EX-11 5 g11443exv11.htm EX-11 STATEMENT RE: COMP. OF PER SHARE EARNINGS EX-11 STATEMENT RE: COMP. OF PER SHARE EARNINGS
 

 
EXHIBIT 11
 
Aflac Incorporated and Subsidiaries
Computation of Earnings Per Share
Years Ended December 31,
 
                                       
 
    2007     2006     2005     2004     2003
 
 
Numerator (In millions):
                                     
Basic and diluted: net earnings applicable to common stock
  $ 1,634     $ 1,483     $ 1,483     $ 1,266     $ 768
 
 
Denominator (In thousands):
                                     
Weighted-average outstanding shares used in the computation of earnings per share — basic
     487,869        495,614        500,939        507,333        513,220
Dilutive effect of share-based awards
    6,102       6,213       6,765       9,088       8,918
 
 
Weighted-average outstanding shares used in the computation of earnings per share — diluted
    493,971       501,827       507,704       516,421       522,138
 
 
Earnings per share:
                                     
Basic
  $ 3.35     $ 2.99     $ 2.96     $ 2.49     $ 1.50
Diluted
    3.31       2.95       2.92       2.45       1.47
 
 


EXH 11-1