AFL · Financials
AFLAC INC
Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window
News · 2026-08-08
- Capital Return ProgramImportance 44 · Surprise 24Aflac returned approximately $1.292 billion to shareholders during the second quarter of 2026, according to third-party reporting. Separate reporting stated that the company repurchased $2.0 billion of stock during the…
- Dividend IncreaseImportance 26 · Surprise 24Aflac declared a third-quarter dividend of $0.61 per share. The dividend increase marked the company’s 42nd consecutive annual dividend increase. At the reported share price, the quarterly payment implied an annualized…
10-Q · 2026-08-07
- Net Investment LossesImportance 77 · Surprise 82Second-quarter net investment losses improved to $153 million in 2026 from $421 million in 2025. Six-month net investment losses improved to $104 million from $1.4 billion year over year, materially increasing reported…
- Net Income and EPS PerformanceImportance 69 · Surprise 64Second-quarter net earnings rose to $825 million, or $1.63 per diluted share, from $599 million, or $1.11 per diluted share, in the prior-year quarter. Six-month net earnings increased to $1.8 billion, or $3.61 per…
- Operating Margin DriversImportance 56 · Surprise 58Aflac Japan’s six-month pretax adjusted earnings margin decreased to 31.9% from 34.6% in yen terms, while the second-quarter margin increased to 32.0% from 34.3% in the comparable presentation. Six-month benefits and…
- Revenue Performance and MixImportance 54 · Surprise 40Total revenues increased to $8.5 billion in the first six months of 2026 from $7.6 billion in the first six months of 2025, primarily because net investment losses narrowed to $104 million from $1.4 billion.…
- Investment Purchases and YieldsImportance 54 · Surprise 40Aflac Japan purchased $9,269 million of investments during the first six months of 2026, including $4,608 million of yen-denominated investments and $4,110 million of U.S.-dollar-denominated investments. Aflac Japan’s…
- Guidance / OutlookImportance 51 · Surprise 60For full-year 2026, management expects Aflac Japan’s benefit ratio to be at the high end of its 60% to 63% range. This outlook excludes the annual actuarial assumption review scheduled for the third quarter of 2026.…
- Capital Return ProgramImportance 50 · Surprise 50Aflac repurchased $2.0 billion of common stock during the first six months of 2026. The repurchases represented 17.5 million shares and reduced period-end shares outstanding to approximately 502.3 million from 518.7…
- Shareholders Equity PositionImportance 49 · Surprise 32Shareholders’ equity increased to $30.3 billion, or $60.35 per share, at June 30, 2026, from $29.5 billion, or $56.85 per share, at December 31, 2025. The cumulative effect of discount-rate changes on insurance…
- Aflac U.S. Segment PerformanceImportance 49 · Surprise 32Aflac U.S. total adjusted revenues increased 2.5% in the second quarter and 2.9% in the first six months of 2026, primarily from higher net earned premiums. Net earned premiums increased 2.3% to $1,539 million in the…
- Income Tax Rate ChangesImportance 46 · Surprise 56The combined effective income tax rate fell to 17.0% in the second quarter of 2026 from 27.0% in the second quarter of 2025. For the first six months, the rate decreased to 16.9% from 35.0%. The lower rates reduced tax…
- Cybersecurity IncidentsImportance 44 · Surprise 60Aflac reported a June 12, 2025 unauthorized-access incident affecting a limited number of U.S. systems and remains in communication with regulators and other authorities. Potential costs include credit monitoring,…
- Interest Rate EnvironmentImportance 43 · Surprise 32Higher Japanese yen interest rates increased Aflac Japan’s six-month 2026 new-money yield to 4.45%, from 3.85% in the prior-year period. Conversely, Aflac U.S.’s new-money yield declined to 6.30% for the six months…
- Aflac Japan Segment PerformanceImportance 42 · Surprise 40Aflac Japan’s six-month pretax adjusted earnings declined 12.1% in yen terms, while second-quarter pretax adjusted earnings increased 3.4% in yen terms. Six-month total adjusted revenues decreased 6.0% in yen terms,…
- Commercial Real Estate Credit RiskImportance 40 · Surprise 42Aflac’s transitional real estate and commercial mortgage loan portfolios are collateralized by commercial real estate, including office properties, and have been affected by weakness in the commercial real estate…
