EX-11 2 afl093013ex11.htm EX-11 AFL 09.30.13 Ex 11


EXHIBIT 11
Aflac Incorporated and Subsidiaries
Computation of Earnings Per Share
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2013
 
2012
 
2013
 
2012
Numerator (In millions):
 
 
 
 
 
 
 
Basic and diluted: net earnings applicable to common stock
$
702

 
$
1,017

 
$
2,483

 
$
2,285

Denominator (In thousands):
 
 
 
 
 
 
 
Weighted-average outstanding shares used in the
computation of earnings per share - basic
464,324

 
467,422

 
465,325

 
466,702

Dilutive effect of share-based awards
3,067

 
2,299

 
2,727

 
2,249

Weighted-average outstanding shares used in the
computation of earnings per share - diluted
467,391

 
469,721

 
468,052

 
468,951

Earnings per share:
 
 
 
 
 
 
 
Basic
$
1.51

 
$
2.17

 
$
5.34

 
$
4.90

Diluted
1.50

 
2.16

 
5.31

 
4.87