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New words:
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Removed:
AA, accruing, adequately, aftermath, alternative, annum, area, aspect, assist, Authority, back, bps, broaden, broadening, budget, build, calculating, chosen, clear, closing, collective, commented, communicate, composed, computing, conduct, considerable, consultation, converting, coupled, covenant, declined, deduction, defer, deferral, deficit, disaster, discipline, disrupt, distinguish, diverse, earthquake, easily, EBA, enable, endorsement, entry, epicenter, exchanging, expansion, expectation, expensed, explicit, extinguishment, fourth, geographically, good, grown, highest, illustrate, inability, incumbent, incurred, inextricably, influencing, insignificant, institutional, integrated, intense, Israel, judge, leadership, lieu, linear, matched, meeting, membership, mitigation, moderately, modify, movement, natural, necessity, nuclear, offering, opened, operator, organization, payroll, percent, periphery, perspective, plant, priced, problem, proportion, provision, pursue, pursued, pursuing, recession, reconstruction, recurrence, regularly, reliability, reliance, replaced, replacement, replacing, response, restated, restoring, resultant, revision, rider, rose, satisfaction, separately, serve, SOC, social, solve, spending, steadily, strike, stronger, structured, sufficiently, systemic, temporarily, test, training, transmission, tsunami, Tunisia, Unamortized, underleveraged, universe, voluntary, worksite, write, wrote
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EXHIBIT 11
Aflac Incorporated and Subsidiaries
Computation of Earnings Per Share
Three Month Ended March 31,
| 2013 | 2012 | ||||||
| Numerator (In millions): | |||||||
| Basic and diluted: net earnings applicable to common stock | $ | 892 | $ | 785 | |||
| Denominator (In thousands): | |||||||
| Weighted-average outstanding shares used in the computation of earnings per share - basic | 466,462 | 465,887 | |||||
| Dilutive effect of share-based awards | 2,662 | 2,646 | |||||
| Weighted-average outstanding shares used in the computation of earnings per share - diluted | 469,124 | 468,533 | |||||
| Earnings per share: | |||||||
| Basic | $ | 1.91 | $ | 1.68 | |||
| Diluted | 1.90 | 1.68 | |||||