earnings
confidence high
sentiment neutral
materiality 0.70
Aflac Q2 net earnings up 37.7% to $1.63/sh; adjusted EPS down 1.7% to $1.75; declares $0.61 dividend
AFLAC INC
- Net earnings $825M ($1.63 diluted EPS) vs $599M ($1.11) a year ago, up 37.7% due to lower investment losses.
- Adjusted earnings $883M, down 7.7% YoY; adjusted EPS $1.75, down 1.7%; yen headwind of $0.05 per share.
- Japan pretax adjusted earnings in yen up 3.4% to ¥118.2B; net earned premiums down 3.7% in yen.
- U.S. net earned premiums up 2.3% to $1.539B; pretax adjusted earnings down 4.6% to $370M.
- Board declares Q3 dividend $0.61/share, up 5.2% from $0.58; payable Sept 1, record Aug 19.