AFLAC Inc. Presents at Goldman Sachs US Financial Services Conference 2013, Dec-10-2013 12:30 PM
Dec 3 13
AFLAC Inc. Presents at Goldman Sachs US Financial Services Conference 2013, Dec-10-2013 12:30 PM. Venue: New York, New York, United States. Speakers: Kriss Cloninger, President, Chief Financial Officer, Treasurer, Director, Member of Executive Committee, Chief Financial Officer of American Family Life Assurance Company and Executive Vice President of American Family Life Assurance Company.
AFLAC Inc. Presents at Retail Investor Conference, Dec-05-2013 10:15 AM
Nov 26 13
AFLAC Inc. Presents at Retail Investor Conference, Dec-05-2013 10:15 AM. Speakers: Daniel A. Bellware, Senior Manager, Investor Relations.
Aflac Incorporated Raises Quarterly Cash Dividend, Payable on December 2, 2013
Oct 29 13
The board of directors of Aflac Incorporated increased the quarterly cash dividend by 5.7%, effective with the fourth quarter. The fourth quarter dividend of $0.37 per share is payable on December 2, 2013, to shareholders of record at the close of business on November 20, 2013. This marks the 31 consecutive year in which the dividend has been increased.
Aflac Incorporated Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Reports Impairment for the Third Quarter Ended September 30, 2013; Reaffirms Earnings Guidance for 2014; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2013 and Full Year of Fiscal 2014
Oct 29 13
Aflac Incorporated reported unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, total revenues were $5,886 million against $6,847 million last year. Earnings before income taxes were $1,069 million against $1,480 million last year. Net earnings were $702 million or $1.50 per diluted share against $1,017 million or $2.16 per diluted share last year. Reflecting the weaker yen/dollar exchange rate, total revenues fell 14.0%. Net earnings in the third quarter of 2013 included after-tax realized investment gains, net of realized investment losses, of $15 million, or $0.03 per diluted share, compared with net after-tax losses of $186 million, or $0.39 per diluted share, a year ago. Operating earnings were $687 million or $1.47 per diluted share against $831 million or $1.77 per diluted share last year. The weaker yen/dollar exchange rate decreased operating earnings per diluted share by $0.21 for the third quarter. Excluding the impact from the weaker yen, operating earnings per diluted share decreased 5.1%. The annualized return on average shareholders' equity in the third quarter was 19.8%. On an operating basis (excluding total net realized investment gains/losses in net earnings, and unrealized investment and derivative gains/losses in shareholders' equity), the annualized return on average shareholders' equity was 19.4% for the third quarter, or 23.0% excluding the impact of the yen.
For the nine months, total revenues were $18,138 million against $18,989 million last year. Earnings before income taxes were $3,788 million against $3,423 million last year. Net earnings were $2,483 million or $5.31 per diluted share against $2,285 million or $4.87 per diluted share last year. Operating earnings were $2,236 million or $4.78 per diluted share against $2,400 million or $5.12 per diluted share last year. Results for the first nine months of 2013 were also suppressed due to the weaker yen. Excluding the negative impact of $0.58 per share from the weaker yen, operating earnings per diluted share rose 4.7% for the first nine months of 2013.
On an after-tax basis, impairments were $6 million in the quarter, or $0.01 per diluted share.
The company reaffirmed 2013 objective to increase operating earnings per diluted share 4% to 7%, excluding the impact of the yen. Within that range, the company expects operating earnings to increase approximately 5% for the full year, before the impact of foreign currency. If the yen averages 95 to 100 to the dollar for the last three months of the year, the company would expect reported operating earnings for the fourth quarter to be in the range of $1.38 to $1.43 per diluted share. Under that scenario, the company would expect full year operating earnings of $6.16 to $6.21 per diluted share. If the yen averages 95 to 100 to the dollar for the fourth quarter of 2013 and full year of 2014, the company would expect 2014 operating earnings per diluted share to be in the range of $6.28 to $6.52, which is a growth rate of approximately 2% to 5% on a currency neutral basis. 2014 EPS objective will benefit significantly from increased share repurchase activities, but will also be challenged by several headwinds. Those include a difficult low-interest-rate environment in Japan, sizeable expenditures in both Japan and the U.S. to enhance operational infrastructure, and an increase in Japan's consumption tax, rising from 5% to 8% starting in April 2014. It is important to note that absent certain headwinds and tailwinds, 2014 EPS growth rate objective would have been comparable with 2013 EPS growth rate.
AFLAC Inc. to Report Q3, 2013 Results on Oct 29, 2013
Oct 22 13
AFLAC Inc. announced that they will report Q3, 2013 results at 5:00 PM, Eastern Standard Time on Oct 29, 2013