Core Insights - Albert Anthony is a Croatian-American media personality and financial contributor, reaching over 1 million investors globally since 2023 [1] - His content on Seeking Alpha averages over 25,000 views monthly, focusing on stock analysis and dividend income portfolio building [1] - In addition to his media work, he has been involved in city council politics in Croatia and ran for Parliament in 2024 [1] Company and Industry Analysis - Albert Anthony provides curated analysis of stocks trading on major US exchanges, offering a forward-looking perspective on stock performance [1] - He has experience in financial services, having worked at Charles Schwab and completed certifications from various prestigious institutions [1] - His involvement with the Croatian Economic Association indicates a commitment to economic discourse and policy development [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-07434 _____________________________________________Aflac Incorporated _____________________________________________________ ...

Aflac Incorporated (AFL) reported third-quarter 2024 adjusted earnings per share of $2.16, which beat the Zacks Consensus Estimate by 27.1%. Also, the bottom line increased 17.4% year over year.Aflac’s revenues decreased from $5 billion in the year-ago quarter to $2.9 billion in the quarter under review. The top line missed the consensus mark by 36.6%.Strong quarterly earnings were supported by lower operating expenses and higher investment income, signaling the company’s effective investment strategies. Wh ...

Aflac Incorporated (NYSE:AFL) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants David Young - VP, Capital Markets Dan Amos - Chairman & CEO Max Broden - EVP & CFO Virgil Miller - President, Aflac U.S. Charles Lake - Chairman & President, Aflac International Masatoshi Koide - President, Aflac Life Insurance Japan Brad Dyslin - Global CIO & President, Aflac Global Investments Koichiro Yoshizumi - EVP, Sales & Marketing, Aflac Life Insurance Japan Alycia Slyck - Global Chief Act ...

For the quarter ended September 2024, Aflac (AFL) reported revenue of $2.95 billion, down 40.4% over the same period last year. EPS came in at $2.16, compared to $1.84 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $4.65 billion, representing a surprise of -36.61%. The company delivered an EPS surprise of +27.06%, with the consensus EPS estimate being $1.70. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Aflac (AFL) came out with quarterly earnings of $2.16 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.06%. A quarter ago, it was expected that this insurer would post earnings of $1.59 per share when it actually produced earnings of $1.83, delivering a surprise of 15.09%.Over the last four quarters, the company has surpass ...

FINAL 10/30/2024 Financial Supplement Third 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 ...

Core Points - Aflac Incorporated announced the promotion of Virgil R. Miller to president, effective January 1, 2025, while retaining his role as president of Aflac U.S. [1] - Miller's expanded responsibilities will focus on profitable growth, efficiency initiatives, digital capabilities, and product evolution [1] - The company also appointed Audrey Boone Tillman and Max K. Brodén as senior executive vice presidents, effective January 1, 2025 [3] Company Leadership - Virgil R. Miller has been with Aflac since 2004 and has held various leadership roles, including chief operating officer of Aflac U.S. [2] - Audrey Boone Tillman oversees compliance, government relations, corporate communications, and sustainability efforts [4] - Max K. Brodén leads corporate development, investor relations, financial reporting, and has oversight of global investments and risk functions [5] Company Background - Aflac Incorporated is a Fortune 500 company providing financial protection to millions through its subsidiaries in the U.S. and Japan [7] - Aflac is the leading provider of supplemental health insurance in the U.S. and cancer and medical insurance in Japan [7] - The company has been recognized for its ethical practices and sustainability efforts, being included in various prestigious lists for multiple consecutive years [7]

