Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share

For the Years Ended December 31, 2015, 2014 and 2013

(Amounts in thousands, except per share data)

		Year Ended December 31,
		2015			2014			2013
Basic:
Net income	$	93,482		$	104,243		$	110,893
Weighted average number of common shares during the period		41,915			41,646			40,377
Net income per share - basic	$	2.23		$	2.50		$	2.75
Diluted:
Net income	$	93,482		$	104,243		$	110,893
Weighted average number of common shares during the period		41,915			41,646			40,377
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities:		158			137			211
Stock options
Common stock units related to deferred compensation for employees		55			70			112
Restricted common stock units related to incentive compensation		297			378			933
Total common and common equivalent shares adjusted to calculate diluted earnings per share		42,425			42,231			41,633
Net income per share – diluted	$	2.20		$	2.47		$	2.66
Percentage of dilution compared to basic net income per share		1.3	%		1.2	%		3.3	%