8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report

(Date of Earliest Event Reported)

April 21, 2003

April 18, 2003

TORCHMARK CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	1-9052	63-0780404
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer ID No.)

2001 Third Avenue South, Birmingham, Alabama 35233

(Address of principal executive offices)

Registrant’s telephone number, including area code: (205) 325-4200

None

(Former name or former address, if changed since last report)

Index of Exhibits page 2.

Total number of pages in this report is 4.

Item 5.    Other Events and Regulation FD Disclosure.

Torchmark Corporation issued a press release dated April 18, 2003, which is incorporated herein by reference and attached hereto as an exhibit.

Item 7.    Financial Statement and Exhibits.

(a) Financial Statements of businesses acquired.

Not applicable.

(b) Pro forma financial information.

Not applicable.

(c) Exhibits.

(99.1) Torchmark Corporation Press Release dated April 18, 2003

2

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 21, 2003 TORCHMARK CORPORATION /s/ Carol A. McCoy Carol A. McCoy, Vice President, Associate Counsel and Secretary

3

EX-99.1

EXHIBIT 99.1

News Release

Torchmark Corporation • 2001 Third Avenue South • Birmingham, Alabama 35233

Contact: Joyce Lane NYSE Symbol: TMK

TORCHMARK CORPORATION ANNOUNCES ALABAMA SUPREME

COURT OPINION IN UNITED INVESTORS LIFE VS. WADDELL & REED

Birmingham, Alabama, April 18, 2003—Torchmark Corporation (NYSE: TMK) announced today that the Alabama Supreme Court reversed in part and remanded in part the $50 million verdict rendered by an Alabama jury in favor of Torchmark subsidiary United Investors Life Insurance Company against Waddell & Reed last year. The case involved claims by United that Waddell & Reed improperly engaged in a concerted campaign to replace United’s existing block of variable annuity policies with policies issued by another insurance company and Waddell & Reed wrongfully converted over $10,000,000 belonging to United. In a 51 page opinion, the court found that conversion, breach of contract and one claim of fraud and suppression were properly submitted to the jury; however, it held that two claims, tortious interference with contractual relations and fraud in connection with a promise by Waddell & Reed not to replace United’s existing variable annuity contracts should not have been submitted to the jury. Under Alabama law, the finding by the court that two claims should not have been submitted to the jury necessitates a remand to the trial court on the remaining claims.

UILIC may file a petition for rehearing with the Supreme Court and plans to pursue in the trial court its claims for concealment, breach of contract, fraud and suppression, with claims for actual damages over $10 million and for punitive damages of up to three times that amount under Alabama law. The earlier verdict of $50 million did not include an award of punitive damages.

Torchmark Corporation is a financial services holding company specializing in life and supplemental health insurance for “middle income” Americans marketed through multiple distribution channels including direct response, and exclusive and independent agencies. Subsidiary Globe Life And Accident is a nationally recognized direct-response provider of life insurance known for its administrative efficiencies. United American has been a nationally recognized provider of Medicare supplement health insurance since 1966. Liberty National Life, one of the oldest traditional life insurers in the Southeast, is the largest life insurer in its home state of Alabama. American Income Life is nationally recognized for providing supplemental life insurance to labor union members.

For additional information contact: Joyce Lane Vice President, Investor Relations Phone: 972/569-3627 Fax: 972/569-3696 jlane@torchmarkcorp.com Website: www.torchmarkcorp.com