Aflac Inc (MEX:AFL)
MXN 1256.11 0 (0%) Market Cap: 833.88 Bil Enterprise Value: 937.30 Bil PE Ratio: 9.68 PB Ratio: 2.12 GF Score: 73/100
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Aflac Inc at KBW Insurance Conference (Virtual) Transcript

Sep 09, 2020 / 07:00PM GMT
Release Date Price: MXN800
Ryan Joel Krueger
Keefe, Bruyette, & Woods, Inc., Research Division - MD of Equity Research

Good afternoon, everyone. I'm Ryan Krueger from KBW. Really pleased to have Aflac with us this year. And representing the company is Max Brodén, who is their Chief Financial Officer. (Operator Instructions)

Questions & Answers

Ryan Joel Krueger
Keefe, Bruyette, & Woods, Inc., Research Division - MD of Equity Research

So take -- to start off, Max, I was hoping you could discuss the U.S. claims, impact that you saw in the second quarter, both from COVID as well as social distancing impacts. And then how you're thinking about those 2 opposing forces as we head into the second half of the year?

Max Kristian BrodÃ;n
Aflac Incorporated - Executive VP & CFO

© -

Yes. So thank you, Ryan. So if we start with the COVID impact on the U.S., we had about 5,000 claims so far in the second quarter, and we have recorded about $31 million of claims so far. And about 70% of that is IBNR that we put up.

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