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Aflac posts 16% higher second-quarter net


REUTERS

1:21 p.m. July 23, 2008

NEW YORK, – Aflac Inc the world's largest seller of supplemental disability insurance, said Wednesday net income rose 16 percent in the second quarter, helped by stronger revenue reflecting a stronger Japanese yen to the dollar.

A significant portion of the company's business comes from Japan.

Net earnings increased to $483 million, or $1 a share, from $415 million, or 84 cents a share, in the year-earlier quarter.

(Reporting by Lilla Zuill; editing by Jeffrey Benkoe)


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