Aflac Incorporated Q2 adjusted EPS misses estimates on weaker yen

The company said a weaker yen and lower Japan earnings affected quarterly results.

• Weaker yen - Co said weaker yen/dollar exchange rate reduced reported adjusted earnings per share by $0.05 in Q2.
• Japan segment - Co said lower Japan net earned premiums were mainly due to a new external reinsurance transaction and limited pay products reaching paid-up status.
• Higher benefits in U.S. - Co said U.S. pretax adjusted earnings declined 4.6% in Q2, primarily driven by higher benefits.

The company did not provide specific financial guidance for the current or future periods in the press release.

Analyst coverage:

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 10 "hold" and 3 "sell" or "strong sell".
• The average consensus recommendation for the life & health insurance peer group is .