trending Market Intelligence /marketintelligence/en/news-insights/trending/clkjirypqqz3yblcchif7w2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Aflac discloses additional tax benefit related to recent reform

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Investment Research Brokers Ramp up Cryptocurrency Coverage

Blog

COVID-19 Impact & Recovery: Financial Industry Outlook for H2 2021


Aflac discloses additional tax benefit related to recent reform

Aflac Inc. has revised its estimate on the impact of U.S. tax reform on net earnings and total shareholders' equity for the fourth quarter of 2017 to include an additional tax benefit of $233 million.

The company had previously released a preliminary estimate of $1.7 billion. This adjustment will also impact any U.S. GAAP or non-GAAP financial measures that use net earnings or total shareholders' equity.

Aflac said it may revise future estimates as it is relying upon guidance provided by the SEC that provides a measurement period of up to one year from the enactment date of Dec. 22, 2017, to complete the accounting for the effects of tax reform.