550 |
Total liabilities and shareholders' equity |  | $ | 1,965,620 |  |  | $ | 1,544,931 |
See accompanying Note to Condensed Financial Statements. See accompanying Report of Independent Registered Public Accounting Firm. SCHEDULE II (continued) HORACE MANN EDUCATORS CORPORATION (Parent Company Only) CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF OPERATIONS ($ in thousands)
|  | Year Ended December 31,
|  | 2019 |  | 2018 |  | 2017
Revenues |  |  |  |  |  |  |  |  |
Net investment income |  | $ | (135 | ) |  | $ | 100 |  |  | $ | 34 |
Realized investment gains |  | — |  |  | — |  |  | — |
Total revenues |  | (135 | ) |  | 100 |  |  | 34 |
Expenses |  |  |  |  |  |
Interest expense |  | 14,272 |  |  | 11,892 |  |  | 11,835 |
Other |  | 12,632 |  |  | 10,898 |  |  | 5,101 |
Total expenses |  | 26,904 |  |  | 22,790 |  |  | 16,936 |
Loss before income tax benefit and equity in net earnings of subsidiaries |  | (27,039 | ) |  | (22,690 | ) |  | (16,902 | )
Income tax benefit |  | (6,029 | ) |  | (4,723 | ) |  | (6,667 | )
Loss before equity in net earnings of subsidiaries |  | (21,010 | ) |  | (17,967 | ) |  | (10,235 | )
Equity in net earnings of subsidiaries |  | 205,453 |  |  | 36,310 |  |  | 179,694 |
Net income |  | $ | 184,443 |  |  | $ | 18,343 |  |  | $ | 169,459 |
See accompanying Note to Condensed Financial Statements. See accompanying Report of Independent Registered Public Accounting Firm. SCHEDULE II (continued) HORACE MANN EDUCATORS CORPORATION (Parent Company Only) CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF CASH FLOWS ($ in thousands)
|  | Year Ended December 31,
|  | 2019 |  | 2018 |  | 2017
Cash flows from operating activities |  |  |  |  |  |  |  |  |
Net Income |  | $ | 184,443 |  |  | $ | 18,343 |  |  | $ | 169,459 |
Equity in net income of subsidiaries |  | (205,453 | ) |  | (36,310 | ) |  | (179,694 | )
Dividends received from subsidiaries |  | 363,250 |  |  | 61,000 |  |  | 56,900 |
Changes in: |  |  |  |  |  |
Income taxes |  | 3,369 |  |  | (4,939 | ) |  | (7,041 | )
Operating assets and liabilities |  | 8,310 |  |  | (1,792 | ) |  | (260 | )
Other |  | 686 |  |  | 13,804 |  |  | 9,861 |
Net cash provided by operating activities |  | 354,605 |  |  | 50,106 |  |  | 49,225 |
Cash flows from investing activities |  |  |  |  |  |
Net increase (decrease) in short-term investments |  | 3,336 |  |  | 1,621 |  |  | (2,338 | )
Acquisition of businesses |  | (444,124 | ) |  | — |  |  | — |
Net cash provided by (used in) investing activities |  | (440,788 | ) |  | 1,621 |  |  | (2,338 | )
Cash flows from financing activities |  |  |  |  |  |
Dividends paid to shareholders |  | (47,333 | ) |  | (46,689 | ) |  | (46,114 | )
Principal borrowings on senior revolving credit facility |  | 135,000 |  |  | — |  |  | — |
Acquisition of treasury stock |  | — |  |  | (5,088 | ) |  | (1,660 | )
Proceeds from exercise of stock options |  | 1,730 |  |  | 3,627 |  |  | 4,190 |
Withholding tax payments on RSUs tendered |  | (3,680 | ) |  | (3,165 | ) |  | (3,245 | )
Net cash provided by (used in) financing activities |  | 85,717 |  |  | (51,315 | ) |  | (46,829 | )
Net increase (decrease) in cash |  | (466 | ) |  | 412 |  |  | 58 |
Cash at beginning of period |  | 538 |  |  | 126 |  |  | 68 |
Cash at end of period |  | $ | 72 |  |  | $ | 538 |  |  | $ | 126 |
See accompanying Note to Condensed Financial Statements. See accompanying Report of Independent Registered Public Accounting Firm. SCHEDULE II (continued) 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.

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- 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -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 + Details
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