We care about Aflac’s policyholders affected by recent weather:
To help provide relief for Indiana policyholders residing in Delaware, Jefferson, and Randolph counties affected by the recent tornadoes, Aflac will provide a premium grace period starting March 13, 2024, and ending May 13, 2024. This grace period also provides an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder.
We care about Aflac’s policyholders affected by recent weather:
To help provide relief for California policyholders residing in Alameda, Butte, Glenn, Lake, Mendocino, Monterey, Sacramento, San Francisco, Santa Cruz, Sonoma, and Sutter Counties affected by the winter storms, Aflac will provide a premium grace period starting Feb. 3, 2024, and ending May 21, 2024. This grace period also provides an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder.
On Feb. 21, 2024, the cyber event reported by Change Healthcare, a company that assists healthcare providers with claims submissions and payments, has created a significant impact to health care providers, including hospitals, individual practitioners, practice groups, diagnostic centers, laboratories, and pharmacies. We have determined Aflac’s primary operations are not impacted. Further, Aflac and its subsidiaries do not have any direct connection to Change Healthcare systems in any of Aflac’s systems or applications. At this time, we are not aware of any impact to customer data but we are monitoring for any communications from our critical third-party suppliers. While Change Healthcare’s cyber event was not directed at Aflac, we will provide flexibility with claims submissions related to this incident should it be needed. If you believe you have a claim impacted by Change Healthcare’s event, please contact Aflac at 800-992-3522.
We care about Aflac’s policyholders affected by recent weather:
To help provide relief for California policyholders residing in Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara, and Ventura Counties affected by the winter storms, Aflac will provide a premium grace period starting Feb. 3, 2024, and ending May 21, 2024. This grace period also provides an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder.
COLUMBUS, Ga., April 24 /PRNewswire Interactive News Release/ -- AFLAC Incorporated
Net earnings were $178 million, or $.33 per diluted share, compared with $156 million, or $.29 per diluted share, a year ago. Total revenues, which were suppressed from foreign currency translation, were $2.4 billion in the first quarter, or .9% higher than a year ago.
Commenting on the company's first quarter results, President and Chief Executive Officer Daniel P. Amos stated: "We are pleased with the growth of our business during the first quarter of this year. AFLAC Japan demonstrated its resilience to the prolonged weak economy by again meeting or exceeding its operating objectives. At the same time, AFLAC U.S. extended its momentum by producing extremely strong sales and improved top-line growth.
"We believe our first-quarter results put us in a strong position for achieving our primary financial objective for the full year. Our goal is to increase operating earnings per diluted share at the high end of our 15% to 17% growth range excluding the impact of foreign currency translation. Although the weaker yen/dollar exchange rate may mask our financial performance, we believe our business is very strong and well-positioned to capitalize on the opportunities we see for continued growth."
AFLAC Incorporated is an international holding company. A Fortune 500® company, AFLAC insures more than 40 million people worldwide. It is the leading writer of supplemental insurance marketed at the worksite in the United States, offering policies to employees at more than 178,000 payroll accounts. The company is also the largest foreign insurer in Japan, insuring one out of four Japanese households. In January 2001, AFLAC was included in Fortune magazine's list of "100 Best Companies to Work For in America" for the third consecutive year. In February 2001, Fortune magazine also named AFLAC as the fifth most admired company in the life and health insurance sector in its annual listing of "America's Most Admired Companies." AFLAC's Internet address is aflac.com .
AFLAC Incorporated will webcast its first quarter conference call on the investor information page of aflac.com at 9:00 a.m. (EDT), Wednesday, April 25.
AFLAC INCORPORATED AND SUBSIDIARIES CONSOLIDATED SUMMARY OF EARNINGS
(UNAUDITED -- IN MILLIONS, EXCEPT FOR SHARE AND PER-SHARE AMOUNTS)
THREE MONTHS ENDED MARCH 31, 2001 2000 % Change
Total revenues $2,421 $2,398 .9%
Operating earnings * 177 159 11.4
Operating earnings per share
(basic)* .33 .30 10.0
Operating earnings per share
(diluted)* .33 .29 13.8
Net earnings 178 156 14.0
Net earnings per share (basic) .34 .29 17.2
Net earnings per share (diluted) .33 .29 13.8
Cash dividends paid per share .043 .038 13.2
Shares used to compute earnings
per share (000):
Basic 528,180 531,199 (.6)
Diluted 541,767 544,523 (.5)
*Excludes realized investment and derivative gains/losses
Share and per-share amounts have been adjusted to reflect the two-for-one stock split paid on March 16, 2001.
Forward looking information: Certain statements contained in this press release are "forward looking statements" within the meaning of the federal securities laws. Although the company believes that these statements are reasonable, it can give no assurance that they will prove to be correct because they are prospective in nature. Actual future results may differ materially from those discussed herein. We caution readers that the following factors, in addition to other factors mentioned from time to time in our reports filed with the Securities and Exchange Commission, could cause actual results to differ materially: regulatory developments, assessments for insurance company insolvencies, competitive conditions, new products, ability to repatriate profits from Japan, general economic conditions in the United States and Japan, changes in U.S. and/or Japanese tax laws or accounting requirements, adequacy of reserves, credit and other risks associated with AFLAC's investment activities, significant changes in interest rates, and fluctuations in foreign currency exchange rates.
Analyst and investor contact - Kenneth S. Janke Jr., (800) 235-2667 - option 3, FAX: (706) 324-6330, or
Media contact - Kathelen V. Spencer, (706) 596-3789, FAX: (706) 323-1448, or
SOURCE: AFLAC Incorporated
Contact: investors, Kenneth S. Janke Jr., 800-235-2667, option 3, or
fax, 706-324-6330, or
706-596-3789, or fax, 706-323-1448, or
Incorporated
Website: http://www.aflac.com/
