COLUMBUS, Ga., Feb. 5, 2025 /PRNewswire/ -- Aflac Incorporated (NYSE: AFL) today reported its fourth quarter results.
Total revenues were $5.4 billion in the fourth quarter of 2024, compared with $3.8 billion in the fourth quarter of 2023. Net earnings were $1.9 billion, or $3.42 per diluted share, compared with $268 million, or $0.46 per diluted share a year ago.
Net earnings in the fourth quarter of 2024 included net investment gains of $1.0 billion, or $1.86 per diluted share, compared with net investment losses of $511 million, or $0.87 per diluted share a year ago. These net investment gains were driven by net gains of $1.2 billion on certain derivatives and foreign currency activities; and a $40 million gain from an increase in the fair value of equity securities offset by $95 million of reserves for current expected credit losses (CECL); net losses from sales and redemptions of $74 million; and no impairments.
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