Fiduciary Rule Casts Long Shadow Over 1Q Earnings
April 28, 2016 by Cyril Tuohy
Life and annuity companies begin releasing first quarter earnings this week and analysts will be hunting for as much guidance as possible on the Department of Labor’s fiduciary rule and how it will affect future company earnings.
Aflac, the Columbus, Ga.-based insurer, kicked off the earnings parade Tuesday by reporting net income of $731 million, or $1.74 per share diluted. Earnings, adjusted for investment gains, were $1.73 per share. Ten analysts surveyed by Zacks Investment Research expected earnings of $1.62 per share.
The company, which derives profits from Japan and the U.S., said it benefited from a stronger yen-dollar exchange rate. Click HERE to view the full article.
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