Disability-insurance seller Aflac ( AFL) saw a 20% jump in first-quarter earnings, buoyed by its Japanese division.

For the quarter, earnings reached $569 million, or $1.22 a share, compared with $474 million, or 98 cents, in the year-ago period. Analysts were expecting earnings of $1.16 a share.

Revenue grew 13% to $4.8 billion, boosted by a stronger yen.

The company also announced a second-quarter cash dividend of 28 cents a share, which is payable on June 1 to shareholders of record at the close of business on May 20, 2009.

Last week the company was downgraded by Barclays from equal-weight to underweight.
Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

If you liked this article you might like

Big Pharma and the Sellers of Its Products Now Have a Problem

Big Pharma and the Sellers of Its Products Now Have a Problem

Home Depot Latest Company to Award Employee Bonuses on Passage of U.S. Tax Law

Home Depot Latest Company to Award Employee Bonuses on Passage of U.S. Tax Law

AFLAC: If It Looks Like a Duck and Quacks Like a Bull...

AFLAC: If It Looks Like a Duck and Quacks Like a Bull...

Market Recon: The Tax Reform Is Just Ordinary Negotiation on Steroids

Market Recon: The Tax Reform Is Just Ordinary Negotiation on Steroids

Analysts' Actions -- Aflac, Tesla, Under Armour, Urban Outfitters and More

Analysts' Actions -- Aflac, Tesla, Under Armour, Urban Outfitters and More