EXCHANGE: New York Stock Exchange
When a policyholder gets sick or hurt, Aflac pays cash
benefits fast. For nearly six decades, Aflac insurance policies have
given policyholders the opportunity to focus on recovery, not financial
stress. In the United States, Aflac is the leading provider of
voluntary insurance. In Japan, Aflac is the number one life insurance
company in terms of individual policies in force. Aflac individual and
group insurance products help provide protection to more than 50
million people worldwide. For seven consecutive years, Aflac has been
recognized by Ethisphere magazine as one of the World's Most Ethical
Companies. In 2014, FORTUNE magazine recognized Aflac as one of the 100
Best Companies to Work For in America for the 16th consecutive year.
Also, in 2013, FORTUNE magazine included Aflac on its list of Most
Admired Companies for the 12th time, ranking the company number one in
the life and health insurance category. Aflac Incorporated is a Fortune
500 company listed on the New York Stock Exchange under the symbol AFL.
To find out more about Aflac, visit aflac.com or espanol.aflac.com.
Incorporated Announces Third Quarter Results, Upwardly Revises 2017
Operating EPS Outlook, Increases Fourth Quarter Cash Dividend 4.7%
COLUMBUS, Ga., Oct. 25, 2017 /PRNewswire/ -- Aflac Incorporated today reported its third quarter results.
were $5.5 billion during the third quarter of 2017, compared with $5.7
billion in the third quarter of 2016. Net earnings were $716 million,
or $1.80 per diluted share, compared with $629 million, or $1.53 per
diluted share a year ago. The increase in net earnings in the third
quarter of 2017 primarily reflects realized investment gains compared
with third quarter 2016.
in the third quarter of 2017 included pretax net realized investment
gains of $71 million, or $0.18 per diluted share on a pretax basis,
compared with pretax net losses of $130 million, or $0.32 per diluted
share a year ago. Beginning in the first quarter of 2017, the company
began reporting amortized hedge costs associated with certain U.S.
dollar investments in the Japan portfolio as part of operating
earnings. Pretax net realized gains from securities transactions and
impairments for the third quarter amounted to $53 million and were
composed of pretax net realized investment gains from securities
transactions of $61 million and pretax realized investment losses from
impairments and change in loan loss reserves of $8 million. Pretax net
realized investment gains from certain derivative and foreign currency
activities in the quarter were $18 million. Net earnings also included
a pretax charge of $10 million, reflecting Japan branch conversion
costs. The income tax expense on non-operating items in the quarter was