Overview

* Aflac ( AFL ) Q3 revenue of $4.7 bln beats analyst expectations

* Adjusted EPS for Q3 beats consensus, rising 15.3% to $2.49

* Company repurchased $1.0 bln in shares during Q3

Outlook

* Company did not provide specific future guidance

Result Drivers

* NET INVESTMENT GAINS - Aflac's ( AFL ) Q3 results were driven by net investment gains of $275 mln, reversing prior year losses

* STRONG JAPAN SALES - Aflac Japan's sales increased 11.8% due to strong performance of new cancer insurance product Miraito

* U.S. PREMIUM GROWTH - Aflac U.S. net earned premiums rose 2.5% in Q3, driven by improved sales of group life and disability products

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $4.70 $4.38

Revenue bln bln (6

Analysts

)

Q3 Beat $2.49 $1.77

Adjusted (13

EPS Analysts

)

Q3 EPS $3.08

Q3 Beat $1.30 $955.97

Adjusted bln mln (8

Net Analysts

Income )

Q3 Net $1.60

Income bln

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)