Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share (Unaudited)

For the Three and Six Months Ended June 30, 2014 and 2013

(Amounts in thousands, except per share data)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Basic:
Net income	$	20,452	$	25,995	$	48,818	$	53,007
Weighted average number of common
shares during the period		41,432		39,768		41,343		39,648
Net income per share – basic	$	0.49	$	0.65	$	1.18	$	1.34
Diluted:
Net income	$	20,452	$	25,995	$	48,818	$	53,007
Weighted average number of common
shares during the period		41,432		39,768		41,343		39,648
Weighted average number of
common equivalent shares to reflect
the dilutive effect of common
stock equivalent securities:
Stock options		146		420		141		378
Common stock units related to deferred
compensation for Directors		-		117		-		117
Common stock units related to deferred
compensation for Employees		110		112		110		112
Restricted common stock units related
to incentive compensation		622		978		619		964
Total common and common equivalent
shares adjusted to calculate
diluted earnings per share		42,310		41,395		42,213		41,219
Net income per share – diluted	$	0.48	$	0.63	$	1.16	$	1.29