COLUMBUS, Ga. (AP) — COLUMBUS, Ga. (AP) — Aflac Inc. (AFL) on Tuesday reported second-quarter net income of $599 million.
On a per-share basis, the Columbus, Georgia-based company said it had profit of $1.11. Earnings, adjusted for non-recurring costs, were $1.78 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.
The insurer posted revenue of $4.16 billion in the period. Its adjusted revenue was $4.54 billion, which also beat Street forecasts. Four analysts surveyed by Zacks expected $4.43 billion.
Aflac shares have fallen slightly more than 4% since the beginning of the year, while the S&P’s 500 index has risen 7%. In the final minutes of trading on Tuesday, shares hit $98.92, a climb of roughly 2% 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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