Exhibit 12.1

Horace Mann Educators Corporation

Statement Regarding Computation of Ratios

Computation of Ratio of Earnings to Fixed Charges

For the Years Ended December 31, 2014, 2013, 2012, 2011 and 2010

(Dollars in millions)

	Year Ended December 31,
	2014			2013			2012			2011			2010
Fixed charges:
Interest expense	$	14.2		$	14.2		$	14.2		$	14.0		$	14.0
Interest credited to policyholders on interest-sensitive contracts		176.1			169.9			163.6			154.9			146.7
Total fixed charges	$	190.3		$	184.1		$	177.8		$	168.9		$	160.7
Earnings:
Income before income taxes	$	146.1		$	154.1		$	149.2		$	94.9		$	110.2
Add: Interest expense		14.2			14.2			14.2			14.0			14.0
Subtotal – earnings before interest expense		160.3			168.3			163.4			108.9			124.2
Add: Interest credited to policyholders on interest-sensitive contracts		176.1			169.9			163.6			154.9			146.7
Earnings before fixed charges	$	336.4		$	338.2		$	327.0		$	263.8		$	270.9
Ratio of earnings to fixed charges		1.8	x		1.8	x		1.8	x		1.6	x		1.7	x
Supplemental information (A):
Ratio of earnings before interest expense to interest expense		11.3	x		11.9	x		11.5	x		7.8	x		8.9	x

(A) Fixed charges and earnings in this calculation do not include interest credited to policyholders on interest-sensitive contracts. This adjusted coverage ratio is not required, but is provided as supplemental information because it is commonly used by individuals who analyze the Company’s results.

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