Aflac: Q2 Earnings Snapshot
COLUMBUS, Ga. (AP) _ Aflac Inc. (AFL) on Monday reported second-quarter profit of $1.39 billion.
The Columbus, Georgia-based company said it had net income of $2.16 per share. Earnings, adjusted for non-recurring gains, were $1.46 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The insurer posted revenue of $5.4 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $4.81 billion.
Aflac shares have declined roughly 3% since the beginning of the year, while the S&P’s 500 index has dropped 14%. In the final minutes of trading on Monday, shares hit $56.71, a climb of 3% in the last 12 months.