Aflac

Q3 Results Q/Q Comparison:

  • Revenues increased 13% to $5.7B
  • GAAP Diluted EPS increased 16% to $1.53
  • GAAP Net income increased 11% to $629M
  • Operating Earnings increased 11% to $748M (excludes investments, hedging, and nonrecurring items)
  • Operating EPS increased 17% to $1.82
    • Yen/Dollar exchange rate increased earnings $0.15/share
  • Operating EPS excluding yen impact increased 7%
  • Book value per share increased 39% to $55.85
  • Aflac Japan results:
    • Total Revenues decreased 0.5%
    • Operating Earnings decreased 6.4%
    • Operating margin of 20.7%, compared to 21.9%
    • Premium income increased 1.1%
    • Net Investment income decreased 8.6%
  • Aflac US results:
    • Total Revenues increased 1.4% to $1.4B
    • Operating Earnings increased 12.4% to $323M
    • Operating margin of 20.9%, up from 18.8%
    • Premium Income increased 1.4% to $1.4B
    • Net Investment income increased 1.7% to $176M
  • Return on equity of 11% (15% operating earnings excluding the impact of the yen)
  • Increased quarterly dividend to $0.41 from $0.39
  • Repurchased 2.7 million shares for $200M
  • Raised 2016 operating EPS guidance to $6.40 - $6.60 (from $6.17 - $6.41)

Stock Price: $68
Market Capitalization: $28 billion

October 27, 2016

 

 

 


 


 

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