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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| AFLAC Inc | NYSE:AFL | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.96 | 1.15% | 84.17 | 85.10 | 83.27 | 84.05 | 883,884 | 18:42:45 |
From May 2019 to May 2024
By Allison Prang
Aflac Inc.'s chief executive said the company's sales in the U.S. and Japan started "to fall off" last month and the drop worsened in April.
CEO and Chairman Daniel Amos said in prepared remarks that the sales production drop was "impacted by a reduction in face-to-face activity." The company's revenue in the first quarter was $5.16 billion, down 8.8% from a year ago. That missed the consensus estimate from FactSet of $5.5 billion.
"While our respective sales platforms and distribution partners are working to adapt to the new environment, we believe these trends point to depressed sales at least until we see COVID-19 restrictions subside," Mr. Amos said Wednesday.
He also said the company is withdrawing its guidance for adjusted earnings for this year.
Write to Allison Prang at allison.prang@wsj.co
(END) Dow Jones Newswires
April 29, 2020 16:52 ET (20:52 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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