COLUMBUS, Ga. (AP) — Insurance company Aflac Inc. said Tuesday that its profit doubled in the first quarter as a stronger yen helped drive revenue higher.
Aflac, which provides disability and supplemental insurance primarily in Japan and the U.S., said net income grew to $785 million, or $1.68 a share, in the three months ended March 31. That compares with net income of $389 million, or 83 cents a share, in the prior-year period.
Stripping out one-time items from investment gains and losses, the company said operating earnings were $814 million, or $1.74 a share.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.