Exhibit 11. Statement re computation of per share earnings.
TORCHMARK CORPORATION
COMPUTATION OF EARNINGS PER SHARE
| Three Months Ended September 30, | ||||||||
| 2012 | 2011 | |||||||
Income from continuing operations | $ | 130,672,000 | $ | 131,256,000 | ||||
Income from discontinued operations | 0 | 144,000 | ||||||
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Net Income | $ | 130,672,000 | $ | 131,400,000 | ||||
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Basic weighted average shares outstanding | 95,125,843 | 104,779,422 | ||||||
Diluted weighted average shares outstanding | 96,342,122 | 105,312,142 | ||||||
Basic net income per share: | ||||||||
Continuing operations | $ | 1.37 | $ | 1.25 | ||||
Discontinued operations | 0.00 | 0.00 | ||||||
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Total basic net income per share | $ | 1.37 | $ | 1.25 | ||||
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Diluted net income per share: | ||||||||
Continuing operations | $ | 1.36 | $ | 1.25 | ||||
Discontinued operations | 0.00 | 0.00 | ||||||
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Total diluted net income per share | $ | 1.36 | $ | 1.25 | ||||
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| Nine Months Ended September 30, | ||||||||
| 2012 | 2011 | |||||||
Income from continuing operations | 378,337,000 | 374,777,000 | ||||||
Income from discontinued operations | 0 | (455,000 | ) | |||||
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Net Income | $ | 378,337,000 | $ | 374,322,000 | ||||
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Basic weighted average shares outstanding | 97,355,334 | 110,603,070 | ||||||
Diluted weighted average shares outstanding | 98,638,098 | 112,272,319 | ||||||
Basic net income per share: | ||||||||
Continuing operations | $ | 3.89 | $ | 3.39 | ||||
Discontinued operations | 0.00 | (0.01 | ) | |||||
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Total basic net income per share | $ | 3.89 | $ | 3.38 | ||||
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Diluted net income per share: | ||||||||
Continuing operations | $ | 3.84 | $ | 3.34 | ||||
Discontinued operations | 0.00 | (0.01 | ) | |||||
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Total diluted net income per share | $ | 3.84 | $ | 3.33 | ||||
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