HMN: the cash flow

Cash Flow Overview

Change in Cash

$261,600K

Unit: Thousand (K) dollars

Positive Cash Flow Breakdown

Negative Cash Flow Breakdown

Cash Flow

2025-09-30

2025-06-30

Net income

58,300

67,600

Net investment gains (losses)

3,300

-9,200

Depreciation and intangible asset amortization

6,800

13,600

Share-based compensation expense

2,400

5,200

Loss (gain) from equity method investments, net of dividends or distributions

1,800

2,400

Insurance liabilities

27,800

75,900

Amounts due under reinsurance agreements

19,300

-21,100

Income tax liabilities

-7,400

8,100

Other operating assets and liabilities

-77,100

-86,200

Contributions to defined benefits plan

-300

-400

Other, net

-3,900

4,200

Net cash provided by operating activities

151,200

272,100

Fixed maturity securities purchases

466,100

446,500

Fixed maturity securities sales

153,100

129,900

Fixed maturity securities maturities, paydowns, calls and redemptions

164,400

314,300

Equity securities purchases

900

1,300

Equity securities sales, calls and repayments

16,100

6,300

Limited partnership interests purchases

11,900

33,600

Limited partnership interests sales

13,700

19,500

Change in short-term and other investments, net

-19,200

-65,300

Other-net

11,800

-4,700

Net cash used in investing activities

-162,600

-72,000

Dividends paid to shareholders

14,300

28,600

Proceeds from issuance of 2025 senior notes due 2030

296,000

Treasury stock acquired

6,800

7,100

Proceeds from exercise of stock options

3,900

1,400

Withholding tax payments on rsus tendered

1,300

2,100

Deposits

320,400

576,200

Benefits, withdrawals and net transfers to separate account variable annuity assets

142,000

309,800

Repayment of fhlb funding agreements

145,000

354,500

Life policy accounts deposits, withdrawals, and surrenders

4,100

8,200

Change in deposit asset on reinsurance

33,300

70,400

Net increase (decrease) in reverse repurchase agreements

-12,000

Change in book overdrafts

-8,700

1,400

Net cash provided by (used in) financing activities

273,000

-197,300

Net increase in cash and restricted cash

261,600

2,800

Cash and cash equivalents at beginning of period

38,100

Cash and cash equivalents at end of period

302,500

Time Plot

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Cash Flow Overview

Change in Cash

$261,600K

Unit: Thousand (K) dollars

Positive Cash Flow Breakdown

Negative Cash Flow Breakdown

Cash Flow

2025-09-30

2025-06-30

Net income

58,300

67,600

Net investment gains (losses)

3,300

-9,200

Depreciation and intangible asset amortization

6,800

13,600

Share-based compensation expense

2,400

5,200

Loss (gain) from equity method investments, net of dividends or distributions

1,800

2,400

Insurance liabilities

27,800

75,900

Amounts due under reinsurance agreements

19,300

-21,100

Income tax liabilities

-7,400

8,100

Other operating assets and liabilities

-77,100

-86,200

Contributions to defined benefits plan

-300

-400

Other, net

-3,900

4,200

Net cash provided by operating activities

151,200

272,100

Fixed maturity securities purchases

466,100

446,500

Fixed maturity securities sales

153,100

129,900

Fixed maturity securities maturities, paydowns, calls and redemptions

164,400

314,300

Equity securities purchases

900

1,300

Equity securities sales, calls and repayments

16,100

6,300

Limited partnership interests purchases

11,900

33,600

Limited partnership interests sales

13,700

19,500

Change in short-term and other investments, net

-19,200

-65,300

Other-net

11,800

-4,700

Net cash used in investing activities

-162,600

-72,000

Dividends paid to shareholders

14,300

28,600

Proceeds from issuance of 2025 senior notes due 2030

296,000

Treasury stock acquired

6,800

7,100

Proceeds from exercise of stock options

3,900

1,400

Withholding tax payments on rsus tendered

1,300

2,100

Deposits

320,400

576,200

Benefits, withdrawals and net transfers to separate account variable annuity assets

142,000

309,800

Repayment of fhlb funding agreements

145,000

354,500

Life policy accounts deposits, withdrawals, and surrenders

4,100

8,200

Change in deposit asset on reinsurance

33,300

70,400

Net increase (decrease) in reverse repurchase agreements

-12,000

Change in book overdrafts

-8,700

1,400

Net cash provided by (used in) financing activities

273,000

-197,300

Net increase in cash and restricted cash

261,600

2,800

Cash and cash equivalents at beginning of period

38,100

Cash and cash equivalents at end of period

302,500

Time Plot

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