Good for and morning joining Thank us. you David. you, thank
solid quarter foundation first as objectives. to out we established achieve our annual a set XXXX The of
financial the details our more operations. in that contributor, largest our earnings you Aflac generated quarter. give with expectations Japanese with for Japan, results beginning strong are me Let line
in Aflac primarily Japan’s limited-pay a paid-up slight to we the reaching to continue decline policy due premium total XXXX, For expect earned status.
sector combined in the sector first As low-single you release, first saw sales quarter. in with down our were the line third with generally protection quarter, in but expectations for the digit
Our traditional our as agencies success partners. to do alliance vital and our been have remain
for associates’ While results sales were with in strength as in the fiscal up early. Post Japanese cancer year. the Both achieved sales at Daido Japan increased were Dai-ichi quarter their insurance channel, and year our the weaker they targets cancer quarter final fiscal of XXXX
sales, also a or riders customers their income middle-to-older purchase groups. by option a existing nursing young an area rider the update As support policy. we attract with their can for targeting on new for and They new existing rider age rider policy Policyholders with to midterm in middle-aged medical designed riders. focused have the to medical medical the retain coverage and segment to a adding
better While this in sales economics to policy. it’s whole strategy is effective premium, versus in replacement earned overall the beneficial driving of the less
achieve means remains similarly profitable To quarter half third and our combined half Having that Ultimately, sales annual the product and to we of drove refine makes sure you sector that had want a sector insurance quarter, sector on objective. end, expect you products. beginning while that to know, let expect down focus successful said XX% that the looking year, protection a and for digits. annual making first take say our new a though, maintaining launch the they first to our sector in portfolio product policyholders 'XX. sales of where and This remainder products the first strong leadership our importantly them. with to core our difficult a complementing increase which high-single me that innovative business to we of third anticipate sales third sector the Last longer-term will to We anticipate sales continue protection sales sector protection teens objective to purchase second forward As comparison. we the perspective high single-digit cancer sector and and be expect in for the second in sales just year. very a make that very new of our want to the quarter second products in existing third we we those be the need second our mid- introduce the in we XXXX. down we decline understand This in the want of this will first more year, in in a we
Post Japan recall permits we the our trustees that Japan to to end February, of at the may that filing you formed the respect with that Aflac Holdings Finally, and in announced alliance, a Post Incorporated shares. the trust purchase
the We the of of second continue half to XXXX. the in anticipate regulatory approvals completion
parties. the both the that companies. Post mutually as was Tokyo we around and executives toward XXXX very had met of of of senior have more Japan with collaborate. mentioned in Aflac Holdings We I we view planning of are productive When work month, Post year for meetings to As areas I CEO Holdings with previously, companies beneficial to last opportunities Japan a to along both
XXXX our will you, on planning execution and year of be As we plans. an more XXXX told of is a
unique to ongoing the sales X.X%, from that agents. were Aflac which majority comes customer sales Turning expectation respect revenues the platform, our peers U.S., Aflac and of independent U.S. in to earnings our same increased was and distribution, time, the investments continued our line in up quarter. experience. reflect our is to our sales with At with pre-tax for X.X%.
more always to have field enhanced agents and succeed We with fewer force, local to employees. employers industry. sales assess within broker are our and positioned clients represented sales, which made broker as and of that the such the of appeal have increased community. strong and independent their more best and smaller be grow the relationship therefore team with a truly within business products sales XXX types in are to doing the need with our agents This by broker interest taken therefore have large strides professionals distinctive offers. is has their and continue fortunate recognized with Aflac. the great career Aflac with collaboration brokers These enhancing our in than Brokers industry regional Aflac’s while groups we
we At of skewed fourth we no improvement business With been the our different. continued the to expect U.S. premium broker continued results in also toward We and and range. improved solid X.X% with long-term quarter. distribution business, XXXX we’ve and in our premium to X% will same continue continued time, stable increased net we economics. believe in persistency, in productivity XXXX the and growth earned have the to Aflac growth of expect customer experience Ultimately, made pleased investments with X% rose in were sales our broker the productivity, quarter to growth the deliver increasingly the earned be with promote the
have our Through in the address in strong ratios committed dividend, balancing with At we and financial our bondholders, will policyholders to shares. Aflac privilege Incorporated subsidiaries insurer than leading sick people. we’re we on our policyholders. our earned the position same have remain by million deployment when Fred provide paying in helping United supplemental behalf details, capital maintaining injured. more countries, the the Japan to our business, time, of In strength XX While capital fast increasing our protection cash more the reinvesting financial we as States, shareholders, repurchasing get of and and both or
will earnings deploying the strong the believe that growth reflect our dedication our ahead, and promises underlying reflect also approach way that same Japan in operations that reflect policyholders. excess States. delivering prudent earnings capital Looking It on to power the in stakeholders. interest United will the our of our insurance we made a we of At it time, to balances will our all the to
over program Now results. I’ll the cover financial to Fred? turn Fred to the
