Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share (Unaudited)

For the Three and Six Months Ended June 30, 2016 and 2015

(Amounts in thousands, except per share data)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Basic:
Net income	$	11,866	$	16,183	$	37,019	$	50,458
Weighted average number of common shares during the period		41,082		41,990		41,200		42,001
Net income per share – basic	$	0.29	$	0.39	$	0.90	$	1.20
Diluted:
Net income	$	11,866	$	16,183	$	37,019	$	50,458
Weighted average number of common shares during the period		41,082		41,990		41,200		42,001
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities:
Stock options		101		156		97		146
Common stock units related to deferred compensation for employees		56		58		56		58
Restricted common stock units related to incentive compensation		75		221		63		161
Total common and common equivalent adjusted to calculate diluted earnings per share		41,314		42,425		41,416		42,366
Net income per share – diluted	$	0.29	$	0.38	$	0.89	$	1.19