Aflac: 4Q Earnings Snapshot
COLUMBUS, Ga. (AP) _ Aflac Inc. (AFL) on Thursday reported fourth-quarter profit of $525 million.
On a per-share basis, the Columbus, Georgia-based company said it had net income of 69 cents. Earnings, adjusted for non-recurring costs, were $1.02 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The insurer posted revenue of $5.13 billion in the period. Its adjusted revenue was $5.48 billion.
For the year, the company reported profit of $2.92 billion, or $3.77 per share. Revenue was reported as $22.19 billion.
Aflac expects full-year earnings in the range of $4.10 to $4.30 per share.
Aflac shares have increased 5 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen nearly 8 percent. In the final minutes of trading on Thursday, shares hit $47.95, a rise of almost 9 percent in the last 12 months.