Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income per Share

For the Years Ended December 31, 2010, 2009 and 2008

(Amounts in thousands, except per share data)



|                                                                                                                          |  |                         |        |   |      |   |        |      |  |   |        | 
|------------------------------------------------------------------------------------------------------------------------- |  | ----------------------- | ------ | - | ---- | - | ------ | ---- |  | - | ------ | 
|                                                                                                                          |  | Year Ended December 31, |       
|                                                                                                                          |  | 2010                    |        |   | 2009 |   |        | 2008 | 
|Basic - assumes no dilution:                                                                                              |  |                         |        |   |      |   |        |      |  |   |        | 
|                                                                                                                          |  |                         |       
|Net income for the period                                                                                                 |  | $                       | 80,862 |   |      | $ | 73,486 |      |  | $ | 10,917 | 
|                                                                                                                          |  |                         |        |   |      |   |        |      |  |   |        | 
|Weighted average number of common shares outstanding during the period                                                    |  |                         | 39,350 |   |      |   | 39,175 |      |  |   | 39,820 | 
|                                                                                                                          |  |                         |        |   |      |   |        |      |  |   |        | 
|                                                                                                                          |  |                         |       
|Net income per share - basic                                                                                              |  | $                       | 2.05   |   |      | $ | 1.88   |      |  | $ | 0.27   | 
|                                                                                                                          |  |                         |        |   |      |   |        |      |  |   |        | 
|                                                                                                                          |  |                         |       
|Diluted - assumes full dilution:                                                                                          |  |                         |        |   |      |   |        |      |  |   |        | 
|                                                                                                                          |  |                         |       
|Net income for the period                                                                                                 |  | $                       | 80,862 |   |      | $ | 73,486 |      |  | $ | 10,917 | 
|                                                                                                                          |  |                         |        |   |      |   |        |      |  |   |        | 
|Weighted average number of common shares outstanding during the period                                                    |  |                         | 39,350 |   |      |   | 39,175 |      |  |   | 39,820 | 
|Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities: |  |                         |        |   |      |   |        |      |  |   |        | 
|Stock options                                                                                                             |  |                         | 255    |   |      |   | 113    |      |  |   | 7      | 
|Common stock units related to deferred compensation for Directors                                                         |  |                         | 107    |   |      |   | 232    |      |  |   | 254    | 
|Common stock units related to deferred compensation for Employees                                                         |  |                         | 195    |   |      |   | 191    |      |  |   | 215    | 
|Restricted common stock units related to incentive compensation                                                           |  |                         | 1,106  |   |      |   | 821    |      |  |   | 293    | 
|                                                                                                                          |  |                         |        |   |      |   |        |      |  |   |        | 
|Total common and common equivalent shares adjusted to calculate diluted per share                                         |  |                         | 41,013 |   |      |   | 40,532 |      |  |   | 40,589 | 
|                                                                                                                          |  |                         |        |   |      |   |        |      |  |   |        | 
|                                                                                                                          |  |                         |       
|Net income per share  diluted                                                                                            |  | $                       | 1.97   |   |      | $ | 1.81   |      |  | $ | 0.27   | 
|                                                                                                                          |  |                         |        |   |      |   |        |      |  |   |        | 
|                                                                                                                          |  |                         |       
|Percentage of dilution compared to basic net income per share                                                             |  |                         | 3.9    | % |      |   | 3.7    | %    |  |   | -      |