EX-11 6 a33122ex11.htm EX-11 Document

Exhibit 11

 
Horace Mann Educators Corporation
Computation of Net Income per Share (Unaudited)
For the Three Months Ended March 31, 2022 and 2021
(in millions, except per share data)
 
Three Months Ended
March 31,
 20222021
Basic:
Net income$14.5 $39.3 
Weighted average number of common shares during the period41.9 41.9 
Net income per share – basic$0.35 $0.94 
Diluted:
Net income$14.5 $39.3 
Weighted average number of common shares during the period41.9 41.9 
Weighted average number of common equivalent
   shares to reflect the dilutive effect of common
   stock equivalent securities:
Stock options0.1 0.1 
Common stock units related to deferred
   compensation for employees
— — 
Restricted common stock units related to incentive compensation0.1 0.1 
Total common and common equivalent shares
adjusted to calculate diluted earnings per share
42.1 42.1 
Net income per share – diluted$0.35 $0.93