Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share (Unaudited)

For the Three and Six Months Ended June 30, 2010 and 2009

(Amounts in thousands, except per share data)

	Three Months Ended June 30,				Six Months Ended June 30,
	2010		2009		2010		2009
Basic – assumes no dilution:
Net income	$	22,981	$	18,604	$	45,584	$	32,035
Weighted average number of common shares outstanding during the period		39,263		39,172		39,235		39,168
Net income per share – basic	$	0.59	$	0.48	$	1.16	$	0.82
Diluted – assumes full dilution:
Net income	$	22,981	$	18,604	$	45,584	$	32,035
Weighted average number of common shares outstanding during the period		39,263		39,172		39,235		39,168
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities:
Stock options		274		79		228		46
Common stock units related to Deferred Equity Compensation Plan for Directors		106		220		106		220
Common stock units related to Deferred Compensation Plan for Employees		193		193		193		193
Restricted common stock units related to Incentive Compensation Plan		1,093		868		1,093		868
Total common and common equivalent shares adjusted to calculate diluted earnings per share		40,929		40,532		40,855		40,495
Net income per share – diluted	$	0.56	$	0.46	$	1.12	$	0.79