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Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 55,000 shares of the company’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $117.79, for a total transaction of $6,478,450.00. Following the sale, the insider directly owned 50,247,940 shares of the company’s stock, valued at approximately $5,918,704,852.60. This represents a 0.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Post Holdings Co. Ltd. Japan also recently made the following trade(s):

On Tuesday, October 13th, Post Holdings Co. Ltd. Japan sold 42,000 shares of Aflac stock. The shares were sold at an average price of $116.38, for a total transaction of $4,887,960.00. On Monday, October 12th, Post Holdings Co. Ltd. Japan sold 12,200 shares of Aflac stock. The stock was sold at an average price of $115.85, for a total transaction of $1,413,370.00. On Friday, October 9th, Post Holdings Co. Ltd. Japan sold 12,000 shares of Aflac stock. The stock was sold at an average price of $114.72, for a total transaction of $1,376,640.00. On Thursday, October 8th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The stock was sold at an average price of $114.45, for a total value of $1,487,850.00. On Wednesday, October 7th, Post Holdings Co. Ltd. Japan sold 12,000 shares of Aflac stock. The stock was sold at an average price of $112.80, for a total value of $1,353,600.00. On Tuesday, October 6th, Post Holdings Co. Ltd. Japan sold 13,050 shares of Aflac stock. The shares were sold at an average price of $113.49, for a total value of $1,481,044.50. On Monday, October 5th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The shares were sold at an average price of $112.25, for a total value of $1,459,250.00. On Friday, October 2nd, Post Holdings Co. Ltd. Japan sold 13,200 shares of Aflac stock. The shares were sold at an average price of $111.30, for a total value of $1,469,160.00. On Thursday, October 1st, Post Holdings Co. Ltd. Japan sold 11,900 shares of Aflac stock. The stock was sold at an average price of $111.18, for a total value of $1,323,042.00. On Tuesday, September 29th, Post Holdings Co. Ltd. Japan sold 12,100 shares of Aflac stock. The stock was sold at an average price of $113.36, for a total value of $1,371,656.00. Aflac Stock Performance NYSE AFL opened at $119.84 on Friday. The stock’s fifty day moving average is $116.36 and its two-hundred day moving average is $117.20. The firm has a market capitalization of $60.08 billion, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 1.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. Aflac Incorporated has a fifty-two week low of $105.43 and a fifty-two week high of $130.22.

Aflac (NYSE:AFL – Get Free Report) last issued its earnings results on Thursday, August 6th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.01). Aflac had a net margin of 26.91% and a return on equity of 13.27%. The company had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the previous year, the company earned $1.78 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, research analysts anticipate that Aflac Incorporated will post 7.04 earnings per share for the current year. Aflac Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were issued a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.0%. Aflac’s dividend payout ratio is currently 26.15%.

Hedge Funds Weigh In On Aflac Several large investors have recently modified their holdings of AFL. BlackRock Inc. acquired a new stake in shares of Aflac during the 2nd quarter worth about $4,093,787,000. Legal & General Group Plc purchased a new stake in Aflac in the 2nd quarter valued at about $404,639,000. Bank of New York Mellon Corp purchased a new stake in Aflac in the 2nd quarter valued at about $298,418,000. Bank of America Corp DE acquired a new position in Aflac in the second quarter valued at about $244,516,000. Finally, First Trust Advisors LP lifted its position in Aflac by 161.9% in the first quarter. First Trust Advisors LP now owns 3,184,801 shares of the financial services provider’s stock valued at $349,405,000 after buying an additional 1,968,738 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Key Aflac News Here are the key news stories impacting Aflac this week:

Positive Sentiment: DOWLING & PARTN raised its Aflac EPS estimates to $7.65 for fiscal 2027 from $7.55 and to $8.25 for fiscal 2028 from $8.05. The revisions suggest improving confidence in Aflac’s future earnings growth and provide a bullish counterpoint to the current-year consensus estimate of $7.04. Aflac analyst earnings estimates Positive Sentiment: AM Best affirmed the credit ratings of Aflac and its subsidiaries, supporting investor confidence in the insurer’s financial strength, balance sheet and ability to meet policyholder obligations. AM Best affirms Aflac credit ratings Neutral Sentiment: JPMorgan raised its price target for Aflac to $119 from $116 while maintaining a “neutral” rating. Because the new target is close to recent trading levels and implies limited upside, the revision is modestly supportive but does not represent a strong bullish call. JPMorgan raises Aflac price target Negative Sentiment: Japan Post Holdings Co. Ltd. continued selling Aflac shares, including 55,000 shares on October 14 and 42,000 shares on October 13. The sales were made under a pre-arranged Rule 10b5-1 plan and reduced its enormous position only slightly, limiting the fundamental impact. However, the repeated transactions could weigh on sentiment by signaling ongoing shareholder selling pressure. Aflac shareholder SEC filing Wall Street Analyst Weigh In Several research firms recently issued reports on AFL. Evercore raised their price objective on shares of Aflac from $109.00 to $115.00 and gave the stock an “underperform” rating in a research report on Monday, July 13th. UBS Group reiterated a “neutral” rating and issued a $125.00 target price (up from $124.00) on shares of Aflac in a report on Tuesday, October 6th. Weiss Ratings raised shares of Aflac from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday, September 22nd. Wall Street Zen cut shares of Aflac from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Piper Sandler restated an “overweight” rating and set a $138.00 price target (up from $130.00) on shares of Aflac in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $117.20.

View Our Latest Report on Aflac

Aflac Company Profile (Get Free Report)

Aflac Incorporated (NYSE: AFL) is an insurance company that provides supplemental health and life insurance products to individuals, employers and groups. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with illness, injury and other qualifying events.

The company’s products include accident, cancer, critical illness, hospital indemnity, disability, dental, vision and life insurance. Aflac distributes its policies through workplace benefits programs, independent agents, brokers and other distribution channels.

