Research Desk Line-up: Assurant Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 10, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Aflac Inc. (NYSE: AFL), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=AFL, following the Company's reporting of its financial results on July 27, 2017, for the second quarter fiscal 2017. The Company's adjusted ROE increased 50 basis points on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Accident & Health Insurance industry. Pro-TD has currently selected Assurant, Inc. (NYSE: AIZ) for due-diligence and potential coverage as the Company announced on August 01, 2017, its financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Assurant when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on AFL; also brushing on AIZ. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=AFL

http://protraderdaily.com/optin/?symbol=AIZ

Earnings Reviewed

For three months ended June 30, 2017, Aflac's total revenue decreased 18 basis points to $5.43 billion on a y-o-y basis from $5.44 billion in Q2 FY16. Total revenue came in below analysts' expectations of 45.48 billion.

During Q2 FY17, Aflac's EBIT increased 25.3% to $1.05 billion from $834 million in Q2 FY16.

For the reported quarter, Aflac's net income increased 30.1% to $713 million from $548 million in Q2 FY16. During Q2 FY17, the Company's diluted EPS increased 35.6% to $1.79 from $1.32 in Q2 FY16.

During Q2 FY17, Aflac's adjusted net income increased 7% to $731 million from $683 million in the same quarter last year. The increase was due to improved benefit ratios in both Japan and the US. For the reported quarter, Aflac's adjusted diluted EPS increased 10.9% to $1.83 from $1.65 in Q2 FY16.

On July 2017, Aflac's Board of Directors declared a dividend of $0.43 per share payable on September 01, 2017, to shareholders of record at the close of business on August 23, 2017.

Segment Details

Japan Segment - During Q2 FY17, Aflac's Japan segment's total revenue decreased 5.7% to $3.8 billion on a y-o-y basis. For the reported quarter, the segment's adjusted EBIT decreased 1.4% to $557 million on a y-o-y basis.

During Q2 FY17, Aflac's Japan segment's premium income, net of reinsurance agreements, decreased 2.7% to $3.2 billion on a y-o-y basis. For the reported quarter, the segment's net investment income, net of amortized hedge costs, decreased 7.9% to $557 million on a y-o-y basis. The decrease was attributable to lower reinvestment rates and increased amortized hedge costs.

US Segment- During Q2 FY17, Aflac's US segment's total revenue increased 2.1% to $1.6 billion on a y-o-y basis. For the reported quarter, the segment's adjusted EBIT increased 13.4% to $330 million on a y-o-y basis. During Q2 FY17, the segment's adjusted EBIT margin increased 200 basis points to 21% of total revenue from 19% of total revenue in Q2 FY16.

During Q2 FY17, Aflac's US segment's premium income increased 1.9% to $1.4 billion on a y-o-y basis. For the reported quarter, the segment's net investment income increased 2.3% to $180 million on a y-o-y basis.

Balance Sheet

As on June 30, 2017, Aflac's total investments and cash decreased 3.2% to $121.90 billion from $125.98 billion in Q2 FY16. During Q2 FY17, the Company's notes payable increased 4.9% to $5.25 billion from $5.01 billion in Q2 FY16.

For the reported quarter, Aflac's adjusted return on equity (ROE) ratio increased 50 basis points on a y-o-y basis to16.5%. During Q2 FY17, Aflac repurchased 2.7 million common shares totaling $200 million.

Outlook

For FY17, Aflac expects to repurchase shares in the range of $1.3 billion-$1.5 billion. The Company estimates EPS to be in the range of $6.40-$6.65 for fiscal 2017.

Stock Performance

Aflac's share price finished yesterday's trading session at $81.77, slightly up 0.65%. A total volume of 1.54 million shares have exchanged hands. The Company's stock price rallied 9.86% in the last three months, 17.42% in the past six months, and 11.85% in the previous twelve months. Additionally, the stock surged 17.49% since the start of the year. Shares of the Company have a PE ratio of 12.36 and have a dividend yield of 2.10%. The stock currently has a market cap of $32.37 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily