Exhibit 12. Statement re computation of ratios

TORCHMARK CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollar amounts in thousands)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2007		2006		2007		2006
Earnings:
Pre-tax earnings	$	201,584	$	189,273	$	597,916	$	567,251
Fixed charges		34,914		37,117		102,398		102,471
Earnings before fixed charges	$	236,498	$	226,390	$	700,314	$	669,722
Fixed charges:
Interest expense*		17,459		20,995		51,022		54,218
Amortization of bond issue costs		120		442		355		847
Interest credited for deposit products		16,816		15,305		49,615		46,059
Estimated interest factor of rental expense		519		375		1,406		1,347
Total fixed charges	$	34,914	$	37,117	$	102,398	$	102,471
Ratio of earnings to fixed charges		6.8		6.1		6.8		6.5
Rental expense	$	1,572	$	1,135	$	4,260	$	4,082
Estimated interest factor of rental expense (33%)	$	519	$	375	$	1,406	$	1,347

* There was no interest capitalized in any period indicated.