UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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
November 2, 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: 26
Form 13F Information Table Value Total:
$ 151,745 (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 Put/ Investment Other ----------------
Issuer Class CUSIP (x $1000) prn amt SH/PRN Call Discretion Managers Sole Shared None
------------------------------ -------- --------- --------- ------- -------- ---- ---------- -------- ---- ---------------- ----
Allstate Corp Common 020002101 13,017 207,500 SH Sole X
Ambac Finl Grp Inc Common 023139108 6,041 73,000 SH Sole X
Anadarko Petroleum Corp Common 032511107 11,703 267,000 SH Sole X
Argonaut Group Inc Common 040157109 505 16,289 SH Sole X
Bank of America Corp Common 060505104 5,930 109,700 SH Sole X
CIT Group Inc Common 125581108 9,483 195,000 SH Sole X
Cummins Inc Common 231021106 8,525 71,500 SH Sole X
Deere & Company Common 244199105 2,098 25,000 SH Sole X
Delta Apparel Inc Common 247368103 1,429 73,300 SH Sole X
Goldman Sachs L/C Val Fd Common 38142Y773 1,291 90,199 SH Sole X
Indymac Bancorp Inc Common 456607100 2,490 60,500 SH Sole X
MBIA Inc Common 55262C100 10,064 163,800 SH Sole X
MGIC Investment Corp Wisconsin Common 552848103 14,681 244,800 SH Sole X
MI Schottenstein Home Inc Common 55305B101 2,333 66,000 SH Sole X
NS Group Inc Common 628916108 5,293 82,000 SH Sole X
Old Republic Intern'l Corp Common 680223104 623 28,125 SH Sole X
PMI Group Inc (The) Common 69344M101 1,884 43,000 SH Sole X
Premium Standard Farms Inc Common 74060C105 1,429 75,000 SH Sole X
Radian Group Inc Common 750236101 9,480 158,000 SH Sole X
Safeco Corp Common 786429100 8,633 146,500 SH Sole X
Steel Dynamics Inc Common 858119100 3,632 72,000 SH Sole X
Torchmark Corp Common 891027104 4,039 64,000 SH Sole X
US Bancorp Common 902973304 4,837 145,600 SH Sole X
Westlake Chemical Corp Common 960413102 3,912 122,200 SH Sole X
Fresh Del Monte Produce Inc Common G36738105 7,419 426,600 SH Sole X
General Maritime Corp Common Y2692M103 10,974 300,000 SH Sole X