Aflac (AFL) 10-Q2010 Q2 Quarterly report

Filed: 2 Aug 10, 12:00am

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Aflac Incorporated 2nd Quarter 2010 Form 10-Q

EXHIBIT 11

Aflac Incorporated and Subsidiaries

Computation of Earnings Per Share


	Three Months Ended June 30,				Six Months Ended June 30,
	2010		2009		2010		2009
Numerator (In millions):
Basic and diluted: net earnings applicable to common stock	$	581	$	314	$	1,217	$	882


Denominator (In thousands):
Weighted-average outstanding shares used in the computation of earnings per share - basic		468,824		466,401		468,377		466,249
Dilutive effect of share-based awards		3,715		1,884		4,120		1,460

Weighted-average outstanding shares used in the computation of earnings per share - diluted		472,539		468,285		472,497		467,709


Earnings per share:
Basic	$	1.24	$	.67	$	2.60	$	1.89
Diluted		1.23		.67		2.58		1.89

EXH 11-1

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