EX-12 4 q305exh12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AFL 3-05 Form 10-Q Exhibit 12

Aflac Incorporated 1st Quarter 2005 Form 10-Q

EXHIBIT 12

Aflac Incorporated and Subsidiaries
Ratio of Earnings to Fixed Charges
Three Months Ended March 31,

(In thousands)

2005   

  

2004   

    

Fixed charges:

              

Interest expense

$

5,889

  

$

5,920

    
 

Interest on investment-type contracts

  

2,169

    

1,410

    

Rental expense deemed interest

  

144

    

144

    

 

Total fixed charges

$

8,202

  

$

7,474

    

Earnings before income tax

$

506,519

  

$

466,374

    

Add back:

              

Total fixed charges

  

8,202

    

7,474

    

 

Total earnings before income tax

              

 

  and fixed charges

$

514,721

  

$

473,848

    

                   

 

   Ratio of earnings to fixed charges

  

62.8x

    

63.4x

    

                   

 

 

EXH 12-1