Aflac Sees Big Benefit from Tax Reform
January 31 2018 - 6:10PM
Dow Jones News
By Adrienne Roberts
Aflac Inc. (AFL) on Wednesday reported a $1.7 billion benefit in
the fourth quarter as a result of U.S. tax law changes.
The Columbus, Ga.-based insurance provider earned a profit in
the quarter of $2.4 billion, $5.95 a share, compared with $751
million, or $1.84 a share, a year earlier.
Excluding one-time items and currency fluctuations, Aflac earned
$1.63 a share in the quarter. Analysts polled by Thomson Reuters
expected $1.55 a share.
Sales for the quarter declined to $5.4 billion from $6 billion a
year earlier. Analysts expected sales of $5.33 billion in the most
recent quarter.
Shares were flat at $88.20 in after-hours trading.
Write to Adrienne Roberts at adrienne.roberts@wsj.com
(END) Dow Jones Newswires
January 31, 2018 17:55 ET (22:55 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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