EX-11 4 dex11.htm STATEMENT REGARDING THE COMPUTATION OF PER-SHARE EARNINGS FOR THE REGISTRANT Statement regarding the computation of per-share earnings for the Registrant

Aflac Incorporated 2009 Form 10-K

EXHIBIT 11

Aflac Incorporated and Subsidiaries

Computation of Earnings Per Share

Years Ended December 31,

 

      2009      2008      2007      2006      2005

Numerator (In millions):

                       

Basic and diluted: net earnings applicable to common stock

    $ 1,497      $ 1,254      $ 1,634      $ 1,483      $ 1,483
                                            
                                            

Denominator (In thousands):

                       

Weighted-average outstanding shares used in the computation of earnings per share – basic

      466,552        473,405        487,869        495,614        500,939

Dilutive effect of share-based awards

      2,511        5,410        6,102        6,213        6,765
                                            

Weighted-average outstanding shares used in the computation of earnings per share – diluted

      469,063        478,815        493,971        501,827        507,704
                                            
                                            

Earnings per share:

                       

Basic

    $ 3.21      $ 2.65      $ 3.35      $ 2.99      $ 2.96

Diluted

      3.19        2.62        3.31        2.95        2.92