Exhibit 11. Statement re computation of per share earnings.
TORCHMARK CORPORATION
COMPUTATION OF EARNINGS PER SHARE
| Three Months Ended September 30, | ||||||||
| 2011 | 2010 | |||||||
Income from continuing operations | 136,911,000 | 138,097,000 | ||||||
Income from discontinued operations | 144,000 | (23,566,000 | ) | |||||
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Net Income | $ | 137,055,000 | $ | 114,531,000 | ||||
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Basic weighted average shares outstanding | 104,779,422 | 121,163,567 | ||||||
Diluted weighted average shares outstanding | 105,312,142 | 122,033,180 | ||||||
Basic net income per share: | ||||||||
Continuing operations | $ | 1.31 | $ | 1.14 | ||||
Discontinued operations | 0.00 | (0.19 | ) | |||||
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Total basic net income per share | $ | 1.31 | $ | 0.95 | ||||
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Diluted net income per share: | ||||||||
Continuing operations | $ | 1.30 | $ | 1.13 | ||||
Discontinued operations | 0.00 | (0.19 | ) | |||||
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Total diluted net income per share | $ | 1.30 | $ | 0.94 | ||||
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| Nine Months Ended September 30, | ||||||||
| 2011 | 2010 | |||||||
Income from continuing operations | 391,983,000 | 373,338,000 | ||||||
Income from discontinued operations | (455,000 | ) | (11,082,000 | ) | ||||
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Net Income | $ | 391,528,000 | $ | 362,256,000 | ||||
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Basic weighted average shares outstanding | 110,603,070 | 122,808,242 | ||||||
Diluted weighted average shares outstanding | 112,272,319 | 123,750,656 | ||||||
Basic net income per share: | ||||||||
Continuing operations | $ | 3.54 | $ | 3.04 | ||||
Discontinued operations | 0.00 | (0.09 | ) | |||||
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Total basic net income per share | $ | 3.54 | $ | 2.95 | ||||
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Diluted net income per share: | ||||||||
Continuing operations | $ | 3.49 | $ | 3.02 | ||||
Discontinued operations | 0.00 | (0.09 | ) | |||||
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Total diluted net income per share | $ | 3.49 | $ | 2.93 | ||||
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