Aflac (AFL) Tops Q1 EPS by 11c, Withdraws Guidance

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Go back to Aflac (AFL) Tops Q1 EPS by 11c, Withdraws Guidance

Aflac Incorporated Announces First Quarter Results, Reports First Quarter Net Earnings of $566 Million, Withdraws Annual Adjusted EPS Guidance, Declares Second Quarter Cash Dividend

April 29, 2020 4:15 PM EDT

COLUMBUS, Ga., April 29, 2020 /PRNewswire/ -- Aflac Incorporated (NYSE: AFL) today reported its first quarter results.

Total revenues were $5.2 billion during the first quarter of 2020, compared with $5.7 billion in the first quarter of 2019. Net earnings were $566 million, or $0.78 per diluted share, compared with $928 million, or $1.23 per diluted share a year ago. The declines in total revenues and net earnings in the first quarter of 2020 were both driven primarily by an increase in net investment losses.

Net earnings in the first quarter of 2020 included pretax net investment losses of $448 million, or $0.62... More