COLUMBUS, Ga. (AP) _ Aflac Inc. (AFL) on Thursday reported first-quarter net income of $928 million.
The Columbus, Georgia-based company said it had net income of $1.23 per share. Earnings, adjusted for investment gains, were $1.12 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The insurer posted revenue of $5.66 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $5.48 billion.
Aflac expects full-year earnings in the range of $4.10 to $4.30 per share.
Aflac shares have increased nearly 8 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 17 percent. In the final minutes of trading on Thursday, shares hit $49.08, a climb of 8 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AFL at https://www.zacks.com/ap/AFL