Aflac Q3 Earnings Top Estimates on Lower Benefits & Expenses

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 ...