The upcoming report from Aflac (AFL) is expected to reveal quarterly earnings of $1.47 per share, indicating an increase of 14% compared to the year-ago period. Analysts forecast revenues of $4.44 billion, representing an increase of 10.8% year over year.The consensus EPS estimate for the quarter has undergone an upward revision of 0.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.P ...

Aflac Incorporated (AFL) is strategically positioned for growth, leveraging higher sales, cost-cutting initiatives and a robust domestic market presence. The expansion of its product suite adds further momentum. The significant floating rate income remains a key driver, fortifying its investment income.Outperformer & Zacks RankOver the past year, shares of Aflac have rallied 16.3%, outperforming the industry’s 11.5% rise. Headquartered in Columbus, GA, AFL operates as a supplemental health and life insuranc ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Aflac (AFL) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 31. On th ...

Aflac (AFL) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual investors ...

Coach Prime takes center stage donating signed footballs that fetched $100,000 at Aflac's "auction for a cause." COLUMBUS, Ga., Jan. 18, 2024 /PRNewswire/ -- Aflac's sales agents and brokers raised $770,000 during a charitable auction held last week at FOCUS, the company's annual meeting of leading sales agents and brokers. The tally shattered the pre-auction expectations of $220,000 by more than 350%, with all proceeds going to the Aflac Cancer and Blood Disorders Center of Children's Healthcare of Atlanta ...

Justin Ford When it comes to producing iconic ads, few are as recognizable as those produced by Aflac (NYSE:AFL). The somewhat annoying duck yelling "Aflac" has made frequent appearances across American media since 2000. The company is one of the leading insurance providers in the US and Japanese markets. In the US, Aflac primarily offers supplemental insurance for serious accidents or illnesses, while in Japan, the company provides cancer and medical insurance policies. As an insurance company, Aflac relie ...

2023-2024 Aflac WorkForces Report: Alarming burnout trend revealed — 66% of Hispanic workers unable to go a month without a paycheckCOLUMBUS, Ga., Jan. 10, 2024  /PRNewswire/ -- Aflac Incorporated, a leading provider of supplemental health insurance and products in the U.S., has released its 13th annual Aflac WorkForces Report shedding light on the critical issues of burnout and financial challenges that affect the American workplace. The Aflac WorkForces Report reveals that employers across various U.S. in ...

Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.Hunting for 'earnings whispers' or companies pois ...

Aflac Incorporated (NYSE:AFL) Goldman Sachs 2023 US Financial Services Conference December 5, 2023 2:20 PM ET Company Participants Max Broden - CFO Brad Dyslin - CIO Conference Call Participants Taylor Scott - Goldman Sachs Taylor Scott So we will jump right into the next session here. First, I'd like to thank Max Broden, CFO of Aflac; and Brad Dyslin, CIO of Aflac for being with us. So very much appreciate it. I'm starting off a lot of these conversations with the broad strategy update sort of question. An ...

Financial Data and Key Metrics - Adjusted earnings per diluted share increased 27.8% YoY to $1.84, with a $0.06 negative impact from FX [19] - Adjusted book value per share increased 10.3%, and the adjusted ROE was 15.6% [20] - Japan's net earned premium declined 2.8%, with an adjusted decline of 1.7% [21] - Japan's total benefit ratio was 65.1%, down 170 bps YoY, and the third sector benefit ratio was 54.8%, down 460 bps YoY [21] - US net earned premium increased 3.2%, with persistency up 80 bps YoY to 78.7% [24] - US total benefit ratio was 35.9%, 890 bps lower than Q3 2022 [24] - Pretax margin for Japan was 32.8%, up 350 bps YoY, and US pretax margin was 28.8% [23][26] Business Line Performance - Japan sales increased 12.4% YoY, driven by a 23% increase in cancer insurance sales [9] - US sales increased 7.5%, driven by group life and disability, consumer markets, and network dental and vision [11] - New medical insurance product launched in Japan on September 19, with early positive reception [10] - Cancer protection assurance policy in the US provides enhanced benefits at no additional cost [12] Market Performance - Japan Post and Japan Post Insurance contributed significantly to cancer insurance sales growth in Japan [9] - US group platform benefited from group life and disability sales [12] - Japan's expense ratio was 19%, down 100 bps YoY, driven by expense control and reinsurance transactions [22] - US expense ratio was 40.6%, up 70 bps YoY, including a 190 bps impact from software intangibles write-down [25] Strategy and Industry Competition - Company focuses on leveraging distribution channels and product bundling to drive growth [9][12] - Proactive steps taken to defend cash flow and deployable capital against a weakening yen [14] - Company emphasizes prudent liquidity and capital management, with strong capital ratios and tactical share repurchases [15][29] - Reinsurance platform continues to perform well, with plans for another tranche in Q4 [28] Management Commentary on Operating Environment and Future Outlook - Management remains committed to fulfilling promises to policyholders while balancing shareholder interests [14] - Company expects to maintain strong capital ratios and continue tactical capital deployment [15] - Management is optimistic about the product strategy in Japan and the momentum in the US [16] - Succession planning is in place, with internal candidates being prepared for leadership roles [17] Other Important Information - Board declared a 19% increase in the Q1 2024 dividend to $0.50 per share [15] - Company repurchased $700 million of its own stock in Q3 [29] - Commercial real estate watch list remains at approximately $1 billion, with active foreclosure proceedings on two-thirds of the properties [27] Q&A Session Summary Succession Planning - Dan Amos discussed the company's succession planning, emphasizing internal candidates and the Board's role in ensuring the best person for the job [34][35] Reserve Releases in the US - Max Broden explained that the reserve release in the US was influenced by lower hospitalizations due to COVID, with changes in treatment patterns factored into actuarial models [38][57][61] Tri-Agency Rules Impact - Virgil Miller and Dan Amos discussed the potential impact of tri-agency rules, noting that Aflac has historically sold policies without pretax benefits and is prepared to adapt if necessary [41][42][44] Commercial Real Estate (CRE) Watch List - Brad Dyslin provided insights into the CRE watch list, explaining the modest CECL reserves due to conservative LTVs and ongoing appraisal processes [46] FX Hedging Program - Max Broden confirmed that hedge costs in Q3 are expected to remain stable or slightly lower going forward, with adjustments made to reduce tail risks [49][52] Reinsurance Transaction - Max Broden indicated that capital freed up from the reinsurance transaction could be deployed within business units or returned to shareholders [54][80] Japan Post Partnership - Koichiro Yoshizumi and Dan Amos highlighted the strong performance of the Japan Post partnership, with continued focus on cancer insurance sales and agent training [65][67] Capital Management Priorities - Max Broden outlined capital management priorities, emphasizing strong capital ratios, share repurchases, and dividend increases [69][94] Digital Transformation in Japan - Fred Crawford discussed the long-term plan to digitize operations in Japan, focusing on digital applications and customer self-service, with expected efficiency gains over time [71][73] Middle Market Loan Portfolio - Brad Dyslin noted the strong performance of the middle market loan portfolio, with disciplined underwriting and modest leverage contributing to better-than-expected results [89]