May.15 -- Aflac Inc. Chairman and Chief Executive Officer Dan Amos says the health insurer is well-prepared to handle the fallout from the Covid-19 pandemic. He speaks with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
Several states are lifting their COVID-19 mitigation orders Friday, allowing many businesses to reopen, usually with some health precautions in place. In Georgia, for example, Gov. Brian Kemp (R) is lifting shelter-in-place orders for most of the state, even …
The insurance company comfortably outperformed Wall Street's expectations for its first-quarter adjusted net profit.
Aflac Incorporated (NYSE: AFL) announced today that it will release first quarter financial results after the market closes on April 29, 2020. At that time, earnings materials, including the first quarter 2020 earnings release and Financial Analysts Briefing Supplement, will be available on the company's Investor Relations website, investors.aflac.com.
Firm's largest sales of the 1st quarter Continue reading...
Aflac's (AFL) first-quarter 2020 results indicate robust performance of its U.S. segment, partly offset by high costs.
Businesses are seeking COVID-19-related liability protections from Congress as states begin to reopen.
The AFL is teaming up with Epic to host a charity Duos tournament in Fortnite. The charity event will be called the "AFL Stream King featuring Fortnite" and will run on Thursday, May 21 2AM PT and Friday, May 22 7PM AEST on the AFL Gamers Network YouTube chan…
OSHA says new worker protections aren't needed as businesses begin to reopen.
As the pandemic squeezes US food supply, the president designates the plants critical infrastructure.
Aflac's (AFL) Q1 earnings results are likely to reflect higher contribution from U.S. segment, partly offset by weakness at Japan business and a rise in overall expenses.
Apple recently patched a security problem, and fixed the Psychic Paper 0-day. This was a frankly slightly embarrasing flaw that [Siguza] discovered in how iOS processed XML data in an application’s code signature that allowed him access to any entitlement on …
My wife and I focus our investments on dividend growth stocks Continue reading...
It became the latest labor group to back the former vice president as he seeks to reclaim support from blue-collar workers who voted for Trump in 2016, especially in key election battleground states like Michigan, Wisconsin and Pennsylvania. The 12.5 million-…
This morning, we will be hearing remarks about the quarter as well as our operations in Japan and the United States amid the COVID-19 pandemic. Dan Amos, Chairman and CEO of Aflac Incorporated, will begin by discussing the impact of the pandemic and our response. Fred Crawford, President and COO of Aflac Incorporated, will then touch briefly on conditions in the first quarter before providing perspective on future claims exposure to COVID-19 and commenting on our group benefits acquisition.
Aflac (AFL) delivered earnings and revenue surprises of 9.01% and -6.13%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Despite incredible relevancy toward the novel coronavirus pandemic, UnitedHealth Group (NYSE:UNH) was hardly immune to volatility. At one point, UNH stock was down over 33% for the year.Source: Ken Wolter / Shutterstock.com However, in late March, shares began picking up momentum. It wasn't the only one, with other managed care organizations, such as Anthem (NYSE:ANTM), Cigna (NYSE:CI) and Humana (NYSE:HUM) enjoying similar upside.But can you trust this sector given growing concerns about economic stability?InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn one hand, the case for UNH stock and its peers appears to have fundamental justification. Unlike other crises that we have suffered in the modern era, the novel coronavirus is a black swan event that has impacted all of us to a significant degree. In this manner, it's completely dissimilar to localized events, such as the 9/11 attacks or an incident that only impacts certain people, such as the housing crisis of the mid-2000s. * 7 A-Rated REITs to Buy NowNo, the coronavirus is a microbiological threat from which no one can assume they're safe. Undoubtedly, this caused many consumers to open their eyes toward upgrading their medical care. If enough people do this, it could provide a boost to UNH stock.Furthermore, UnitedHealth delivered an earnings beat for its first quarter with an earnings per share of $3.72. Consensus estimates called for EPS of $3.65. Revenue, though, missed slightly at $64.42 billion, whereas analysts had targeted $64.67 billion.Although a very positive outcome considering the circumstances, we're walking through uncharted territory. Thus, it's not unreasonable to believe UNH stock could suffer more turbulence until we get a hold of the true status of our economy. Here are three other reasons why investors need to be careful with UnitedHealth. UNH Stock Has a Flawed Coronavirus CatalystAlthough I understand why many analysts have a bullish take on managed care companies, I believe that they're exaggerating the positive impact of the coronavirus. Yes, the pandemic has caused people to examine their insurance policy and their overall preparedness. But that doesn't necessarily equate to a mass conversion toward UNH.First, the membership metric missed Wall Street's expectation by 2% in the first quarter. This shortfall likely indicates that the growing number of the unemployed, along with broader fears about economic sustainability have negatively affected UnitedHealth.Second, the coronavirus is a rare, one-off event. The last incident like this to hit the U.S. was the H1N1 pandemic, which infected millions and killed approximately 17,000. But this outbreak happened over a decade ago. Frankly, it's not worth adjusting your insurance policy (especially to a premium policy) to address a situation that occurs so infrequently.Not only that, your chances of getting Covid-19 are very slim. Roughly speaking, there are 328 million people in the U.S. At time of writing, there are 1.26 million total cumulative cases of coronavirus here. Thus, we're talking about a disease that has only impacted less than 0.4% of the population.Don't get me wrong - I'm not minimizing this pandemic. But I just don't see the impetus for UNH stock. Sure, people will