EX-11 3 g14545exv11.htm EX-11 STATEMENT RE: COMPUTATION OF PER-SHARE EARNINGS EX-11 STATEMENT RE: COMP. OF PER-SHARE EARNINGS
EXHIBIT 11
Aflac Incorporated and Subsidiaries
Computation of Earnings Per Share
                                 
    Three Months Ended   Six Months Ended
    June 30,   June 30,
    2008   2007   2008   2007
 
Numerator (In millions):
                                
Basic and diluted: net earnings applicable to common stock
   $ 483     $ 415     $ 957     $ 831  
 
Denominator (In thousands):
                                
Weighted-average outstanding shares used in the computation of earnings per share — basic
     474,383       487,900       476,261       489,219  
Dilutive effect of share-based awards
     6,445       6,327       6,362       6,216  
 
Weighted-average outstanding shares used in the computation of earnings per share — diluted
     480,828       494,227       482,623       495,435  
 
Earnings per share:
                                
Basic
   $ 1.02     $ .85     $ 2.01     $ 1.70  
Diluted
     1.00       .84       1.98       1.68  
 
EXH 11-1