EX-11 2 g13177exv11.htm EX-11 STATEMENT REGARDING THE COMPUTATION OF PER-SHARE EARNINGS EX-11 COMPUTATION OF PER-SHARE EARNINGS
 

EXHIBIT 11
Aflac Incorporated and Subsidiaries
Computation of Earnings Per Share
                 
    Three Months Ended March 31,
    2008   2007
 
Numerator (in millions):
                
Basic and diluted: net earnings applicable to common stock
   $ 474     $ 416  
 
Denominator (in thousands):
                
Weighted-average outstanding shares used in the computation of earnings per share — basic
     478,138       490,554  
Dilutive effect of share-based awards
     6,279       6,104  
 
Weighted-average outstanding shares used in the computation of earnings per share — diluted
     484,417       496,658  
 
 
                
Earnings per share:
                
Basic
   $ 0.99     $ 0.85  
Diluted
     0.98       0.84  
 
EXH 11-1