Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share

For the Years Ended December 31, 2019, 2018 and 2017

(Amounts in thousands, except per share data)

	Year Ended December 31,
	2019			2018			2017
Basic:
Net income	$	184,443		$	18,343		$	169,459
Weighted average number of common shares during the period	41,738			41,570			41,365
Net income per share - basic	$	4.42		$	0.44		$	4.10
Diluted:
Net income	$	184,443		$	18,343		$	169,459
Weighted average number of common shares during the period	41,738			41,570			41,365
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities:
Stock options	79			100			112
Common stock units related to deferred compensation for employees	—			25			25
Restricted common stock units related to incentive compensation	132			199			63
Total common and common equivalent shares adjusted to calculate diluted earnings per share	41,949			41,894			41,565
Net income per share – diluted	$	4.40		$	0.44		$	4.08
Percentage of dilution compared to basic net income per share	0.5		%	—		%	0.5		%