AFL · 8-K · 20261104PR070181

Japan Reinsurance Strategy

AFLAC INC · 2026-11-04 · Importance 46 · Surprise 42

Aflac Japan ceded approximately ¥500 billion of reserves, on an FSA basis, associated with cancer insurance policies to Aflac Re Bermuda. The company also said an external reinsurance transaction effective in the first quarter and an internal reinsurance transaction on cancer insurance blocks effective in the third quarter contributed to the 2.0% year-over-year decline in yen-denominated third-quarter premiums. The reinsurance strategy’s income-statement impact was included in Corporate and Other, where Aflac Re Bermuda is consolidated.

Key facts

• Aflac Japan ceded approximately ¥500 billion of reserves on an FSA basis associated with cancer insurance policies to Aflac Re Bermuda. source
• Aflac Japan’s third-quarter 2026 net earned premiums were lower primarily due to an external reinsurance transaction effective in the first quarter, an internal reinsurance transaction on cancer insurance blocks effective in the third quarter, and limited-pay products reaching paid-up status. source