UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2004
Check here if Amendment [_] Amendment Number: _________
This Amendment (Check only one):
[_] is a restatement.
[_] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Torchmark Corporation
Address: 2001 Third Avenue South
Birmingham, AL 35233
Form 13F File Number: 28-1112
The institutional investment manager filing this report and the person
by whom it is signed hereby represent that the person signing the
report is authorized to submit it, that all information contained
herein is true, correct and complete, and that it is understood that
all required items, statements, schedules, lists and tables are
considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Reporting Manager:
Name: Michael J. Klyce
Title: Vice President & Treasurer
Phone: 205-325-2051
Signature, Place and Date of Signing:
/s/ Michael J. Klyce
--------------------------------------------------------------------------------
(Signature)
Birmingham, AL
May 13, 2004
Report Type (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[_] 13F NOTICE. (Check here if no holdings reporting are in this report and all
holdings are reported by other reporting manager(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reporting
by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 23
Form 13F Information Table Value Total:
$ 118,094 (thousands)
List of Other Included Managers: None
Provide a numbered list of the name(s) and Form 13F file number(s) of
all institutional investment managers with respect to which this report
is filed, other than the manager filing this report. [If there are no
entries in this list, state "NONE" and omit the column headings and
list entries.]
FORM 13F INFORMATION TABLE
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Voting authority
Name of Title of Value Shrs or Investment Other ----------------
Issuer Class CUSIP (x $1000) prn amt SH/PRN Put/Call Discretion Managers Sole Shared None
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Allstate Corp Common 020002101 572 12,575 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
AmSouth
Bancorporation Common 032165102 27,075 1,151,625 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Brown & Brown, Inc. Common 115236101 1,242 32,035 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
DR Horton, Inc. Common 23331A109 2,551 72,000 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Fidelity Natl
Finl, Inc. Common 316326107 262 6,008 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Flagstar Bancorp
Inc. Common 337930101 4,989 194,500 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Indymac
Bancorp, Inc. Common 456607100 8,474 233,500 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
MGIC Int Corp Wis Common 552848103 13,007 202,500 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
M/I Schottenstein
Homes, Inc. Common 55305B101 4,690 99,200 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
New York Cmmty
Bancorp, Inc. Common 649445103 5,224 152,384 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Old Rep Intl Corp Common 680223104 13,643 555,500 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Reinsurance Group
Amer Inc. Common 759351109 297 7,239 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Sanderson Farms
Inc. Common 800013104 1,377 37,500 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Bank of America
Corp Common 060505104 619 7,700 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Stanley Furniture
Inc. Common 854305208 2,998 77,000 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Torchmark Corp Common 891027104 2,958 55,000 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Fresh Del Monte
Produce Inc. Common G36738105 21,103 819,200 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Land America Finl
Corp Inc. Common 514936103 4,707 104,000 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Erie Indemnity
Company Class A Common 29530P102 511 10,588 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Progressive
Corporation Common 743315103 571 6,516 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
HCC Insurance
Holdings Inc. Common 404132102 632 19,547 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Mercury General
Corp Common 589400100 338 6,760 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------
Proassurance Corp Common 74267C106 254 7,257 SH Sole X
-------------------- --------- --------- ----------- ---------- -------- -------- ---------- ---------- ---- ---------------- ------