Business

Market movers

Insurer’s stock falls as revenue lags forecast

For Aflac, a weaker yen means the value of its revenue translates into fewer dollars.

For Aflac, a weaker yen means the value of its revenue translates into fewer dollars.

The Columbus, Ga.-based insurance­ company Aflac Inc., which does a significant portion of its business in Japan, said earnings rose 9 percent in the fourth quarter as premium income rose in Japan, offsetting the impact of a weaker yen. Aflac said net income rose to $581 million, or $1.24 a share, compared to a net of $538 million, or $1.15, a year earlier. Revenue climbed 6.6 percent to $6.38 billion. Analysts, however, expected $1.47 on revenue of $6.42 billion.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com