Sep 09, 2020 / 07:00PM GMT
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 and Answers:
Ryan Joel Krueger - Keefe, Bruyette, & Woods, Inc., Research Division - MD of Equity ResearchSo 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 Brodén - 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.