UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2007
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: 3700 South Stonebridge Drive
McKinney, Texas 75070
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 Birmingham, AL May 2, 2007
[Signature] [City, State] [Date]
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 reported 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 reported by other reporting
manager(s).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 25
Form 13F Information Table Value Total:
$152,703(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
------- - -------- --------- --------- ------- -------- -------- ---------- -------- ---- ---------------- ----
Allstate Corp..... Common 020002101 13,183 219,500 SH Sole X
Ambac Finl Grp
Inc............. Common 023139108 6,306 73,000 SH Sole X
Anadarko
Petroleum Corp.. Common 032511107 12,507 291,000 SH Sole X
Argonaut Group
Inc............. Common 040157109 527 16,289 SH Sole X
Bank of America
Corp............ Common 060505104 9,071 177,800 SH Sole X
CIT Group Inc..... Common 125581108 10,319 195,000 SH Sole X
Cummins Inc....... Common 231021106 12,084 83,500 SH Sole X
Delta Apparel Inc. Common 247368103 452 26,000 SH Sole X
Encana Corp....... Common 292505104 5,458 107,800 SH Sole X
Encore Wire Corp.. Common 292562105 861 34,000 SH Sole X
General Maritime
Corp............ Common Y2692M103 8,664 300,000 SH Sole X
Home Depot Inc.... Common 437076102 6,154 167,500 SH Sole X
Indymac Bancorp
Inc............. Common 456607100 1,619 50,500 SH Sole X
Lowe's Cos Inc.... Common 54861107 4,708 149,500 SH Sole X
MI Schottenstein
Home Inc........ Common 55305B101 1,752 66,000 SH Sole X
MBIA Inc.......... Common 55262C100 10,138 154,800 SH Sole X
MGIC Investment
Corp Wisconsin.. Common 552848103 5,633 95,600 SH Sole X
OMI Corp.......... Common Y6476W104 3,116 116,000 SH Sole X
PMI Group Inc
(The)........... Common 69344M101 2,578 57,000 SH Sole X
Radian Group
Inc............. Common 750236101 8,781 160,000 SH Sole X
Safeco Corp....... Common 786429100 12,203 183,700 SH Sole X
Steel Dynamics
Inc............. Common 858119100 6,221 144,000 SH Sole X
Torchmark Corp.... Common 891027104 4,198 64,000 SH Sole X
US Bancorp........ Common 902973304 2,364 67,600 SH Sole X
Westlake
Chemical Corp... Common 960413102 3,806 140,200 SH Sole X