AFL · 10-Q · 2026Q2 · Full report

Corporate Other Earnings Decline

AFLAC INC · 2026-08-07 · Importance 30 · Surprise 40

Corporate and other total adjusted revenues decreased 13.4% in the second quarter of 2026 and 11.9% for the first six months, primarily because of lower net earned premiums and adjusted net investment income. Adjusted net investment income declined 10.9% in the quarter and 12.2% for the six months, reflecting lower short-term income and amortized hedge income that was only partly offset by higher fixed-rate income. Total adjusted expenses increased 2.6% in the quarter and 8.3% for the six months, primarily because of higher interest expense. Pretax adjusted earnings decreased 150.0% in the quarter and 115.9% for the six months, with reinsurance-related impacts also contributing to the decline.

Key facts

• For the three-month period ended June 30, 2026 Corporate and other adjusted net investment income decreased primarily due to lower short-term income and lower amortized hedge income, partially offset by higher fixed rate income. source
• Corporate and Other pretax adjusted earnings for the three-month period included an amount of $(10) (table shows $(10)). source