EX-11 5 a33121ex11.htm EX-11
Exhibit 11
Horace Mann Educators Corporation
Computation of Net Income per Share (Unaudited)
For the Three Months Ended March 31, 2021 and 2020
(in millions, except per share data)

|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2021 |  | 2020
Basic: |  |  |  |  |  |  |  |
Net income |  |  |  |  |  | $ | 39.3 |  |  | $ | 18.5 |
Weighted average number of common shares during the period |  |  |  |  |  | 41.9 |  |  | 41.8 |
Net income per share – basic |  |  |  |  |  | $ | 0.94 |  |  | $ | 0.44 |
Diluted: |  |  |  |  |  |  |  |
Net income |  |  |  |  |  | $ | 39.3 |  |  | $ | 18.5 |
Weighted average number of common shares during the period |  |  |  |  |  | 41.9 |  |  | 41.8 |
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities: |  |  |  |  |  |  |  |
Stock options |  |  |  |  |  | 0.1 |  |  | 0.1 |
Common stock units related to deferred compensation for employees |  |  |  |  |  | — |  |  | — |
Restricted common stock units related to incentive compensation |  |  |  |  |  | 0.1 |  |  | 0.1 |
Total common and common equivalent shares adjusted to calculate diluted earnings per share |  |  |  |  |  | 42.1 |  |  | 42.0 |
Net income per share – diluted |  |  |  |  |  | $ | 0.93 |  |  | $ | 0.44 |