SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
ANNUAL REPORT PURSUANT TO SECTION 15 (d) OF THE
SECURITIES EXCHANGE ACT
OF 1934
(Mark One):
x
ANNUAL REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES
EXCHANGE ACT
OF 1934
For the fiscal year ended
December 31, 2007
.
OR
¨
TRANSITION REPORT PURSUANT TO
SECTION 15 [d] OF THE SECURITIES
EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from
to
Commission file number 1-10890
HORACE MANN SUPPLEMENTAL RETIREMENT AND SAVINGS PLAN
(Full title of the Plan)
HORACE
MANN EDUCATORS CORPORATION
1 Horace Mann Plaza, Springfield, Illinois 62715
Registrants telephone number, including area code:
(217) 789 - 2500
(Name, Address and Telephone Number of Issuer)
REQUIRED INFORMATION
Financial Statements:
Item 4. In lieu of the requirements of Items 1-3, audited statements and schedule are prepared in accordance with the
requirements of ERISA for the Plans fiscal years ended December 31, 2007 and 2006, and are presented on pages 3 through 12.
Horace Mann Service Corporation
Supplemental Retirement and Savings Plan
Financial Statements and Supplemental
Schedule
Years ended December 31, 2007 and 2006
with Report of Independent Registered Public Accounting Firm
Horace Mann Supplemental
Retirement and Savings Plan
Financial Statements
and Supplemental Schedule
Years ended December 31, 2007 and 2006
Contents
Report of Independent Registered Public Accounting Firm
Pension Committee and The Board of Directors
Horace Mann Educators
Corporation
We have audited the accompanying statements of net assets available for benefits of the Horace Mann Supplemental Retirement and Savings Plan
(the Plan) as of December 31, 2007 and 2006, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plans management. Our
responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the
Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred
to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2007 and 2006, and the changes in net assets available for benefits for the years then ended, in conformity with U.S.
generally accepted accounting principles.
Our 2007 audit was performed for the purpose of forming an opinion on the 2007 basic financial statements taken
as a whole. The supplemental schedule, Schedule H, Line 4i Schedule of Assets (Held at End of Year) as of December 31, 2007, is presented for the purpose of additional analysis and is not a required part of the 2007 basic financial
statements, but is supplementary information required by the Department of Labors Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of
the Plans management. The supplemental schedule has been subjected to the auditing procedures applied in the audit of the 2007 basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the 2007
basic financial statements taken as a whole.
|
|
/s/ KPMG LLP
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|
Chicago, Illinois
June 27,
2008
|
1
Horace Mann Supplemental Retirement and Savings Plan
Statements of Net Assets Available for Benefits
December 31, 2007 and 2006
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|
|
|
|
|
|
|
|
2007
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|
2006
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Assets
|
|
|
|
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Investments:
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|
|
|
|
|
|
Group Annuity Contract:
|
|
|
|
|
|
|
Mutual funds, at fair value
|
|
$
|
75,199,315
|
|
$
|
70,981,075
|
Fixed fund, at contract value
|
|
|
42,079,337
|
|
|
40,479,628
|
Horace Mann Educators Corporation Common Stock, at fair value
|
|
|
5,966,824
|
|
|
6,958,176
|
Participant loans
|
|
|
3,060,349
|
|
|
2,510,541
|
Cash and Accrued Income
|
|
|
792,988
|
|
|
494,790
|
|
|
|
|
|
|
|
Total assets
|
|
|
127,098,813
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|
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121,424,210
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|
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Liabilities
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Accrued administrative expenses
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76,023
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|
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85,961
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|
|
|
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Net assets available for benefits
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$
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127,022,790
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$
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121,338,249
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|
|
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See accompanying notes to financial statements.
