EX-11 4 a63021ex11.htm EX-11 Document

Exhibit 11

 
Horace Mann Educators Corporation
Computation of Net Income per Share (Unaudited)
For the Three and Six Months Ended June 30, 2021 and 2020
(in millions, except per share data)
 
Three Months Ended
June 30,
Six Months Ended
June 30,
 2021202020212020
Basic:
Net income$46.7 $30.5 $86.0 $49.0 
Weighted average number of common
   shares during the period
42.0 41.9 42.0 41.9 
Net income per share – basic$1.11 $0.73 $2.05 $1.17 
Diluted:
Net income$46.7 $30.5 $86.0 $49.0 
Weighted average number of common
   shares during the period
42.0 41.9 42.0 41.9 
Weighted average number of common equivalent
   shares to reflect the dilutive effect of common
   stock equivalent securities:
Stock options— — 0.1 — 
Common stock units related to deferred
   compensation for employees
— — — — 
Restricted common stock units related
   to incentive compensation
0.1 0.1 — 0.1 
Total common and common equivalent shares
adjusted to calculate diluted earnings per share
42.1 42.0 42.1 42.0 
Net income per share – diluted$1.11 $0.73 $2.04 $1.17