Overview
Aflac Q3 revenue of $4.7 bln beats analyst expectations
Adjusted EPS for Q3 beats consensus, rising 15.3% to $2.49
Company repurchased $1.0 bln in shares during Q3
Outlook
Company did not provide specific future guidance
Result Drivers
NET INVESTMENT GAINS - Aflac's Q3 results were driven by net investment gains of $275 mln, reversing prior year losses
STRONG JAPAN SALES - Aflac Japan's sales increased 11.8% due to strong performance of new cancer insurance product Miraito
U.S. PREMIUM GROWTH - Aflac U.S. net earned premiums rose 2.5% in Q3, driven by improved sales of group life and disability products
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$4.70 bln
$4.38 bln (6 Analysts)
Q3 Adjusted EPS
Beat
$2.49
$1.77 (13 Analysts)
Q3 EPS
$3.08
Q3 Adjusted Net Income
Beat
$1.30 bln
$955.97 mln (8 Analysts)
Q3 Net Income
$1.60 bln
Press Release: ID:nPn6GlJpca
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)