Exhibit 11. Statement re computation of per share earnings.

TORCHMARK CORPORATION

COMPUTATION OF EARNINGS PER SHARE

	Three months ended September 30,
	2007		2006
Net Income	$	132,882,000	$	128,544,000
Basic weighted average shares outstanding		92,711,807		98,555,253
Diluted weighted average shares outstanding		94,061,427		100,102,570
Basic net income per share	$	1.43	$	1.30
Diluted net income per share	$	1.41	$	1.28
	Nine months ended September 30,
	2007		2006
Net Income	$	395,190,000	$	376,193,000
Basic weighted average shares outstanding		95,036,478		100,272,719
Diluted weighted average shares outstanding		96,601,414		101,578,158
Basic net income per share	$	4.16	$	3.75
Diluted net income per share	$	4.09	$	3.70