AFL · 8-K · 20260806PR054333

Segment Profitability

AFLAC INC · 2026-08-06 · Importance 49 · Surprise 32 · No source text

Aflac 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. Japan’s pretax adjusted profit margin increased to 34.3% from 32.0%, supported primarily by favorable benefits, while its benefit ratio improved to 64.0% from 66.5%. Aflac U.S. pretax adjusted earnings decreased 4.6% to $370 million as benefits and claims increased 7.0% to $762 million, reducing its margin to 20.9% from 22.5%. Corporate and Other reported a $10 million pretax adjusted loss versus a $20 million gain, driven by lower investment income, higher interest expense, and runoff impacts from closed blocks.

Key facts

• Corporate and Other total adjusted revenues decreased 13.4% to $291 million in the quarter and pretax adjusted earnings were a loss of $10 million, compared with a $20 million gain last year. source
• Aflac Japan pretax adjusted earnings in yen for the quarter increased 3.4% to ¥118.2 billion, while pretax adjusted earnings in dollar terms declined 6.2% to $741 million. source
• Aflac U.S. pretax adjusted earnings in 2Q26 were $370 million, 4.6% lower than $388 million a year ago. source
• The annualized return on average shareholders’ equity was 10.9% for the quarter. source
• The annualized adjusted return on equity excluding foreign currency remeasurement in the second quarter was 16.6%. source

Impact estimates