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Sep 30, 2021
Aflac Q3 2021 Earnings Report
Aflac reported third quarter results with net earnings of $888 million and adjusted earnings per diluted share of $1.53.
Key Takeaways
Aflac Incorporated reported third quarter net earnings of $888 million, or $1.32 per diluted share. Total revenues were $5.2 billion, compared to $5.7 billion in the same quarter of the previous year. Adjusted earnings per diluted share increased by 10.1% to $1.53.
Total revenues were $5.2 billion, compared with $5.7 billion in the third quarter of 2020.
Net earnings were $888 million, or $1.32 per diluted share.
Adjusted earnings per diluted share increased 10.1% to $1.53.
Aflac Japan's pretax adjusted earnings increased 30.7% to $976 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Aflac expects small businesses to continue in recovery mode through the rest of the year, while larger businesses have shown better potential for sales in the fourth quarter. The company remains committed to prudent liquidity and capital management and will continue to tactically repurchase shares.
Positive Outlook
- September launch of the new nursing care product was off to a promising start.
- Ability to meet face-to-face with customers appears to be improving gradually.
- Larger businesses have been more resilient and have shown better potential for sales in the fourth quarter.
- Committed to prudent liquidity and capital management.
- Continue to tactically repurchase shares.
Challenges Ahead
- Pandemic conditions were more challenging in Japan.
- Widespread states of emergency persisted through the third quarter in Japan.
- Small businesses are still in recovery mode.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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