Aflac said net earnings for Q1 2024 were $1.9 billion, or $3.25 per diluted share, compared with $1.2 billion, or $1.94 per share, a year earlier. Net earnings included net investment gains of $951 million, and adjusted earnings were $961 million.

1. 01

   Aflac said net earnings for Q1 2024 were $1.9 billion, or $3.25 per diluted share, compared with $1.2 billion, or $1.94 per share, a year earlier. Net earnings included net investment gains of $951 million, and adjusted earnings were $961 million.

2. 02

   Aflac said adjusted earnings for Q1 were $961 million, up 0.8% from $953 million a year earlier, and adjusted diluted earnings per share rose 7.1% to $1.66. The company said the weaker yen/dollar exchange rate reduced adjusted earnings per share by $0.08.

3. 03

   The company said Aflac Japan's pretax adjusted earnings for Q1 increased 15.6% to ¥120.6 billion on a reported yen basis and 2.8% to $810 million in dollar terms. Aflac U.S. pretax adjusted earnings were $356 million, 1.1% higher than a year earlier.

4. 04

   The company said it deployed $750 million in capital in Q1 to repurchase 9.3 million common shares, and that it had 68.5 million shares remaining authorized for repurchase as of the end of March 2024. The board declared a Q2 dividend of $0.50 per share.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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