Globe Life (GL) 10-Q 2012 Q3 Quarterly report

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
Net Income	$	130,672,000	$	131,400,000
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
Total basic net income per share	$	1.37	$	1.25
Diluted net income per share:
Continuing operations	$	1.36	$	1.25
Discontinued operations		0.00		0.00
Total diluted net income per share	$	1.36	$	1.25
	Nine Months Ended September 30,
	2012		2011
Income from continuing operations		378,337,000		374,777,000
Income from discontinued operations		0		(455,000	)
Net Income	$	378,337,000	$	374,322,000
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	)
Total basic net income per share	$	3.89	$	3.38
Diluted net income per share:
Continuing operations	$	3.84	$	3.34
Discontinued operations		0.00		(0.01	)
Total diluted net income per share	$	3.84	$	3.33