The Yen’s Impact on AFLAC’s Earnings

Below I’ve tried to reproduce a chart from AFLAC’s latest 10-K. This shows the impact that the yen/dollar exchange rate is expected to have on AFLAC’s 2013 operating earings.

Exchange Rate	EPS Range	Growth Rate	Yen Impact
79.81	$6.86 to $7.06	3.9% to 7.0%	$0.00
85	$6.60 to $6.80	0% to 3%	-$0.26
90	$6.37 to $6.57	(3.5%) to (0.5%)	-$0.49
95	$6.17 to $6.37	(6.5%) to (3.5%)	-$0.69
100	$5.99 to $6.19	(9.2%) to (6.2%)	-$0.87

Here’s a look at the surge in the dollar since October:

Posted by Eddy Elfenbein on February 27th, 2013 at 9:55 am

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