EXHIBIT 12

Exhibit 12. Statement re computation of ratios

TORCHMARK CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollar amounts in thousands)

	Year Ended December 31,
	2005		2004		2003
Earnings before fixed charges:
Pre-tax earnings	$	731,521	$	720,801	$	653,112
Fixed charges		62,775		58,220		57,695
Earnings before fixed charges	$	794,296	$	779,021	$	710,807
Fixed charges:
Interest expense*	$	60,290	$	55,881	$	55,565
Amortization of bond issue costs		644		610		570
Estimated interest factor of rental expense		1,841		1,729		1,560
Total fixed charges	$	62,775	$	58,220	$	57,695
Ratio of earnings to fixed charges		12.7		13.4		12.3
Earnings before fixed charges	$	794,296	$	779,021	$	710,807
Interest credited for deposit products		63,049		64,470		67,618
Adjusted earnings before fixed charges	$	857,345	$	843,491	$	778,425
Fixed charges	$	62,775	$	58,220	$	57,695
Interest credited for deposit products		63,049		64,470		67,618
Adjusted fixed charges	$	125,824	$	122,690	$	125,313
Ratio of earnings to fixed charges including interest credited on deposit products as a fixed charge		6.8		6.9		6.2
Rental expense	$	5,579	$	5,238	$	4,727
Estimated interest factor of rental expense (33%)		1,841		1,729		1,560

* There was no interest capitalized in any period indicated.