Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share (Unaudited)

For the Three and Nine Months Ended September 30, 2020 and 2019

($ in thousands, except per share data)

						Three Months Ended September 30,												Nine Months Ended September 30,
						2020						2019						2020						2019
Basic:
Net income						$	36,474					$	25,454					$	85,524					$	151,442
Weighted average number of common shares during the period (in thousands)						41,916						41,785						41,865						41,715
Net income per share – basic						$	0.87					$	0.61					$	2.04					$	3.63
Diluted:
Net income						$	36,474					$	25,454					$	85,524					$	151,442
Weighted average number of common shares during the period						41,916						41,785						41,865						41,715
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities:
Stock options						33						100						45						80
Common stock units related to deferred compensation for employees						—						—						—
Restricted common stock units related to incentive compensation						109						145						103						116
Total common and common equivalent shares adjusted to calculate diluted earnings per share						42,058						42,030						42,013						41,911
Net income per share – diluted						$	0.87					$	0.60					$	2.03					$	3.61