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Last $64.03 USD
Change Today -0.02 / -0.03%
Volume 1.7M
As of 6:40 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

aflac inc (AFL) Key Developments

Aflac Incorporated Declares Third Quarter Cash Dividend, Payable on September 1, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015; Revised Earnings Guidance for the Full Year of 2015

The board of directors of Aflac Incorporated declared the third quarter cash dividend. The third quarter dividend of $0.39 per share is payable on September 1, 2015, to shareholders of record at the close of business on August 19, 2015. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $5,287 million against $5,838 million a year ago. Earnings before income taxes were $874 million against $1,238 million a year ago. Net earnings were $573 million or $1.32 per diluted share against $810 million or $1.78 per diluted share a year ago. Operating earnings were $651 million or $1.50 per diluted share against $757 million or $1.66 per diluted share a year ago. The annualized return on average shareholders' equity in the second quarter was 12.9%. For the six months, the company reported total revenues of $10,513 million against $11,478 million a year ago. Earnings before income taxes were $1,887 million against $2,342 million a year ago. Net earnings were $1,236 million or $2.83 per diluted share against $1,542 million or $3.38 per diluted share a year ago. Operating earnings were $1,329 million or $3.04 per diluted share against $1,531 million or $3.36 per diluted share a year ago. The company expects earnings in the third quarter to be approximately $1.40 to $1.53 per diluted share. The company revised 2015 operating earnings per diluted share to be in the range of 4% to 7% on a currency neutral basis. The company would expect full-year reported operating earnings to be about $5.88 to $6.17 per diluted share. The company said it able to upwardly revise EPS guidance for 2015, as the company performed at or better than expected for the first 6 months and outlook for the full year is more favorable than original estimates.

AFLAC Inc. Hires Frederick J. Crawford as Executive Vice President and Chief Financial Officer, Effective June 30, 2015

Aflac Incorporated announced that it has hired Frederick J. Crawford as executive vice president and chief financial officer, reporting to Aflac Chairman and Chief Executive Officer Daniel P. Amos. In his new role, which will be effective June 30, 2015, Crawford will be responsible for overseeing the financial management of company operations. As previously announced, Kriss Cloninger III will remain as president of Aflac Incorporated. Cloninger will also be working closely with Crawford as he assumes the chief financial officer role. Most recently, Crawford served as executive vice president and chief financial officer of CNO Financial Group since 2012. Prior to that, he spent more than a decade at the Lincoln Financial Group serving in roles of progressive responsibility, including as executive vice president and chief financial officer as well as leading Corporate Development and Investments. Before joining Lincoln Financial Group, he also held leadership positions at Bank One Corporation.

AFLAC Inc. Presents at 31st Insurance Conference 2015, Jun-11-2015 02:45 PM

AFLAC Inc. Presents at 31st Insurance Conference 2015, Jun-11-2015 02:45 PM. Venue: New York Marriott Marquis, New York, United States. Speakers: Eric M. Kirsch, Global Chief Investment Officer of Aflac and Executive Vice President of Aflac.

AFLAC Seeks Acquisitions

AFLAC Inc. (NYSE:AFL) is looking for acquisitions. Robin Wilkey, Senior Vice President, Investor and Rating Agency Relations of AFLAC said, "The other key aspect of our capital plan is the evaluation of opportunities for capital usage. First, we have opportunities to drive organic growth. This can include items internal to Aflac, such as new product opportunities or other costs relative for growing the business. Additionally, it might also include targeted acquisitions for organic or inorganic growth within the insurance space. Capital deployment would also include debt buybacks, similar to the transaction we executed in March of 2015. We do expect operating EPS accretion of $0.07 per diluted share in 2015 and $0.10 a share in 2016 from reduced interest expense, as a result of this last transaction."

Aflac Promotes Matthew D. Owenby to Senior Vice President, Chief Human Resources Officer

Aflac announced that effective immediately it has promoted Matthew D. Owenby from vice president, Human Resources, to senior vice president, chief human resources officer. Owenby will continue to report to Teresa L. White, president, Aflac U.S. In his new role, he will lead the effort to apply global initiatives to the corporation while providing strategic direction for both the Human Resources and Leadership, Learning & Development teams. Owenby joined the company in early 2012 as vice president of HR Business Partners, bringing with him more than a decade of HR experience at Bank of America and General Electric. He most recently served as vice president of Human Resources at Aflac.

 

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AFL

Industry Average

Valuation AFL Industry Range
Price/Earnings 10.8x
Price/Sales 1.3x
Price/Book 1.6x
Price/Cash Flow 10.5x
TEV/Sales -- Not Meaningful
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