AFLAC INC (AFL) Form 10-Q — Aug 7, 2026

$AFLForm 10-QFiled Aug 7, 2026, 9:18 AM ET0001628280-26-054618Original filing

Aflac's second-quarter 2026 net earnings were $825 million, or $1.63 per diluted share, up from $599 million, or $1.11, a year earlier, on total revenues of $4.1 billion versus $4.2 billion; the GAAP jump was driven mainly by smaller net investment losses of $153 million versus $421 million. On an adjusted basis, earnings slipped to $883 million, or $1.75 per diluted share, from $957 million, or $1.78, as the yen averaged 159.45, 9.3% weaker year over year, costing $0.05 of adjusted EPS; Aflac Japan net earned premiums fell to $1,537 million from $1,761 million while Aflac U.S. premiums rose to $1,539 million from $1,504 million.

Key figures

Eps: $1.63 diluted Q2 2026 vs $1.11 diluted Q2 2025; $3.61 diluted six months 2026 vs $1.16
Revenue: $4,117 million Q2 2026 vs $4,160 million Q2 2025; $8,463 million six months 2026 vs $7,558 million
Net Income: $825 million Q2 2026 vs $599 million Q2 2025; $1,844 million six months 2026 vs $628 million
Total Debt: $8,729 million notes payable and lease obligations at June 30, 2026 (vs $8,409 million at December 31, 2025)
Debt Amount: $500 million senior notes at 5.150% due May 2036 plus ¥65.9 billion of yen senior notes across four series issued May 2026; $400 million of 1.125% sustainability notes extinguished at March 2026 maturity
Total Assets: $115,961 million at June 30, 2026
Cash Position: $6,120 million at June 30, 2026 (vs $6,245 million at December 31, 2025)
Interest Rate: 2.117%-3.482% fixed on the four yen series; 5.150% fixed on the $500 million USD notes
Maturity Date: May 2029, December 2031, May 2033 and May 2036 (yen series); May 2036 (USD notes)
Shares Outstanding: 501343298
Yen Move Yo Y: 9.3% weaker than 144.60; reduced adjusted EPS by $0.05 in Q2 ($0.07 for six months at 158.14 avg)
Shareholders Equity: $30.3 billion ($60.35 per share) at June 30, 2026 vs $29.5 billion ($56.85) at December 31, 2025
Interest Expense Q2 2026: $64 million vs $52 million Q2 2025
Adjusted Earnings Q2 2026: $883 million ($1.75 per diluted share) vs $957 million ($1.78) Q2 2025
Share Repurchases H1 2026: $2.0 billion for 17.5 million shares (vs $1.7 billion for 16.4 million shares H1 2025)
Yen Dollar Avg Rate Q2 2026: 159.45
Dividends Per Share Q2 2026: $0.61 vs $0.58 Q2 2025
Net Investment Losses Q2 2026: $153 million vs $421 million Q2 2025
Us Net Earned Premiums Q2 2026: $1,539 million vs $1,504 million Q2 2025
Japan Net Earned Premiums Q2 2026: $1,537 million vs $1,761 million Q2 2025
Pretax Adjusted Earnings Q2 2026: $1,101 million vs $1,198 million Q2 2025
Remaining Buyback Authorization: 96.8 million shares as of June 30, 2026
Adjusted Earnings Six Months 2026: $1.8 billion ($3.50 per diluted share) vs $1.9 billion ($3.43)

Price after filing

1 day: -0.8%7 days: -3.3%30 days: -6.7%

Close on the filing date to close N calendar days later (from $125.56). Historical, not a forecast.

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