EX-11 3 dex11.htm STATEMENT REGARDING THE COMPUTATION OF PER-SHARE EARNINGS STATEMENT REGARDING THE COMPUTATION OF PER-SHARE EARNINGS

Aflac Incorporated 1st Quarter 2011 Form 10-Q

EXHIBIT 11

Aflac Incorporated and Subsidiaries

Computation of Earnings Per Share

Three Months Ended March 31,

 

   
     2011      2010    
   

Numerator (In millions):

      

Basic and diluted: net earnings applicable to common stock

    $ 395       $ 636     
   
     

Denominator (In thousands):

      

Weighted-average outstanding shares used in the computation of earnings per share - basic

      468,012         467,926     

Dilutive effect of share-based awards

      4,092         4,524     
   

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

      472,104         472,450     
   
     

Earnings per share:

      

Basic

    $ .84       $ 1.36     

Diluted

      .84         1.35