Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share (Unaudited)

For the Three and Nine Months Ended September 30, 2013 and 2012

(Amounts in thousands, except per share data)

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Basic – assumes no dilution:
Net income	$	23,599	$	32,266	$	76,606	$	72,040
Weighted average number of common
shares outstanding during the period		40,001		39,381		39,767		39,572
Net income per share – basic	$	0.59	$	0.82	$	1.93	$	1.82
Diluted – assumes full dilution:
Net income	$	23,599	$	32,266	$	76,606	$	72,040
Weighted average number of common
shares outstanding during the period		40,001		39,381		39,767		39,572
Weighted average number of common
equivalent shares to reflect the dilutive
effect of common stock
equivalent securities:
Stock options		459		244		356		210
Common stock units related to deferred
compensation for Directors		117		111		117		111
Common stock units related to deferred
compensation for Employees		111		117		111		117
Restricted common stock units related
to incentive compensation		1,044		1,285		1,012		1,285
Total common and common
equivalent shares adjusted to
calculate diluted earnings per share		41,732		41,138		41,363		41,295
Net income per share – diluted	$	0.57	$	0.78	$	1.85	$	1.74