AFL · 8-K · 20261104PR070181

Investment Income and Losses

AFLAC INC · 2026-11-04 · Importance 71 · Surprise 82 · In source text

Aflac reported third-quarter net investment losses of $1.1 billion, or $2.15 per diluted share, compared with net investment gains of $275 million, or $0.52 per diluted share, in the third quarter of 2025. The quarter’s losses included $842 million from sales and redemptions, $146 million on certain derivatives and foreign-currency activities, and $102 million of current expected credit losses; a $19 million fair-value gain on equity securities partly offset them. Consolidated adjusted net investment income declined 5.1% to $957 million in the quarter and 5.4% to $2.796 billion for the first nine months.

Key facts

• Aflac Incorporated’s third-quarter 2026 net investment losses were $1.1 billion, or $2.15 per diluted share, compared with net investment gains of $275 million, or $0.52 per diluted share, a year earlier. source
• Aflac Incorporated’s third-quarter 2026 net investment losses included $842 million of losses from sales and redemptions. source
• Aflac Incorporated’s third-quarter 2026 net investment losses included $146 million of net losses on certain derivatives and foreign currency activities. source
• Aflac Incorporated recorded $102 million of current expected credit losses in third-quarter 2026. source
• Aflac Incorporated’s third-quarter 2026 net investment losses included $1 million of impairments and were offset by a $19 million gain from an increase in the fair value of equity securities. source

Impact estimates