AFLAC INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
AFL$124.06-1.7%Stored close · as of Nov 6, 2026
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Consolidated Statements of Earnings
| Three Months Ended March 31, | ||
|---|---|---|
| (In millions, except for share and per-share amounts - Unaudited) | 2024 | 2023 |
| Revenues: | ||
| Net earned premiums, principally supplemental health insurance | $3,456 | $3,688 |
| Net investment income | 1,000 | 943 |
| Net investment gains (losses) | 951 | 123 |
| Other income (loss) | 29 | 46 |
| Total revenues | 5,436 | 4,800 |
| Benefits and expenses: | ||
| Benefits and claims, excluding reserve remeasurement | 2,066 | 2,203 |
| Reserve remeasurement (gains) losses | (56) | (53) |
| Total benefits and claims, net | 2,010 | 2,150 |
| Acquisition and operating expenses: | ||
| Amortization of deferred policy acquisition costs | 215 | 205 |
| Insurance commissions | 255 | 280 |
| Insurance and other expenses | 739 | 775 |
| Interest expense | 47 | 48 |
| Total acquisition and operating expenses | 1,256 | 1,308 |
| Total benefits and expenses | 3,266 | 3,458 |
| Earnings before income taxes | 2,170 | 1,342 |
| Income taxes | 291 | 154 |
| Net earnings | $1,879 | $1,188 |
| Net earnings per share: | ||
| Basic | $3.27 | $1.94 |
| Diluted | 3.25 | 1.94 |
| Weighted-average outstanding common shares used in computing earnings per share (In thousands): | ||
| Basic | 574,886 | 611,205 |
| Diluted | 577,482 | 613,950 |
| Cash dividends per share | $.50 | $.42 |
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