Horace Mann Educators (HMN) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for May 14, 2025, via virtual webcast, with shareholders able to vote online, by phone, or by mail.

• Key proposals: election of nine directors, advisory vote on executive compensation, and ratification of KPMG LLP as auditor for 2025.

• 2024 financial highlights: net income of $102.8M, core earnings of $132.1M, 7% revenue growth, and 24.1% total shareholder return.

• Shareholder dividend increased for the 17th consecutive year; $55.6M returned to shareholders in 2024.

Voting matters and shareholder proposals

• Shareholders will vote on electing nine directors, approving executive compensation (say-on-pay), and ratifying KPMG LLP as auditor.

• Board recommends voting FOR all proposals.

• No other shareholder proposals were received by the deadline.

Board of directors and corporate governance

• Board consists of nine members, eight of whom are independent, with a one-year term and majority vote standard.

• Board committees: Audit, Compensation, Executive, Investment & Finance, and Nominating & Governance.

• Board Chair is independent; annual board and director evaluations are conducted.

• Board refreshment policy restricts directors over 75 from standing for election without special circumstances.

• Board diversity includes gender and ethnic representation.