Tue, Oct. 27, 4:58 PM
Tue, Oct. 27, 4:30 PM
- Q3 operating earnings of $672M fell from $685M a year ago. Operating EPS of $1.56 gained 3.3% in part thanks to buybacks. The weaker yen cut operating EPS by $0.13. Excluding that, operating EPS gained 11.9%.
- 3.9M shares bought back during quarter for $233M. For first nine months this year, 17.4M shares bought back for $1.1B. Another 52.1M shares remains in authorization.
- Book value per share of $40.36 up from $29.52 a quarter earlier. Today's close was $63.15. Operating ROE of 19.4%, or 22.3% excluding the impact of the yen.
- Dividend is boosted 5.1% to $0.41 per share quarterly.
- Guidance: Sakes growth target for third sector products is lifted to 10-13% from 7-10%. U.S. is expected to generate sales growth at the lower end of the 3-7% range. Company is on track to meet or exceed expectations to repatriate about ¥200B this year, helping the plan to repurchase $1.3B of stock in 2015. Full-year operating EPS of $5.96-$6.16.
- Conference call tomorrow at 9 ET
- Previously: AFLAC beats by $0.08, misses on revenue (Oct. 27)
- AFL +0.2% after hours
Tue, Oct. 27, 4:14 PM
Mon, Oct. 26, 5:35 PM
- AAPL, ABAX, AFL, AIZ, AJG, AKAM, APC, ATRC, AXS, BGFV, BGS, BLDP, BOOM, BXMT, CBG, CEB, CHRW, CINF, CLD, CLMS, CMP, CNI, CUZ, CVA, DDR, EIX, ESRX, ETH, EXAC, FEIC, FISV, FNF, GILD, GNMK, HIW, HLIT, HTS, INFN, IPCM, IPHI, KKR, MAC, MDWD, MRCY, NATI, NBR, NCR, NUVA, NVMI, OI, OMI, PEGA, PEI, PNRA, RGC, RPXC, RSYS, RUBI, SFLY, SKT, SKYW, SLCA, SM, STAG, SYA, TER, TSS, TWTR, UHS, ULTI, VCRA, VDSI, VRSK, WNC, WSH, XCO, ZLTQ
Thu, Sep. 10, 10:01 AM
- Citigroup boosts Aflac (AFL +0.6%) to Buy from Neutral.
- Bank of America (BAC -0.3%) is lifted to Outperform from Market Perform at Wells Fargo.
- BlackRock (BLK +0.6%) is upgraded to Outperform at Credit Suisse. The $382 price target is 28% above last night's close.
- Goldman lifts Lincoln National (LNC) to Buy from Neutral.
- Bankwell Financial Group (BWFG +0.6%) is boosted to Outperform at KBW.
- Previously: Goldman pulls sell recommendations on campus housing REITs (Sept. 10)
Thu, Aug. 27, 7:45 AM| Thu, Aug. 27, 7:45 AM | Comment!
Mon, Aug. 24, 3:47 PM
- Insurer Aflac (AFL -3.3%) is expecting to process 2M claims this year in one day or less, it says, six months after it officially launched its "One Day Pay" program to speed up particular claims.
- CIO Julia Davis credits the company's move to Agile software development to enable the speedy turnaround, which happens via a Web portal clients use to upload support documents and pictures. Claims filed that way by 3 p.m. ET can be processed by midnight and paid out the following day, including via direct deposit.
- About 70% of total claims -- including hospital stays, cancer treatments and accidents -- are eligible to be paid through the program.
- It removes a human element from payout delivery, but the company is using speed as a sales point. A spokeswoman says enrollment is up because of One Day Pay and that customer satisfaction has increased 4% since it launched.
Wed, Aug. 19, 9:50 AM
Tue, Jul. 28, 4:46 PM
Tue, Jul. 28, 4:30 PM
- Q2 operating earnings of $651M vs. $757M a year ago. Operating earnings per share of $1.50 fell 9.6% Y/Y, but the weaker yen/dollar exchange rate shaved $0.14 off of Q2 results. Excluding the yen's impact, operating EPS fell 1.2%.
- $233M or 3.7M shares bought back during Q2, bringing H1 purchases to $833M or 13.5M shares. Another 16M shares remaining under authorization.
- Book value per share of $39.52 slips from $42.97 a quarter earlier. Annualized operating ROE in Q2 of 19.1%, or 23.1% excluding the yen's impact.
- Company expects to be able to repatriate about ¥200B to the U.S. this year, reinforcing the plan to buy back $1.3B of common stock this year. Full-year operating EPS is expected to be $5.88-$6.17 per share should the yen average between 120 and 125 to the dollar. The midpoint of about $6.03 compares to consensus of $5.97.
- Conference call tomorrow at 9 ET
- Previously: AFLAC misses by $0.02, beats on revenue (July 28)
- AFL +0.3% after hours
Tue, Jul. 28, 4:15 PM
Mon, Jul. 27, 5:35 PM
- AFL, AIZ, AJG, AKAM, APC, ARI, ATML, ATR, ATRC, AXS, BBRG, BGFV, BLDP, BMR, BOOM, BWLD, BXMT, CALX, CAP, CEB, CHRW, CINF, CLMS, CTXS, CUZ, DHT, EEFT, EQR, ESRX, ETH, EW, EXAC, EXAM, GAS, GCA, GILD, GPRE, HA, HT, HURN, IACI, IPHI, KIM, LNDC, MTSI, NATI, NCR, NEU, NGD, NUVA, NVDQ, NVMI, OIS, PEI, PNRA, RGR, RNR, RPXC, RRC, RSYS, RUBI, SLCA, SM, SPWR, SSW, TSS, TWTR, ULTI, VDSI, VR, VRSK, VRTU, WNC, WRI, WSH, X, YELP
Wed, Jun. 24, 4:51 PM
- Fred Crawford, CNO Financial's (NYSE:CNO) CFO for the last 3 years, is leaving to become Aflac's (NYSE:AFL) CFO, effective June 30.
- Crawford replaces Kriss Cloninger, who (as previously announced) will remain on board as president.
- CNO states accounting chief John Kline and treasury/IR chief Erik Helding will oversee its finance ops while it searches for a new CFO.
Thu, May 21, 11:52 AM
- Deputy CFO Ken Janke has pulled his name from the pool of possible replacements, says Aflac (AFL -1.8%) CEO Dan Amos, but he expects to have the position filled by the end of June.
- Exiting CFO Kriss Cloninger will remain as president of the company. He's currently 67 and plans to stay with Aflac until at least age 70.
Fri, May 15, 7:10 AM| Fri, May 15, 7:10 AM | 1 Comment
Tue, Apr. 28, 4:44 PM
Other News & PR