EX-12 4 q306exh12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AFL 3-06 10-Q Exh 12

Aflac Incorporated 1st Quarter 2006 Form 10-Q

EXHIBIT 12

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

(In thousands)

2006   

  

2005   

    

Fixed charges:

              

Interest expense

$

4,915

  

$

5,889

    
 

Interest on investment-type contracts

  

2,716

    

2,169

    

Rental expense deemed interest

  

174

    

144

    

 

Total fixed charges

$

7,805

  

$

8,202

    

Earnings before income tax

$

574,426

  

$

506,519

    

Add back:

              

Total fixed charges

  

7,805

    

8,202

    

 

Total earnings before income tax

              

 

  and fixed charges

$

582,231

  

$

514,721

    

                   

 

   Ratio of earnings to fixed charges

  

74.6x

    

62.8x

    

                   

 

EXH 12-1