Here is how Aflac (AFL) and Barings BDC (BBDC) have performed compared to their sector so far this year.
AFL remains well-poised for growth on productivity improvements in its U.S. business, product launches and sound operating cash flows.
Aflac (AFL) has demonstrated financial strength through its increased revenue, net investment gains, and decreased benefits and claims. The current dividend yield remains modest at 1.8% but the dividend growth rate sits in the double digits. This is accompanied by an extremely health payout ratio. AFL's portfolio of debt investments, including middle market loans and commercial real estate, has helped generate higher revenues, but vulnerability exists with potential interest rate cuts and poor credit ratings.
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Here is how Aflac (AFL) and Barings BDC (BBDC) have performed compared to their sector so far this year.
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Aflac's (AFL) second-quarter results benefit from lower benefits and expenses and higher investment income. However, lower net earned premiums in the Japan segment act as a partial offset.
Aflac Incorporated (NYSE:AFL ) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants David Young - VP of Investor and Rating Agency Relations Dan Amos - Chairman and CEO and President Max Broden - EVP and CFO Virgil Miller - President, Aflac U.S. Charles Lake - Chairman and Representative Director, President of Aflac International Masatoshi Koide - President and Representative Director, Aflac Life Insurance Japan Koichiro Yoshizumi - EVP, Director of Sales & Marketing Alliance Strategy Brad Dyslin - Global Chief Investment Officer, President of Aflac Global Investments Conference Call Participants Joel Hurwitz - Dowling & Partners Jimmy Bhullar - JPMorgan John Barnidge - Piper Sandler Tom Gallagher - Evercore ISI Nick Annitto - Wells Fargo Operator Good day, and welcome to the Aflac Incorporated Second Quarter 2024 Earnings Conference Call. All participants will be in a listen only mode.
Although the revenue and EPS for Aflac (AFL) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Aflac (AFL) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.59 per share. This compares to earnings of $1.58 per share a year ago.
Aflac's (AFL) Q2 results are likely to reflect the benefits of strong persistency rates in its U.S. operations, partly offset by falling net premiums in the Japan segment.
Improving business environment, underwriting practices and other factors are expected to have benefited insurance players in the second quarter. MET, AFL, AIG, ALL and EG will release earnings on Jul 31.