The company said it reported a net loss of $93 million ($0.17 loss per diluted share) for Q3 2024, compared with net earnings of $1.6 billion a year earlier. The company cited the increase in foreign exchange-related losses from the yen strengthening by 12.9% during the quarter as the main factor behind the difference.

1. 01

   The company said it reported a net loss of $93 million ($0.17 loss per diluted share) for Q3 2024, compared with net earnings of $1.6 billion a year earlier. The company cited the increase in foreign exchange-related losses from the yen strengthening by 12.9% during the quarter as the main factor behind the difference.

2. 02

   Aflac said adjusted earnings for Q3 2024 were $1.2 billion, up 10.6% from $1.1 billion a year earlier. It said adjusted earnings per diluted share rose 17.4% to $2.16.

3. 03

   The company said it spent $500 million to repurchase 4.9 million shares of common stock in Q3 2024. It said it had 54.3 million shares remaining under its repurchase authorization as of the end of September 2024.

4. 04

   The company said it appointed Virgil R. Miller as President of the company, in addition to his role as President of Aflac U.S., effective January 1, 2025. Daniel P. Amos, who has served as President since November 16, 2023, will resign as President on the same date but will remain Chairman and Chief Executive Officer.

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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