EX-11 3 dex11.htm STATEMENT RE COMPUTION OF PER SHARE EARNINGS STATEMENT RE COMPUTION OF PER SHARE EARNINGS

Exhibit 11

 

Statement re computation of per share earnings.

 

TORCHMARK CORPORATION

COMPUTATION OF EARNINGS PER SHARE

 

    

Three months ended March 31,

    

2003

   

2002

Net Income

   

$

100,633,000

   

$

98,154,000

    
  

Basic weighted average shares outstanding

   

 

117,470,995

   

 

122,407,364

Diluted weighted average shares and common stock equivalents outstanding

   

 

117,783,757

   

 

122,918,401

Basic net income per share

   

 

$0.86

   

 

$0.80

    
  

Diluted net income per share

   

 

$0.85

   

 

$0.80