EX-11 4 a07-4920_1ex11.htm STATEMENT ON COMPUTATION OF EARNINGS PER SHARE

Aflac Incorporated 2006 10-K

EXHIBIT 11

Aflac Incorporated and Subsidiaries
Computation of Earnings Per Share
Years Ended December 31,

 

 2006

 

 2005

 

 2004

 

 2003

 

 2002

 

Numerator (In millions):

 

 

 

 

 

 

 

 

 

 

 

Basic: net earnings applicable to common stock

 

$

1,483

 

$

1,483

 

$

1,266

 

$

768

 

$

785

 

Diluted: net earnings applicable to common stock

 

1,483

 

1,483

 

1,266

 

768

 

785

 

Denominator (In thousands):

 

 

 

 

 

 

 

 

 

 

 

Average outstanding shares used in the computation of earnings per share - basic

 

495,614

 

500,939

 

507,333

 

513,220

 

517,541

 

Dilutive effect of stock options

 

6,213

 

6,765

 

9,088

 

8,918

 

10,785

 

Average outstanding shares used in the computation of earnings per share - diluted

 

501,827

 

507,704

 

516,421

 

522,138

 

528,326

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.99

 

$

2.96

 

$

2.49

 

$

1.50

 

$

1.52

 

Diluted

 

2.95

 

2.92

 

2.45

 

1.47

 

1.49

 

 

EXH 11-1