2
Horace Mann Supplemental Retirement and Savings Plan
Statements of Changes in Net Assets Available for Benefits
Years ended December 31, 2007 and 2006
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2007
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2006
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Additions to net assets attributed to:
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Investment income:
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|
|
|
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Net realized and unrealized appreciation of investments
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$
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4,615,506
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|
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$
|
8,942,252
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|
Dividends and interest
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2,239,969
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|
|
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2,027,961
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|
|
|
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|
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6,855,475
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10,970,213
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|
Contributions:
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Employer
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3,817,244
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3,751,687
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Employees
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7,846,446
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7,430,472
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Total additions
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18,519,165
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22,152,372
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Deductions from net assets attributed to:
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Withdrawals by participants
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(12,587,398
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)
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(10,257,235
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)
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Administrative fees
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(247,226
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)
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(410,749
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)
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Total deductions
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(12,834,624
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)
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(10,667,984
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)
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Net increase during year
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5,684,541
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11,484,388
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Net assets available for benefits
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Beginning of year
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121,338,249
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109,853,861
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End of year
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$
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127,022,790
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|
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$
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121,338,249
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See accompanying notes to financial statements.
3
Horace Mann Supplemental Retirement and Savings Plan
Notes to Financial Statements
December 31, 2007 and 2006
(1) General Plan Information
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(a)
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Description of the Plan
|
The Horace Mann
Supplemental Retirement and Savings Plan (the Plan) is sponsored by Horace Mann Service Corporation (HMSC) which is a wholly owned subsidiary of Horace Mann Educators Corporation (HMEC). HMSC and HMEC are collectively referred to as the
Company. The following brief description of the Plan is provided for general information purposes. Readers should refer to the actual Plan document or the employee summary plan description for additional information.
The Plan is a defined-contribution plan covering all employees of the Company. It is subject to the provisions of the Employee Retirement Income Security
Act of 1974 (ERISA), as amended.
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(b)
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Contributions and Vesting
|
Participating
employees may elect to contribute up to 20% of eligible compensation, including salary, overtime, commissions, and certain incentive bonuses on a before-tax basis to one or more of twenty five available investment options. Participant contributions
and earnings thereon are fully vested at all times.
The total pre-tax contributions by participant were limited to $15,500 in 2007 and
$15,000 in 2006. The limit will be subject to adjustments to reflect increases in the cost of living pursuant to Section 402(g) of the Internal Revenue Code. Participating employees who reached age 50 or older during the Plan year have the
opportunity to make pretax, catch-up contributions subject to federal limits, which were $5,000 in both 2007 and 2006.
Prior to
January 1, 2002, the Company contributed an amount equal to 50% of the first 6% of eligible compensation contributed by participating employees. Employer contributions and earnings thereon vested 20% for each year of service, with full vesting
occurring after five years of service. Company match contributions made prior to January 1, 2002 are 100% vested as of January 1, 2007. In addition, employer contributions generally became fully vested in the event of disability or death.
Forfeitures of nonvested employer contributions were used to reduce future Company matching contributions, reinstate balances for rehires, and pay expenses.
Effective January 1, 2002, the Plan became a safe harbor Plan. In compliance with the safe harbor, the Company contributes 3% of eligible compensation to every employee. The 3% Company
contribution is 100% vested at the time the contribution is made and is participant-directed.
Effective January 1, 2007, all
contributions are 100% vested.
In accordance with the Omnibus Budget Reconciliation Act of 1993, eligible compensation for purposes of
contributions was limited to $225,000 and $220,000 in 2007 and 2006, respectively.
Horace Mann Supplemental Retirement and Savings Plan
Notes to Financial Statements
December 31,
2007 and 2006
|
(c)
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Participant Accounts and Benefits
|
Each
participants account is credited with the participants contribution, the Companys contribution, an allocation of Plan investment earnings and charged with an allocation of administrative expenses. The benefit to which a given
participant is entitled is the benefit that can be provided from that participants vested account. A participant subaccount is maintained in each of the investment funds in which a participant chooses to invest. There were 2,532 and 2,689
participants at December 31, 2007 and 2006, respectively.
Except for participant
loans, all Plan assets are in a Master Trust held by The Northern Trust Quantitative Advisors, Inc. The Master Trust also includes the specifically identified assets of the HMSC Money Purchase Pension Plan. At both December 31, 2007 and 2006,
the assets of the Plan represent 48% of the total assets in the Master Trust. The assets of the Plan are participant-directed investments and are deposited in a Horace Mann Life Insurance Company (HMLIC) Group Annuity Contract (Fixed Account),
mutual funds, or HMEC Common Stock.
Five new Wilshire lifecycle funds were added to the trust on October 1, 2007. Lifecycle funds
asset allocations are tied to an individuals age and expected retirement age.
