COLUMBUS, Ga. (AP) — COLUMBUS, Ga. (AP) — Aflac Inc. (AFL) on Tuesday reported third-quarter net income of $1.64 billion, after reporting a loss in the same period a year earlier.
On a per-share basis, the Columbus, Georgia-based company said it had profit of $3.08. Earnings, adjusted for non-recurring gains, came to $2.49 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.
The insurer posted revenue of $4.74 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $4.49 billion.
Aflac shares have climbed 5% since the beginning of the year, while the S&P’s 500 index has climbed 15%. In the final minutes of trading on Tuesday, shares hit $108.59, a climb of almost 4% 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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