TORCHMARK &lt;TMK> AUTHORIZES STOCK REPURCHASE

  Torchmark Corp said its board
  authorized the purchase from time to time of a significant
  portion of its 7-3/4 pct convertible subordinated debentures.
  As of February 25, it said there were outstanding 150 mln dlrs
  of the principal amount of debenures.
      The company also said it plans to redeem the debentures on
  June eight.
      It also declared a regular quarterly dividend of 25 cts per
  share on its common payable May one to shareholders of record
  April 10.
  

