Exhibit 99.2

[Horace Mann Educators Corporation logo]

Contact information:

Todd Nelson, Vice President - Finance

217-788-5738

HORACE MANN REPORTS RESULTS

FOR SECOND QUARTER

SPRINGFIELD, Ill., July 27, 2011 — Horace Mann Educators Corporation (NYSE:HMN) today reported a net loss of $11.8 million (30 cents per share) and net income of $14.1 million (34 cents per share) for the three and six months ended June 30, 2011, respectively, compared to net income of $23.0 million (56 cents per share) and $45.6 million ($1.12 per share) for the same periods in 2010. Included in these amounts were net realized gains on securities of $5.7 million ($3.7 million after tax, or 9 cents per share) and $11.5 million ($7.4 million after tax, or 18 cents per share) for the three and six months ended June 30, 2011, respectively. In the same periods in 2010, net income included net realized investment gains of $8.3 million ($5.5 million after tax, or 13 cents per share) and $13.2 million ($8.6 million after tax, or 21 cents per share), respectively. All per-share amounts are stated on a diluted basis.

“As we previously announced, along with a number of other companies in the industry, tornado and storm activity had a significant impact on second quarter 2011 results. For the three months ended June 30, 2011, our losses from the 12 catastrophe events in the period were $55.0 million pretax, representing 40.3 percentage points of the quarter’s combined ratio,” said Peter H. Heckman, President and Chief Executive Officer. “Our net loss before realized investment gains and losses was 39 cents per share for the second quarter, an 82 cent decrease compared to prior year, largely due to increased catastrophe costs. The total property and casualty accident year combined ratio excluding catastrophes of 95.1 percent in the current quarter was 5.7 percentage points higher than the same period last year, primarily driven by auto liability claims severity, as well as non-catastrophe weather-related claims and re-estimates of first quarter 2011 reserves in the property line. The six month property and casualty accident year combined ratio excluding catastrophes of 93.2 percent was 1.2 percentage points higher than the first half of 2010, as the exceptional underlying results in the first quarter were offset by adverse experience in the current quarter. Second quarter combined annuity and life segments’ net income exceeded prior year, benefitting from continued increases in interest margins.” Continued Heckman, “In spite of the challenging quarter, the increase in our net unrealized investment gain position over the last three months resulted in a June 30, 2011 reported book value per share of $23.35, a sequential increase of 3 percent over the prior quarter-end.”

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Segment Earnings

The property and casualty segment recorded a net loss of $25.6 million for the quarter, a decrease of $34.1 million compared to net income for the same period in 2010. As described above, catastrophe costs were significant in the current quarter. The second quarter 2011 property and casualty combined ratio was 134.7 percent, including 40.3 percentage points due to catastrophe costs, compared to 99.0 percent, including 11.6 percentage points due to catastrophe costs, in the prior year period. Favorable prior years’ reserve development totaling $1.0 million was recorded in the second quarter of 2011, which represented 0.7 percentage points on the combined ratio, compared to $2.8 million, or 2.0 percentage points on the combined ratio, recorded in the second quarter of 2010. Excluding claim settlement expenses, Florida sinkhole losses incurred in the current quarter of $1.9 million were notably lower compared to the amounts in each of the last two quarters of 2010 as well as the first quarter of 2011. “As stated last year, one of the key initiatives to address sinkhole loss exposure is our Florida risk mitigation plan, which is primarily focused on non-renewals. That plan was launched last year, progressed ahead of schedule and will be completed by mid-August, at which time our property policies in force in the most affected counties will be reduced to zero,” said Heckman. For the first half of 2011, the total property and casualty combined ratio was 114.8 percent, an increase of 17.1 percentage points compared to a year earlier, including a 14.7 percentage point increase in the impact of catastrophe losses and a 1.2 percentage point smaller benefit from favorable prior years’ reserve development.