Core Insights - Aflac Incorporated reported a significant decline in total revenues for Q3 2024, amounting to $2.9 billion, down 40.4% from $5.0 billion in Q3 2023, with net losses of $93 million compared to net earnings of $1.6 billion a year ago, primarily due to increased foreign exchange-related losses from yen strengthening by 12.9% during the quarter [1][25]. Financial Performance - Net investment losses in Q3 2024 were $1.4 billion, or $2.51 per diluted share, compared to net investment gains of $423 million, or $0.71 per diluted share in the same quarter last year [2]. - Adjusted earnings for Q3 2024 were $1.2 billion, reflecting a 10.6% increase from $1.1 billion in Q3 2023, with adjusted earnings per diluted share rising 17.4% to $2.16 [3][32]. - For the first nine months of 2024, total revenues decreased by 9.4% to $13.5 billion, with net earnings of $3.5 billion, or $6.23 per diluted share, down from $4.4 billion, or $7.28 per diluted share in the same period of 2023 [6][26]. Shareholder Equity - Shareholders' equity at the end of Q3 2024 was $24.8 billion, or $44.60 per share, compared to $22.7 billion, or $38.63 per share, at the end of Q3 2023 [5]. - The annualized return on average shareholders' equity in Q3 was (1.5)% [5][40]. Aflac Japan Performance - In yen terms, Aflac Japan's net earned premiums were ¥255.4 billion for the quarter, a decrease of 10.5% year-over-year, while total adjusted revenues in yen declined 7.8% to ¥355.3 billion [8]. - Pretax adjusted earnings in yen for the quarter increased 25.5% to ¥158.7 billion, primarily due to lower benefits and expenses [8]. Aflac U.S. Performance - Aflac U.S. net earned premiums increased 2.8% to $1.5 billion in Q3, with total adjusted revenues up 1.4% to $1.7 billion [13]. - Total new annualized premium sales in the U.S. increased 5.5% in the quarter to $379 million, driven by group life and cancer insurance products [15]. Capital Management - The board declared a fourth-quarter dividend of $0.50 per share, with $500 million deployed for share repurchases in Q3 2024 [18][22]. - The company maintained a strong focus on generating profitable growth and managing expenses effectively [19][21].

Core Viewpoint - Aflac Incorporated (AFL) is expected to report a decline in earnings and revenues for the third quarter of 2024, with earnings per share estimated at $1.69, reflecting an 8.2% decrease from the previous year [1][2]. Earnings Estimates - The Zacks Consensus Estimate for earnings per share is $1.69, indicating an 8.2% decline from the prior-year quarter [1]. - The revenue estimate is pegged at $4.6 billion, which represents a 7% decrease from the year-ago quarter [2]. - Aflac's earnings surprise history shows that the company has beaten estimates in three of the last four quarters, with an average surprise of 8.24% [2]. Earnings Prediction Model - Aflac has an Earnings ESP of +0.66%, as the Most Accurate Estimate of $1.70 per share is higher than the Zacks Consensus Estimate [4]. - The company currently holds a Zacks Rank of 3 (Hold) [4]. Revenue Growth Factors - Revenue growth is anticipated to be supported by strong contributions from U.S. operations, driven by increased net earned premiums and higher-yielding fixed-income investments [5]. - The consensus estimate for net earned premiums in the U.S. segment is $1.5 billion, indicating a 3.3% increase from the prior-year quarter [6]. - Adjusted net investment income for the U.S. segment is estimated at $217.3 million, reflecting a 4% growth year-over-year [6]. Japan Segment Challenges - Aflac's Japan segment is expected to face challenges with a decline in net earned premiums, projected at $1.8 billion, indicating a 9.1% decrease from the prior-year quarter [7]. - Despite the challenges, solid persistency rates may provide some support to the segment's quarterly results [7]. Consolidated Financial Estimates - The consensus estimate for consolidated net earned premiums is $3.4 billion, indicating a 2.4% decrease from the prior-year quarter [8]. - Total net investment income is estimated at $952.6 million, reflecting a 5.1% decline year-over-year [8]. - Expense ratios in both segments are expected to improve due to prudent expense management efforts [8]. Stock Performance - Aflac's shares have gained 33.8% year-to-date, outperforming the industry growth of 33.4%, the broader Zacks Finance sector's 17% rise, and the S&P 500 index's 21.9% increase [9].