AFLAC Incorporated Earnings Cheat Sheet: Misses Estimates

S&P 500 (NYSE:SPY) component AFLAC Incorporated (NYSE:AFL) reported a lower net income in second quarter, missing analysts’ estimates. Aflac, Inc., a general business holding company, provides supplemental health and life insurance through its subsidiaries in the United States and Japan.

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AFLAC Incorporated Earnings Cheat Sheet for the Second Quarter

Results: Net income for AFLAC Incorporated fell to $280 million (60 cents per share) vs. $581 million ($1.23 per share) a year earlier. This is a decline of 51.8% from the year earlier quarter.

Revenue: Rose 2.2% to $5.09 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: AFL‘s operating income, which takes into account special items, was $1.56 per share beating the mean analyst estimate of $1.54 per share. It fell short of the average revenue estimate of $5.69 billion.

Quoting Management: Chairman and Chief Executive Officer Daniel P. Amos stated: “We are pleased with our overall results in the second quarter of 2011. Aflac Japan overcame challenges resulting from the most destructive and devastating natural disaster in Japan’s history, to achieve strong sales growth.”

Key Stats:

Revenue has risen the past four quarters. Revenue increased 1% to $5.12 billion in the first quarter. The figure rose 15.2% in the fourth quarter of the last fiscal year from the year earlier and climbed 19.2% in the third quarter of the last fiscal year from the year-ago quarter.

The company has now seen net income fall in each of the last two quarters. In the first quarter, net income fell 37.9% from the year earlier quarter.

Competitors to Watch: Unum Group (NYSE:UNM), Principal Financial Group, Inc. (NYSE:PFG), Triple-S Management Corp. (NYSE:GTS), American Independence Corp. (NASDAQ:AMIC), CIGNA Corporation (NYSE:CI), WellPoint, Inc. (NYSE:WLP), American Insurance Group (NYSE:AIG), Universal American Corp. (NYSE:UAM), Humana Inc. (NYSE:HUM), HealthMarkets, Inc. (NYSE:UCI).

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(Source: Xignite Financials)