earnings
confidence high
sentiment negative
materiality 0.75
Aflac Q1 net earnings fell to $1.0B ($1.58 EPS); revenue down 10%; Japan sales weak, US sales up 19%
AFLAC INC
2022-Q1 EPS reported
$1.58
revenue$5,272,000,000
- Net earnings $1.0B ($1.58 diluted EPS) vs $1.3B ($1.87) YoY; adjusted EPS $1.42, down 7.2%.
- Total revenues $5.3B, down 10.2%; weaker yen (avg 116.18) hurt reported results.
- Japan new sales ¥11.9B, down 14.8% due to pandemic; pretax adjusted profit margin improved to 25.3%.
- US sales increased 19% to $299M; but pretax adjusted earnings fell 27% to $325M on higher claims.
- Quarterly dividend $0.40 (+21% YoY); $500M share repurchase in Q1; 47.8M shares left.