<DOCUMENT>
<TYPE>EX-12
<SEQUENCE>6
<FILENAME>dex12.txt
<DESCRIPTION>STATEMENT REGARDING COMPUTATION OF RATIOS
<TEXT>
<PAGE>

                                                                      Exhibit 12

                        Horace Mann Educators Corporation
                Computation of Ratio of Earnings to Fixed Charges
        For the Years Ended December 31, 2003, 2002, 2001, 2000 and 1999
                              (Dollars in millions)

<TABLE>
<CAPTION>
                                                           Year Ended December 31,
                                        --------------------------------------------------------------
                                           2003         2002         2001         2000         1999
                                        ----------   ----------   ----------   ----------   ----------
<S>                                     <C>          <C>          <C>          <C>          <C>
Income before income taxes...........   $     19.2   $      7.7   $     28.3   $      9.7   $     93.4
Interest expense.....................          6.3          8.5          9.3         10.2          9.7
                                        ----------   ----------   ----------   ----------   ----------
   Earnings..........................   $     25.5   $     16.2   $     37.6   $     19.9   $    103.1
                                        ==========   ==========   ==========   ==========   ==========
Fixed charges - interest expense.....   $      6.3   $      8.5   $      9.3   $     10.2   $      9.7
Ratio of earnings to fixed charges...          4.0x         1.9x         4.0x         2.0x        10.6x
</TABLE>

</TEXT>
</DOCUMENT>