AFL · 10-Q · 2026Q2 · Full report

Guidance / Outlook

AFLAC INC · 2026-08-07 · Importance 51 · Surprise 60

For full-year 2026, management expects Aflac Japan’s benefit ratio to be at the high end of its 60% to 63% range. This outlook excludes the annual actuarial assumption review scheduled for the third quarter of 2026. The expected elevated benefit ratio indicates continued pressure on Aflac Japan’s insurance margins relative to the company’s target range.