Aflac Incorporated reported a net loss of $93 million for the third quarter of 2024, primarily due to increased foreign exchange-related losses. Adjusted earnings were $1.2 billion, reflecting a 10.6% increase. The company deployed $500 million to repurchase 4.9 million of its common shares.
Total revenues were $2.9 billion, compared to $5.0 billion in the third quarter of 2023.
Net losses were $93 million, or $0.17 per diluted share, compared to earnings of $1.6 billion, or $2.64 per diluted share a year ago.
Adjusted earnings were $1.2 billion, compared with $1.1 billion in the third quarter of 2023, reflecting an increase of 10.6%.
Aflac Japan's total new annualized premium sales increased 12.3% to $117 million.
Aflac is focusing on profitable growth in the U.S. and Japan with new products and distribution strategies.
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