Founded in 1955 as American Family Life Assurance Company of Columbus, Aflac has its headquarters in Columbus, Georgia.

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The AFL has told its official gambling partner, Sportsbet, to stop featuring its high-profile athletes in AI-generated social media content without their permission.

Sportsbet has also been told to delete AI videos depicting AFL stars delivering lines from movies, television shows or speeches to react to real events.

The videos were age-restricted and designed to boost Sportsbet’s engagement on social media, in a bid for new audiences and customers.

The videos were published despite the federal government legislating to ban athletes appearing in gambling ads. The new rules take effect next year.

One recent AI video depicts former Brisbane Lions premiership player Lachie Neale accepting an award at his new club, Collingwood. Sportsbet manipulated his image to show him mimicking a 2018 speech from the US rapper Snoop Dogg accepting a star on the Hollywood Walk of Fame.

Sign up for the Breaking News Australia email“Last but not least, I want to thank me,” an AI-generated video of Neale said. “I want to thank me for believing in me. I want to thank me for doing all this hard work.”

Another AI-generated video depicts the Brisbane Lions player Will Ashcroft. The dual Norm Smith medallist was shown screaming a line from the television show Ozark: “If you want to stop me you’re going to have to fucking kill me”.

Sportsbet suggested this was Ashcroft’s response to Fremantle playing Wharfie Time in the final quarter of the 2026 AFL grand final.

The videos were removed from its Instagram page on Tuesday afternoon, after Sportsbet was contacted by Guardian Australia.

The gambling company has also created AI content using the images of the Hawthorn coach, Sam Mitchell, and former North Melbourne coach Alastair Clarkson.

While these videos were designed to be humorous, the AFL Players’ Association (AFLPA) said it was not impressed.

The AFLPA, which acts as a union, wrote to the league late last week with its concerns. It argued the videos breached a collective bargaining agreement between players and the AFL, which restricts how their images can be used by the league’s partners.

The association’s general manager of legal affairs, Alex Taverner, said: “AI generated player imagery is not permitted without the players’ approval.”

“We raised this with the AFL and advocated for both the removal of the content and a cessation of the use of AI-generated imagery and vision of players without their approval.

“Importantly, the AFL will now work with Sportsbet to remove the content.”

An AFL spokesperson said it would “continue to work closely with our partners on the use of AI content and will continue to do so as the technology evolves”.

A Sportsbet spokesperson said the company is “always developing content that entertains fans and supports engagement with sport”.

“We listen to our partners’ feedback and respond accordingly,” the spokesperson said.

“We’re continuing to work with the AFL on the evolving use of AI in our content, taking account of partner feedback and community expectations.”

The 2023-2027 collective bargaining agreement allows Sportsbet to use images and vision of players without permission, but only in certain circumstances and with restrictions. The agreement makes no mention of AI.

Independent ACT senator, David Pocock, a former professional athlete who focuses on the gambling industry and AI, said the case highlighted a need for tougher regulation.

“AI being used to generate images of elite athletes without their consent to promote harmful gambling products and attempt to buy social licensce exposes issues with gambling company behaviour as well as the lack of safeguards against deep fakes,” Pocock said.

Dr Mark Johnson, a senior lecturer at the University of Sydney who has researched social media influencers and gambling, said Sportsbet could have taken more care.

“The most likely explanation is that someone at Sportsbet acted without thinking and never paused to consider how the images of sportspeople are, themselves, often an element of brands and ownership,” Johnson said.

16th annual Aflac WorkForces Report® shows 37% of Gen Z and 40% of millennials turning to AI to learn more about benefits options

, /PRNewswire/ -- Americans in the workplace are feeling more confident about their personal finances and benefits than they did a year ago, yet beneath those encouraging gains lies a more complex reality: they are increasingly burned out, more financially vulnerable and far more unprepared to weather the cost of a serious health event, according to the 16th annual Aflac WorkForces Report1. The report, released today by Aflac Incorporated, the leading provider of supplemental health insurance products in the U.S.2, also shows that AI is quickly becoming a top research tool for younger Americans seeking information about workplace benefits. The report tracks the state of the American workplace among employees and employers — capturing trends, attitudes, needs and experiences in healthcare and benefits administration.

Confidence masks healthcare unpreparedness and exposes financial risk
Although 50% of employees say they fully understand their health insurance coverage (up from 42% in 2025) and 66% believe their benefits would protect them well during a serious illness, many American workers are one paycheck away from financial hardship. Nearly half (47%) of Americans overall — and 61% of Gen Z — say they could not cover $1,000 in out-of-pocket costs from a medical event. Forty-five percent couldn't go for one month without a paycheck, and concerns about medical costs remain widespread. Consequently, Americans have made risky tradeoffs: nearly half (49%) have delayed medical care, and 30% have postponed or avoided treatment specifically due to cost.

Furthermore, employees may be misinformed and financially exposed when it comes to the cost of a serious illness. Three-quarters (75%) — significantly higher for U.S. Hispanics (88%), Asian Americans (88%) and African Americans (85%) — believe an insured American diagnosed with cancer would pay less than $2,000 out of pocket during the year following diagnosis. A recent study by the American Cancer Society and National Cancer Institute3 found that overall cancer-attributable medical service costs are an average $45,063 during the initial phase after diagnosis.

Pervasive workplace stress reaches alarming levels
The report reveals an all-time high 75% of employees experience workplace stress, compared to 72% in 2025. Among nearly 2 out of 5 (39%) of all employees who say they are experiencing burnout in their current roles, 83% reported having experienced at least moderate burnout at work. The highest rate of at least moderate burnout of all generations is Gen X (89%), compared to 84% of millennials and 73% of Gen Z. Personal mental health has had a negative influence on work and ability to get work done over the past year for Gen Z (37%) and millennials (33%), compared to Gen X (24%) and baby boomers (5%).

