EX-11 3 q306exh11.htm COMPUTATION OF PER-SHARE EARNINGS AFL 3-06 10-Q Exh 11

Aflac Incorporated 1st Quarter 2006 Form 10-Q

EXHIBIT 11

Aflac Incorporated and Subsidiaries
Computation of Earnings Per Share
Three Months Ended March 31,

   

2006  

  

2005  

    

Numerator (in millions):

              

Basic: net earnings applicable to common stock

$

375

  

$

328

    

Diluted: net earnings applicable to common stock

  

375

    

328

    

Denominator (in thousands):

              

Average outstanding shares used in the computation

              

  of earnings per share - basic

  

498,037

    

502,706

    

Average outstanding shares used in the computation

              

  of earnings per share - basic

  

498,037

    

502,706

    

Dilutive effect of share-based awards

  

6,537

    

6,743

    

 

Average outstanding shares used in the computation

              
 

  of earnings per share - diluted

  

504,574

    

509,449

    

Earnings per share:

              

Basic

$

.75

  

$

.65

    
 

Diluted

  

.74

    

.64

    

               

 

EXH 11-1