Key Developments: Aflac Inc (AFL)
57.77USD
18 Jun 2013
$0.19 (+0.33%)
$57.58
$57.73
$57.96
$57.49
2,489,238
3,133,539
$58.46
$39.34
Latest Key Developments (Source: Significant Developments)
AFLAC Inc Prices $700 Million Of Senior Notes
AFLAC Inc announced that it has priced $700 million (par value) of 10-year fixed-rate, senior notes with a coupon of 3.625%. The 10-year notes will be issued at a price of 100.00 to yield 3.625%. The company intends to use the net proceeds from this offering to repay, redeem or repurchase one or more of the parent company's ¥28.7 billion aggregate principal amount of 1.47% Samurai notes due July 2014; ¥5.5 billion aggregate principal amount of variable interest rate Samurai notes due July 2014 (which bear interest at an annual rate of 1.32% as of March 31, 2013); and $300 million aggregate principal amount of 3.45% senior notes due August 2015. The balance of the net proceeds is expected to be used for general corporate purposes, including capital contributions to subsidiaries, if needed. Goldman Sachs & Co., Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, and J.P. Morgan Securities LLC served as joint book-running managers for the transaction. Full Article
AFLAC Inc Reaffirms FY 2013 EPS Guidance; Issues Q2 2013 EPS Guidance Below Analysts' Estimates
AFLAC Inc announced that reflecting the underlying strength of the business, it still expects to have another good year. The Company reiterated objective for fiscal 2013 has not changed and expects to increase operating earnings per diluted share 4% to 7%, or approximately $6.86 to $7.06 per share, on a currency neutral basis. Assuming it achieve earnings objective and the yen averages 95 to 100 to the dollar for fiscal 2013, expects to report operating earnings of $5.99 to $6.37 per diluted share for the full year. For the second quarter of 2013, using the same currency assumptions, the Company expect operating earnings will be in the range of $1.41 to $1.56 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $6.26 for fiscal 2013; EPS of $1.57 for the second quarter of 2013. Full Article
AFLAC Inc Declares Second Quarter Cash Dividend
AFLAC Inc announced that the board of directors have declared the second quarter cash dividend. The second quarter dividend of $.35 per share is payable on June 3, 2013, to shareholders of record at the close of business on May 22, 2013. Full Article
AFLAC Inc Reaffirms FY 2013 EPS Guidance-Conference Call
AFLAC Inc reiterated that its objective for fiscal 2013 has not changed and plan is to increase operating earnings per diluted share (EPS) by 4% to 7%. Again on a constant-currency basis, 4% to 7% objective equates to $6.86 to $7.06 in operating earnings per diluted share. Full Article
AFLAC Inc Declares First Quarter Cash Dividend
AFLAC Inc announced that the board of directors declared the first quarter cash dividend. The first quarter dividend of $.35 per share is payable on March 1, 2013, to shareholders of record at the close of business on February 15, 2013. Full Article
AFLAC Inc Reaffirms FY 2013 EPS Guidance
AFLAC Inc reiterated that its objective for fiscal 2013 has not changed: To increase operating earnings per diluted share 4% to 7%, or approximately $6.86 to $7.06 per share (EPS), on a currency neutral basis. Therefore, if the yen/dollar exchange rate averages 90 yen for fiscal 2013, it's likely operating earnings per diluted share will be $6.37 to $6.57 for fiscal 2013. Full Article
AFLAC Inc Reaffirms Q4, FY 2012 EPS Guidance; Reaffirms FY 2013 EPS Guidance-Conference Call
AFLAC Inc announced that for the fourth quarter of 2012, it expects operating earnings to be in the range of $1.46 to $1.51 per diluted share. For fiscal 2012, it expects operating earnings to be in the range of $6.58 to $6.63 per diluted share. For fiscal 2013, it expect to increase operating EPS by 4% to 7%. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $6.61 for fiscal 2012; EPS of $1.49 for the fourth quarter of 2012; EPS of $6.94 for fiscal 2013. Full Article
AFLAC Inc Prices $450 Million Of Subordinated Debentures
AFLAC, Inc. announced that it has priced $450 million of subordinated debentures with a coupon of 5.50% on September 19, 2012. The subordinated debentures will mature in 2052 and are redeemable in whole or in part after five years at a redemption price equal to their principal amount. The company intends to use the net proceeds from this offering for general corporate purposes. Morgan Stanley & Co. LLC, Goldman Sachs & Co., J.P. Morgan Securities, LLC and Wells Fargo Securities, LLC served as joint book-running managers for the transaction. Full Article
AFLAC, Inc. Prices $250 Million Of Senior Notes
AFLAC, Inc. announced that it has priced $250 million (par value), fixed rate senior notes, as a follow-on offering to the Company's $400 million (par value) fixed rate senior notes, issued on February 10, 2012, with a coupon of 2.65% due in 2017. These notes will be issued at a price of 103.105 with a re-offer yield of 1.932%. The Company intends to use the net proceeds from this offering for general corporate purposes, including capital contributions to subsidiaries, if needed. Full Article
AFLAC, Inc. Reaffirms FY 2012, 2013 EPS Guidance; Issues Q3 2012 EPS Guidance Above Analysts' Estimates
AFLAC, Inc. announced that it is to reaffirm fiscal 2012 and expects operating earnings per diluted share (EPS) to increase in the range of 3% to 6%, excluding the impact of foreign currency. If the yen averages 80 for the full year it's likely operating earnings per diluted share will be $6.45 to $6.52 for fiscal 2012, which is toward the lower end of the range, due to the continued low level of investment yields. Using that same exchange rate assumption, the Company would expect third quarter 2012 operating earnings to be $1.64 to $1.69 per diluted share. As it conveyed at analyst meeting in May, for 2013, target is to achieve growth in operating earnings per diluted share of 4% to 7%, excluding currency. The Company reported EPS of $6.33 in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.63 for the third quarter of 2012; EPS of $6.56 for fiscal 2012 and EPS of $6.89 for fiscal 2013. Full Article
Aflac profit beats estimates on strong Japan sales
- Life insurer Aflac Inc , which counts on Japan for almost 80 percent of its business, reported a better-than-expected 13 percent rise in quarterly profit but a weaker yen took a big chunk out of its premium income.
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