Globe Life (GL) 10-Q 2010 Q3 Quarterly report

Exhibit 11. Statement re computation of per share earnings.

TORCHMARK CORPORATION

COMPUTATION OF EARNINGS PER SHARE

	Three Months Ended
	September 30,
	2010			2009
Income from continuing operations		138,097,000			98,558,000
Income from discontinued operations		(23,566,000	)		2,242,000
Net Income	$	114,531,000		$	100,800,000
Basic weighted average shares outstanding		80,775,711			82,746,244
Diluted weighted average shares outstanding		81,355,453			82,843,574
Basic net income per share:
Continuing operations	$	1.71		$	1.19
Discontinued operations		(0.29	)		0.03
Total basic net income per share	$	1.42		$	1.22
Diluted net income per share:
Continuing operations	$	1.70		$	1.19
Discontinued operations		(0.29	)		0.03
Total diluted net income per share	$	1.41		$	1.22
	Nine Months Ended
	September 30,
	2010			2009
Income from continuing operations		373,338,000			279,307,000
Income from discontinued operations		(11,082,000	)		12,317,000
Net Income	$	362,256,000		$	291,624,000
Basic weighted average shares outstanding		81,872,161			83,114,675
Diluted weighted average shares outstanding		82,500,437			83,114,675
Basic net income per share:
Continuing operations	$	4.56		$	3.36
Discontinued operations		(0.14	)		0.15
Total basic net income per share	$	4.42		$	3.51
Diluted net income per share:
Continuing operations	$	4.52		$	3.36
Discontinued operations		(0.13	)		0.15
Total diluted net income per share	$	4.39		$	3.51