Yesterday, 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| 1 Comment
Tue, Apr. 28, 4:44 PM
Tue, Apr. 28, 4:42 PM
- Operating earnings of $678M vs. $774M a year ago. Operating EPS of $1.54 down 8.9% Y/Y. The weaker yen cut EPS by $0.13 during quarter. Excluding that impact, EPS fell 1.2% Y/Y.
- Company repurchased $600M, or 9.8M shares during Q1. 19.7M shares remain in the buyback authorization.
- Book value per share of $42.97 vs. $41.47 at the start of the year. Operating ROE of 19.8%, or 21.5% excluding impact of yen.
- Guidance: Assuming dollar/yen between 120 and 125, Q2 EPS is expected at $1.46-$1.57, and full-year EPS at $5.74-$6.15. "Challenging financial markets and significantly depressed interest rates make it difficult to invest cash flows at attractive yields."
- Conference call tomorrow at 9 ET
- Previously: AFLAC EPS in-line, misses on revenue (April 28)
- AFL -0.3% after hours
Tue, Apr. 28, 4:30 PM
Mon, Apr. 27, 5:35 PM
- ACGL, ACHC, AEGN, AFL, AHGP, AKAM, AMCC, ANIK, ARI, ARLP, AUY, AZPN, BGFV, BLDP, BMR, BOOM, BWLD, BXMT, CALX, CBL, CEB, CGI, CHE, CINF, CLF, CMRE, CNL, CRUS, DDR, DHT, EEFT, EIX, EPIQ, EPR, EQR, ESRT, ESRX, EXAC, FARO, FEIC, GNW, GPRE, GPRO, HAWK, HELE, HIW, HLIT, HURN, IACI, INAP, IPHI, KALU, KBR, KRFT, LOGM, MRCY, MSTR, MTSI, MWA, NANO, NATI, NCR, NVDQ, OHI, OI, OTEX, PEI, PNRA, RNG, RPXC, RRC, RSYS, SKT, SLCA, SWI, TAHO, TE, TPX, TSS, TWTR, ULTI, VRSK, WDC, WRI, WSH, WYNN, X, XCO, XOOM
Tue, Feb. 3, 4:22 PM
Tue, Feb. 3, 4:16 PM
- Q4 operating earnings of $581M or $1.29 per share vs. $651M and $1.40 one year ago. Weakness in the yen knocked $0.08 from operating EPS. Operating ROE in Q4 of 16.3%, or 18.9% excluding the impact of the weaker yen.
- 8.6M shares repurchased during quarter for a total of $510M. Full-year purchases of 19.7M shares for $1.2B. Another 29.6M shares remain under authorization as of year-end.
- Aflac Japan premium income up marginally Y/Y. Net investment income up 10.3%, which was magnified by the weaker yen as 48% of company's Q4 investment income was dollar denominated vs. 45% a year ago. New annualized premium sales down 23.3% to $1.1B.
- Aflac U.S. premium income up 1.2% to $1.3B. Net investment income of $161M up 1.8%. New annualized premium sales up 14.1% to $454M.
- Outlook: With 2014 coming in at the top end of expectations, it makes for a tougher comparison in 2015, but company keeps goal of 2-7% growth in operating EPS (before currency).
- Conference call tomorrow at 9 ET
- Previously: AFLAC EPS in-line, beats on revenue (Feb. 3)
- AFL flat after hours
Tue, Feb. 3, 4:06 PM
Mon, Feb. 2, 5:35 PM
Wed, Jan. 28, 4:03 PM
- A study done by researchers from New York and Columbia Universities found that premiums were slightly higher for policies offered on state-run health exchanges where there were higher numbers of competitors, precisely the opposite effect that supposedly characterizes more intense competition.
- Overall, average monthly premiums were $5.71 higher per additional insurer (p<0.001). In addition, average monthly premiums were $3.18 higher per additional insurer for identical plans offered.
- The analysis focused on the prices for each unique insurance plan offered on the exchanges in each geographic rating area. The number of rating areas varied widely in the 34 states examined, from only one in NJ, NH and DE to 67 in FL.
- The authors acknowledge that the higher premiums may be due to higher cost areas (urban vs rural) where more insurers are located rather than a lack of competition.
- Related tickers: (NYSE:AFL) (NYSE:AIG) (NYSE:AET) (NYSE:CI) (NYSE:CNC) (NYSE:UNH) (NYSE:ANTM) (NYSE:MOH) (NYSE:HNT) (NYSE:HUM) (NYSE:WCG) (NASDAQ:MGLN)
Nov. 7, 2014, 1:02 PM
- Citing disappointing growth guidance and continued weakness in the yen (which cuts into revenues), Bank of America downgrades Aflac (AFL -1.1%) to Neutral from Buy.
- The company last week lifted its dividend, boosted its share repurchase target, and guided to 2015 EPS growth of 2-7% on a currency neutral basis, but - after a brief pop - the stock retreated and has failed to make any headway since the news.
Oct. 28, 2014, 6:08 PM
Oct. 28, 2014, 4:35 PM
- Q3 operating earnings of $685M or $1.51 per share vs. $687M and $1.47 one year ago. $175M or 2.9M shares were repurchased during Q3, bringing YTD buybacks to $690M or 11.1M shares. 38.1M shares remained in authorization as of Sept. 30.
- Book value of $39.63 per share vs $38.76 at end of Q2. Annualized ROE of 15.9%. Annualized operating ROE of 18.8%, or 20.8% excluding impact of yen.
- Aflac Japan: Premium income fell 5.4% to $3.5B, helped down by a weaker yen. Net investment income up 2.7% to $676M. Total revenues off 4.2% to $4.2B.
- Alfac U.S.: Premium income up 1.1% to $1.3B. Net investment income up 1.6% to $162M. Total revenues up 1% to $1.5B.
- Quarterly dividend is boosted 5.4% to $0.39 per share. Annualized yield based on today's close of 2.6%.
- Outlook: 2014 share buyback goal is lifted to $1.2B from $1B. 2015 objective is set at $1.3B. 2015 operating EPS growth guidance of 2-7% on a currency neutral basis.
- Conference call at 9 ET
- Previously: AFLAC beats by $0.08, beats on revenue
- AFL +0.7% AH
Oct. 28, 2014, 4:09 PM
Oct. 27, 2014, 5:35 PM
- AEC, AFG, AFL, AJG, AMCC, AMP, APC, ARI, AZPN, BGFV, BLDP, BOOM, BXP, CAP, CBT, CEB, CHMT, CHRW, CINF, CRAY, DLR, DNB, DYAX, EA, EIX, EPR, EQR, ESRX, EXP, EXTR, FARO, FB, FEIC, FISV, GFIG, GILD, GPRE, HIW, HLIT, HTA, HTS, HURN, INAP, INVN, IPHI, KEYW, KIM, KONA, MAC, MAR, MCK, MRCY, MWA, NANO, NFX, OI, PEI, PLT, PNRA, PSMT, RJET, ROG, RPXC, SKT, SM, SWI, TQNT, TRN, TSS, UDR, ULTI, USNA, VRSK, VRTX, WDC, WES, WGP, WNC, WSH, WTS, WYNN, X, XCO, XOOM, ZLTQ
AFL vs. ETF Alternatives
Other News & PR