Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share (Unaudited)

For the Three and Nine Months Ended September 30, 2010 and 2009

(Amounts in thousands, except per share data)

	Three Months Ended       September 30,				Nine Months Ended September 30,
	2010		2009		2010		2009
Basic – assumes no dilution:
Net income	$	20,166	$	19,281	$	65,750	$	51,316
Weighted average number of common shares outstanding during the period		39,411		39,180		39,294		39,172
Net income per share – basic	$	0.51	$	0.49	$	1.67	$	1.31
Diluted – assumes full dilution:
Net income	$	20,166	$	19,281	$	65,750	$	51,316
Weighted average number of common shares outstanding during the period		39,411		39,180		39,294		39,172
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities:
Stock options		304		164		253		86
Common stock units related to Deferred Equity Compensation Plan for Directors		106		225		106		225
Common stock units related to Deferred Compensation Plan for Employees		194		190		194		190
Restricted common stock units related to Incentive Compensation Plan		1,100		881		1,100		881
Total common and common equivalent shares adjusted to calculate diluted earnings per share		41,115		40,640		40,947		40,554
Net income per share – diluted	$	0.49	$	0.48	$	1.61	$	1.27