Exhibit 12

Exhibit 12. Statement re computation of ratios

TORCHMARK CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollar amounts in thousands)

	Year Ended December 31,
	2012		2011		2010		2009		2008
Earnings:
Pre-tax earnings	$	765,993	$	723,782	$	750,570	$	543,570	$	589,446
Fixed charges		81,725		79,481		77,152		71,570		64,918
Earnings before fixed charges	$	847,718	$	803,263	$	827,722	$	615,140	$	654,364
Fixed charges:
Interest expense*	$	79,449	$	76,980	$	74,669	$	69,260	$	62,721
Amortization of bond issue costs		1,063		928		860		672		508
Estimated interest factor of rental expense		1,213		1,573		1,623		1,638		1,689
Total fixed charges	$	81,725	$	79,481	$	77,152	$	71,570	$	64,918
Ratio of earnings to fixed charges		10.4		10.1		10.7		8.6		10.1
Earnings before fixed charges	$	847,718	$	803,263	$	827,722	$	615,140	$	654,364
Interest credited for deposit products		71,918		70,746		69,742		64,799		57,176
Adjusted earnings before fixed charges	$	919,636	$	874,009	$	897,464	$	679,939	$	711,540
Fixed charges	$	81,725	$	79,481	$	77,152	$	71,570	$	64,918
Interest credited for deposit products		71,918		70,746		69,742		64,799		57,176
Adjusted fixed charges	$	153,643	$	150,227	$	146,894	$	136,369	$	122,094
Ratio of earnings to fixed charges including interest credited on deposit products as a fixed charge		6.0		5.8		6.1		5.0		5.8
Rental expense	$	3,677	$	4,767	$	4,919	$	4,963	$	5,117
Estimated interest factor of rental expense (33%)	$	1,213	$	1,573	$	1,623	$	1,638	$	1,689

* There was no interest capitalized in any period indicated.