Aflac (AFL) reported $5.14 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 0.7%. EPS of $1.83 for the same period compares to $1.58 a year ago.The reported revenue represents a surprise of +17.41% over the Zacks Consensus Estimate of $4.38 billion. With the consensus EPS estimate being $1.59, the EPS surprise was +15.09%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their nex ...

FINAL 7/31/2024 Financial Supplement Second Quarter 2024 This document is a statistical supplement to Aflac's quarterly earnings release. Throughout the presentation, amounts presented may not foot due to rounding. As you review the supplement, please note the non-U.S. GAAP financial measures and definitions found at the back of this document. The Company adopted the Financial Accounting Standards Board's Accounting Standard Update 2018-12 Financial Services - Insurance: Targeted Improvements to the Account ...

COLUMBUS, Ga., July 31, 2024 /PRNewswire/ --  Aflac Incorporated (NYSE: AFL) today reported its second quarter results.Total revenues were $5.1 billion in the second quarter of 2024, compared with $5.2 billion in the second quarter of 2023. Net earnings were $1.8 billion, or $3.10 per diluted share, compared with $1.6 billion, or $2.71 per diluted share a year ago.Net earnings in the second quarter of 2024 included net investment gains of $696 million, or $1.23 per diluted share, compared with net investmen ...

More than 75 robotic ducks were given free of charge to campers FAIRFAX, Va., July 30, 2024 /PRNewswire/ -- Aflac Incorporated, a leading provider of health supplemental insurance in the U.S., paired up with Sunrise Association to deliver more than 75 social robotic ducks to children at Horizon Day Camp–Metro DC, a project between the Pozez JCC and the Sunrise Association. Horizon Day Camp- Metro DC, a day camp designed to bring the joy of childhood to children with cancer and their siblings — the camp, as ...

Aflac Incorporated (AFL) is slated to release second-quarter 2024 results on Jul 31, after the closing bell.EstimatesThe Zacks Consensus Estimate for AFL’s second-quarter earnings per share is pegged at $1.59, which indicates an improvement of 0.6% from the year-ago quarter’s reported figure. The estimate has been unchanged at $1.59 per share in the past week. The consensus mark for revenues is $4.4 billion, indicating a 15.4% fall from the prior-year quarter’s actual. Image Source: Zacks Investment Researc ...

Core Viewpoint - Analysts project Aflac (AFL) will report quarterly earnings of $1.59 per share, a 0.6% increase year over year, with revenues expected to decline by 15.4% to $4.38 billion [1] Revenue Estimates - 'Revenues- Other income (loss)' is estimated at $42.01 million, reflecting a year-over-year decrease of 6.6% [2] - 'Revenues- Net investment income' is projected to be $886.70 million, indicating an 11.2% decline year over year [2] - 'Revenues- Total net earned premiums' is expected to reach $3.35 billion, down 6.3% from the previous year [2] Adjusted Revenue Projections - 'Total adjusted revenues- Corporate and other' is forecasted at $195.50 million, showing a significant increase of 39.6% year over year [3] - 'Total adjusted revenues- Aflac Japan' is estimated at $2.44 billion, reflecting a decrease of 10.1% from the prior year [3] - 'Total adjusted revenues- Aflac Japan- Total net earned premiums' is projected at $1.80 billion, down 12.8% year over year [3] - 'Total adjusted revenues- Aflac Japan- Net investment income' is expected to be $637.08 million, indicating a 9% decline from the previous year [3] - 'Total adjusted revenues- Aflac U.S.- Other income' is forecasted to reach $26.38 million, down 24.6% year over year [3] Key Metrics - 'Tot. Ben. /Premium - Aflac Japan' is expected to be 66.1%, compared to 65.7% in the previous year [4] - 'Tot. Adj. Expenses/Total Adj. Rev. - Aflac U.S.' is projected at 38.5%, down from 39% in the same quarter last year [4] - 'Tot. Ben. /Premium - Aflac U.S.' is estimated to be 46.9%, compared to 45.3% in the previous year [4] - 'Tot. Adj. Expenses/Total Adj. Rev. - Aflac Japan' is projected to remain at 19.5%, unchanged from the previous year [4] Stock Performance - Over the past month, Aflac shares have increased by 5.6%, while the Zacks S&P 500 composite has decreased by 1.2% [4]

Core Insights - The article emphasizes the potential of overlooked blue-chip stocks that are currently trading at significant discounts, suggesting they may be poised for substantial recoveries in the future [1] Aflac (AFL) - Aflac reported Q1 2024 adjusted earnings per share of $1.66, reflecting a 7.1% increase [2] - The U.S. segment saw a 3.3% rise in net earned premiums and an 80 basis point improvement in persistency to 78.7% [2] - Rising healthcare costs and a focus on employee wellness are expected to drive demand for Aflac's supplemental insurance [2] - The stock has a dividend yield of 2.14% and is anticipated to continue its growth trajectory [2] Dollar General (DG) - Dollar General's net sales for Q1 2024 increased by 6.1% to $9.9 billion, driven by strong consumer traffic [4] - Operating profit decreased by 26.3% to $546 million, but analysts expect a recovery in profits soon [4] - The company maintains its full-year guidance, projecting net sales growth of 6%-6.7% and earnings per share of $6.80-$7.55 [4] - Dollar General is expanding its fresh produce offerings to 5,000 stores and plans to open 800 new stores in 2024 [4][5] Whirlpool (WHR) - Whirlpool's stock has rallied after a 65% drop from its peak, indicating potential long-term upside [6] - The company has an $8.4 billion debt load but holds approximately $1.6 billion in cash, which may help it navigate current challenges [6] - Whirlpool has implemented cost cuts of $800 million in 2023 and plans an additional $300-400 million in 2024 [7] - The company gained over 1% market share in North America in Q4 2023, suggesting a positive trend [7]

The Zacks Accident and Health Insurance industry is expected to ride on the increase in underwriting exposure. Aflac Incorporated  (AFL) , Unum Group (UNM) and Trupanion (TRUP) should continue to benefit from prudent underwriting standards. However, a rise in claims frequency could weigh on the positives. The industry has been witnessing soft pricing over the past several quarters, which is not expected to change any time soon. Nonetheless, a rise in claims, with business activities returning to normal leve ...

Core Insights - Aflac Incorporated has partnered with SKYGEN to enhance its Dental and Vision insurance services, leveraging SKYGEN's technology and expertise to improve claims and billing processes [1][2][3] - The partnership aims to increase customer satisfaction, attract new clients, and retain existing ones, potentially leading to higher sales and improved premiums for Aflac's Dental and Vision products [2][3] Company Developments - The collaboration with SKYGEN is expected to enhance Aflac's service model by utilizing advanced software applications and data protection measures [1] - Aflac's recent initiatives, including a partnership with Nayya, indicate a strategic focus on improving the claims experience for its supplemental health plan clients [3] Market Performance - Aflac's shares have increased by 27.2% over the past year, outperforming the industry average growth of 21.1% [3] - The company maintains a Zacks Rank of 3 (Hold), indicating a stable outlook in the market [3]

SKYGEN's innovative technology delivers digital experience critical to customer satisfactionTAMPA, Fla., July 8, 2024 /PRNewswire/ -- Aflac, a leading provider of supplemental insurance in the U.S., announced today that its Dental and Vision division has engaged SKYGEN to continue improving the customer satisfaction journey. SKYGEN is a U.S.-based, premier technology partner with a focus on dental and vision insurance plans that serves nearly 50 million members across all 50 states. SKYGEN's decades of indu ...