AFL · 8-K · 20260806PR054333
Operating Expense Trends
AFLAC INC · 2026-08-06 · Importance 47 · Surprise 22 · From source text
Consolidated 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 operating expenses decreased 2.9% to $2.559 billion. Aflac Japan’s total adjusted expenses declined 14.1% in dollars to $437 million and its expense ratio improved to 20.2% from 20.6%. Aflac U.S. total adjusted expenses increased 1.8% to $639 million, with its expense ratio improving modestly to 36.1% from 36.3%.
Key facts
- Total benefits and claims, net for the company in the quarter were $1,852 million, a 7.9% decrease from $2,010 million a year ago. source
- Total acquisition and operating expenses in the quarter were $1,270 million, a 4.4% decrease from $1,328 million a year ago. source
- Corporate and Other interest expense for the quarter was $62 million, up 21.6% from $51 million a year ago. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +3.8% | Total benefits and claims, net for the company in the quarter were $1,852 million, a 7.9% decrease from $2,010 million a year ago. |
| operating_income | positive | realized | +1.4% | Total acquisition and operating expenses in the quarter were $1,270 million, a 4.4% decrease from $1,328 million a year ago. |