EX-12 5 a07-4920_1ex12.htm STATEMENT ON COMPUTATION OF EARNINGS PER SHARE

Aflac Incorporated 2006 10-K

EXHIBIT 12

Aflac Incorporated and Subsidiaries
Ratio of Earnings to Fixed Charges
Years Ended December 31,

(In thousands)

 

    2006

 

    2005

 

    2004

 

    2003

 

    2002

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

19,347

 

$

22,515

 

$

22,997

 

$

22,231

 

$

19,809

 

Interest on investment-type contracts

 

12,250

 

9,436

 

6,607

 

3,893

 

2,534

 

Rental expense deemed interest

 

894

 

605

 

615

 

514

 

531

 

Total fixed charges

 

$

32,491

 

$

32,556

 

$

30,219

 

$

26,638

 

$

22,874

 

Earnings before income tax

 

$

2,263,789

 

$

2,226,305

 

$

1,773,375

 

$

1,197,788

 

$

1,222,561

 

Add back:

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

32,491

 

32,556

 

30,219

 

26,638

 

22,874

 

Total earnings before income tax and fixed charges

 

$ 

2,296,280

 

$ 

2,258,861

 

$ 

1,803,594

 

$ 

1,224,426

 

$ 

1,245,435

 

Ratio of earnings to fixed charges

 

70.7x

 

69.4x

 

59.7x

 

46.0x

 

54.4x

 

 

EXH 12-1