AFL · 8-K · 20260806PR054333
Revenue Performance and Mix
AFLAC INC · 2026-08-06 · Importance 47 · Surprise 22 · Contradicted
Second-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 revenues increased 2.5% to $1.771 billion. For the first six months, consolidated revenues increased 12.0% to $8.463 billion, including a 8.7% decline in Aflac Japan dollar revenues to $4.3 billion and a 2.9% increase in Aflac U.S. revenues to $3.6 billion. The second-quarter yen/dollar exchange rate averaged 159.45, 9.3% weaker than 144.60 a year earlier, reducing translated Japan revenue and adjusted earnings per share by $0.05.
Key facts
- Total revenues for the first six months of 2026 were $8.5 billion, up 12.0% from $7.6 billion in the first half of 2025. source
- Aflac Japan total adjusted revenues for 2Q26 were ¥345 billion, a 3.6% decline from ¥357 billion, equivalent to $2,161 million vs $2,472 million (a 12.6% decrease). source
- Total revenues for the second quarter of 2026 were $4.1 billion, a 1.0% decrease year over year. source
- Adjusted earnings for the second quarter of 2026 were $883 million, a decrease of 7.7% from the prior year. source
- Aflac U.S. net earned premiums in 2Q26 increased 2.3% to $1,539 million from $1,504 million in 2Q25. source
- Aflac U.S. total adjusted revenues for 2Q26 were $1,771 million, up 2.5% from $1,728 million in 2Q25. source
- For the first six months, net earned premiums in dollars for Aflac Japan were $3.1 billion, 9.6% lower than a year ago. source
- Net earnings for the second quarter of 2026 were $825 million, or $1.63 per diluted share. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +21.9% | Total revenues for the first six months of 2026 were $8.5 billion, up 12.0% from $7.6 billion in the first half of 2025. |
| revenue | negative | realized | -8.0% | For the first six months, net earned premiums in dollars for Aflac Japan were $3.1 billion, 9.6% lower than a year ago. |
| revenue | negative | realized | -7.5% | Aflac Japan total adjusted revenues for 2Q26 were ¥345 billion, a 3.6% decline from ¥357 billion, equivalent to $2,161 million vs $2,472… |
| net_income | negative | realized | -1.8% | Adjusted earnings for the second quarter of 2026 were $883 million, a decrease of 7.7% from the prior year. |
| revenue | positive | realized | +1.0% | Aflac U.S. total adjusted revenues for 2Q26 were $1,771 million, up 2.5% from $1,728 million in 2Q25. |
| revenue | negative | realized | -1.0% | Total revenues for the second quarter of 2026 were $4.1 billion, a 1.0% decrease year over year. |
| revenue | positive | realized | +0.8% | Aflac U.S. net earned premiums in 2Q26 increased 2.3% to $1,539 million from $1,504 million in 2Q25. |
| net_income | positive | realized | — | Net earnings for the second quarter of 2026 were $825 million, or $1.63 per diluted share. |