Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share (Unaudited)

For the Three and Six Months Ended June 30, 2019 and 2018

($ in thousands, except per share data)

		Three Months Ended June 30,								Six Months Ended June 30,
		2019				2018				2019				2018
Basic:
Net income		$	93,822			$	5,917			$	125,988			$	26,072
Weighted average number of common shares during the period (in thousands)		41,762				41,600				41,685				41,531
Net income per share – basic		$	2.25			$	0.14			$	3.02			$	0.63
Diluted:
Net income		$	93,822			$	5,917			$	125,988			$	26,072
Weighted average number of common shares during the period		41,762				41,600				41,685				41,531
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities:
Stock options		61				115				64				109
Common stock units related to deferred compensation for employees		—				25				—				25
Restricted common stock units related to incentive compensation		98				(5		)		102				(6		)
Total common and common equivalent shares adjusted to calculate diluted earnings per share		41,921				41,735				41,851				41,659
Net income per share – diluted		$	2.24			$	0.14			$	3.01			$	0.63