COLUMBUS, Ga. (AP) — Insurance company Aflac Inc. said Tuesday that its profit doubled in the first quarter as a stronger yen helped drive revenue higher.
Aflac, which provides disability and supplemental insurance primarily in Japan and the U.S., said net income grew to $785 million, or $1.68 a share, in the three months ended March 31. That compares with net income of $389 million, or 83 cents a share, in the prior-year period.
Stripping out one-time items from investment gains and losses, the company said operating earnings were $814 million, or $1.74 a share.
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