- Market Demand TrendsImportance 39 · Surprise 50Aflac Japan’s net earned premiums decreased 12.7% in U.S. dollars in the second quarter of 2026 and 3.7% in Japanese yen, primarily because an external reinsurance transaction reduced premiums by approximately ¥4…
- Investment Portfolio Unrealized LossesImportance 31 · Surprise 6Aflac reported $80,695 million of fixed maturity securities at amortized cost and $77,104 million at fair value as of June 30, 2026. The portfolio carried $7,888 million of gross unrealized losses, including a $5,102…
- Corporate Other Earnings DeclineImportance 30 · Surprise 40Corporate and other total adjusted revenues decreased 13.4% in the second quarter of 2026 and 11.9% for the first six months, primarily because of lower net earned premiums and adjusted net investment income. Adjusted…
- FX / Currency HeadwindsImportance 25 · Surprise 32Aflac Japan’s yen-denominated premiums, investment income, claims, and expenses create significant exposure to yen/dollar translation in U.S. GAAP results. The average yen/dollar exchange rate was 159.45 in the second…
- Aflac U.S. Margin DriversImportance 25 · Surprise 32Aflac U.S.’s total benefits-and-claims ratio to adjusted revenues increased to 43.0% in the second quarter of 2026 from 41.2% a year earlier and to 42.1% for the six months from 41.4%. The total adjusted expense ratio…
- Aflac Japan Sales TrendsImportance 25 · Surprise 48Aflac Japan’s new annualized premium sales decreased 14.3% in yen terms in the second quarter of 2026, primarily because the prior-year period benefited from the March 2025 launch of Miraito cancer insurance. For the…
- Aflac U.S. Sales TrendsImportance 25 · Surprise 32Aflac U.S. new annualized premium sales increased 2.6% in the second quarter and 2.8% in the first six months of 2026, primarily driven by group products. Group-oriented product categories remained diversified, with…
- Aflac Japan Distribution ChannelsImportance 10 · Surprise 6Aflac Japan distributes products through independent corporate and individual agencies, affiliated corporate agencies, and banks. Affiliated corporate agencies represented 47.3% of second-quarter new annualized premium…
News · 2026-08-07
- Net Income and ProfitabilityImportance 58 · Surprise 56Second-quarter net income was $825 million, or $1.63 diluted earnings per share, while adjusted EPS was $1.75. Adjusted EPS missed estimates ranging from $1.76 to $1.79 per share and compared with $1.78 a year earlier…
- Investment Portfolio RepositioningImportance 46 · Surprise 42Aflac repositioned $4.8 billion of its investment portfolio to capture higher yields. Management said the repositioning is expected to increase annualized net investment income by more than $50 million. Lower…
- Japan Reinsurance StrategyImportance 46 · Surprise 42Aflac increased its internal reinsurance limit for Japanese business to 30% of Financial Services Agency reserves. The change is expected to increase annualized net investment income by more than $50 million. The…
- Capital Return ProgramImportance 44 · Surprise 24Aflac returned approximately $1.292 billion to shareholders during the second quarter of 2026, according to third-party reporting. Separate reporting stated that the company repurchased $2.0 billion of stock during the…
- Dividend IncreaseImportance 26 · Surprise 24Aflac declared a third-quarter dividend of $0.61 per share. The dividend increase marked the company’s 42nd consecutive annual dividend increase. At the reported share price, the quarterly payment implied an annualized…
- FX / Currency HeadwindsImportance 20 · Surprise 24A stronger U.S. dollar reduced Aflac’s reported second-quarter 2026 results, particularly through the translation of its Japan operations. Third-party reporting attributed the earnings shortfall versus analyst…
- Geographic Market CommentaryImportance 20 · Surprise 24Aflac Japan experienced lower second-quarter sales against a strong prior-year comparison, although first-half sales continued to grow. Reporting characterized Japan margins and overall performance as strong despite…
8-K · 2026-08-06
- Capital Return ProgramImportance 69 · Surprise 50Aflac returned $1.3 billion to shareholders during the second quarter, consisting of $983 million of share repurchases and $309 million of dividends. Shares outstanding declined 6.1% year over year to 502.257 million…
