Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share

For the Years Ended December 31, 2017, 2016 and 2015

(Amounts in thousands, except per share data)

		Year Ended December 31,
		2017				2016				2015
Basic:
Net income		$	169,459			$	83,765			$	93,482
Weighted average number of common shares during the period		41,365				41,158				41,915
Net income per share - basic		$	4.10			$	2.04			$	2.23
Diluted:
Net income		$	169,459			$	83,765			$	93,482
Weighted average number of common shares during the period		41,365				41,158				41,915
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities:
Stock options		112				100				158
Common stock units related to deferred compensation for employees		25				52				55
Restricted common stock units related to incentive compensation		63				166				297
Total common and common equivalent shares adjusted to calculate diluted earnings per share		41,565				41,476				42,425
Net income per share – diluted		$	4.08			$	2.02			$	2.20
Percentage of dilution compared to basic net income per share		0.5		%		1.0		%		1.3		%