Exhibit 11. Statement re computation of per share earnings.

TORCHMARK CORPORATION

COMPUTATION OF EARNINGS PER SHARE

	Three Months Ended June 30,
	2012		2011
Income from continuing operations	$	128,988,000	$	142,781,000
Income from discontinued operations		0		0
Net Income	$	128,988,000	$	142,781,000
Basic weighted average shares outstanding		96,896,301		111,010,134
Diluted weighted average shares outstanding		97,826,001		112,831,208
Basic net income per share:
Continuing operations	$	1.33	$	1.29
Discontinued operations		0.00		0.00
Total basic net income per share	$	1.33	$	1.29
Diluted net income per share:
Continuing operations	$	1.32	$	1.27
Discontinued operations		0.00		0.00
Total diluted net income per share	$	1.32	$	1.27
	Six Months Ended June 30,
	2012		2011
Income from continuing operations		247,665,000		243,521,000
Income from discontinued operations		0		(599,000	)
Net Income	$	247,665,000	$	242,922,000
Basic weighted average shares outstanding		98,482,330		113,897,688
Diluted weighted average shares outstanding		99,682,880		115,722,011
Basic net income per share:
Continuing operations	$	2.51	$	2.14
Discontinued operations		0.00		(0.01	)
Total basic net income per share	$	2.51	$	2.13
Diluted net income per share:
Continuing operations	$	2.48	$	2.11
Discontinued operations		0.00		(0.01	)
Total diluted net income per share	$	2.48	$	2.10