COLUMBUS, Ga. (AP) _ Aflac Inc. (AFL) on Thursday reported third-quarter profit of $777 million.
The Columbus, Georgia-based company said it had profit of $1.04 per share. Earnings, adjusted for non-recurring costs, were $1.16 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The insurer posted revenue of $5.54 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $5.56 billion.
Aflac shares have increased 15% since the beginning of the year, while the Standard & Poor's 500 index has climbed 20%. In the final minutes of trading on Thursday, shares hit $52.56, a climb of 23% in the last 12 months.