"The convergence of rising burnout, financial vulnerability and misconceptions about healthcare costs is creating risks for both workforce well-being and organizational resilience," said Aflac Incorporated Chief Human Resources Officer and Chief Administrative Officer Matthew Owenby. "For employers, the cost of inaction could be significant — impacting engagement, productivity and retention. Employers can make a meaningful difference by helping their teams better understand their benefits and provide protection that supports their physical, mental and financial well-being."

AI is emerging as a benefits advisor
The report shows GenAI platforms such as ChatGPT, Claude and Gemini are becoming a source of information regarding workplace benefits, with 30% of Americans saying they turn to it for research. In fact, AI is becoming more of a tool with Gen Z (37%) and millennials (40%), compared to Gen X (21%) and baby boomers (4%). However, 58% of employees also say they use their company's benefits portal or their benefits provider's website as a key source of information, indicating that while AI is a growing influence, employees still rely on information closest to the source. Thirty-three percent of employees also seek counsel from a benefits advisor to ensure they are maximizing their options.

Misunderstanding benefits can be costly
Costly mistakes are becoming more common as nearly one-third (32%) of employees say they have overpaid for healthcare — significantly higher for U.S. Hispanics (52%) — because they misunderstood what their insurance would cover, a sharp increase from 24% in 2025. Even among employees who claim to fully understand their policies, 35% report making costly coverage mistakes.

Competitive benefits are a business imperative despite financial pressures
Employers are increasingly viewing benefits as a strategic tool for satisfaction, productivity and talent attraction and retention — despite economic pressures and rising healthcare costs. At the same time, a record high 95% of Americans feel supplemental health insurance can help to protect their financial security. Employers are nearly evenly divided on what they consider to be a primary benefits objective: improving employee satisfaction and engagement (27%), creating a healthy and productive workforce (27%), supporting competitiveness (23%) or attracting and retaining talent (23%). For many employers, preserving comprehensive benefits offerings requires difficult tradeoffs, as they are increasingly balancing what they spend on benefits against other workforce investments — and shifting more financial responsibility to employees through premiums (35%), deductibles (32%) and copays (26%).

Gen Z is redefining the employee value proposition
While 49% of all American employees prioritize salary when looking for a new job, only 30% of Gen Z do so. Instead, younger workers emphasize fulfilling work (28% vs. 23% overall), career growth and development (22% vs. 17% overall) and workplace values that match their own (21% vs. 14% overall). Compensation is becoming a less effective retention strategy for younger talent, and benefits importance is rising. Employees' willingness to trade some salary for stronger benefits reached 39% overall and climbed to 53% among Gen Z — both all-time highs. In the past 12 months, Gen Z has contacted Human Resources about healthcare benefits at least once (92% vs. 70% overall), suggesting that better education and digital access could drive engagement.

The winning benefits experience combines digital tools and human support
As employees increasingly seek self-service benefits experiences, demand for digital access continues to grow. Eighty-five percent of workers — and 94% of Gen Z — say online benefits management is important, yet significant access gaps remain, with one-third of employees lacking online benefits access and two in five employers not offering online enrollment. One-third of employees now use AI to research benefits information, yet human advisor support resonates — mostly with Gen Z (90%) reporting its importance compared to 41% of baby boomers.

"Benefits remain one of the most important investments employers make, but the goalposts are shifting," said Owenby. "Employees need more than coverage. They need financial protection that reflects real-world risks, information they can understand and guidance they can trust. The organizations that deliver all three will be better positioned to provide support, build resilience and strengthen their workforces."

The 2026-2027 Aflac WorkForces Report highlights the vital role of comprehensive benefits in employees' well-being, satisfaction, resilience and retention. Additional survey findings, trends and more can be found at Aflac.com/AWR.

ABOUT THE 2026-2027 AFLAC WORKFORCES REPORT®
The 2026-2027 Aflac WorkForces Report is the 16th annual employee study examining benefits trends and attitudes. Conducted by Kantar on behalf of Aflac, the employer survey took place online between April 20 and May 10, 2026, and the employee survey took place online between April 20 and May 29, 2026. Throughout this report, some percentages may not add up to 100%, and Top 2 Box may appear higher or lower due to rounding. The surveys captured responses from 1,000 employers and 2,001 employees across the United States. Aflac includes Aflac and/or Aflac New York and/or Continental American Insurance Company and/or Continental American Life Insurance Company. For more information, visit Aflac.com/AWR.

ABOUT AFLAC INCORPORATED
Aflac Incorporated (NYSE: AFL), a Fortune 500 company, has helped provide financial protection and peace of mind for more than seven decades to millions of policyholders and customers through its subsidiaries in the U.S. and Japan. In the U.S., Aflac is the No. 1 provider of supplemental health insurance products.2 In Japan, Aflac Life Insurance Japan is the leading provider of cancer and medical insurance in terms of policies in force.4 The company takes pride in being there for its policyholders when they need us most, as well as being 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). In addition, the company became a signatory of the Principles for Responsible Investment (PRI) in 2021. To find out how to get help with expenses health insurance doesn't cover, get to know us at aflac.com or aflac.com/español. Investors may learn more about Aflac Incorporated and its commitment to corporate social responsibility and sustainability at investors.aflac.com under "Sustainability."

1 Aflac.com/AWR
2 LIMRA 2025 U.S. Supplemental Health Insurance Total Market Report
3 Cancer Care Costs High and Vary Substantially by Cancer Type and Stage; Highest Costs at the End of Life and for Patients With Advanced Disease at Diagnosis, Study Reveals: American Cancer Society and National Cancer Institute
4 As of March 31, 2025, Aflac estimates based on company data

Aflac | WWHQ | 1932 Wynnton Road | Columbus, GA 31999

Frequently Asked Questions

What is the Aflac WorkForces Report®?
The Aflac WorkForces Report is an annual study conducted by Kantar on behalf of Aflac that tracks the state of the American workplace among employees and employers — capturing trends, attitudes, needs and experiences in healthcare and benefits administration.

