AFLAC Inc. Beats on Top and Bottom Lines (AFL)

AFLAC Inc. AFL reports Q3 earnings of $1.46 versus consensus of $1.39. AFLAC Inc. reports revenues of $5.4 billion versus consensus of $5.27 billion. In the third quarter, Aflac Japan's premium income in yen rose 3.8%, and net investment income rose .8%. Aflac U.S. premium income increased 3.6% to $1.1 billion, and net investment income was up 11.9% to $138 million in the third quarter. Commenting on the company's third quarter results, Chairman and Chief Executive Officer Daniel P. Amos stated: "Overall, we remain pleased with Aflac's financial performance in 2010. Our financial results in the third quarter were consistent with our expectations, and keep us on track for achieving our annual objective for operating earnings growth. At the same time, we remain confident in the strength of our balance sheet and capital position. Based on preliminary statutory numbers, we estimate our risk-based capital ratio exceeded 580% at the end of September, compared with 560% at the end of June. Shares of AFL are lower in the after-hours by 0.19%.
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Posted In: EarningsGuidanceAfter-Hours CenterFinancialsLife & Health Insurance
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