EX-11 6 a63020ex11.htm EXHIBIT 11
Exhibit 11
Horace Mann Educators Corporation
Computation of Net Income per Share (Unaudited)
For the Three and Six Months Ended June 30, 2020 and 2019
($ in thousands, except per share data)

|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Basic: |  |  |  |  |  |  |  |
Net income |  | $ | 30,578 |  |  | $ | 93,822 |  |  | $ | 49,050 |  |  | $ | 125,988 |
Weighted average number of common shares during the period (in thousands) |  | 41,879 |  |  | 41,762 |  |  | 41,856 |  |  | 41,685 |
Net income per share – basic |  | $ | 0.73 |  |  | $ | 2.25 |  |  | $ | 1.17 |  |  | $ | 3.02 |
Diluted: |  |  |  |  |  |  |  |
Net income |  | $ | 30,578 |  |  | $ | 93,822 |  |  | $ | 49,050 |  |  | $ | 125,988 |
Weighted average number of common shares during the period |  | 41,879 |  |  | 41,762 |  |  | 41,856 |  |  | 41,685 |
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities: |  |  |  |  |  |  |  |
Stock options |  | 31 |  |  | 61 |  |  | 52 |  |  | 64 |
Common stock units related to deferred compensation for employees |  | — |  |  | — |  |  | — |  |  | — |
Restricted common stock units related to incentive compensation |  | 86 |  |  | 98 |  |  | 100 |  |  | 102 |
Total common and common equivalent shares adjusted to calculate diluted earnings per share |  | 41,996 |  |  | 41,921 |  |  | 42,008 |  |  | 41,851 |
Net income per share – diluted |  | $ | 0.73 |  |  | $ | 2.24 |  |  | $ | 1.17 |  |  | $ | 3.01 |