Aflac (AFL) Misses Q1 EPS by 3c

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Aflac Incorporated Announces First Quarter Results, Declares Second Quarter Cash Dividend, Affirms 2015 Operating EPS Target

April 28, 2015 4:28 PM EDT

COLUMBUS, Ga., April 28, 2015 /PRNewswire/ -- Aflac Incorporated today reported its first quarter results.

Reflecting the weaker yen/dollar exchange rate, total revenues fell 7.3% to $5.2 billion during the first quarter of 2015, compared with $5.6 billion in the first quarter of 2014. Net earnings were $663 million, or $1.51 per diluted share, compared with $732 million, or $1.60 per share, a year ago. 

Net earnings in the first quarter of 2015 included after-tax net realized investment losses of $3 million, or nil per diluted share, compared with net after-tax losses of $36 million, or $.08 per diluted share, a year ago. After-tax realized investment gains net of... More