Belarus strongman set to win a 7th term in an election the opposition calls a farce
Haitian leader says the Trump administration’s plans will be 'catastrophic' for his country
Brazil condemns handcuffing of deportees on flight from US
Be brave. That's what Madison Keys kept telling herself on the way to winning the Australian Open
Some 70 people killed in attack on hospital in Sudan's Darfur region, WHO chief says
CIA now says COVID-19 'more likely' to have come from lab
Trump says he may consider rejoining World Health Organization
Trump discussing TikTok purchase with multiple people, decision in 30 days
No. 1 Auburn slips past No. 6 Tennessee 53-51 and extends its winning streak to 11 games
Harris English holds off Sam Stevens by a shot in the Farmers Insurance Open at Torrey Pines
(Reuters) - Life and health insurer Aflac reported second-quarter profit above analysts' estimates on Wednesday, helped by higher premiums earned in its U.S. unit.
Its U.S. unit earned net premiums of $1.5 billion for the quarter ended June 30, up 2.1% from a year earlier.
Net earnings in the second quarter came in at $1.76 billion, compared with $1.63 billion a year earlier.
On an adjusted basis, the Columbus, Georgia-based company reported a quarterly per-share profit of $1.83 per share, compared to the analysts' average estimate of $1.60 per share, according to LSEG data.
The company’s new product launch, which includes a future nursing care coverage feature, has helped revive sales, driving a 4.5% increase in sales for the quarter at its Japanese unit.
Aflac did not comment on the sales forecast for its U.S. or Japan businesses.
However, the company earned net premium of 267.3 billion yen ($1.78 billion) in its Japan unit, down 5.7% due to impact of reinsurance and paid-up policies.
($1 = 149.8900 yen)
(Reporting by Sruthi Narasimha Chari in Bengaluru; Editing by Tasim Zahid)
