EX-11 6 a33118ex11.htm EXHIBIT 11
Exhibit 11
Horace Mann Educators Corporation
Computation of Net Income per Share (Unaudited)
For the Three Months Ended March 31, 2018 and 2017
($ in thousands, except per share data)

|  | Three Months Ended March 31,
|  | 2018 |  | 2017
Basic: |  |  |  |
Net income |  | $ | 20,155 |  |  | $ | 15,318 |
Weighted average number of common shares during the period (in thousands) |  | 41,497 |  |  | 41,135 |
Net income per share – basic |  | $ | 0.49 |  |  | $ | 0.37 |
Diluted: |  |  |  |
Net income |  | $ | 20,155 |  |  | $ | 15,318 |
Weighted average number of common shares during the period |  | 41,497 |  |  | 41,135 |
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities: |  |  |  |
Stock options |  | 115 |  |  | 195 |
Common stock units related to deferred compensation for employees |  | 25 |  |  | 29 |
Restricted common stock units related to incentive compensation |  | 16 |  |  | (17 | )
Total common and common equivalent shares adjusted to calculate diluted earnings per share |  | 41,653 |  |  | 41,342 |
Net income per share – diluted |  | $ | 0.48 |  |  | $ | 0.37 |