Exhibit 12. Statement re computation of ratios

TORCHMARK CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollar amounts in thousands)

	Three Months Ended June 30,				Six Months Ended June 30,
	2007		2006		2007		2006
Earnings:
Pre-tax earnings	$	192,037	$	194,007	$	396,332	$	377,978
Fixed charges		33,702		33,651		67,484		65,529
Earnings before fixed charges	$	225,739	$	227,658	$	463,816	$	443,507
Fixed charges:
Interest expense*		16,423		17,395		33,563		33,223
Amortization of bond issue costs		118		243		235		405
Interest credited for deposit products		16,717		15,334		32,799		30,754
Estimated interest factor of rental expense		444		679		887		1,147
Total fixed charges	$	33,702	$	33,651	$	67,484	$	65,529
Ratio of earnings to fixed charges		6.7		6.8		6.9		6.8
Rental expense	$	1,344	$	2,058	$	2,688	$	3,475
Estimated interest factor of rental expense (33%)	$	444	$	679	$	887	$	1,147

* There was no interest capitalized in any period indicated.