Aflac

Q2 Results Q/Q Comparison:

  • Revenues increased 3% to $5.4B
  • GAAP Diluted EPS were flat at $1.32
  • GAAP Net income decreased 4% to $548M
  • Operating Earnings increased 9% to $707M (excludes investments, hedging, and nonrecurring items)
  • Operating EPS increased 14% to $1.71
    • Yen/Dollar exchange rate increased earnings $0.12/share
  • Operating EPS excluding yen impact increased 9%
  • Book value per share increased 39% to $54.98
  • Aflac Japan results (excluding foreign currency):
    • Total Revenues increased 0.2%
    • Operating Earnings declined 0.9%
    • Operating margin of 20.7%, compared to 21.1%
    • Premium income increased 1.8%
    • Net Investment income decreased 5.4%
  • Aflac US results:
    • Total Revenues increased 2.5% to $1.5B
    • Operating Earnings decreased 0.3% to $291M
    • Operating margin of 19.0%, down from 19.5%
    • Premium Income increased 2.2% to $1.4B
    • Net Investment income increased 4.4% to $176M
  • Return on equity of 10% (16% operating earnings excluding the impact of the yen)
  • Repurchased 5.9 million shares for $400M
  • Reiterated 2016 operating EPS guidance of $6.17 to $6.41, assuming average yen exchange rate of 120.99; at current yen exchange rates (102.03) 2016 operating EPS would be $6.85 to $7.09

Stock Price: $72
Market Capitalization: $30 billion

July 28, 2016

 

 

 


 


 

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