Globe Life (GL) 10-Q 2006 Q2 Quarterly report

Exhibit 11. Statement re computation of per share earnings.

TORCHMARK CORPORATION

COMPUTATION OF EARNINGS PER SHARE

	Three months ended June 30,
	2006		2005
Net Income	$	127,375,000	$	132,365,000
Basic weighted average shares outstanding		99,665,151		104,758,238
Diluted weighted average shares outstanding		100,982,451		105,982,185
Basic net income per share	$	1.28	$	1.26
Diluted net income per share	$	1.26	$	1.25
	Six months ended June 30,
	2006		2005
Net Income	$	247,649,000	$	250,208,000
Basic weighted average shares outstanding		101,145,685		105,585,139
Diluted weighted average shares outstanding		102,250,714		107,016,337
Basic net income per share	$	2.45	$	2.37
Diluted net income per share	$	2.42	$	2.34