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Jun 30, 2020
Aflac Q2 2020 Earnings Report
Aflac's second quarter results were announced, with net earnings of $805 million reported.
Key Takeaways
Aflac Incorporated reported a decrease in total revenues to $5.4 billion, and a net earnings of $805 million, or $1.12 per diluted share, for the second quarter of 2020.
Total revenues were $5.4 billion, compared to $5.5 billion in the second quarter of 2019.
Net earnings were $805 million, or $1.12 per diluted share, compared to $817 million, or $1.09 per diluted share a year ago.
Adjusted earnings were $921 million, compared with $846 million in the second quarter of 2019.
Adjusted earnings per diluted share increased to $1.28 in the quarter.
Aflac
Aflac
Aflac Revenue by Segment
Aflac Revenue by Geographic Location
Revenue by Segment
Corporate and Other Revenue
CapyFin.comRevenue by Geographic Location
Japan Revenue
CapyFin.comUS Revenue
CapyFin.com Forward Guidance
Aflac expects full-year sales results in both the United States and Japan to be significantly affected, but they also see potential for a modest sales recovery in the second half of the year, contingent upon the pace of economic recovery.
Positive Outlook
- Potential for a modest sales recovery in the second half of the year.
- Committed to prudent liquidity and capital management.
- Maintaining strong capital ratios on behalf of policyholders.
- Tactical approach to capital allocation.
- Focused on integrating the growth investments.
Challenges Ahead
- COVID-19 continues to impact sales results in the United States and Japan.
- Expect full-year sales results in both countries to be significantly affected.
- Economic conditions and claims activity remain uncertain in both Japan and the U.S.
- Environment created by COVID-19 continues to impact sales results.
- Consumers defer treatment, which led to favorable results in this quarter.