EX-12 4 k05exh12.htm STATEMENT ON COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AFL 2005 10-K Exhibit 12

Aflac Incorporated 2005 Form 10-K

EXHIBIT 12

Aflac Incorporated and Subsidiaries

Ratio of Earnings to Fixed Charges

Years Ended December 31,
                               

                               

(In thousands)

  

2005  

    

2004  

    

2003  

    

2002  

    

2001  

  

                               

Fixed charges:

                              

Interest expense

$

22,515

  

$

22,997

  

$

22,231

  

$

19,809

  

$

19,311

  
 

Interest on investment-

                              

  type contracts

  

9,436

    

6,607

    

3,893

    

2,534

    

1,286

  
 

Rental expense deemed interest

  

605

    

615

    

514

    

531

    

451

  

 

Total fixed charges

$

32,556

  

$

30,219

  

$

26,638

  

$

22,874

  

$

21,048

  

                                   

Earnings before income tax

$

2,226,305

  

$

1,773,375

  

$

1,197,788

  

$

1,222,561

  

$

1,046,856

  

Add back:

                              

Total fixed charges

  

32,556

    

30,219

    

26,638

    

22,874

    

21,048

  

                                   

 

Total earnings before income

                              

 

  tax and fixed charges

$

2,258,861

  

$

1,803,594

  

$

1,224,426

  

$

1,245,435

  

$

1,067,904

  

                                   

 

Ratio of earnings

                              

 

  to fixed charges

  

69.4x

    

59.7x

    

46.0x

    

54.4x

    

50.7x

  
                                   

                                 

 

EXH 12-1