EX-12 4 g07101exv12.htm EX-12 STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS EX-12 STATEMETN RE: COMPUTATION/RATIO OF EARNINGS
 

EXHIBIT 12
Aflac Incorporated and Subsidiaries
Ratio of Earnings to Fixed Charges
Three Months Ended March 31,
                 
 
(In thousands)   2007     2006  
 
Fixed charges:
                
Interest expense
   $   7,977     $  4,915  
Interest on investment-type contracts
     3,548       2,716  
Rental expense deemed interest
     238       174  
 
Total fixed charges
   $   11,763     $  7,805  
 
Earnings before income tax
   $   636,066     $  574,426  
Add back:
                
Total fixed charges
     11,763       7,805  
 
Total earnings before income tax and fixed charges
   $   647,829     $  582,231  
 
 
                
Ratio of earnings to fixed charges
     55.1x       74.6x  
 

EXH 12-1