- Investment Income and LossesImportance 57 · Surprise 64Second-quarter net investment losses declined to $153 million from $421 million a year earlier, including $238 million of losses from sales and redemptions, $77 million of CECL, and $11 million of impairments. An $87…
- FX / Currency HeadwindsImportance 54 · Surprise 40The average yen/dollar exchange rate weakened 9.3% to 159.45 in the second quarter from 144.60 a year earlier. Currency translation reduced Aflac Japan’s reported second-quarter net earned premiums by 12.7% to $1.537…
- Product Launch and TransitionImportance 51 · Surprise 50Aflac Japan reported new opportunities from Anshin Palette medical insurance, Miraito cancer insurance, and Tsumitasu life insurance. Second-quarter new annualized premium sales declined 5.6% to ¥19.6 billion ($123…
- Segment ProfitabilityImportance 49 · Surprise 32Aflac Japan’s second-quarter pretax adjusted earnings increased 3.4% in yen to ¥118.2 billion, while its dollar-denominated pretax adjusted earnings decreased 6.2% to $741 million because of currency translation.…
- Revenue Performance and MixImportance 47 · Surprise 22Second-quarter total revenues decreased 1.0% year over year to $4.117 billion from $4.160 billion. Aflac Japan total adjusted revenues declined 12.6% in dollars to $2.161 billion, while Aflac U.S. total adjusted…
- Operating Expense TrendsImportance 47 · Surprise 22Consolidated benefits and claims decreased 7.9% year over year to $1.852 billion in the second quarter. Total acquisition and operating expenses decreased 4.4% to $1.270 billion, while first-half acquisition and…
- Liquidity and Cash PositionImportance 47 · Surprise 22Total investments and cash decreased 7.8% year over year to $103.003 billion at June 30, 2026 from $111.769 billion. Total assets decreased 7.0% to $115.961 billion, while total liabilities and shareholders’ equity…
- Market Demand TrendsImportance 43 · Surprise 32Aflac U.S. second-quarter sales increased 2.6% to $349 million, driven primarily by group voluntary benefits and network dental and vision products. Net earned premiums rose 2.3% to $1.5 billion, reflecting improved…
- Japan Product SalesImportance 37 · Surprise 32Aflac Japan second-quarter new annualized premium sales decreased 5.6% to ¥19.6 billion, or $123 million. The decline reflected a high prior-year comparison after the March 2025 launch of Miraito cancer insurance.…
News · 2026-08-06
- Net Income and ProfitabilityImportance 58 · Surprise 56Second-quarter net income was $825 million, or $1.63 diluted earnings per share, while adjusted EPS was $1.75. Adjusted EPS missed estimates ranging from $1.76 to $1.79 per share and compared with $1.78 a year earlier…
- FX / Currency HeadwindsImportance 20 · Surprise 24A stronger U.S. dollar reduced Aflac’s reported second-quarter 2026 results, particularly through the translation of its Japan operations. Third-party reporting attributed the earnings shortfall versus analyst…
- Geographic Market CommentaryImportance 20 · Surprise 24Aflac Japan experienced lower second-quarter sales against a strong prior-year comparison, although first-half sales continued to grow. Reporting characterized Japan margins and overall performance as strong despite…
- Revenue Performance and MixImportance 13 · Surprise 6Aflac reported second-quarter 2026 revenue of approximately $4.12 billion, slightly above the $4.11 billion analyst estimate. Aflac U.S. recorded premium growth and continued momentum in group insurance, while Aflac…
News · 2026-08-04
- Net Income and ProfitabilityImportance 58 · Surprise 56Second-quarter net income was $825 million, or $1.63 diluted earnings per share, while adjusted EPS was $1.75. Adjusted EPS missed estimates ranging from $1.76 to $1.79 per share and compared with $1.78 a year earlier…
- Geographic Market CommentaryImportance 20 · Surprise 24Aflac Japan experienced lower second-quarter sales against a strong prior-year comparison, although first-half sales continued to grow. Reporting characterized Japan margins and overall performance as strong despite…
- Healthcare AI Adoption TrendsImportance 17 · Surprise 24An Aflac Wellness Matters survey found that 76% of Gen Z and 63% of millennials use AI as a first-line source for primary healthcare guidance. Younger adults were less likely to have a primary-care doctor and more…