Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share (Unaudited)

For the Three and Six Months Ended June 30, 2013 and 2012

(Amounts in thousands, except per share data)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
Basic – assumes no dilution:
Net income	$	25,995	$	13,103	$	53,007	$	39,774
Weighted average number of common
shares outstanding during the period		39,768		39,544		39,648		39,669
Net income per share – basic	$	0.65	$	0.33	$	1.34	$	1.00
Diluted – assumes full dilution:
Net income	$	25,995	$	13,103	$	53,007	$	39,774
Weighted average number of common
shares outstanding during the period		39,768		39,544		39,648		39,669
Weighted average number of common
equivalent shares to reflect the dilutive
effect of common stock
equivalent securities:
Stock options		420		229		378		214
Common stock units related to deferred
compensation for Directors		117		115		117		115
Common stock units related to deferred
compensation for Employees		112		117		112		117
Restricted common stock units related
to incentive compensation		978		1,299		964		1,299
Total common and common
equivalent shares adjusted to
calculate diluted earnings per share		41,395		41,304		41,219		41,414
Net income per share – diluted	$	0.63	$	0.32	$	1.29	$	0.96