Aflac Incorporated Announces Third Quarter 2026 Results, Declares Fourth Quarter Dividend

(NYSE:AFL) Aflac Incorporated reported third quarter 2026 net earnings of $303 million, or $0.61 per diluted share, compared with $1.6 billion, or $3.08 per diluted share, a year ago. Adjusted earnings for the quarter were $1.2 billion, down from $1.3 billion in the prior year, reflecting a decrease of 8.5%. Adjusted earnings per diluted share decreased 2.4% to $2.43. Adjusted earnings benefited from reserve remeasurement gains of $453 million. Annualized return on average shareholders' equity was 4.1%, while annualized adjusted return on equity excluding foreign currency remeasurement was 23.7%. The company returned $1.1 billion to shareholders, including $804 million in share repurchases and $305 million in dividends. Aflac reached 44 consecutive years of dividend increases with the fourth quarter declaration of $0.61 per share. Aflac Japan ceded approximately ¥500 billion of reserves on an FSA basis associated with cancer insurance policies to Aflac Re Bermuda. Total revenues for the quarter were $3.3 billion, down from $4.7 billion in the third quarter of 2025. Net earnings included a $51 million tax capital loss valuation allowance and net investment losses of $1.1 billion, which comprised $842 million in net losses from sales and redemptions, $146 million in losses on derivatives and foreign currency activities, $102 million in current expected credit losses, $1 million in impairments, and a $19 million gain from equity securities. The average yen/dollar exchange rate in the quarter was 158.49, 6.8% weaker than the prior year, negatively impacting adjusted earnings per share by $0.03. Shareholders' equity was $29.3 billion, or $59.08 per share, at September 30, 2026, compared with $28.7 billion, or $54.57 per share, a year ago. Shareholders' equity included a cumulative increase of $12.3 billion for the effect of the change in discount rate assumptions on insurance reserves and a net unrealized loss on investment securities and derivatives of $5.0 billion. For the first nine months of 2026, total revenues were $11.7 billion, down from $12.3 billion, and net earnings were $2.1 billion, or $4.24 per diluted share. Adjusted earnings for the first nine months were $3.0 billion, or $5.92 per diluted share. Adjusted book value excluding AOCI was $26.9 billion, or $54.21 per share, at September 30, 2026. In Japan, third quarter net earned premiums were ¥240.3 billion, down 2.0%, and adjusted net investment income increased 3.7% to ¥101.6 billion. Total adjusted revenues in yen declined 0.3% to ¥343.2 billion, and pretax adjusted earnings declined 15.2% to ¥152.3 billion. In dollar terms, Japan net earned premiums decreased 9.3% to $1.5 billion, and pretax adjusted earnings declined 21.0% to $961 million. For the quarter, total new annualized premium sales in Japan decreased 4.0% to ¥18.8 billion, or $118 million. In the U.S., net earned premiums increased 3.3% to $1.5 billion, and pretax adjusted earnings rose 31.5% to $493 million. U.S. sales increased 3.5% in the quarter to $403 million. For the first nine months, U.S. total new sales increased 3.1% to $1.1 billion. In the Corporate and Other segment, third quarter total adjusted revenues increased 5.0% to $360 million, and pretax adjusted earnings were $72 million. The board declared a fourth quarter dividend of $0.61 per share, payable December 1, 2026, to shareholders of record at the close of business on November 18, 2026.

Aflac Incorporated Announces Leadership Promotions for Aflac Japan and Aflac U.S.

