Globe Life (GL) 10-Q 2012 Q2 Quarterly report

Exhibit 11. Statement re computation of per share earnings.

TORCHMARK CORPORATION

COMPUTATION OF EARNINGS PER SHARE

	Three Months Ended June 30,
	2012		2011
Income from continuing operations	$	128,988,000	$	142,781,000
Income from discontinued operations		0		0
Net Income	$	128,988,000	$	142,781,000
Basic weighted average shares outstanding		96,896,301		111,010,134
Diluted weighted average shares outstanding		97,826,001		112,831,208
Basic net income per share:
Continuing operations	$	1.33	$	1.29
Discontinued operations		0.00		0.00
Total basic net income per share	$	1.33	$	1.29
Diluted net income per share:
Continuing operations	$	1.32	$	1.27
Discontinued operations		0.00		0.00
Total diluted net income per share	$	1.32	$	1.27
	Six Months Ended June 30,
	2012		2011
Income from continuing operations		247,665,000		243,521,000
Income from discontinued operations		0		(599,000	)
Net Income	$	247,665,000	$	242,922,000
Basic weighted average shares outstanding		98,482,330		113,897,688
Diluted weighted average shares outstanding		99,682,880		115,722,011
Basic net income per share:
Continuing operations	$	2.51	$	2.14
Discontinued operations		0.00		(0.01	)
Total basic net income per share	$	2.51	$	2.13
Diluted net income per share:
Continuing operations	$	2.48	$	2.11
Discontinued operations		0.00		(0.01	)
Total diluted net income per share	$	2.48	$	2.10