Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share

For the Years Ended December 31, 2020, 2019 and 2018

(Amounts in thousands, except per share data)

	Year Ended December 31,
	2020			2019			2018
Basic:
Net income	$	133,315		$	184,443		$	18,343
Weighted average number of common shares during the period	41,881			41,738			41,570
Net income per share - basic	$	3.18		$	4.42		$	0.44
Diluted:
Net income	$	133,315		$	184,443		$	18,343
Weighted average number of common shares during the period	41,881			41,738			41,570
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities:
Stock options	44			79			100
Common stock units related to deferred compensation for employees	—			—			25
Restricted common stock units related to incentive compensation	116			132			199
Total common and common equivalent shares adjusted to calculate diluted earnings per share	42,041			41,949			41,894
Net income per share – diluted	$	3.17		$	4.40		$	0.44
Percentage of dilution compared to basic net income per share	0.3		%	0.5		%	—		%