EX-11 2 afl063015ex11.htm EXHIBIT 11 AFL 06.30.15 Ex 11


EXHIBIT 11
Aflac Incorporated and Subsidiaries
Computation of Earnings Per Share

 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2015
 
2014
 
2015
 
2014
Numerator (In millions):
 
 
 
 
 
 
 
Basic and diluted: net earnings applicable to common stock
$
573

 
$
810

 
$
1,236

 
$
1,542

Denominator (In thousands):
 
 
 
 
 
 
 
Weighted-average outstanding shares used in the
computation of earnings per share - basic
431,672

 
452,559

 
434,473

 
453,639

Dilutive effect of share-based awards
2,585

 
2,821

 
2,604

 
2,895

Weighted-average outstanding shares used in the
computation of earnings per share - diluted
434,257

 
455,380

 
437,077

 
456,534

Earnings per share:
 
 
 
 
 
 
 
Basic
$
1.33

 
$
1.79

 
$
2.84

 
$
3.40

Diluted
1.32

 
1.78

 
2.83

 
3.38