COLUMBUS, Ga. (AP) — Insurance company Aflac Inc. reported a big jump in second-quarter earnings on Tuesday as it benefited from investment gains, but profit growth was held back by a weak yen and its third-quarter profit guidance was lower than analysts expected.
The company, which provides disability and supplemental insurance in Japan and the U.S., earned $889 million, or $1.90 per share, for the quarter that ended June 30. That was up from $483 million, or $1.03 per share, during the same period last year.
On an operating basis — which strips out the impact of investment gains and currency fluctuations — Aflac earned $759 million, or $1.62 per share, up from $755 million, or $1.61 per share, a year earlier.
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