AFLAC (AFL) Company Report

The Board declared a $0.61 per share dividend for Q1 2026, payable March 2, 2026, to shareholders of record on February 18, 2026.
This marks a 5.2% increase over the Q4 2025 dividend.
The raise extends Aflac’s 43-year streak of consecutive dividend increases, supported by robust capital and cash flows, according to CEO Daniel P. Amos.

Nov 11, 2025, 7:03 PM

Press Release

Aflac reports Q3 2025 results

AFL

Earnings

Dividends

Share Buyback

Net EPS of $3.08 and adjusted EPS of $2.49 (up 15.3% YoY), driven by $580 million in reinvestment gains and a $0.76 EPS lift from assumption updates.
Aflac Japan saw an 11.8% YoY sales increase, led by a 42% gain in cancer insurance (Miraito); underlying earned premiums declined 1.2%, with a pre-tax margin of 52.2% and persistency of 93.3%.
Aflac U.S. generated $390 million in new sales (+2.8% YoY), net earned premiums up 2.5%, benefit ratio improved to 45.6% (down 200 bps), and expense ratio of 38.9% (including a $21 million termination fee).
Returned $1.3 billion to shareholders via a record $1 billion buyback (9.3 million shares) and $309 million in dividends; unencumbered liquidity of $4.5 billion, leverage at 22%, SMR above 900%, and estimated RBC above 600%.

Nov 5, 2025, 1:00 PM

Transcript

Aflac reports Q3 2025 earnings results

AFL

Earnings

Dividends

Share Buyback

Net EPS of $3.08 and adjusted EPS of $2.49, up 15.3% ex-FX year-over-year (Q3 2024: net $(0.17), adjusted $2.16)
GAAP ROE of 23.5%, adjusted ROE of 19.1%, and adjusted ROE ex-FX of 22.1%, versus 16.7% adjusted ROE in Q3 2024
Dividends of $1,000 M and share repurchases of $309 M executed in the quarter
Strong capital position: ESR (Japan) at 230 (target 170) and U.S. combined RBC ratio at 600 (target 350/450); Aflac Japan 2025 guidance: pretax profit margin 35–38%, underlying earned premiums down 1–2%

Nov 5, 2025, 1:00 PM

Presentation

Aflac reports strong Q3 2025 results

AFL

Earnings

Dividends

Share Buyback

Net EPS $3.08 vs $(0.17) in Q3 2024; adjusted EPS $2.49 (+15% YoY)
U.S. GAAP ROE of 23.5% vs –1.5% in Q3 2024; adjusted ROE ex-FX of 22.1%
Premium persistency remains solid at 93.3% in Japan and 79.0% in the U.S.; adjusted leverage ratio at 22.0%, within target range
Returned capital of $1.0 B dividends and $309 M share repurchases; 2025 margin guidance intact for Japan (benefit ratio 58–60%, pretax margin 35–38%) and U.S. (pretax margin 17–20%)

Nov 5, 2025, 1:00 PM

Presentation

Aflac reports Q3 2025 results

AFL

Earnings

Dividends

Share Buyback

Aflac posted $4.7 billion in Q3 revenues, up 60.7% year-over-year, driven by $275 million of net investment gains versus losses in Q3 2024.
Net earnings were $1.6 billion (EPS $3.08), compared with a net loss of $93 million (loss per share $0.17) in the year-ago quarter.
Adjusted earnings grew 9.6% to $1.3 billion, with adjusted EPS of $2.49, a 15.3% increase year-over-year.
The board declared a $0.58 Q4 dividend and repurchased $1.0 billion of common shares in Q3, leaving 121.6 million shares authorized for future buybacks.
Aflac Japan sales increased 11.8% and U.S. net earned premiums rose 2.5% in the quarter, highlighting growth across both segments.

