Summer 2026

Actuarial Intern

Posted on 8/25/2025

Horace Mann

Horace Mann

1,001-5,000 employees

Insurance and financial planning for educators

Compensation Overview

$26/hr

Springfield, IL, USA

Hybrid

Hybrid role: must travel weekly to the Springfield, IL office per schedule.

Category
Finance & Banking (1)
Requirements
  • Currently pursuing a Bachelor’s degree in actuarial science, finance, economics, statistics, mathematics, business, or related field.
  • A minimum of one (1) Actuarial exam through either the Society of Actuaries (SOA) or the Casualty Actuary Society (CAS) must be completed.
  • Strong proficiency in statistical analysis.
  • Expertise in MS Excel and other programs to be utilized daily.
  • Exceptional abilities in the analytical space to analyze data, interpret trends, and make sound recommendations.
  • Savvy with programming language R in conjunction with tools like Excel to modify and analyze actuarial reports.
  • Compelling written and verbal communication skills are essential for presenting findings, collaborating with team members, and explaining complex concepts to stakeholders.
  • Detail-oriented and organized to prioritize work and time effectively.
  • Being open to growth and learning new skills is an essential piece of the mentality we cultivate in cohesion with our customers - America’s Educators!
Responsibilities
  • You'll work with large datasets to analyze insurance claims, policyholder information, and other relevant data.
  • Using statistical software like Excel or R, you’ll put your expertise to use to clean, organize, and analyze data sets.
  • Actively participate in various department and project-focused meetings, engage and contribute ideas, and gain exposure to cross-functional collaboration.
  • Learn to assess risks associated with insurance policies and understand how to price them accordingly.
  • Support your fellow Actuaries in various tasks such as calculating insurance premiums, determining reserves, and assessing risk levels for different insurance products.
  • Gain an understanding of the various insurance products offered by Horace Mann and their specific actuarial considerations
  • At times, you’ll assist in developing and updating financial models that predict future trends in insurance claims and financial outcomes to understand the impact of different variables.
  • Develop a comprehensive perspective of the field by shadowing seasoned actuaries, participating in industry events and webinars, and connecting with professionals at Horace Mann.

Horace Mann specializes in insurance and financial solutions tailored for educators and community service professionals. It offers auto, home, renters, and life insurance, plus retirement planning and investment services, serving about 1 million educators in the United States. Its products work by selling individual and group insurance policies funded through premiums, and by providing financial planning services to help teachers and staff manage retirement and investments; it also supports educators through initiatives like DonorsChoose. The company differentiates itself by focusing on a niche market—education professionals—with deep knowledge of their financial needs, strong ratings from agencies, and efforts to support the education community, including data security with end-to-end encryption. Horace Mann's goal is to help educators and community service professionals achieve lifelong financial success through tailored insurance and financial solutions.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Springfield, Illinois

Founded

1945

Simplify Jobs

Simplify's Take

What believers are saying

  • Q1 2026 core EPS hit $1.28, up 20% year-over-year with life sales rising 17%.
  • Property & Casualty combined ratio improved to 83.3% in Q1 2026 from lower catastrophes.
  • Madison National acquisition in 2022 triples group benefits sales through 2026.

What critics are saying

  • September 2025 data breach exposes SSNs of 172,000 Massachusetts customers to lawsuits.
  • Cigna launches educator supplemental insurance March 15, 2026, at 25% lower premiums.
  • Vanguard's January 2026 robo-advisor shifts $500M educator assets by 2027.

What makes Horace Mann unique

  • Horace Mann exclusively targets K-12 educators with tailored auto, home, and life insurance.
  • Catalyst AI platform launched January 29, 2025, automates agent marketing for educators.
  • Student Loan Solutions tool identifies $28.8 million in forgiveness for educators since 2024.

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Benefits

Remote Work Options

Hybrid Work Options

Company News

Yahoo Finance
Feb 4th, 2026
HMN misses revenue target despite 6.3% growth, warns favourable catastrophe trends unlikely to repeat

Horace Mann Educators reported Q4 revenue of $434.8 million, missing analyst estimates of $446.2 million despite 6.3% year-on-year growth. Adjusted earnings per share of $1.21 beat expectations by 2.8%. The educator-focused insurance company expanded its distribution network by over 15% and increased brand awareness amongst educators to 35% from below 10%. Individual supplemental sales surged nearly 40% year on year, whilst group benefits sales rose 33%. Operating margin declined to 10.5% from 11.8% the previous year. Management reported over $10 million in annualised savings from expense optimisation initiatives, including technology investments and pension plan termination. CEO Marita Zuraitis noted all segments meet or exceed profitability targets, though management cautioned that favourable catastrophe loss trends are unlikely to repeat. The company completed 2026 reinsurance renewal with expanded coverage at flat annual cost.

Yahoo Finance
Feb 3rd, 2026
Horace Mann Educators misses Q4 revenue estimates despite 6.3% growth to $435M

Horace Mann Educators, an insurance company specialising in products for educators and public service employees, reported fourth-quarter revenues of $434.8 million, missing analyst estimates of $446.2 million despite 6.3% year-on-year growth. The company's non-GAAP earnings of $1.21 per share beat expectations by 2.8%. The insurer's book value per share reached $36.47, falling short of analyst projections of $40.58. Founded in 1945, Horace Mann generates revenue through insurance underwriting, investment income from premiums, and administrative fees. Whilst the company's annualised revenue growth of 6.8% over two years exceeds its five-year trend of 5.3%, overall performance remains below sector standards. Net premiums earned comprise 71.2% of total revenue over the past five years. The company's market capitalisation stands at $1.83 billion.

Business Wire
Feb 3rd, 2026
Horace Mann posts record core earnings of $196M as property & casualty combined ratio improves 8 points

Horace Mann Educators Corporation reported full-year 2025 net income of $162 million, or $3.90 per share, with record core earnings of $196 million, or $4.71 per share. Fourth-quarter net income reached $0.87 per share, with core earnings of $1.21 per share. Total revenue increased nearly 7% for the year and over 6% for the quarter, whilst net premiums and contract charges earned rose more than 7% annually and 5% quarterly. The Property & Casualty segment's combined ratio improved by over 8 percentage points to 89.7% for the full year. The company, which focuses on providing financial services to America's educators, reported adjusted book value of $40.21 per share at year-end. Management attributed the strong performance to lower catastrophe losses and solid underlying results across all segments.

Yahoo Finance
Feb 1st, 2026
Horace Mann Educators shares gain 19.7% over 12 months, but valuations diverge sharply

Horace Mann Educators has gained 1.6% in one day and 4.9% over the past week, with shares trading at $44.81. The stock has delivered a 19.7% total return over the past year, though year-to-date performance remains weak. With annual revenue of $1.68 billion and net income of $164.1 million, analysts' consensus fair value sits at $50.67, suggesting the stock is undervalued. The bullish case highlights the company's expansion into supplemental and group benefits, growing sales force, and new partnerships with brands like Crayola, which are driving record supplemental sales growth and revenue diversification. However, a discounted cash flow model estimates fair value at just $24.88 per share, suggesting the stock may be overvalued. Key risks include concentration in the educator niche and potential catastrophe losses affecting margins.

MarketBeat
Mar 14th, 2025
Proficio Capital Partners LLC Makes New $428,000 Investment in Horace Mann Educators Co. (NYSE:HMN)

Proficio Capital Partners LLC makes new $428,000 Investment in Horace Mann Educators Co. (NYSE:HMN).

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