AFL · 10-Q · 2026Q2 · Full report
Revenue Performance and Mix
AFLAC INC · 2026-08-07 · Importance 54 · Surprise 40 · No source text
Total revenues increased to $8.5 billion in the first six months of 2026 from $7.6 billion in the first six months of 2025, primarily because net investment losses narrowed to $104 million from $1.4 billion. Second-quarter revenue declined to $4.1 billion from $4.2 billion year over year. Aflac Japan’s six-month net earned premiums decreased 3.8% in yen terms, while total adjusted revenues decreased 6.0% in yen terms. The decline in Aflac Japan premiums reflected approximately ¥8 billion from an external reinsurance transaction and approximately ¥7 billion from limited-pay products reaching premium paid-up status.
Key facts
- Annualized premiums in force increased 4.5% to $6.8 billion at June 30, 2026, compared with $6.5 billion at June 30, 2025. source
- Total revenues were $4.1 billion in the second quarter of 2026. source
- Total revenues were $8.5 billion in the first six months of 2026. source
- Aflac U.S. total adjusted revenues were $1,771 and $1,728 for the three-month periods and $3,550 and $3,449 for the six-month periods. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +43.0% | Aflac U.S. total adjusted revenues were $1,771 and $1,728 for the three-month periods and $3,550 and $3,449 for the six-month periods. |
| revenue | positive | realized | +7.3% | Annualized premiums in force increased 4.5% to $6.8 billion at June 30, 2026, compared with $6.5 billion at June 30, 2025. |
| revenue | positive | realized | — | Total revenues were $4.1 billion in the second quarter of 2026. |
| revenue | positive | realized | — | Total revenues were $8.5 billion in the first six months of 2026. |