Horace Mann Supplemental Retirement and Savings Plan
Notes to Financial Statements
December 31,
2007 and 2006
The following presents investments held at December 31, 2007 and 2006:
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Description of investment
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2007
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2006
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Mutual funds:
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|
|
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Wilshire VIT Equity Fund HM Shares*
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|
$
|
11,914,714
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|
13,280,014
|
Wilshire VIT Balanced Fund HM Shares*
|
|
|
7,443,688
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|
8,118,536
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Fidelity VIP Mid Cap Portfolio*
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|
|
7,187,774
|
|
6,346,312
|
Wilshire VIT Small Cap Growth Fund HM Shares
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|
|
5,663,592
|
|
5,032,729
|
T. Rowe Price Small Cap Value Fund
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|
|
4,976,306
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|
5,758,473
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Fidelity VIP Overseas Portfolio
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|
|
4,750,689
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|
2,768,535
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Fidelity VIP Growth Portfolio
|
|
|
4,557,116
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|
2,456,883
|
Wilshire VIT International Equity Fund HM Shares
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|
|
4,474,536
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|
4,527,024
|
Wilshire 5000 Index Portfolio
|
|
|
4,299,230
|
|
4,078,223
|
Wilshire VIT Socially Responsible Fund HM Shares
|
|
|
4,266,874
|
|
4,826,948
|
Wilshire Large Company Growth Portfolio
|
|
|
4,196,775
|
|
3,303,501
|
T. Rowe Price Small Cap Stock Fund
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|
|
2,717,488
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|
2,861,597
|
Wells Fargo Advantage Opportunity Fund
|
|
|
2,067,303
|
|
1,921,325
|
Davis Value Portfolio
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|
|
1,760,813
|
|
1,748,939
|
Wilshire VIT Income Fund HM Shares
|
|
|
1,366,819
|
|
1,369,921
|
Putnam VT Vista Fund
|
|
|
940,018
|
|
1,228,149
|
J.P. Morgan U.S. Large Cap Core Equity Portfolio
|
|
|
872,444
|
|
866,926
|
Wilshire VIT Short-Term Investment Fund HM Shares
|
|
|
647,893
|
|
487,040
|
Wilshire VIT Variable Ins Tr 2035 Moderate Fund
|
|
|
278,289
|
|
|
Wilshire VIT Variable Ins Tr 2010 Moderate Fund
|
|
|
255,737
|
|
|
Wilshire VIT Variable Ins Tr 2025 Moderate Fund
|
|
|
247,811
|
|
|
Wilshire VIT Variable Ins Tr 2045 Moderate Fund
|
|
|
214,795
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|
|
Wilshire VIT Variable Ins Tr 2015 Moderate Fund
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|
|
98,611
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|
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|
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|
Total mutual funds
|
|
|
75,199,315
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|
70,981,075
|
HMLIC Fixed Account*
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|
|
42,079,337
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|
40,479,628
|
Horace Mann Educators Corporation Common Stock
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|
|
5,966,824
|
|
6,958,176
|
|
|
|
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|
|
|
|
$
|
123,245,476
|
|
118,418,879
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*Represents 5% or more of the Plans net assets held at year end.
(e)
|
Transfers and Withdrawals
|
Participants may
transfer all or a portion of their account balance between the various investment funds on a daily basis. Participant withdrawals (as allowed under the Plan) are permitted on a weekly basis.
Horace Mann Supplemental Retirement and Savings Plan
Notes to Financial Statements
December 31,
2007 and 2006
Effective October 1, 2002,
participants may borrow a minimum of $1,000 up to a maximum of 50% of their vested account balance but no more than $50,000. The minimum term for a loan is 12 months and the maximum is 60 months (180 months for primary residence loans).
Participants may have up to two active loans at one time. A $65 loan administration fee is deducted from the participants loan proceeds. Loans totaling $3,060,349 and $2,510,541 from 346 and 338 active participants were outstanding at
December 31, 2007 and 2006, respectively. Interest rates charged on loans ranged from 5.00% to 9.25%.
Although it has not expressed
any intent to do so, the Company has the right to terminate the Plan at any time, subject to the provisions of ERISA.
Amounts that are
forfeited relate to the Companys pre-January 1, 2002 matching contributions and any investment gains on those amounts and are used to offset the Companys future contributions, reinstate balances for rehires, and pay expenses.
