EX-11 3 afl033113ex11.htm EX-11 AFL 03.31.13 Ex 11


EXHIBIT 11
Aflac Incorporated and Subsidiaries
Computation of Earnings Per Share
Three Month Ended March 31,
 
 
2013
 
2012
Numerator (In millions):
 
 
 
Basic and diluted: net earnings applicable to common stock
$
892

 
$
785

Denominator (In thousands):
 
 
 
Weighted-average outstanding shares used in the computation of earnings per share - basic
466,462

 
465,887

Dilutive effect of share-based awards
2,662

 
2,646

Weighted-average outstanding shares used in the computation of earnings per share - diluted
469,124

 
468,533

Earnings per share:
 
 
 
Basic
$
1.91

 
$
1.68

Diluted
1.90

 
1.68