Aflac Q3 net earnings $1.6B ($2.53/dil) vs $888M a year ago; adjusted EPS $1.15 down 24.8% YoY

AFLAC INC

2022-Q3 EPS reported $6.25 revenue$15,492,000,000

Net earnings $1.6B ($2.53 diluted) benefited from $695M deferred tax release; adjusted earnings $725M ($1.15 diluted) down 29.7% YoY.
Japan segment pretax adjusted earnings fell 19.2% in yen due to 940bps benefit ratio increase from 'deemed hospitalization'; sales up 10.2% in yen.
U.S. segment pretax adjusted earnings down 13.7% to $309M; sales up 11.8% to $334M.
Board declared Q4 dividend $0.40/share (payable Dec 1, record Nov 16); Q3 share repurchases $650M (11.1M shares).
Yen headwind: average rate 137.08 vs 110.11 YoY, impacting adjusted EPS by $0.08.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AFLAC INC reported the third quarter of 2022 results: revenue $4.8 billion, net income $1.6 billion, EPS $2.53 per diluted share.

Period: the third quarter of 2022
Revenue: $4.8 billion
Net income: $1.6 billion
EPS: $2.53 per diluted share
Result: reported results

Exact text from the filing

Aflac Incorporated (NYSE: AFL) today reported its third quarter results. Total revenues were $4.8 billion in the third quarter of 2022, compared with $5.2 billion in the third quarter of 2021. Net earnings were $1.6 billion, or $2.53 per diluted share, compared with $888 million, or $1.32 per diluted share a year ago

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AFLAC INC reported the first nine months of 2022 results: revenue $15.5 billion, net income $4.0 billion, EPS $6.25 per diluted share.

Period: the first nine months of 2022
Revenue: $15.5 billion
Net income: $4.0 billion
EPS: $6.25 per diluted share
Result: reported results

Exact text from the filing

For the first nine months of 2022, total revenues were down 7.1% to $15.5 billion, compared with $16.7 billion in the first nine months of 2021. Net earnings were $4.0 billion, or $6.25 per diluted share, compared with $3.3 billion, or $4.82 per diluted share, for the first nine months of 2021.

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Source: SEC EDGAR

accession 0000004977-22-000142

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