Annuity segment net income was $7.5 million for the three months ended June 30, 2011, increasing $0.6 million compared to the same period in 2010 and $2.0 million compared to the first half of the prior year. The interest margin earned on fixed annuity assets increased 5 percent compared to the second quarter of 2010, with a year-to-date net interest spread of 203 basis points for the current period, improving 1 basis point compared to the first half of 2010. Charges and fees earned in the quarter, primarily on variable annuity contracts, also increased compared to prior year. The evaluation of deferred policy acquisition costs in the current quarter had a negative impact on annuity segment earnings but was $3.2 million smaller than the negative impact in the prior year. In 2010, second quarter annuity net income also included a $1.4 million benefit due to a reduction in the company’s liability for uncertain tax positions. Total annuity net fund flows continued to be positive in the current period, as they were throughout the prior three years, with total accumulated account values increasing 12 percent compared to June 30, 2010. Total cash value persistency of 94 percent was comparable to a year earlier.

Life segment net income of $5.8 million for the second quarter increased $0.3 million compared to the same period in 2010, primarily due to lower mortality costs in the current period. For the six months, net income for the life segment was slightly less than the prior year. Life persistency remained strong at 95 percent.

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Segment Revenues

Compared to 2010, the company’s total premiums written and contract deposits increased 2 percent for both the quarter and year-to-date, driven by the increase in annuity deposit receipts.

Total property and casualty premiums written decreased 4 percent and 3 percent compared to the three and six months ended June 30, 2010, with increases in average property and auto premiums per policy more than offset by a reduced level of policies in force. The company’s Florida property non-renewal program accounted for approximately 2 percentage points of the total property and casualty premium decrease in both periods.

Annuity deposits received increased 12 percent and 11 percent compared to the second quarter and first half of 2010, respectively, each reflecting a 33 percent increase in single deposit and rollover receipts, partially offset by a decrease of less than 4 percent in scheduled, flexible premium annuity deposit receipts compared to a year ago. Life segment insurance premiums and contract deposits decreased approximately 1 percent compared to both the second quarter and first six months of the prior year.

Sales and Distribution

For the three and six months ended June 30, 2011, total new auto sales units decreased 10 percent and 8 percent, respectively, compared to 2010, primarily due to a decrease in true new auto sales of 13 percent in both periods. In 2011, total annuity sales increased 25 percent compared to the first half of the prior year, building on the positive results produced throughout 2010, as both new scheduled deposit business and single premium and rollover deposits increased significantly. Total new life production increased 7 percent compared to the prior year first six months, including growth in sales of both Horace Mann and third-party vendor products.

At June 30, 2011, there was a combined total of 732 Exclusive Agencies and Employee Agents, compared to 741 at December 31, 2010 and 682 at June 30, 2010. “The size of our agency force remained comfortably above where we were 12 months ago, with the decrease in the current quarter primarily reflecting the departure of lower producing agents,” said Heckman. “Again this quarter, our agency force delivered strong growth in new business levels for our annuity line. Agent training and marketing programs focused on retirement planning have contributed to this result. In the auto line, as stated last quarter, pricing, underwriting and marketing initiatives are in the process of being rolled out on a state-by-state basis designed to increase new policy sales, with the majority of the targeted states scheduled for rollout in the last half of the year.”

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Investments

In 2011, total net investment income increased 4 percent and 5 percent compared to the three and six months ended June 30, 2010, respectively. Pretax net realized investment gains were $5.7 million in the second quarter of 2011 and included no impairment write-downs on securities.

Horace Mann’s net unrealized investment gains on fixed maturity and equity securities of $256.7 million at June 30, 2011 increased more than 40 percent compared to the $180.0 million net unrealized gain at March 31, 2011. Net unrealized gains were $222.8 million at June 30, 2010.

Horace Mann — the largest national multiline insurance company focusing on educators’ financial needs — provides auto and homeowners insurance, retirement annuities, life insurance and other financial solutions. Founded by Educators for Educators^® in 1945, the company is headquartered in Springfield, Ill. For more information, visit www.horacemann.com.

Statements included in this news release that are not historical in nature are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to certain risks and uncertainties. Horace Mann is not under any obligation to (and expressly disclaims any such obligation to) update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Please refer to the company’s Quarterly Report on Form 10-Q for the period ended March 31, 2011 and the company’s past and future filings and reports filed with the Securities and Exchange Commission for information concerning the important factors that could cause actual results to differ materially from those in forward-looking statements.

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HORACE MANN EDUCATORS CORPORATION

Digest of Earnings and Highlights (Unaudited)

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Statements of Operations and Supplemental GAAP Consolidated Data (Unaudited)

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Supplemental Business Segment Overview (Unaudited)

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Supplemental Business Segment Overview (Unaudited)

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