UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2006
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: Carol A. McCoy
Title: Vice President, Associate Counsel & Secretary
Phone: 205-325-4243
Signature, Place and Date of Signing:
/s/ Carol A. McCoy
--------------------------
(Signature)
Birmingham, AL
August 14, 2006
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: 30
Form 13F Information Table Value Total:
$ 273,432 (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
-------- -------- --------- --------- -------- ---------- -------- ----------------
Name of Title of Value Shrs or Investment Other Voting authority
Issuer Class CUSIP (x $1000) prn amt SH/PRN Put/Call Discretion Managers Sole Shared None
------- -------- --------- --------- ------- -------- -------- ---------- -------- ---- ---------------- ----
Ambac Finl
Group,
Inc............ Common 023139108 5,920 73,000 SH Sole X
Bank of
America
Corp........... Common 060505104 1,720 35,760 SH Sole X
Deere &
Company........ Common 244199105 2,254 27,000 SH Sole X
Indymac
Bancorp,
Inc............ Common 456607100 2,774 60,500 SH Sole X
MBIA, Inc........ Common 55262C100 9,591 163,800 SH Sole X
M/I
Schottenstein
Homes,
Inc............ Common 55305B101 2,456 70,000 SH Sole X
Old Rep Intl
Corp........... Common 680223104 3,112 145,625 SH Sole X
Zales Corp
New............ Common 988858106 1,024 42,500 SH Sole X
Torchmark
Corp........... Common 891027104 3,886 64,000 SH Sole X
Fresh Del
Monte
Produce
Inc............ Common G36738105 10,576 612,400 SH Sole X
General
Maritime
Corp........... Common Y2692M103 11,088 300,000 SH Sole X
Anadarko
Petroleum
Corp........... Common 032511107 14,116 296,000 SH Sole X
Delta Apparel
Inc............ Common 247368103 1,256 73,300 SH Sole X
Argonaut
Group,
Inc............ Common 040157109 489 16,289 SH Sole X
Allstate
Corp........... Common 020002101 10,700 195,500 SH Sole X
MGIC Invt.
Corp.
Wis............ Common 552848109 16,172 248,800 SH Sole X
Steel Dynamics
Inc............ Common 858119100 4,733 72,000 SH Sole X
CIT Group
Inc............ Common 125581108 10,040 192,000 SH Sole X
Pilgrims Price
Corp........... Common 721467108 1,006 39,000 SH Sole X
US Bancorp....... Common 902973304 6,670 216,000 SH Sole X
Cummins
Inc............ Common 231021106 8,252 67,500 SH Sole X
Dow Chemical
Co............. Common 260543103 2,108 54,000 SH Sole X
PMI Group Inc.
(The).......... Common 69344M101 1,917 43,000 SH Sole X
Premium
Standard
Farms Inc...... Common 74060C105 836 51,500 SH Sole X
Radian Group
Inc............ Common 750236101 9,761 158,000 SH Sole X
Safeco Corp...... Common 786429100 7,382 131,000 SH Sole X
Sanderson
Farms Inc...... Common 800013104 1,330 47,500 SH Sole X
Westlake
Chemical
Corp........... Common 960413102 3,263 109,500 SH Sole X
NS Group
Inc............ Common 628916108 82,000 4517 SH Sole X
Watson
Pharmaceuticals
Inc............ Common 942683103 37,000 861 SH Sole X