Aflac said its net earnings for Q2 2024 were $1.8 billion ($3.10 per diluted share) and its adjusted earnings were $1.0 billion ($1.83 per diluted share). Net earnings a year earlier were $1.6 billion ($2.71 per diluted share), and adjusted earnings were $954 million.

1. 01

   Aflac said its net earnings for Q2 2024 were $1.8 billion ($3.10 per diluted share) and its adjusted earnings were $1.0 billion ($1.83 per diluted share). Net earnings a year earlier were $1.6 billion ($2.71 per diluted share), and adjusted earnings were $954 million.

2. 02

   The company said the average yen/dollar exchange rate for Q2 was 155.70, which was 11.7% weaker than 137.53 a year earlier, and that the weaker yen reduced adjusted earnings per share by $0.07. It said net earnings included net investment gains of $696 million.

3. 03

   Aflac said pretax adjusted earnings for Aflac Japan in Q2 rose 18.6% in yen terms to ¥134.5 billion and 5.1% in dollar terms to $864 million. The company cited higher net investment income as the main factor behind the increase in yen terms.

4. 04

   The company said it spent $800 million in Q2 to repurchase 9.3 million common shares and had 59.2 million shares remaining under its repurchase authorization as of the end of June 2024. The board declared a dividend of $0.50 per share for Q3.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. 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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