Aflac's (AFL) Q4 Earnings Miss on Higher Benefits and Claims

Aflac Incorporated (AFL) reported fourth-quarter 2023 adjusted earnings per share (EPS) of $1.25, which missed the Zacks Consensus Estimate by 15%. The bottom line decreased from $1.29 per share reported in the year-ago period.Aflac’s revenues decreased 5.7% year over year to $3.78 billion in the quarter under review. The top line missed the consensus mark by 15%.The weak fourth-quarter results were due to higher benefits and claims, lower adjusted net investment income and declining profit levels from the ...