Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share (Unaudited)

For the Three Months Ended March 31, 2014 and 2013

(Amounts in thousands, except per share data)

	Three Months Ended
	March 31,
	2014		2013
Basic:
Net income	$	28,366	$	27,012
Weighted average number of common shares during the period		41,180		39,527
Net income per share – basic	$	0.69	$	0.68
Diluted:
Net income	$	28,366	$	27,012
Weighted average number of common shares during the period		41,180		39,527
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities:
Stock options		218		402
Common stock units related to deferred compensation for Directors		-		101
Common stock units related to deferred compensation for Employees		113		117
Restricted common stock units related to incentive compensation		748		941
Total common and common equivalent shares adjusted to calculate diluted earnings per share		42,259		41,088
Net income per share – diluted	$	0.67	$	0.66