Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share (Unaudited)

For the Three and Nine Months Ended September 30, 2019 and 2018

($ in thousands, except per share data)

		Three Months Ended September 30,								Nine Months Ended September 30,
		2019				2018				2019				2018
Basic:
Net income		$	25,454			$	12,528			$	151,442			$	38,600
Weighted average number of common shares during the period (in thousands)		41,785				41,683				41,715				41,586
Net income per share – basic		$	0.61			$	0.30			$	3.63			$	0.93
Diluted:
Net income		$	25,454			$	12,528			$	151,442			$	38,600
Weighted average number of common shares during the period		41,785				41,683				41,715				41,586
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities:
Stock options		100				116				80				108
Common stock units related to deferred compensation for employees		—				25				—				25
Restricted common stock units related to incentive compensation		145				26				116				8
Total common and common equivalent shares adjusted to calculate diluted earnings per share		42,030				41,850				41,911				41,727
Net income per share – diluted		$	0.60			$	0.30			$	3.61			$	0.93