Upside in Japan Helps Push 3Q EPS Beat for Aflac (AFL); Piper Jaffray Raises Price Target to $77
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Aflac Incorporated Announces Third Quarter Results, Affirms 2015 Operating EPS Objective, Upwardly Revises Aflac Japan Third Sector Sales Target, Increases Fourth Quarter Cash Dividend 5.1%
October 27, 2015 4:12 PM EDTCOLUMBUS, Ga., Oct. 27, 2015 /PRNewswire/ --Â Aflac Incorporated today reported its third quarter results.
Reflecting the weaker yen/dollar exchange rate, total revenues decreased 12.1% to $5.0 billion during the third quarter of 2015, compared with $5.7 billion in the third quarter of 2014. Net earnings were $567 million, or $1.32 per diluted share, compared with $706 million, or $1.56 per share, a year ago.Â
Net earnings in the third quarter of 2015 included after-tax net realized investment losses of $88 million, or $.20 per diluted share, compared with net after-tax gains of $4 million, or $.01 per diluted share, a year ago. After-tax realized investment losses from impairments... More
Aflac's Eric Kirsch No. 57 on Chief Investment Officer Magazine's 2015 Power 100 List
October 26, 2015 8:00 AM EDTCOLUMBUS, Ga., Oct. 26, 2015 /PRNewswire/ --Â Aflac, the leading provider of voluntary insurance at the work site in the United States, announced today that Eric Kirsch, the company's global chief investment officer, has been named to the Power 100 List of CIOs by Chief Investment Officer Magazine. It is the first time that Kirsch and Aflac have been represented on this prestigious list. According to CIO Magazine, Kirsch... More
