Aflac (AFL) Tops Q3 EPS by 26c
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Aflac Incorporated Announces Third Quarter Results, Reports Third Quarter Net Earnings of $2.5 Billion, Results Reflect a Benefit from New Tax Regulations, Declares Fourth Quarter Cash Dividend
October 27, 2020 4:15 PM EDTCOLUMBUS, Ga., Oct. 27, 2020 /PRNewswire/ -- Aflac Incorporated (NYSE: AFL) today reported its third quarter results.
Total revenues were $5.7 billion in the third quarter of 2020, compared with $5.5 billion in the third quarter of 2019. Net earnings were $2.5 billion, or $3.44 per diluted share, compared with $777 million, or $1.04 per diluted share a year ago. The increase in net earnings in the third quarter of 2020 reflects a $1.4 billion benefit primarily from the release of valuation allowances on deferred tax benefits, which were allowed due to newly released U.S. tax regulations.
Net earnings in... More
