Globe Life (GL) S-3ASR Automatic shelf registration

Exhibit 12.1

TORCHMARK CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollar amounts in thousands)

	Quarter Ended March 31,				Year Ended December 31,
	2012		2011		2011		2010		2009		2008		2007
Earnings:
Pre-tax earnings	$	170,235	$	147,517	$	723,782	$	750,570	$	543,570	$	589,446	$	689,909
Fixed charges		19,987		19,893		79,481		77,152		71,570		64,918		69,532
Earnings before fixed charges	$	190,222	$	167,410	$	803,263	$	827,722	$	615,140	$	654,364	$	759,441
Fixed charges:
Interest expense*	$	19,425	$	19,232	$	76,980	$	74,669	$	69,260	$	62,721	$	67,089
Amortization of bond issue costs		246		228		928		860		672		508		475
Estimated interest factor of rental expense		316		433		1,573		1,623		1,638		1,689		1,968
Total fixed charges	$	19,987	$	19,893	$	79,481	$	77,152	$	71,570	$	64,918	$	69,532
Ratio of earnings to fixed charges		9.5		8.4		10.1		10.7		8.6		10.1		10.9
Earnings before fixed charges	$	190,222	$	167,410	$	803,263	$	827,722	$	615,140	$	654,364	$	759,441
Interest credited for deposit products		17,973		17,675		70,746		69,742		64,799		57,176		52,403
Adjusted earnings before fixed charges	$	208,195	$	185,085	$	874,009	$	897,464	$	679,939	$	711,540	$	811,844
Fixed charges	$	19,987	$	19,893	$	79,481	$	77,152	$	71,570	$	64,918	$	69,532
Interest credited for deposit products		17,973		17,675		70,746		69,742		64,799		57,176		52,403
Adjusted fixed charges	$	37,960	$	37,568	$	150,227	$	146,894	$	136,369	$	122,094	$	121,935
Ratio of earnings to fixed charges including interest credited on deposit products as a fixed charge		5.5		4.9		5.8		6.1		5.0		5.8		6.7
Rental expense	$	957	$	1,311	$	4,767	$	4,919	$	4,963	$	5,117	$	5,964
Estimated interest factor of rental expense (33%)	$	316	$	433	$	1,573	$	1,623	$	1,638	$	1,689	$	1,968

* There was no interest capitalized in any period indicated.