NU Online News Service, April 29, 2004, 6:07 p.m. EDT – The weak dollar, strong sales of health insurance in Japan and improving sales of supplemental products in the United States are giving AFLAC Inc., Columbus, Ohio, something to quack about.[@@]
The company, which used to be best known for developing the Japanese cancer insurance market and now is known for using a spokesduck to promote accidental death and disability insurance, is reporting $315 million in net income for the quarter on $3.3 billion in revenue, up from $237 million in net income on $2.8 billion in revenue.
The fall of the dollar is helping AFLAC’s net results by increasing the dollar value of its Japanese earnings.