United States

Income Statements: Aflac Inc (AFL)

AFL on New York Consolidated

17 Oct 2017
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Interim Income Statement
View: AnnualInterim

In Millions ofU.S. Dollars
(except for per share items)
Period Length
3 Months
Total Premiums Earned 4,687.0
Net Investment Income 802.0
Realized Gains (Losses) (52.0)
Other Revenue, Total --
Total Revenue 5,437.0
Losses, Benefits, and Adjustments, Total 4,039.0
Amortization of Policy Acquisition Costs 283.0
Selling/General/Admin. Expenses, Total --
Depreciation/Amortization --
Interest Expense, Net - Operating --
Interest Expense(Income) - Net Operating --
Unusual Expense (Income) 9.0
Other Operating Expenses, Total --
Total Operating Expense 4,331.0
Operating Income 1,106.0
Interest Expense, Net Non-Operating (61.0)
Interest/Invest Income - Non-Operating --
Interest Income(Exp), Net Non-Operating --
Gain (Loss) on Sale of Assets --
Other, Net --
Net Income Before Taxes 1,045.0
Provision for Income Taxes 332.0
Net Income After Taxes 713.0
Minority Interest --
Equity In Affiliates --
U.S. GAAP Adjustment --
Net Income Before Extra. Items 713.0
Accounting Change --
Discontinued Operations --
Extraordinary Item --
Tax on Extraordinary Items --
Net Income 713.0
Preferred Dividends --
General Partners' Distributions --
Miscellaneous Earnings Adjustment --
Pro Forma Adjustment --
Interest Adjustment - Primary EPS --
Income Available to Com Excl ExtraOrd 713.0
Income Available to Com Incl ExtraOrd 713.0
Basic Weighted Average Shares 396.43
Basic EPS Excluding Extraordinary Items 1.799
Basic EPS Including Extraordinary Items 1.799
Dilution Adjustment --
Diluted Weighted Average Shares 399.35
Diluted EPS Excluding ExtraOrd Items 1.785
Diluted EPS Including ExtraOrd Items 1.785
DPS - Common Stock Primary Issue 0.430
Gross Dividends - Common Stock 171.0
Total Special Items 9.0
Normalized Income Before Taxes 1,054.0
Effect of Special Items on Income Taxes 2.9
Inc Tax Ex Impact of Sp Items 334.9
Normalized Income After Taxes 719.1
Normalized Inc. Avail to Com. 719.1
Basic Normalized EPS 1.814
Diluted Normalized EPS 1.801

Fitch Rates Aflac Inc.'s JPY60 Billion Subordinated Debt 'BBB'

(The following statement was released by the rating agency) CHICAGO, October 17 (Fitch) Fitch Ratings has assigned a 'BBB' rating to Aflac, Inc.'s (Aflac) proposed issuance of 2.108% JPY60 billion subordinated notes due 2047. KEY RATING DRIVERS The rating for the new offering is equivalent to the rating on Aflac's existing subordinated debt. The notes are rated three notches below the company's 'A' Insurer Default Rating (IDR), which reflects Fitch's assumption of "poor" recovery prospects in th