Forfeitures of $283 and $3,794 were recorded for the years ended December 31, 2007 and 2006, respectively.
|
(i)
|
Recent Accounting Changes
|
As of
December 31, 2006, the Plan adopted Financial Accounting Standards Board (FASB) Staff Position FSP AAG INV-1 and Statement of Position No. 94-4-1, Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain Investment
Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans (the FSP). There was no material impact to the Plans financial statements or disclosures.
(2) Summary of Significant Accounting Policies
The accompanying
financial statements have been prepared using the accrual basis of accounting.
|
(b)
|
Investment Valuation and Income Recognition
|
The Plans investments are stated at fair value. Quoted market prices are used to value investments in common stock. Shares of mutual funds are valued at the net asset value of shares held by the Plan at year-end. Investments in the
fixed fund are stated at contract value, which approximates fair value. Purchases and sales of securities are recorded on a trade-date basis. Participant loans are valued at the unpaid principal balance, which approximates fair value. Interest and
dividend income is recorded as earned on an accrual basis.
|
(c)
|
Net Appreciation in Fair Value of Investments
|
In the statements of changes in net assets available for benefits, the Plan presents the net appreciation (depreciation) in the fair value of its investments which consists of realized gains or losses and the unrealized appreciation
(depreciation) on those investments.
Horace Mann Supplemental Retirement and Savings Plan
Notes to Financial Statements
December 31,
2007 and 2006
The Plan pays all Plan
administrative expenses, consisting primarily of recordkeeping, trustee, audit, and legal fees. All investment fees have been included in the quarterly performance gains or losses reported for individual Plan funds.
Benefit payments are
recorded when paid.
The preparation of the
Plans financial statements in conformity with U.S. generally accepted accounting principles requires the Plan administrator to make estimates and assumptions that affect the reported amounts of net assets available for benefits at the date of
the financial statements and the changes in net assets available for benefits during the reporting period. Actual results could differ from those estimates.
|
(g)
|
Risks and Uncertainties
|
The Plan provides
for investments in mutual funds and Horace Mann Educator Corporation common stock. Investment securities are exposed to various risks including, but not limited to, interest rate, market and credit risks. Due to the level of risk associated with
certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants account balances and the amounts reported in
the statements of net assets available for benefits.
HMLIC Group Annuity Contract (Fixed
Account and Mutual Funds)
Within the HMLIC Group
Annuity Contract plan, participants may invest in a fixed interest rate fund. Plan assets invested in this fixed interest rate fund are guaranteed by HMLIC and, as a result, are presented in the financial statements at contract value. Contract value
represents contributions made under the contract, plus interest at the contract rate, less withdrawals by participants. The fair value of the group annuity contract is approximately equal to contract value at December 31, 2007 and 2006.
The actual credited interest rate on the group annuity contract was 4.50% for the years ended December 31, 2007 and 2006. The minimum
guaranteed annual interest rate per the group annuity contract is 4.50%. The actual credited interest rate may be reset by HMLIC with 30 days advance notice.
Horace Mann Supplemental Retirement and Savings Plan
Notes to Financial Statements
December 31,
2007 and 2006
Participants may invest in
twenty three mutual fund options. Mutual funds are stated at fair value, as determined by quoted market prices.
The investments of the
underlying mutual funds are primarily common stocks, U.S. government and corporate bonds, and short-term commercial paper. Short-term commercial paper is presented at cost, which approximates fair value.
