COLUMBUS, Ga. (AP) — COLUMBUS, Ga. (AP) — Aflac Inc. (AFL) on Wednesday reported fourth-quarter net income of $1.9 billion.

The Columbus, Georgia-based company said it had profit of $3.42 per share. Earnings, adjusted for investment gains, came to $1.56 per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.62 per share.

The insurer posted revenue of $5.4 billion in the period. Its adjusted revenue was $4.31 billion, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $4.44 billion.

Aflac shares have risen roughly 4% since the beginning of the year, while the S&P's 500 index has increased 27%. In the final minutes of trading on Wednesday, shares hit $107.23, a climb of 40% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AFL at https://www.zacks.com/ap/AFL