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Aflac logoAflac AFL

Aflac said net earnings for Q4 2024 were $1.9 billion, or $3.42 per diluted share, compared with $268 million, or $0.46 per share, a year ago. The company said net investment gains of $1.0 billion were included in Q4 net earnings.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Aflac said net earnings for Q4 2024 were $1.9 billion, or $3.42 per diluted share, compared with $268 million, or $0.46 per share, a year ago. The company said net investment gains of $1.0 billion were included in Q4 net earnings.

  2. Aflac said adjusted earnings for Q4 were $865 million, up 18.2% from $732 million a year ago, and adjusted earnings per diluted share increased 24.8% to $1.56. The company said the weaker yen/dollar exchange rate negatively impacted adjusted earnings per share by $0.01.

  3. Aflac said full-year 2024 revenues were $18.9 billion, up 1.2%, and net earnings were $5.4 billion, or $9.63 per diluted share. The company said full-year adjusted earnings were $4.1 billion, or $7.21 per diluted share.

  4. Aflac said in Q4 it repurchased 7.0 million shares of common stock for $750 million, and as of December 2024 the company had 47.3 million shares remaining authorized for repurchase. The board declared a Q1 dividend of $0.58 per share.

Summary

AI-written

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.

Q4 Net Earnings $1.9 billion, Including Net Investment Gains $1.0 billion

Aflac said net earnings for Q4 2024 were $1.9 billion, or $3.42 per diluted share, compared with $268 million, or $0.46 per share, a year ago. The company said net investment gains of $1.0 billion were included in Q4 net earnings.

Source · Based on the filing body and exhibits

Q4 Adjusted Earnings Up 18.2%

Aflac said adjusted earnings for Q4 were $865 million, up 18.2% from $732 million a year ago, and adjusted earnings per diluted share increased 24.8% to $1.56. The company said the weaker yen/dollar exchange rate negatively impacted adjusted earnings per share by $0.01.

Source · Based on the filing body and exhibits

Full-Year 2024 Net Earnings $5.4 billion, Adjusted Earnings $4.1 billion

Aflac said full-year 2024 revenues were $18.9 billion, up 1.2%, and net earnings were $5.4 billion, or $9.63 per diluted share. The company said full-year adjusted earnings were $4.1 billion, or $7.21 per diluted share.

Source · Based on the filing body and exhibits

Q4 Share Repurchases and Q1 Dividend

Aflac said in Q4 it repurchased 7.0 million shares of common stock for $750 million, and as of December 2024 the company had 47.3 million shares remaining authorized for repurchase. The board declared a Q1 dividend of $0.58 per share.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.