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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2011
Schedule Of Percentages Of Investments By Major Components At Fair Value

Concentrations of Credit Risk:    Torchmark maintains a diversified investment portfolio with limited concentration in any given issuer. At December 31, 2011, the investment portfolio, at fair value, consisted of the following:

 

Investment-grade corporate securities

     80

Securities of state and municipal governments

     11   

Below-investment-grade securities

     5   

Policy loans, which are secured by the underlying insurance policy values

     3   

Other fixed maturities, equity securities, mortgages, real estate, other long-term investments, and short-term investments

     1   
  

 

 

 
     100
  

 

 

 
Schedule Of Industry Concentrations Held In The Corporate Portfolio Based On Fair Value

Corporate debt and equity investments are made in a wide range of industries. Below are the ten largest industry concentrations held in the corporate portfolio at December 31, 2011, based on fair value:

 

Insurance

     18

Electric utilities and services

     17

Banks

     12

Oil and gas extraction

     6

Pipelines

     6

Mining

     4

Transportation

     3

Chemicals

     3

Telecommunications

     3

Diversified financial services

     2