What are key benefits trends, according to the 2026-2027 Aflac WorkForces Report?

Benefits remain key differentiator in the competition for talent
Use of GenAI for benefits research signals engagement, not self-sufficiency
Rising benefits costs are reshaping workforce investment
Employers are preserving coverage by shifting more costs to employees
Employees seek a balance between digital access and human connection
Demand for supplemental protection is high, but relevance ultimately drives enrollment
Costly mistakes expose limits of self-reported understanding of healthcare benefits
Younger employees are asking for more from benefits support
Delaying care can create lasting health and financial consequences
Serious illness creates costs employees do not see coming
Supplemental insurance is associated with a stronger benefits experience

How are stress and burnout impacting the American workforce, according to the 2026-2027 Aflac WorkForces Report?
An all-time high 75% of employees experience workplace stress, compared to 72% in 2025. Among nearly 2 out of 5 (39%) of all employees who say they are experiencing burnout in their current roles, 83% reported having experienced at least moderate burnout at work. The highest rate of at least moderate burnout of all generations is Gen X (89%), compared to 84% of millennials and 73% of Gen Z. Personal mental health has had a negative influence on work and ability to get work done over the past year for Gen Z (37%) and millennials (33%), compared to Gen X (24%) and baby boomers (5%).

How are AI platforms being used to research workplace benefits information, according to the 2026-2027 Aflac WorkForces Report?
GenAI platforms such as ChatGPT, Claude and Gemini are becoming a leading source of information regarding workplace benefits, with 30% of Americans saying they turn to it for research. AI is becoming more of a tool with Gen Z (37%) and millennials (40%), compared to Gen X (21%) and baby boomers (4%). However, 58% of employees say they use their company's benefits portal or their benefits provider's website as a key source of information, indicating that while AI is a growing influence, employees still rely on information closest to the source.

SOURCE Aflac

Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,050 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $113.49, for a total value of $1,481,044.50. Following the completion of the sale, the insider owned 50,394,140 shares in the company, valued at $5,719,230,948.60. The trade was a 0.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Post Holdings Co. Ltd. Japan also recently made the following trade(s):

On Wednesday, October 7th, Post Holdings Co. Ltd. Japan sold 12,000 shares of Aflac stock. The stock was sold at an average price of $112.80, for a total transaction of $1,353,600.00. On Monday, October 5th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The shares were sold at an average price of $112.25, for a total transaction of $1,459,250.00. On Friday, October 2nd, Post Holdings Co. Ltd. Japan sold 13,200 shares of Aflac stock. The stock was sold at an average price of $111.30, for a total transaction of $1,469,160.00. On Thursday, October 1st, Post Holdings Co. Ltd. Japan sold 11,900 shares of Aflac stock. The shares were sold at an average price of $111.18, for a total value of $1,323,042.00. On Tuesday, September 29th, Post Holdings Co. Ltd. Japan sold 12,100 shares of Aflac stock. The stock was sold at an average price of $113.36, for a total transaction of $1,371,656.00. On Monday, September 28th, Post Holdings Co. Ltd. Japan sold 12,000 shares of Aflac stock. The stock was sold at an average price of $113.63, for a total transaction of $1,363,560.00. On Thursday, September 24th, Post Holdings Co. Ltd. Japan sold 12,100 shares of Aflac stock. The stock was sold at an average price of $114.64, for a total transaction of $1,387,144.00. On Wednesday, September 23rd, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The shares were sold at an average price of $115.20, for a total value of $1,555,200.00. On Monday, September 21st, Post Holdings Co. Ltd. Japan sold 12,200 shares of Aflac stock. The stock was sold at an average price of $115.49, for a total transaction of $1,408,978.00. On Friday, September 18th, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The shares were sold at an average price of $116.22, for a total value of $1,487,616.00. Aflac Stock Down 0.4% AFL opened at $114.48 on Friday. The firm has a market capitalization of $57.39 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 1.85 and a beta of 0.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The company has a fifty day moving average price of $117.17 and a 200-day moving average price of $116.83. Aflac Incorporated has a one year low of $105.43 and a one year high of $130.22.

Aflac (NYSE:AFL – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.01). The company had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Aflac had a net margin of 26.91% and a return on equity of 13.27%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 EPS. Equities research analysts expect that Aflac Incorporated will post 7.04 earnings per share for the current fiscal year. Aflac Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, August 19th. Aflac’s dividend payout ratio (DPR) is currently 26.15%.

Institutional Investors Weigh In On Aflac Several hedge funds and other institutional investors have recently bought and sold shares of the company. Decker Wealth Management LLC grew its stake in shares of Aflac by 21.0% in the 3rd quarter. Decker Wealth Management LLC now owns 3,557 shares of the financial services provider’s stock valued at $398,000 after buying an additional 617 shares during the period. Wedmont Private Capital increased its holdings in shares of Aflac by 2.0% during the 3rd quarter. Wedmont Private Capital now owns 9,396 shares of the financial services provider’s stock worth $1,080,000 after buying an additional 186 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Aflac by 6.7% during the 3rd quarter. GAMMA Investing LLC now owns 19,421 shares of the financial services provider’s stock valued at $2,171,000 after buying an additional 1,219 shares during the period. Farther Finance Advisors LLC raised its position in shares of Aflac by 18.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 37,956 shares of the financial services provider’s stock valued at $4,243,000 after buying an additional 5,825 shares during the period. Finally, CoreCap Advisors LLC raised its position in shares of Aflac by 17.1% during the 3rd quarter. CoreCap Advisors LLC now owns 8,170 shares of the financial services provider’s stock valued at $913,000 after buying an additional 1,193 shares during the period. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets Several equities analysts have recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating and set a $138.00 target price (up from $130.00) on shares of Aflac in a report on Monday, August 10th. Mizuho lowered their target price on shares of Aflac from $116.00 to $107.00 and set an “underperform” rating on the stock in a research note on Wednesday. Wall Street Zen downgraded Aflac from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Keefe, Bruyette & Woods cut their target price on shares of Aflac from $125.00 to $120.00 and set a “market perform” rating for the company in a research report on Friday. Finally, UBS Group restated a “neutral” rating and set a $125.00 target price (up from $124.00) on shares of Aflac in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Aflac has a consensus rating of “Hold” and a consensus target price of $115.77.

