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Aflac boasts huge second quarter

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.

By The Associated Press | Updated on July 31, 2013
The Aflac duck mascot visits the floor of the New York Stock Exchange Thursday, Feb. 25, 2010 to celebrate his 10th anniversary. (AP Photo/Richard Drew)

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.

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