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.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.