View Our Latest Research Report on Aflac

Key Aflac News Here are the key news stories impacting Aflac this week:

Positive Sentiment: bswift launched AI-powered carrier-configuration tools beginning with Aflac. The initiative is designed to simplify workplace-benefit plan setup and improve access to Aflac’s supplemental insurance products. While no immediate financial benefit was disclosed, the platform could support distribution efficiency and future growth. bswift launches AI-powered carrier configuration tools starting with Aflac Neutral Sentiment: Keefe, Bruyette & Woods lowered its price target for Aflac to $120 from $125 and maintained a “market perform” rating. The revised target still implies approximately 4.8% potential upside from the referenced price, but the cut signals limited near-term conviction rather than a bullish catalyst. Keefe, Bruyette & Woods adjusts Aflac price target Negative Sentiment: Mizuho issued a more pessimistic outlook for Aflac. Its previously reported target cut to $107 from $116 and “underperform” rating put additional pressure on the shares, particularly after Aflac’s latest quarterly EPS slightly missed consensus and revenue declined year over year. Mizuho issues pessimistic forecast for Aflac Negative Sentiment: Japan Post Holdings continued selling small portions of its large Aflac stake. It sold 13,050 shares for approximately $1.48 million under a pre-arranged Rule 10b5-1 trading plan. The sale reduced its ownership by only 0.03%, limiting the fundamental impact, but repeated disposals may create a modest supply overhang and weigh on sentiment. Japan Post Holdings Aflac share sale filing About Aflac (Get Free Report)

Aflac Incorporated (NYSE: AFL) is an insurance company that provides supplemental health and life insurance products to individuals, employers and groups. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with illness, injury and other qualifying events.

The company’s products include accident, cancer, critical illness, hospital indemnity, disability, dental, vision and life insurance. Aflac distributes its policies through workplace benefits programs, independent agents, brokers and other distribution channels.

Founded in 1955 as American Family Life Assurance Company of Columbus, Aflac has its headquarters in Columbus, Georgia.

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What happened Aflac Inc. (NYSE: AFL) filed a Form 4 showing Japan Post Holdings Co., Ltd., a 10% owner, sold 13,000 shares on 2026-10-05. The shares sold for $112.25 each, or about $1.46 million in total.

The filing says the sale was made under a Rule 10b5-1 trading plan. After the sale, Japan Post Holdings held 50,407,190 shares of Aflac common stock. The form says the shares were sold in multiple transactions at prices from $111.85 to $112.47 per share. That range matches the weighted average price reported for the sale.

Key numbers Metric Latest Change Source Shares sold 13,000 shares SEC Form 4 Sale price per share $112.25 SEC Form 4 Total value about $1.46 million SEC Form 4 Shares held after sale 50,407,190 shares SEC Form 4 Sale price range $111.85 to $112.47 SEC Form 4 Read more: Aflac (AFL) stock analysis and investment case Why it matters OptimistFi's view is that Aflac creates durable value by selling employer-distributed supplemental insurance and managing an investment portfolio that funds benefits. This filing does not change that view, because it reports a planned stock sale by a large holder, not a business update. OptimistFi's calculation puts the 13,000 shares at about 0.0% of the holding before the trade.

Japan Post Holdings still held 50,407,190 shares after the sale, so the position stayed above 50 million shares. The key point is that the filing shows an ownership change under a trading plan, not a discretionary signal about Aflac's business. The sale price also sits inside the filing's stated range, so the report is about execution, not valuation.

Browse: stock research on every company OptimistFi covers

What's next Aflac's next quarterly report is the next scheduled check on whether the company still fits OptimistFi's case. Results that show steady premium flows and a strong capital base would support the unchanged view.

A weaker report would matter more than this planned sale, because it would speak to the business rather than to ownership. Until then, this Form 4 mainly serves as a baseline for tracking ownership changes in Aflac.

If the next report shows no change in Aflac's operating case, this sale should stay a side note for investors. If it does change, that report would matter more because it would speak to the business, not the holder's plan.

More from OptimistFi AFL stock: the Aflac thesis, its status and the next test to watch United States Brent Oil Fund, LP (NYSE Arca: BNO) Tracks a Supply Gap Alpha Teknova, Inc. (NASDAQ: TKNO) Adds Regulatory Support for PluriFreeze Meta Platforms, Inc. (NASDAQ: META) Has a Conditional $18 Billion Bill Stock research on every company OptimistFi covers Latest stock research and investment-case updates OptimistFi: evidence-first equity research Sources SEC Form 4 — Filed 2026-10-07 and reports Japan Post Holdings Co., Ltd.'s sale of Aflac Inc. common stock. Read the full OptimistFi thesis on Aflac Inc: https://optimistfi.com/stocks/AFL

See what would break the Aflac Inc thesis and track it live on the OptimistFi Thesis-Break Engine.

Browse every company OptimistFi covers at optimistfi.com/stocks, or read the latest evidence-first research.

The full Aflac Inc investment case, its status and the next test to watch live on the Aflac Inc thesis page.

Originally published on OptimistFi, evidence-first equity research. More at optimistfi.com.

