AFLAC Earns $1.05 per Share for Q1

Aflac (AFL) just reported Q1 operating earnings of $1.05 per share. Favorable forex boosted that figure by three cents per share. Wall Street had been expecting 97 cents per share.

AFLAC is standing by its earnings forecast for full-year earnings of $3.72 to $3.88 per share (remember, the stock recently split 2:1). For Q1, AFLAC expects earnings to range between 91 cents and $1.05 per share. That assumes the yen averages 100 and 110 to the dollar. Wall Street had been expecting 99 cents per share.

Commenting on the company’s results, Chairman and Chief Executive Officer Daniel P. Amos stated: “We are pleased with the company’s overall performance for the first quarter. With respect to Aflac Japan’s conversion to a subsidiary, I am very pleased that we completed this transaction on time and that it remains within budget. This new corporate structure aligns Aflac with global regulatory frameworks and enhances our financial and business flexibility, while remaining consistent with our current financial strength ratings and enterprise risk management framework.

This is basically what I expected. The shares are close to a new all-time high.

Posted by on April 25th, 2018 at 4:32 pm


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