|
(c)
|
Appreciation (Depreciation)
|
The Plans
investments (including realized gains and losses on investments bought and sold, as well as held during the year) appreciated (depreciated) in value during 2007 and 2006 as follows:
|
|
|
|
|
|
|
|
|
|
2007
|
|
|
2006
|
Mutual funds
|
|
$
|
5,008,358
|
|
|
$
|
8,444,885
|
Common stock
|
|
|
(392,852
|
)
|
|
|
497,367
|
|
|
|
|
|
|
|
|
|
|
$
|
4,615,506
|
|
|
$
|
8,942,252
|
|
|
|
|
|
|
|
|
Horace Mann Supplemental Retirement and Savings Plan
Notes to Financial Statements
December 31,
2007 and 2006
Total annual returns for each of the mutual funds were as follows:
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|
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|
|
|
|
|
|
2007
|
|
|
2006
|
|
|
|
(Unaudited)
|
|
Mutual funds:
|
|
|
|
|
|
|
Wilshire VIT Equity Fund HM Shares
|
|
1.80
|
%
|
|
16.40
|
%
|
Wilshire VIT Balanced Fund HM Shares
|
|
2.60
|
|
|
11.10
|
|
Fidelity VIP Mid Cap Portfolio
|
|
14.90
|
|
|
11.90
|
|
Wilshire VIT Small Cap Growth Fund HM Shares
|
|
13.40
|
|
|
10.80
|
|
T. Rowe Price Small Cap Value Fund
|
|
(0.70
|
)
|
|
15.50
|
|
Fidelity VIP Overseas Portfolio
|
|
16.60
|
|
|
17.30
|
|
Fidelity VIP Growth Portfolio
|
|
26.20
|
|
|
6.10
|
|
Wilshire VIT International Equity Fund HM Shares
|
|
8.10
|
|
|
23.20
|
|
Wilshire 5000 Index Portfolio
|
|
4.50
|
|
|
14.10
|
|
Wilshire VIT Socially Responsible Fund HM Shares
|
|
(3.00
|
)
|
|
20.00
|
|
Wilshire Large Company Growth Portfolio
|
|
16.30
|
|
|
4.90
|
|
T. Rowe Price Small Cap Stock Fund
|
|
(2.40
|
)
|
|
12.00
|
|
Wells Fargo Advantage Oppportunity Fund
|
|
6.20
|
|
|
11.70
|
|
Davis Value Portfolio
|
|
4.20
|
|
|
14.50
|
|
Wilshire VIT Income Fund HM Shares
|
|
3.80
|
|
|
3.50
|
|
Putnam VT Vista Fund
|
|
3.40
|
|
|
5.00
|
|
J.P. Morgan U.S. Large Cap Core Equity Portfolio
|
|
1.20
|
|
|
16.10
|
|
Wilshire VIT Short-Term Investment Fund HM Shares
|
|
4.40
|
|
|
4.70
|
|
Wilshire VIT Variable Ins Tr 2035 Moderate Fund*
|
|
(3.58
|
)
|
|
|
|
Wilshire VIT Variable Ins Tr 2010 Moderate Fund*
|
|
(1.48
|
)
|
|
|
|
Wilshire VIT Variable Ins Tr 2025 Moderate Fund*
|
|
(2.30
|
)
|
|
|
|
Wilshire VIT Variable Ins Tr 2045 Moderate Fund*
|
|
(4.85
|
)
|
|
|
|
Wilshire VIT Variable Ins Tr 2015 Moderate Fund*
|
|
(1.35
|
)
|
|
|
|
* Return is for the three months the fund was in existence
Horace Mann Supplemental Retirement and Savings Plan
Notes to Financial Statements
December 31,
2007 and 2006
The Plans HMEC
Common Stock at December 31, 2007 and 2006 consisted of 315,038 shares and 344,464 shares, respectively, of HMEC common stock, which is traded on the New York Stock Exchange under the symbol HMN. This investment is presented in the financial
statements at fair value with a quoted market price at December 31, 2007 and 2006 of $18.94 and $20.20 per share, respectively.
Total
annual returns for investments in the HMEC Common Stock were as follows:
|
|
|
|
|
1 Year
|
|
Since inception
(November 1991)
|
2007
|
|
2006
|
|
(4.25)%
|
|
8.99%
|
|
6.58%
|
The Plan has received a
determination letter from the Internal Revenue Service (IRS) dated August 21, 2003, stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the Code), and, therefore, the related trust is exempt from
taxation. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The Plan administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and,
therefore, believes that the Plan, as amended, is qualified and the related trust is tax exempt.
(5)
|
Related Party Transactions
|
Investment options
available to Plan participants include investments in the common stock of the Plan sponsors parent, HMEC, and investments in annuity contracts guaranteed by HMLIC, a subsidiary of HMEC.
The Parent provides staffing, building space, and supplies at no cost to the Plan.
