Horace Mann Educators : Q1 2021 Investor Presentation

Q1 2021

Investor Presentation

May 5, 2021

Information as of March 31, 2021, unless otherwise noted

Safe Harbor Statement and Non-GAAP Measures

Certain statements made in this presentation should be considered forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. These statements are related to our intentions, beliefs, projections, estimations or forecasts of future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from those expressed or implied by the forward-looking statements. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as anticipate, estimate, expect, project, intend, plan, believe and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially.

Investors should consider the important risks and uncertainties that may cause such differences, including those risks discussed in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission (SEC). Our forward-looking statements speak only as of the date of this presentation or as of the date they were made, and we undertake no obligation to update those statements.

The historical and forward-looking financial information contained in this presentation includes measures (marked with * the first time they are presented within this document) that are not based on accounting principles generally accepted in the United States of America (non-GAAP) such as core earnings, core earnings per share, pretax reporting segment income excluding DAC unlocking, and book value per share excluding some components of accumulated other comprehensive income. An explanation of these measures is contained in the Glossary of Selected Terms included as Exhibit 99.1 in our most recent Form 10-K and Form 10-Q filed with the SEC and are reconciled to the most directly comparable measures prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) in the Appendix of the Investor Supplement available on our website at investors.horacemann.com.

2

Our Foundation: Financially sound company

with strong strategy for profitable growth

Longevity	Financial	Niche	Multiline
strength	market	model

•	Founded by	•	$13.7B in assets(1)	•	Educators have	•	Business mix
	Educators for	•	$1.4B in premium		preferred risk		balanced between
	Educators in 1945		and contract		profile		segments
•	Offering 403(b) tax-		deposits for 2020	•	Homogeneous	•	Ability to provide
	qualified annuities	•	$1.7B market		customer set		total household
	since 1961		capitalization(2)	•	Serving about half		solutions
•	NYSE listed (HMN)	• Highly rated by all		of school	•	Provides earnings
	since 1991		four major rating		locations(3) in our		diversification
			agencies		market footprint

Proud to be the largest multiline financial services company focused on America's educators

(1) As of March 31, 2021

(2) Based on stock price as of April 30, 20213

(3) Includes school buildings and administration locations

Driven by a noble mission

Mission

We listen to and understand educators and those who serve our

community. They are taking care of our children's future. We believe they deserve someone to look after theirs.

Vision

We aspire to be the company of choice to provide financial solutions for all educators and others who serve our communities - to help them protect what they have today and prepare for a successful tomorrow.

Value Proposition

We understand and solve the issues facing educators and others who serve the community, helping them achieve financial success to live better and retire happier.

4

Delivering value proposition for educator

customers by focusing on "PDI"

Serving K-12 Educator Market

Homogenous customer set with attractive risk profiles

Solutions orientation

addresses needs at every

life stage

Focused on "PDI"

Products

• Products designed to meet educators' needs and protect their unique risks

Distribution

• Knowledgeable, trusted distribution tailored to educator preferences

Infrastructure

• Modern, scalable infrastructure that is easy to do business with

Finding best solution to achieve long-term objectives

5