Exhibit 11. Statement re computation of per share earnings.

TORCHMARK CORPORATION

COMPUTATION OF EARNINGS PER SHARE

	Three months ended June 30,
	2008		2007
Net Income	$	133,726,000	$	127,117,000
Basic weighted average shares outstanding		89,461,429		94,964,817
Diluted weighted average shares outstanding		90,697,732		96,651,585
Basic net income per share	$	1.49	$	1.34
Diluted net income per share	$	1.47	$	1.32
	Six months ended June 30,
	2008		2007
Net Income	$	251,899,000	$	262,308,000
Basic weighted average shares outstanding		90,124,870		96,218,079
Diluted weighted average shares outstanding		91,365,945		97,857,243
Basic net income per share	$	2.79	$	2.73
Diluted net income per share	$	2.76	$	2.68