Aflac Life Insurance and Legacy Planning Study highlights important planning gaps for the U.S. workforce

, /PRNewswire/ -- Preparing for the future can help families provide clarity and support during some of life's most difficult moments. The Aflac Life Insurance and Legacy Planning Study1 conducted among 1,000 adult employees in the U.S., and published by Aflac, the leading provider of supplemental health insurance in the U.S.,2 finds that most American workers recognize the importance of having critical planning documents such as wills, powers of attorney and advance healthcare directives. That said, many have yet to take key steps to prepare, potentially leaving loved ones to manage the crucial emotional, financial and administrative challenges to be handled on their own. For those who've experienced the loss of a loved one and navigated the responsibilities that followed, the study found that nearly half (45%) say the emotional impact was the most overwhelming aspect of the experience, while 43% report difficulties handling financial matters. Also concerning is that 74% say the experience affected their productivity at work.

"No one can fully prepare for the emotional impact of losing a loved one, but this study shows that readiness is not simply about documents or finances; it's about helping families navigate an already difficult period with greater clarity," said Scott Beeman, divisional president, Aflac Premier. "Many people recognize the importance of planning but are unsure where to begin or feel overwhelmed by the process. At Aflac, we believe support should extend beyond insurance coverage alone. By planning ahead and providing access to meaningful support through our work with Empathy, Aflac is here to support better outcomes for workers, their employers and loved ones."

Among those who have managed a loved one's affairs, the study further identified additional unexpected challenges that can arise during an already difficult time, including 37% struggling to balance responsibilities with work demands and 40% struggling with funeral and memorial arrangements.

The study also found a growing demand for practical guidance, digital tools and professional support that help individuals move from awareness to action. This preparedness gap is reflected in additional key findings from the survey, including:

95% say it is important to make end-of-life matters easier for their loved ones. 79% would be likely to use a care manager to help navigate end-of-life matters. 77% say having a last will and testament is important, yet only 57% have one. 71% say a power of attorney is important, but only 50% have completed one. 67% say advance healthcare directives are important, while only 54% have them in place. 38% of respondents who have documented end-of-life preferences don't believe their loved ones know exactly where to find them. Workers need support turning awareness into action
Awareness of end-of-life planning is high, yet many workers face barriers that prevent them from taking action. Workers across generations most often cite uncertainty about where to begin, perceived complexity, cost concerns and discomfort discussing end-of-life topics as reasons for delaying or avoiding planning activities. More than half of respondents indicated that simple, step-by-step guidance would make them more likely to complete important estate-planning activities.

Aflac provides guidance to help workers prepare for the future and navigate the loss of a loved one with Empathy
For Aflac, meaningful support means being there for employees at every stage of the plan. Providing greater value, the company partners with Empathy, a leading technology company transforming the way people plan for and navigate life's toughest moments. Through this collaboration, Aflac provides covered employees with legacy planning and bereavement support today and extends that same bereavement support to their beneficiaries alongside the payout.

"Aflac's research confirms what we see across the industry: People know why planning matters, but too many don't know where to start, and that gap only widens in life's hardest moments," said Ron Gura, co-founder and CEO of Empathy. "That's the thinking behind full-circle care at Empathy, support that meets people before a crisis and stays with them through it. Aflac has been a long-standing partner in that vision, and this research reinforces what we've seen firsthand: Real, connected support doesn't just help people; it redefines what a benefit like life insurance can be."

The 2026 Aflac Life Insurance and Legacy Planning Study results are available at no cost to workers, families and employers seeking to better understand the importance of life insurance and legacy planning, particularly their effects on personal and workplace well-being.

"Although no plan can lessen the loss of a loved one, this study serves as a reminder that planning for the future is ultimately an act of care, providing clarity, confidence and peace of mind when important decisions must be made," Beeman said. "And for employers, offering end-of-life planning resources represents an opportunity to support employees' wellness while fostering a resilient workforce capable of balancing job responsibilities and managing the affairs of a loved one."

To learn more about the study, download the report here. 

ABOUT THE 2026 AFLAC LIFE INSURANCE AND LEGACY PLANNING STUDY
The Aflac Life Insurance and Legacy Planning Study was conducted in partnership with Kantar Profiles Division between May 29 and June 9, 2026. The study surveyed 1,000 employed U.S. adults to assess levels of understanding, education, preparedness and experiences related to life insurance, estate planning, end-of-life planning and managing a loved one's affairs after death.

ABOUT AFLAC INCORPORATED
Aflac Incorporated (NYSE: AFL), a Fortune 500 company, has helped provide financial protection and peace of mind for more than seven decades to millions of policyholders and customers through its subsidiaries in the U.S. and Japan. In the U.S., Aflac is the No. 1 provider of supplemental health insurance products.2 In Japan, Aflac Life Insurance Japan is the leading provider of cancer and medical insurance in terms of policies in force.3 The company takes pride in being there for its policyholders when they need us most, as well as being 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). In addition, the company became a signatory of the Principles for Responsible Investment (PRI) in 2021. To find out how to get help with expenses health insurance doesn't cover, get to know us at aflac.com or aflac.com/español. Investors may learn more about Aflac Incorporated and its commitment to corporate social responsibility and sustainability at investors.aflac.com under "Sustainability."

ABOUT EMPATHY
Empathy is a leading technology company transforming how the world plans for and deals with life's hardest moments with AI and human care, serving more than 50 million policyholders across the U.S., Canada, and the U.K. Backed by $162 million from top-tier venture firms such as Index Ventures, General Catalyst, Adams Street Partners, and other leading funds, alongside strategic investments from global financial institutions, Empathy offers comprehensive, expert guidance through bereavement, estate management, legacy planning, caregiving, leaves of absence, and more. Recognized by Apple, Google Play, and Fast Company, Empathy pairs technology built for scale with the kind of care only people can give, redefining the standard for what modern support looks like. Learn more at empathy.com

Frequently Asked Questions

Q: What is a legacy plan, and why is it important?
A: A legacy plan helps ensure that an individual's wishes, finances and important decisions can be managed according to their preferences in the event of illness, incapacity or death. Legacy planning may include documents such as a last will and testament, power of attorney and advance healthcare directives. According to the Aflac Life Insurance and Legacy Planning Study, while most workers recognize the importance of these documents, many have not yet completed them, potentially creating additional emotional, financial and administrative burdens for their loved ones.