Nov 4, 2025, 9:38 PM

8-K

Aflac reports Q3 2025 results

AFL

Earnings

Dividends

Share Buyback

Total revenues of $4.7 billion in Q3 2025 versus $2.9 billion a year ago, driven by net investment gains of $275 million.
Net earnings of $1.6 billion, or $3.08 per diluted share, compared with net losses of $93 million, or $0.17 per share in Q3 2024.
Adjusted earnings of $1.3 billion, up 9.6%, and adjusted EPS of $2.49, up 15.3% year-over-year.
Declared a Q4 dividend of $0.58 per share and repurchased $1.0 billion of common stock (9.3 million shares) in Q3.
Shareholders’ equity of $28.7 billion, or $54.57 per share, at September 30, 2025.

Nov 4, 2025, 9:05 PM

Press Release

Aflac reports Q3 2025 earnings update

AFL

Earnings

Guidance Update

Share Buyback

Adjusted EPS rose 15.3% YoY to $2.49, driven by $580 M in remeasurement gains and a $21 M one-time tech contract termination fee
In Japan, net earned premiums fell 4%, with a 39.3% benefit ratio, 19.8% expense ratio and 52.2% pretax margin
In the U.S., net earned premiums grew 2.5%, with a 45.6% benefit ratio, 38.9% expense ratio and 21.7% pretax margin
Corporate posted $69 M pretax adjusted earnings, enhanced liquidity by $2 B via PCAP trusts, repurchased $1 B of shares, paid $390 M of dividends and maintained 22% leverage with SMR >900% and estimated RBC >600%
2025 guidance: Japan benefit ratio 58–60%, expense ratio 20–23%, pretax margin 35–38%; U.S. benefit ratio 48–52%, expense ratio 36–39%, pretax margin 17–20%

Nov 4, 2025, 12:00 PM

Transcript

Aflac Incorporated increases share repurchase authorization

AFL

Share Buyback

The Board approved up to 100 million additional shares for repurchase, raising the total available to 130.9 million shares (30.9 million remaining under the November 2022 plan plus the new authorization).
Repurchases will be conducted opportunistically in open-market or negotiated transactions, depending on market conditions.
Announcement date: August 12, 2025.

Aug 12, 2025, 8:50 PM

Press Release

Aflac reports Q2 2025 results

AFL

Earnings

Dividends

Share Buyback

Aflac delivered Q2 net EPS of $1.11 and adjusted EPS of $1.78, with adjusted ROE of 13.7% and adjusted book value per share up 5.2% excluding FX remeasurement.
In Japan, sales rose 23.2% y/y (cancer insurance +53%) driven by the MiRyto launch; persistency was 93.7%, net earned premiums declined 4.8% (underlying –1.1%), and pretax margin was 32%.
In the US, new sales totaled $340 M (+2.7% y/y), persistency held at 79.2%, net earned premiums increased 3.4%, and pretax margin reached 22.5%.
Returned $1.1 B to shareholders in Q2 ($829 M buybacks; $312 M dividends), issued ¥150 B of debt, and ended with holding-company liquidity of $5.1 B; capital ratios include SMR >900%, RBC >600%, ESR >240%.

Aug 6, 2025, 5:05 PM

Aflac Confirms Cybersecurity Breach Impacting Customer, Employee, and Claims Data

AFL

On June 12, 2025, Aflac detected unauthorized network access and contained the intrusion within hours, with core operations remaining fully operational .
Preliminary findings indicate the breach involved social engineering and is suspected to involve the Scattered Spider group, previously linked to the 2023 MGM Resorts hack .
The incident potentially exposed Social Security numbers, health information, and claims data of customers, employees, and agents, with Aflac serving approximately 50 million customers globally .
A review of files containing sensitive data confirms the scope includes claims data and personal details .
Aflac has engaged leading third-party cybersecurity experts to investigate the incident and is preparing to notify regulators and affected parties .
As a mitigation measure, the company is offering 24 months of complimentary credit monitoring, identity theft protection, and Medical Shield .
The full scope of the breach and total number of affected individuals remain undetermined .

Jun 20, 2025, 12:21 PM

CNBC Press Release 8-K

Earnings Transcripts

Quarterly earnings call transcripts for AFLAC.

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