Exhibit 12

Exhibit 12. Statement re computation of ratios

TORCHMARK CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollar amounts in thousands)

	Year Ended December 31,
	2013		2012		2011		2010		2009
Earnings:
Pre-tax earnings	$	763,126	$	765,993	$	723,782	$	750,570	$	543,570
Fixed charges		81,807		81,725		79,481		77,152		71,570
Earnings before fixed charges	$	844,933	$	847,718	$	803,263	$	827,722	$	615,140
Fixed charges:
Interest expense*	$	79,187	$	79,449	$	76,980	$	74,669	$	69,260
Amortization of bond issue costs		1,274		1,063		928		860		672
Estimated interest factor of rental expense		1,346		1,213		1,573		1,623		1,638
Total fixed charges	$	81,807	$	81,725	$	79,481	$	77,152	$	71,570
Ratio of earnings to fixed charges		10.3		10.4		10.1		10.7		8.6
Earnings before fixed charges	$	844,933	$	847,718	$	803,263	$	827,722	$	615,140
Interest credited for deposit products		70,555		71,918		70,746		69,742		64,799
Adjusted earnings before fixed charges	$	915,488	$	919,636	$	874,009	$	897,464	$	679,939
Fixed charges	$	81,807	$	81,725	$	79,481	$	77,152	$	71,570
Interest credited for deposit products		70,555		71,918		70,746		69,742		64,799
Adjusted fixed charges	$	152,362	$	153,643	$	150,227	$	146,894	$	136,369
Ratio of earnings to fixed charges including interest credited on deposit products as a fixed charge		6.0		6.0		5.8		6.1		5.0
Rental expense	$	4,079	$	3,677	$	4,767	$	4,919	$	4,963
Estimated interest factor of rental expense (33%)	$	1,346	$	1,213	$	1,573	$	1,623	$	1,638

* There was no interest capitalized in any period indicated.