(NYSE:AFL) Aflac Incorporated announced a series of planned leadership transitions at its subsidiaries Aflac Life Insurance Japan Ltd. (Aflac Japan) and Aflac U.S., effective January 1, 2027. Shinsuke Morimoto, currently Deputy President of Aflac Japan, will be promoted to President of Aflac Japan and Representative Director, taking responsibility for Aflac Japan's overall business execution. Morimoto will also join the Aflac Holdings LLC Board of Managers, which oversees Aflac Japan as an insurance holding company licensed under Japan law. Frederic J. Simard, currently Deputy President of Aflac U.S., will be promoted to President of Aflac U.S., responsible for strategy, distribution, and operations. Masatoshi Koide, currently President of Aflac Japan and Representative Director, will become Chairman of Aflac Japan and Representative Director, leading the Board of Directors in decision-making and oversight of business operations, and will continue to serve on the Aflac Holdings LLC Board of Managers. Charles D. Lake II, currently Chairman of Aflac Japan and Representative Director, will become Executive Advisor of Aflac Japan and Chairman of Aflac International, representing Aflac externally on international affairs, and will also continue to serve on the Aflac Holdings LLC Board of Managers. Daniel P. Amos, Chairman and CEO of Aflac Incorporated, stated that these leadership changes are the result of a long-term and deliberate succession planning process overseen by the Aflac Incorporated Board of Directors. Virgil Miller, President of Aflac Incorporated, highlighted Morimoto's nearly four decades of leadership experience across key areas and his role in developing Aflac Japan's mid-term strategy and transforming its marketing, sales, and human capital management systems. Miller also noted Simard's more than 30 years of insurance experience, including his roles as senior vice president and chief financial officer of Aflac U.S. in 2023, executive vice president and chief operating officer in 2025, and deputy president in early 2026. Aflac Incorporated is a Fortune 500 company that has provided financial protection for more than seven decades to millions of policyholders and customers through its subsidiaries in the United States and Japan. In the U.S., Aflac is the No. 1 provider of supplemental health insurance products, according to the LIMRA 2025 U.S. Supplemental Health Insurance Total Market Report. In Japan, Aflac Life Insurance Japan is the leading provider of cancer and medical insurance in terms of policies in force, based on company data as of March 31, 2025. The company has been included in the World's Most Ethical Companies by Ethisphere for 20 consecutive years (2026) and Fortune's World's Most Admired Companies for 25 years (2026). Aflac became a signatory of the Principles for Responsible Investment (PRI) in 2021.

Purchase of Shares by the Portfolio Manager

Artemis UK Future Leaders plc has been notified that Mark Niznik, a portfolio manager of the Company, purchased 4,200 ordinary shares in the Company on 4 September 2026 at an average price of 391.4999 pence per share. Following this transaction, Mark Niznik holds 424,999 ordinary shares directly in the Company and 436,700 shares including indirect holdings. These holdings represent 1.5% of the total number of shares with voting rights in the Company. The notification was made by Northern Trust Secretarial Services (UK) Limited, Company Secretary.

Aflac Incorporated Announces Second Quarter 2026 Results, Declares Third Quarter Dividend

(NYSE:AFL) Aflac Incorporated reported total revenues of $4.1 billion for the second quarter of 2026, a 1.0% decrease year over year. Net earnings were $825 million, or $1.63 per diluted share, compared with $599 million, or $1.11 per diluted share a year ago. Adjusted earnings were $883 million, reflecting a decrease of 7.7% from $957 million a year ago, and adjusted earnings per diluted share decreased 1.7% to $1.75. The company returned $1.3 billion to shareholders, including $983 million in share repurchase and $309 million in dividends. Shareholders' equity was $30.3 billion, or $60.35 per share, at June 30, 2026, compared with $27.2 billion, or $50.86 per share, at June 30, 2025. The board of directors declared a third quarter dividend of $0.61 per share, payable on September 1, 2026. The company intends to continue its balanced approach of investing in growth and driving long-term value, and targets extending its record of 43 consecutive years of dividend increases into 2026.

Purchase of shares by the portfolio manager

Artemis UK Future Leaders plc announced that Mark Niznik, a portfolio manager of the Company, purchased 11,686 ordinary shares on 30 April 2026 at an average price of 340.50 pence per share. Following this transaction, Mark Niznik holds 329,485 ordinary shares directly and 341,186 shares including indirect holdings, representing 1.1% of the total shares with voting rights. The transaction was notified to the Company and disclosed by Northern Trust Secretarial Services (UK) Limited as Company Secretary. This purchase increases insider ownership and may be of interest to investors monitoring director dealings.

Aflac Incorporated Announces First Quarter 2026 Results

Aflac Incorporated (NYSE: AFL) reported its first quarter 2026 results, showing total revenues of $4.3 billion, a 27.9% increase year over year. Net earnings were $1.0 billion, or $1.98 per diluted share, compared with $29 million, or $0.05 per diluted share a year ago. Adjusted earnings were $901 million, down 0.6% from $906 million last year, while adjusted earnings per diluted share increased 5.4% to $1.75. The company returned $1.3 billion to shareholders through $1.0 billion in share repurchases and $315 million in dividends. Aflac highlighted strong product sales in Japan and the U.S., and the Board increased the first quarter dividend by 5.2% to $0.61 per share.