EX-11 2 hm123121ex11.htm EX-11

Exhibit 11

 

Horace Mann Educators Corporation

Computation of Net Income per Share

For the Years Ended December 31, 2021, 2020 and 2019

(in millions, except per share data)

						Year Ended December 31,
						2021						2020						2019
Basic:
Net income						$	142.8					$	133.3					$	184.4
Weighted average number of common shares during the period						42.0						41.9						41.7
Net income per share - basic						$	3.40					$	3.18					$	4.42
Diluted:
Net income						$	142.8					$	133.3					$	184.4
Weighted average number of common shares during the period						42.0						41.9						41.7
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						0.2						0.1						0.1
Total common and common equivalent shares adjusted to calculate diluted earnings per share						42.2						42.0						41.9
Net income per share – diluted						$	3.39					$	3.17					$	4.40
Percentage of dilution compared to basic net income per share						0.3		%				0.3		%				0.5		%