forever remember the coronavirus, but I doubt they'll switch or upgrade insurance policies over it. The Pandemic Is a Negative for InsurersAs you know, the rising cost of health care has been a vexing issue for patients along with the electorate. However, not having access to health care is a scarier thought for many folks. That's why for those of us that can afford it, we put up with the escalating costs.If you believe the above bullish argument for UNH stock, then you're assuming the outbreak provides an incentive for UnitedHealth. Clearly, the collective health risk has caused people to examine their coverage with "what if" scenarios. But I don't think an outlier is enough to convince people to pay more money for premium care.Indeed, I look at it from the opposite angle. When the coronavirus broke out in a substantial way and disrupted our health care networks, people were incentivized not to visit the hospital or primary care clinic. With so many sick people and medical professionals often working without adequate protection, you were taking huge risks to subject yourself to that environment.Yet at the same time, you were paying your monthly bills as if nothing happened. This then causes people to examine the extreme cost of paying for protection against an event that might not occur.If anything, I see a catalyst for supplemental insurance companies like Aflac (NYSE:AFL), which covers more common unexpected events, such as a broken limb. Because it's supplemental, people can choose whatever services they wish to enhance their overall coverage profile. But besides that, the concept of a bump up in premium covered care doesn't strike me as plausible in this environment. It's All About the EconomyThe Department of Labor will release its April jobs report today. I don't need to know what the number is to know that it's terrible. On Wednesday, Automatic Data Processing (NASDAQ:ADP) released its employment stats, which showed that the private sector shed more than 20 million jobs.Current projections call for the April jobs report to disclose 22 million employment positions lost. That would mean a decade's worth of jobs have evaporated in a span of weeks. It's a staggering thought.And in this paradigm, it's incredibly difficult to reconcile how UNH stock will thrive. Generally, UnitedHealth plans cost more than other coverage programs. Perhaps the first wave of unemployment numbers didn't impact UNH because they disproportionately affected lower-income workers.But if this economic malaise continues, it's inevitable that higher-wage earners in business services and management roles will get the axe. In my opinion, it's already happening. Either way, the middle class cannot avoid the coronavirus. And that would present huge challenges for UNH stock for which I'm not interested in staking my money.A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 3 Reasons to Think Carefully Before Betting on UnitedHealth appeared first on InvestorPlace.
Aflac Incorporated (NYSE: AFL) today reported its first quarter results.
As President Trump asks people to be "warriors" for the economy, some workers say "no, thanks."
Pro Football Hall of Fame coach Don Shula has died at his home in South Florida
Democratic lawmakers call for federal action to mandate masks on planes for crew and passengers.
Dan Amos, Aflac CEO, joins The Final Round to discuss the company's recent philanthropic efforts to combat COVID-19 and how coronavirus is impacting the industry.
Don Shula, who won the most games of any NFL coach and led the Miami Dolphins to the only perfect season in league history, died Monday, the team said.
How the COVID-19 pandemic is affecting every state
AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of "a-" to the new yen-denominated senior unsecured notes of Aflac Incorporated (Aflac) (Columbus, GA) [NYSE: AFL], which total JPY 57.0 billion (USD 541.0 million as of March 6, 2020). The offering consists of JPY 12.4 billion of 0.3% senior unsecured notes due 2025; JPY 13.3 billion of 0.55% senior unsecured notes due 2030; JPY 20.7 billion of 0.75% senior unsecured notes due 2032; and JPY 10.6 billion of 0.83% senior unsecured notes due 2035.
Firm's largest sales of the 1st quarter Continue reading...
Don Shula, the winningest coach in NFL history with 347 wins, and the architect of the NFL’s only perfect season, died Monday. He was 90.Read more...
'We may be essential, but we're also expendable': Meatpackers face a choice between paying the bills and risking their lives
Aflac, a leader in supplemental insurance sales at U.S. worksites, today announced its new, people-centric "Not Alone" marketing campaign. Developed in partnership with Dagger, Aflac's new advertising agency of record, the campaign reflects the insurer's commitment to being there for consumers when help is needed most. The new campaign focuses on the wide range of emotions Americans experience when they are hit with unexpected health care costs, emphasizing that Aflac helps pay out-of-pocket expenses health insurance does not cover and giving consumers more control over what otherwise might be uncontrollable situations.
Insurance stocks are likely to have benefited from a rise in premiums, partly offset by lower investment income, catastrophe loss and COVID-19-related costs.
Dull Near-Term Prospects for Accident & Health Insurance
JetBlue is first U.S. airline to require passengers wear face coverings.
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Aflac Incorporated, a leader in supplemental insurance at U.S. worksites, today announced a $1 million donation to Crisis Text Line. A global, not-for-profit organization established in 2013 and specializing in mental health intervention, Crisis Text Line provides free, 24/7, confidential support to people in crisis via SMS texting. Aflac's donation will help fund the organization's new campaign, For the Frontlines, aimed at helping individuals battling the COVID-19 crisis in the U.S.
Don Shula, the NFL's most winningest coach who led the Miami Dolphins to the league's only undefeated season, died Monday at the age of 90.
Q1 2020 Aflac Inc Earnings Call
Aflac (AFL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shula won the most games of any NFL coach and led the Miami Dolphins to the only perfect season in league history.