EXHIBIT 11

AFLAC INCORPORATED AND SUBSIDIARIES
Computation of Earnings Per Share

			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2002		2001		2002		2001
Numerator (in millions):
	Basic:  net earnings applicable
	to common stock	$	240	$	193	$	635	$	525
	Diluted:  net earnings applicable
	to common stock		240		193		635		525
Denominator (in thousands):
	Average outstanding shares used in the
	computation of earnings per share - basic		516,984		524,266		518,169		526,063
	Average outstanding shares used in the
	computation of earnings per share - basic		516,984		524,266		518,169		526,063
	Dilutive effect of stock options		10,924		11,777		10,869		12,910
	Average outstanding shares used in the
	computation of earnings per share - diluted		527,908		536,043		529,038		538,973
Earnings per share:
	Basic	$	.46	$	.37	$	1.22	$	1.00
	Diluted		.45		.36		1.20		.97

EXH 11-1