Supplemental Schedule
EIN: 37-0972590
Plan: 004
Horace Mann Supplemental Retirement and Savings Plan
Schedule H, Line 4i Schedule of Assets (Held at End of Year)
December 31, 2007
|
|
|
|
|
|
Number
of Shares
or Units
|
|
Description of Investment
|
|
Contract or
Fair Value
|
|
|
Mutual Funds:
|
|
|
|
415,332
|
|
Wilshire VIT Equity Fund-HM Shares
|
|
$
|
11,914,714
|
295,896
|
|
Wilshire VIT Balanced Fund-HM Shares
|
|
|
7,443,688
|
154,422
|
|
Fidelity VIP Mid Cap Portfolio
|
|
|
7,187,774
|
343,129
|
|
Wilshire VIT Small Cap Growth Fund- HM Shares
|
|
|
5,663,592
|
92,045
|
|
T. Rowe Price Small Cap Value Fund
|
|
|
4,976,306
|
142,776
|
|
Fidelity VIP Overseas Portfolio
|
|
|
4,750,689
|
93,660
|
|
Fidelity VIP Growth Portfolio
|
|
|
4,557,116
|
240,797
|
|
Wilshire VIT International Equity Fund- HM Shares
|
|
|
4,474,536
|
315,864
|
|
Wilshire 5000 Index Portfolio
|
|
|
4,299,230
|
197,239
|
|
Wilshire VIT Socially Responsible Fund- HM Shares
|
|
|
4,266,874
|
94,822
|
|
Wilshire Large Company Growth Portfolio
|
|
|
4,196,775
|
59,883
|
|
T. Rowe Price Small Cap Stock Fund
|
|
|
2,717,488
|
50,778
|
|
Wells Fargo Advantage Opportunity Fund
|
|
|
2,067,303
|
109,078
|
|
Davis Value Portfolio
|
|
|
1,760,813
|
69,292
|
|
Wilshire VIT Income Fund-HM Shares
|
|
|
1,366,819
|
53,603
|
|
Putnam VT Vista Fund
|
|
|
940,018
|
52,112
|
|
J.P. Morgan U.S. Large Cap Core Equity Portfolio
|
|
|
872,444
|
50,024
|
|
Wilshire VIT Short-Term Investment Fund- HM Shares
|
|
|
647,893
|
25,101
|
|
Wilshire VIT Variable Ins Tr 2035 Moderate Fund
|
|
|
278,289
|
23,339
|
|
Wilshire VIT Variable Ins Tr 2010 Moderate Fund
|
|
|
255,737
|
22,362
|
|
Wilshire VIT Variable Ins Tr 2025 Moderate Fund
|
|
|
247,811
|
19,442
|
|
Wilshire VIT Variable Ins Tr 2045 Moderate Fund
|
|
|
214,795
|
8,922
|
|
Wilshire VIT Variable Ins Tr 2015 Moderate Fund
|
|
|
98,611
|
|
|
|
|
|
|
|
|
|
|
|
Total mutual funds
|
|
|
75,199,315
|
|
|
|
N/A
|
|
HMLIC Fixed Account*
|
|
|
42,079,337
|
|
|
|
315,038
|
|
Horace Mann Educators Corporation Common Stock*
|
|
|
5,966,824
|
|
|
|
|
|
Participant loans (524 loans, interest rates ranging from
5.00% to 9.25%, maturing January 15, 2008 to
October 31, 2022)
|
|
|
3,060,349
|
|
|
|
|
|
|
|
|
|
|
$
|
126,305,825
|
|
|
|
|
|
|
*Represents a party-in-interest.
See accompanying report of independent registered public accounting firm.
12
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Pension Plan Committee of the Horace Mann Supplemental Retirement and Savings Plan has duly caused this annual report to be signed on its behalf
by the undersigned hereunto duly authorized.
|
|
|
|
|
|
|
|
|
Date 27 June 2008
|
|
|
|
HORACE MANN SUPPLEMENTAL RETIREMENT
AND
SAVINGS PLAN
|
|
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Bret A. Conklin
|
|
|
|
|
|
|
|
|
Bret A. Conklin
|
|
|
|
|
|
|
|
|
Senior Vice President and Controller
|
13
EXHIBIT
23.
|
Consent of Independent Registered Public Accounting Firm
|
14
Horace Mann Educators (NYSE:HMN)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Horace Mann Educators (NYSE:HMN)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024