EX-11 4 a63021ex11.htm EX-11
Exhibit 11
Horace Mann Educators Corporation
Computation of Net Income per Share (Unaudited)
For the Three and Six Months Ended June 30, 2021 and 2020
(in millions, except per share data)

|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Basic: |  |  |  |  |  |  |  |
Net income |  | $ | 46.7 |  |  | $ | 30.5 |  |  | $ | 86.0 |  |  | $ | 49.0 |
Weighted average number of common shares during the period |  | 42.0 |  |  | 41.9 |  |  | 42.0 |  |  | 41.9 |
Net income per share – basic |  | $ | 1.11 |  |  | $ | 0.73 |  |  | $ | 2.05 |  |  | $ | 1.17 |
Diluted: |  |  |  |  |  |  |  |
Net income |  | $ | 46.7 |  |  | $ | 30.5 |  |  | $ | 86.0 |  |  | $ | 49.0 |
Weighted average number of common shares during the period |  | 42.0 |  |  | 41.9 |  |  | 42.0 |  |  | 41.9 |
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities: |  |  |  |  |  |  |  |
Stock options |  | — |  |  | — |  |  | 0.1 |  |  | — |
Common stock units related to deferred compensation for employees |  | — |  |  | — |  |  | — |  |  | — |
Restricted common stock units related to incentive compensation |  | 0.1 |  |  | 0.1 |  |  | — |  |  | 0.1 |
Total common and common equivalent shares adjusted to calculate diluted earnings per share |  | 42.1 |  |  | 42.0 |  |  | 42.1 |  |  | 42.0 |
Net income per share – diluted |  | $ | 1.11 |  |  | $ | 0.73 |  |  | $ | 2.04 |  |  | $ | 1.17 |