Q: What did the Aflac Life Insurance and Legacy Planning Study reveal about workforce preparedness?
A: The study found a significant gap between awareness and action. While 95% of respondents said it is important to make end-of-life matters easier for loved ones, only 57% have a will, 50% have a power of attorney and 54% have advance healthcare directives in place. The findings suggest that many workers understand the value of planning but often delay taking action because they are unsure where to start, perceive the process as complex, have concerns about cost or feel uncomfortable discussing end-of-life topics.

Q: How is Aflac helping employees and families address legacy planning needs?
A: Through its partnership with Empathy, Aflac provides eligible employees with access to legacy planning and bereavement support resources designed to help individuals prepare for the future and navigate the loss of a loved one. The services are intended to provide practical guidance, tools and support before and after a loss, helping individuals and families manage important personal, financial and administrative responsibilities with greater confidence and clarity.

1 Aflac Life Insurance and Legacy Planning Study. Aflac Incorporated. Published September 2026.
2 LIMRA 2025 U.S. Supplemental Health Insurance Total Market Report.
3 As of March 31, 2025, Aflac estimates based on company data.

Media contact: Jon Sullivan, 706-763-4813 or [email protected]

Analyst and investor contact: David A. Young, 706-596-3264, 800-235-2667 or [email protected]

Aflac | WWHQ | 1932 Wynnton Road | Columbus, GA 31999 | 800.992.3522
Continental American Insurance Company | Columbia, SC | 800.433.3036
Aflac New York | 22 Corporate Woods Boulevard, Suite 2 | Albany, NY 12211 | 800.366.3436

Group supplemental insurance coverage is underwritten by Continental American Insurance Company (CAIC), a wholly owned subsidiary of Aflac Incorporated. CAIC is not licensed to solicit business in New York, Guam, Puerto Rico or the Virgin Islands. In California, coverage is offered by Continental American Life Insurance Company. In New York, coverage is underwritten by American Family Life Assurance Company of New York.

Empathy: These services are intended for general purposes and are not a substitute for professional psychological or medical advice. Empathy may not be available in some states in connection with this partnership.

CAIC's affiliation with the Value-Added Service providers is limited only to a marketing alliance, and CAIC and the Value-Added Service providers are not under any sort of mutual ownership, joint venture, or are otherwise related. CAIC makes no representations or warranties regarding the Value-Added Service providers and does not own or administer any of the products or services provided by the Value-Added Service providers. Each Value-Added Service provider offers its products and services subject to its own terms, limitations and exclusions. Value-Added Services are not available in Idaho, Minnesota, or New Mexico. State availability may vary.

SOURCE Aflac

Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,200 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $115.49, for a total transaction of $1,408,978.00. Following the completion of the sale, the insider directly owned 50,519,290 shares in the company, valued at $5,834,472,802.10. This trade represents a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Post Holdings Co. Ltd. Japan also recently made the following trade(s):

On Friday, September 18th, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The stock was sold at an average price of $116.22, for a total transaction of $1,487,616.00. On Thursday, September 17th, Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock. The stock was sold at an average price of $116.58, for a total value of $1,503,882.00. On Wednesday, September 16th, Post Holdings Co. Ltd. Japan sold 13,800 shares of Aflac stock. The shares were sold at an average price of $117.49, for a total value of $1,621,362.00. On Monday, September 14th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The shares were sold at an average price of $116.74, for a total value of $1,587,664.00. On Friday, September 11th, Post Holdings Co. Ltd. Japan sold 14,000 shares of Aflac stock. The stock was sold at an average price of $115.14, for a total value of $1,611,960.00. On Thursday, September 10th, Post Holdings Co. Ltd. Japan sold 13,300 shares of Aflac stock. The stock was sold at an average price of $114.32, for a total value of $1,520,456.00. On Tuesday, September 8th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The shares were sold at an average price of $115.44, for a total value of $1,569,984.00. On Friday, September 4th, Post Holdings Co. Ltd. Japan sold 15,000 shares of Aflac stock. The shares were sold at an average price of $117.47, for a total value of $1,762,050.00. On Thursday, September 3rd, Post Holdings Co. Ltd. Japan sold 20,000 shares of Aflac stock. The stock was sold at an average price of $118.49, for a total value of $2,369,800.00. On Wednesday, September 2nd, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The shares were sold at an average price of $117.19, for a total transaction of $1,582,065.00. Aflac Price Performance NYSE:AFL opened at $115.18 on Thursday. Aflac Incorporated has a 12-month low of $105.43 and a 12-month high of $130.22. The firm has a market cap of $57.75 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 1.85 and a beta of 0.59. The company’s 50-day moving average is $120.20 and its two-hundred day moving average is $116.54. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.01). Aflac had a return on equity of 13.27% and a net margin of 26.91%.The firm had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. Research analysts expect that Aflac Incorporated will post 7.04 EPS for the current year. Aflac Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.61 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. Aflac’s dividend payout ratio (DPR) is 26.15%.

