UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2008 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 November 13, 2008 (Signature) 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: 18 Form 13F Information Table Value Total: $67,150 (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 Title of Value Shrs or Investment Other ------------------ Name of Issuer Class CUSIP (x $1000) prn amt SH/PRN Put/Call Discretion Managers Sole Shared None ------------------------- -------- --------- --------- ------- -------- -------- ---------- -------- ---- ------ ---- 1 Allstate Corp Common 020002101 10677 231500 SH Sole X 2 American Express Co Common 025816109 4429 125000 SH Sole X 3 Arcelormittal Sa Luxembourg NY Common 03938L104 5629 114000 SH Sole X 4 Argo Group International Holdings Ltd Common G0464B107 389 10561 SH Sole X 5 Bank of America Corp Common 060505104 5590 159700 SH Sole X 6 Cummins Inc Common 231021106 3148 72000 SH Sole X 7 Encana Corp Common 292505104 6034 91800 SH Sole X 8 General Mills Inc Common 370334104 2062 30000 SH Sole X 9 Hartford Finl Svc Grp Inc Common 416515104 1513 36900 SH Sole X 10 Kraft Foods Inc Common 50075N104 1474 45000 SH Sole X 11 Lowe's Cos Inc Common 54861107 2570 108500 SH Sole X 12 Methanex Corp Common 59151K108 4485 225500 SH Sole X 13 Parker Hannifin Corp Common 701094104 2677 50500 SH Sole X 14 Seaboard Corp Common 811543107 2807 2233 SH Sole X 15 Steel Dynamics Inc Common 858119100 256 15000 SH Sole X 16 Torchmark Corp Common 891027104 3827 64000 SH Sole X 17 Trinity Industries Inc Common 902973304 232 9000 SH Sole X 18 US Bancorp Common 902973304 9351 259600 SH Sole X