Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share (Unaudited)

For the Three Months Ended March 31, 2010 and 2009

(Amounts in thousands, except per share data)

	Three Months Ended March 31,
	2010		2009
Basic – assumes no dilution:
Net income	$	22,603	$	13,431
Weighted average number of common shares outstanding during the period		39,206		39,164
Net income per share – basic	$	0.58	$	0.34
Diluted – assumes full dilution:
Net income	$	22,603	$	13,431
Weighted average number of common shares outstanding during the period		39,206		39,164
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities:
Stock options		194		20
Common stock units related to Deferred Equity Compensation Plan for Directors		211		179
Common stock units related to Deferred Compensation Plan for Employees		192		195
Restricted common stock units related to Incentive Compensation Plan		1,097		827
Total common and common equivalent shares adjusted to calculate diluted earnings per share		40,900		40,385
Net income per share – diluted	$	0.55	$	0.33