Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share (Unaudited)

For the Three Months Ended March 31, 2013 and 2012

(Amounts in thousands, except per share data)

	Three Months Ended March 31,
	2013		2012
Basic – assumes no dilution:
Net income	$	27,012	$	26,671
Weighted average number of common shares outstanding during the period		39,527		39,794
Net income per share – basic	$	0.68	$	0.67
Diluted – assumes full dilution:
Net income	$	27,012	$	26,671
Weighted average number of common shares outstanding during the period		39,527		39,794
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities:
Stock options		402		214
Common stock units related to deferred compensation for Directors		101		110
Common stock units related to deferred compensation for Employees		117		116
Restricted common stock units related to incentive compensation		941		1,312
Total common and common equivalent shares adjusted to calculate diluted earnings per share		41,088		41,546
Net income per share – diluted	$	0.66	$	0.64