Exhibit 11. Statement re computation of per share earnings.

TORCHMARK CORPORATION

COMPUTATION OF EARNINGS PER SHARE

	Three Months Ended June 30,
	2011			2010
Income from continuing operations		148,940,000			119,848,000
Income from discontinued operations		0			6,201,000
Net Income	$	148,940,000		$	126,049,000
Basic weighted average shares outstanding		111,010,134			123,025,733
Diluted weighted average shares outstanding		112,831,214			123,904,845
Basic net income per share:
Continuing operations	$	1.34		$	0.97
Discontinued operations		0.00			0.05
Total basic net income per share	$	1.34		$	1.02
Diluted net income per share:
Continuing operations	$	1.32		$	0.97
Discontinued operations		0.00			0.05
Total diluted net income per share	$	1.32		$	1.02
	Six Months Ended June 30,
	2011			2010
Income from continuing operations		255,072,000			235,241,000
Income from discontinued operations		(599,000	)		12,484,000
Net Income	$	254,473,000		$	247,725,000
Basic weighted average shares outstanding		113,897,688			123,644,208
Diluted weighted average shares outstanding		115,722,017			124,492,899
Basic net income per share:
Continuing operations	$	2.24		$	1.90
Discontinued operations		(0.01	)		0.10
Total basic net income per share	$	2.23		$	2.00
Diluted net income per share:
Continuing operations	$	2.21		$	1.89
Discontinued operations		(0.01	)		0.10
Total diluted net income per share	$	2.20		$	1.99