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## CONDENSED CONSOLIDATED STATEMENT OF NET OPERATING INCOME 

(Unaudited and in thousands except per share amounts) 

<img src='content_image/63882.jpg'>

The Condensed Consolidated Statement of Net Operating Income has been prepared in the manner Torchmark management uses to evaluate the operating results of the company. It differs from the Consolidated Statement of Operations found in the attached SEC Form 10-K primarily by the reclassification of interest on net policy liabilities and the exclusion of the nonoperating items listed above. 

