COLUMBUS, Ga. (AP) — COLUMBUS, Ga. (AP) — Aflac Inc. (AFL) on Wednesday reported first-quarter earnings of $1.88 billion.
The Columbus, Georgia-based company said it had net income of $3.25 per share. Earnings, adjusted for non-recurring gains, were $1.66 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The insurer posted revenue of $5.44 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $4.32 billion.
Aflac shares have risen roughly 3% since the beginning of the year, while the S&P’s 500 index has climbed slightly more than 5%. In the final minutes of trading on Wednesday, shares hit $84.83, a rise of 21% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AFL at https://www.zacks.com/ap/AFL
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