UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2010 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 --------------------- (Signature) Birmingham, AL November 10, 2010 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: 28 Form 13F Information Table Value Total: $65,799 (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 -------------------------------------------------------------------------------------------------------------------- 1 AFLAC Inc. COMMON 001055102 3018 54000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 2 ALTRIA GROUP INC COMMON 02209S103 1652 65000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 3 AMERICAN EXPRESS CO COMMON 025816109 1990 48000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 4 ARCHER DANIELS COMMON 39483102 1466 44000 SH SOLE X MIDLAND CO -------------------------------------------------------------------------------------------------------------------- 5 ARGO GROUP COMMON G0464B107 366 10561 SH SOLE X INTERNATIONAL HOLDINGS LTD. -------------------------------------------------------------------------------------------------------------------- 6 AT&T INC COMMON 00206R102 570 20000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 7 BECTON DICKINSON CO COMMON 075887109 755 10000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 8 COMPUTER SCIENCES CORP COMMON 205363104 1962 40000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 9 CVS CORP COMMON 126650100 1175 39000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 10 DRESSER-RAND GROUP INC COMMON 261608103 821 24000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 11 GENERAL ELECTRIC CO COMMON 369604103 945 59000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 12 GENERAL MILLS INC COMMON 370334104 2629 70000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 13 HJ HEINZ CO COMMON 423074103 491 10000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 14 IBM CORP COMMON 459200101 7611 53000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 15 ITT INDUSTRIES INC COMMON 450911102 1369 29000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 16 JM SMUCKER CO COMMON 832696405 1350 21000 SH SOLE -------------------------------------------------------------------------------------------------------------------- 17 JOHNSON & JOHNSON COMMON 478160104 2167 34000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 18 KELLOGG CO COMMON 487836108 1307 26000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 19 KRAFT FOODS INC. COMMON 50075N104 3001 93000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 20 L-3 COMMUNICATIONS COMMON 502424104 2021 28000 SH SOLE X HLDG INC -------------------------------------------------------------------------------------------------------------------- 21 MCDONALD'S CORP COMMON 580135101 467 6000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 22 MEDTRONIC INC COMMON 585055106 203 6000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 23 NRG ENERGY INC COMMON 629377508 1712 86000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 24 SPDR SER TR KBW BK COMMON 78464A797 655 29000 SH SOLE X ETF -------------------------------------------------------------------------------------------------------------------- 25 TORCHMARK CORP COMMON 891027104 18387 321000 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 26 UNIVERSAL CORP COMMON 913456109 1305 31500 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 27 US BANCORP COMMON 902973304 4346 179600 SH SOLE X -------------------------------------------------------------------------------------------------------------------- 28 WAL-MART STORES INC COMMON 931142103 2058 38000 SH SOLE X --------------------------------------------------------------------------------------------------------------------