Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - GLOBE LIFE INC. | d10q.htm |
| EX-11 - COMP OF EARNING PER SHARE - GLOBE LIFE INC. | dex11.htm |
| EX-31.1 - CERTIFICATION BY MARK S. MCANDREW - GLOBE LIFE INC. | dex311.htm |
| EX-31.2 - CERTIFICATION BY GARY L. COLEMAN - GLOBE LIFE INC. | dex312.htm |
| EXCEL - IDEA: XBRL DOCUMENT - GLOBE LIFE INC. | Financial_Report.xls |
| EX-32.1 - CERTIFICATION BY MARK S. MCANDREW AND GARY L. COLEMAN - GLOBE LIFE INC. | dex321.htm |
Exhibit 12. Statement re computation of ratios
TORCHMARK CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollar amounts in thousands)
| Three Months Ended June 30, |
Six Months Ended June 30, | |||||||||||
| 2010 | 2009 | 2010 | 2009 | |||||||||
| Earnings: |
||||||||||||
| Pre-tax earnings |
$ | 189,974 | $ | 160,407 | $ | 373,409 | $ | 286,703 | ||||
| Fixed charges |
39,629 | 34,511 | 79,192 | 68,384 | ||||||||
| Earnings before fixed charges |
$ | 229,603 | $ | 194,918 | $ | 452,601 | $ | 355,087 | ||||
| Fixed charges: |
||||||||||||
| Interest expense* |
16,954 | 14,777 | 35,678 | 30,306 | ||||||||
| Amortization of bond issue costs |
1,858 | 139 | 2,071 | 274 | ||||||||
| Interest credited for deposit products |
20,448 | 19,227 | 40,651 | 37,085 | ||||||||
| Estimated interest factor of rental expense |
369 | 368 | 792 | 719 | ||||||||
| Total fixed charges |
$ | 39,629 | $ | 34,511 | $ | 79,192 | $ | 68,384 | ||||
| Ratio of earnings to fixed charges |
5.8 | 5.6 | 5.7 | 5.2 | ||||||||
| Rental expense |
$ | 1,119 | $ | 1,116 | $ | 2,399 | $ | 2,180 | ||||
| Estimated interest factor of rental expense (33%) |
$ | 369 | $ | 368 | $ | 792 | $ | 719 | ||||
| * | There was no interest capitalized in any period indicated. |