COLUMBUS, Ga. (AP) _ Aflac Inc. (AFL) on Wednesday reported third-quarter earnings of $888 million.
On a per-share basis, the Columbus, Georgia-based company said it had net income of $1.32. Earnings, adjusted for non-recurring costs, were $1.53 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The insurer posted revenue of $5.24 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $5.38 billion.
Aflac shares have climbed 26% since the beginning of the year, while the S&P's 500 index has increased 21%. In the final minutes of trading on Wednesday, shares hit $56, a climb of 58% in the last 12 months.
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