Aflac: Q3 Earnings Snapshot
By AP News
Published - Oct 30, 2024, 04:17 PM ET
Last Updated - Oct 30, 2024, 04:17 PM EDT
COLUMBUS, Ga. (AP) — COLUMBUS, Ga. (AP) — Aflac Inc. (AFL) on Wednesday reported a third-quarter loss of $93 million, after reporting a profit in the same period a year earlier.
The Columbus, Georgia-based company said it had a loss of 17 cents per share. Earnings, adjusted for non-recurring costs, were $2.16 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The insurer posted revenue of $2.95 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $4.65 billion.
