MarketWatch writes article about Aflac operating profit rises 15% on lower expenses:
By Tess Stynes
Published: Feb 1, 2016 5:30 p.m. ET
By
TessStynes
Aflac Inc. said its fourth-quarter operating earnings rose 15% on lower
expenses that offset a decline in revenue.
A weaker yen continued to weigh on the insurer’s business in Japan,
where the company generates most of its sales.
operating earnings were at the high end of expectations and revenue
beat analysts’ estimates.
Operating earnings are a widely watched benchmark for the insurance
industry because they exclude realized capital gains and losses from
companies’ investment portfolios, among other items that aren’t
considered recurring.
For the latest quarter, in U.S. dollar terms, premium income at Aflac’s
Japan business fell 5.6% to $3 billion, while revenue decreased 5.5% to
$3.6 billion and pretax operating earnings grew 5.2% to $810 million.
In yen terms, Japan segment premium income edged up 0.3.%, revenue rose
0.4% and pretax operating earnings increased 12%.
MarketWatch Article Source Here.