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