EX-11 16 afl063013ex11.htm EX-11 AFL 06.30.13 Ex 11


EXHIBIT 11
Aflac Incorporated and Subsidiaries
Computation of Earnings Per Share
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2013
 
2012
 
2013
 
2012
Numerator (In millions):
 
 
 
 
 
 
 
Basic and diluted: net earnings applicable to common stock
$
889

 
$
483

 
$
1,781

 
$
1,268

Denominator (In thousands):
 
 
 
 
 
 
 
Weighted-average outstanding shares used in the
computation of earnings per share - basic
465,213

 
466,788

 
465,834

 
466,337

Dilutive effect of share-based awards
2,762

 
1,802

 
2,712

 
2,224

Weighted-average outstanding shares used in the
computation of earnings per share - diluted
467,975

 
468,590

 
468,546

 
468,561

Earnings per share:
 
 
 
 
 
 
 
Basic
$
1.91

 
$
1.04

 
$
3.82

 
$
2.72

Diluted
1.90

 
1.03

 
3.80

 
2.71