AFL · 8-K · 20261104PR070181

Revenue Performance and Mix

AFLAC INC · 2026-11-04 · Importance 58 · Surprise 56 · No source text

Third-quarter 2026 total revenues were $3.271 billion, down 31.0% from $4.740 billion a year earlier; first-nine-month revenues declined 4.6% to $11.734 billion. Third-quarter net earnings fell 81.5% to $303 million, primarily reflecting realized losses from portfolio repositioning and net investment losses of $1.1 billion, versus net investment gains of $275 million in the prior-year quarter. Adjusted earnings decreased 8.5% to $1.214 billion, while adjusted diluted EPS fell 2.4% to $2.43; a $51 million tax capital loss valuation allowance also reduced reported net earnings by $0.10 per diluted share.

Key facts

• Aflac Incorporated reported third-quarter 2026 total revenues of $3.271 billion, down 31.0% from $4.740 billion in third-quarter 2025. source
• Aflac Incorporated’s adjusted earnings benefited from $453 million of reserve remeasurement gains in third-quarter 2026. source
• Aflac Incorporated’s adjusted earnings were $1.214 billion in third-quarter 2026, down 8.5% from $1.327 billion a year earlier. source
• Aflac Incorporated’s adjusted earnings per diluted share decreased 2.4% to $2.43 in third-quarter 2026. source
• Aflac Incorporated’s total revenues for the first nine months of 2026 were down 4.6% to $11.7 billion, compared with $12.3 billion in the first nine months of 2025. source
• Aflac Incorporated’s first-nine-month 2026 adjusted earnings were $3.0 billion, or $5.92 per diluted share, compared with $3.2 billion, or $5.92 per diluted share, in 2025. source

Impact estimates