Schedule I Summary of Investments-Other Than Investments in Related Parties

12 Months Ended

Dec. 31, 2018

HORACE MANN EDUCATORS CORPORATION

SUMMARY OF INVESTMENTS-OTHER THAN INVESTMENTS IN RELATED PARTIES

December 31, 2018

($ in thousands)



Type of Investments	Cost⁽¹⁾		Fair Value		Amount Shown in Balance Sheet
Fixed maturity securities
U.S. Government and federally sponsored agency obligations	$	1,269,767	$	1,283,622	$	1,283,622
States, municipalities and political subdivisions	1,884,313		2,003,969		2,003,969
Foreign government bonds	83,343		84,904		84,904
Public utilities	80,355		88,296		88,296
All other corporate bonds	1,956,111		1,973,314		1,973,314
Asset-backed securities	1,320,680		1,314,352		1,314,352
Residential mortgage-backed securities (non-agency)	85,484		85,253		85,253
Commercial mortgage-backed securities	676,218		663,707		663,707
Redeemable preferred stocks	17,640		17,901		17,901

Total fixed maturity securities	7,373,911		7,515,318		7,515,318

Equity securities
Industrial, miscellaneous and all other	25,452		25,452		25,452
Banking & finance and insurance companies	9,960		9,960		9,960
Public utilities	1,828		1,828		1,828
Non-redeemable preferred stocks	54,672		54,672		54,672
Closed-end fund	19,838		19,838		19,838

Total equity securities	111,750		111,750		111,750

Limited partnership interests	328,516		XXX		328,516
Short-term investments	122,222		XXX		122,222
Policy loans	153,994		XXX		153,994
Derivative instruments	7,820		$	2,647	2,647
Mortgage loans	2,730		XXX		2,730
Other	13,500		XXX		13,500

Total investments	$	8,114,443	XXX		$	8,250,677

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⁽¹⁾	Bonds at original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts and impairment in value of specifically identified investments.

See accompanying Report of Independent Registered Public Accounting Firm.