Aflac management reiterates full-year guidance

|About: Aflac Incorporated (AFL)|By:, SA News Editor

Operating earnings of $774M or $1.69 per share vs. $790M and $1.69 a year ago. Weaker dollar/yen exchange rate cut earnings by $0.10. Excluding currency change, operating earnings per share increased 10%.

6.5M shares repurchased during Q1 for $415M. 42.7M shares remain under share buyback authorization.

Book value of $34.53 per share compares to $31.82 at the end of 2013. On an operating basis, annualized ROE in Q1 was 22.7%, or 26% excluding impact of yen.

Management reiterates guidance of 2-5% increase in operating earnings (on currency-neutral basis) in 2014.

AFL -0.3% AH, but gained late in the regular session (closing 2.4% higher) after results were mistakenly released before the bell.

Previously: AFLAC Incorporated beats by $0.10, misses on revenue