Aflac Incorporated 3rd Quarter 2005 Form 10-Q

EXHIBIT 12

Aflac Incorporated and Subsidiaries
Ratio of Earnings to Fixed Charges

			Three Months Ended				Nine Months Ended
			September 30,				September 30,
(In thousands)			2005		2004		2005			2004
Fixed charges:
	Interest expense		$	5,960	$	5,711	$	17,406	$	17,189
	Interest on investment-type contracts			2,423		1,709		6,899		4,665
	Rental expense deemed interest			124		151		435		436
		Total fixed charges	$	8,507	$	7,571	$	24,740	$	22,290
Earnings before income tax			$	644,775	$	451,565	$	1,667,195	$	1,331,468
Add back:
	Total fixed charges			8,507		7,571		24,740		22,290
		Total earnings before income
		tax and fixed charges	$	653,282	$	459,136	$	1,691,935	$	1,353,758
		Ratio of earnings to fixed charges		76.8x		60.6x		68.4x		60.7x

EXH 12-1