Summary
Aflac Incorporated's 2007 10-K filing highlights a year of solid growth, driven by strong performance in both its U.S. and Japan segments. Total revenues increased to $15.39 billion, with net earnings reaching $1.63 billion, a notable increase from the previous year. The company continued its commitment to shareholder returns through increased dividends and share repurchases. The report details robust operational performance across its insurance segments, emphasizing the significant contribution of Aflac Japan to overall profitability, despite currency translation effects. Management's outlook for 2008 remains positive, projecting continued earnings growth, contingent on stable economic conditions and favorable foreign exchange rates.
Financial Highlights
22 data pointsBeta
Financial Statements
Beta
| Revenue | $15.39B |
| SG&A Expenses | $1.49B |
| Interest Expense | $27.00M |
| Net Income | $1.63B |
| EPS (Basic) | $1.68 |
| EPS (Diluted) | $1.66 |
| Shares Outstanding (Basic) | 975.74M |
| Shares Outstanding (Diluted) | 987.94M |
Key Highlights
- 1Total revenues grew to $15.39 billion, and net earnings reached $1.63 billion in 2007.
- 2Aflac Japan remains the primary contributor to earnings, with pretax operating earnings of $1.82 billion.
- 3Aflac U.S. showed strong growth in premium income, with pretax operating earnings increasing by 18.3% to $692 million.
- 4The company paid $0.80 per share in cash dividends in 2007, a 45.5% increase over 2006.
- 5Aflac continued its share repurchase program, investing $606 million in treasury stock purchases during 2007.
- 6The company maintained strong financial strength ratings from major agencies, including AA from S&P and Fitch.
- 7No material adverse effects are anticipated from ongoing litigation.