Exhibit 12

ALFA CORPORATION

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

		2007			2006			2005			2004			2003
1.	Pretax income from operations before adjustment for income or loss from equity investees	$	125,099,774		$	133,219,739		$	129,278,336		$	116,827,673		$	106,915,040
2.	Fixed Charges (Interest expense)		16,593,276			17,420,837			11,866,248			7,004,587		$	6,614,745
3.	Distributed income of equity investees		3,112,008			3,339,681			3,641,930			3,510,000			197,754
4.	Earnings (as defined) (1+2+3)	$	144,805,058		$	153,980,257		$	144,786,514		$	127,342,260		$	113,727,539
5.	Ratio of earnings to fixed charges, excluding interest credited to contractholder funds (4/2)		8.7	x		8.8	x		12.2	x		18.2	x		17.2	x
6.	Interest credited to contractholder funds	$	31,541,192		$	29,892,706		$	29,283,243		$	28,631,641		$	27,930,039
7.	Total fixed charges including interest credited to contractholder funds (2+6)	$	48,134,468		$	47,313,543		$	41,149,491		$	35,636,228		$	34,544,784
8.	Earnings (as defined) including interest credited to contractholder funds (4+6)	$	176,346,250		$	183,872,963		$	174,069,757		$	155,973,901		$	141,657,578
9.	Ratio of earnings to fixed charges, including interest credited to contractholder funds (8/7)		3.7	x		3.9	x		4.2	x		4.4	x		4.1	x