Summary
Aflac Incorporated reported solid financial results for the nine months ending September 30, 2014, with net earnings of $2.25 billion, or $4.93 per diluted share. This represents a slight decrease from the same period in 2013, primarily impacted by a weaker Japanese Yen and a reduction in net realized investment gains. Despite these factors, the company demonstrated resilience, with a slight increase in earnings per diluted share for the third quarter and stable operating earnings year-over-year. Aflac's investment portfolio remained robust, with a significant increase in net unrealized gains, reflecting positive market performance. The company continued its commitment to shareholder returns, repurchasing approximately $690 million in common stock during the first nine months of 2014 and increasing its cash dividend per share.
Financial Highlights
33 data points| Revenue | $5.74B |
| SG&A Expenses | $566.00M |
| Operating Income | $1.04B |
| Interest Expense | $77.00M |
| Net Income | $706.00M |
| EPS (Basic) | $0.78 |
| EPS (Diluted) | $0.78 |
| Shares Outstanding (Basic) | 902.49M |
| Shares Outstanding (Diluted) | 907.96M |
Key Highlights
- 1Net earnings for the nine months ended September 30, 2014, were $2.25 billion, a decrease from $2.48 billion in the prior year period.
- 2Diluted earnings per share for the nine months ended September 30, 2014, were $4.93, down from $5.31 in the prior year period.
- 3Aflac Japan continued to be the primary contributor to earnings, representing 74% of total revenues for the nine-month period.
- 4Shareholders' equity saw a significant increase in net unrealized gains on investment securities and derivatives, reaching $3.4 billion at September 30, 2014, up from $1.0 billion at December 31, 2013.
- 5The company repurchased $690 million of its common stock during the first nine months of 2014.
- 6Dividends per share increased to $1.11 for the nine-month period ended September 30, 2014, from $1.05 in the prior year period.