Analysts Set New Price Targets Several research firms recently commented on AFL. Piper Sandler reiterated an “overweight” rating and issued a $138.00 target price (up from $130.00) on shares of Aflac in a research note on Monday, August 10th. Keefe, Bruyette & Woods lifted their price target on Aflac from $120.00 to $125.00 and gave the company a “market perform” rating in a report on Tuesday, August 11th. UBS Group reaffirmed a “neutral” rating and set a $124.00 price objective (up from $114.00) on shares of Aflac in a research note on Wednesday, July 8th. TD Cowen reiterated a “hold” rating and set a $110.00 price objective (up from $101.00) on shares of Aflac in a report on Wednesday, July 22nd. Finally, Wolfe Research initiated coverage on shares of Aflac in a research report on Wednesday, August 19th. They issued an “underperform” rating and a $103.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $116.62.

Check Out Our Latest Research Report on AFL

Aflac News Roundup Here are the key news stories impacting Aflac this week:

Positive Sentiment: Aflac reported quarterly revenue of $4.22 billion, above the $4.11 billion consensus estimate. The company remains highly profitable, with a net margin of 26.91%, and its valuation near 12 times earnings may appeal to defensive and income-focused investors. Aflac mixed Q2 earnings report Positive Sentiment: The company’s $0.61 quarterly dividend, equivalent to $2.44 annually and a yield of roughly 2.1%, continues to support Aflac’s appeal as a steady income investment. Its payout ratio remains relatively low at about 26%, leaving room for continued dividend support. Neutral Sentiment: Aflac partnered with fashion designer Rachel Zoe on a scannable “check” jacket to encourage cancer screenings. The campaign reinforces Aflac’s cancer-insurance brand and public visibility, but is unlikely to materially affect near-term earnings. Aflac and Rachel Zoe cancer-screening campaign Neutral Sentiment: Japan Post Holdings, a major shareholder, continued selling small blocks of Aflac shares under a pre-arranged Rule 10b5-1 plan. The latest sale involved 12,800 shares worth about $1.49 million, reducing its ownership by only 0.03%; the activity may create limited supply pressure but is not necessarily a bearish signal about fundamentals. SEC filing on Japan Post Holdings sale Negative Sentiment: Adjusted earnings of $1.75 per share narrowly missed the $1.76 consensus and declined from $1.78 a year earlier. Revenue also fell 1% year over year, tempering the positive impact of the revenue beat and keeping analyst sentiment broadly at “Hold.” Institutional Trading of Aflac A number of institutional investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. increased its holdings in Aflac by 2.9% in the 2nd quarter. QRG Capital Management Inc. now owns 98,530 shares of the financial services provider’s stock valued at $11,553,000 after purchasing an additional 2,752 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Aflac by 10.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,567 shares of the financial services provider’s stock worth $535,000 after buying an additional 426 shares during the period. Andra AP fonden boosted its position in shares of Aflac by 1.6% in the second quarter. Andra AP fonden now owns 38,700 shares of the financial services provider’s stock worth $4,538,000 after buying an additional 626 shares during the period. Security National Bank of Sioux City Iowa IA grew its stake in shares of Aflac by 24.4% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 39,570 shares of the financial services provider’s stock valued at $4,640,000 after buying an additional 7,752 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in shares of Aflac by 137.4% in the second quarter. Tidal Investments LLC now owns 40,904 shares of the financial services provider’s stock valued at $4,796,000 after buying an additional 23,677 shares in the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Aflac Company Profile (Get Free Report)

Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.

Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.

Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.

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Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,800 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $116.22, for a total transaction of $1,487,616.00. Following the completion of the transaction, the insider owned 50,531,490 shares in the company, valued at $5,872,769,767.80. This trade represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Post Holdings Co. Ltd. Japan also recently made the following trade(s):

On Thursday, September 17th, Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock. The shares were sold at an average price of $116.58, for a total value of $1,503,882.00. On Wednesday, September 16th, Post Holdings Co. Ltd. Japan sold 13,800 shares of Aflac stock. The stock was sold at an average price of $117.49, for a total transaction of $1,621,362.00. On Monday, September 14th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The shares were sold at an average price of $116.74, for a total transaction of $1,587,664.00. On Friday, September 11th, Post Holdings Co. Ltd. Japan sold 14,000 shares of Aflac stock. The stock was sold at an average price of $115.14, for a total transaction of $1,611,960.00. On Thursday, September 10th, Post Holdings Co. Ltd. Japan sold 13,300 shares of Aflac stock. The stock was sold at an average price of $114.32, for a total transaction of $1,520,456.00. On Tuesday, September 8th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The shares were sold at an average price of $115.44, for a total value of $1,569,984.00. On Friday, September 4th, Post Holdings Co. Ltd. Japan sold 15,000 shares of Aflac stock. The stock was sold at an average price of $117.47, for a total value of $1,762,050.00. On Thursday, September 3rd, Post Holdings Co. Ltd. Japan sold 20,000 shares of Aflac stock. The stock was sold at an average price of $118.49, for a total value of $2,369,800.00. On Wednesday, September 2nd, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The shares were sold at an average price of $117.19, for a total value of $1,582,065.00. On Tuesday, September 1st, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The stock was sold at an average price of $115.77, for a total value of $1,481,856.00. Aflac Price Performance Aflac stock opened at $114.62 on Wednesday. The stock’s 50 day moving average is $120.31 and its 200 day moving average is $116.51. Aflac Incorporated has a one year low of $105.43 and a one year high of $130.22. The firm has a market cap of $57.46 billion, a P/E ratio of 12.29, a P/E/G ratio of 1.86 and a beta of 0.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12.

Aflac (NYSE:AFL – Get Free Report) last released its earnings results on Thursday, August 6th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.01). The firm had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.11 billion. Aflac had a net margin of 26.91% and a return on equity of 13.27%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. As a group, research analysts expect that Aflac Incorporated will post 7.04 EPS for the current year. Aflac Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were issued a $0.61 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.44 annualized dividend and a yield of 2.1%. Aflac’s payout ratio is presently 26.15%.

Key Stories Impacting Aflac Here are the key news stories impacting Aflac this week:

Positive Sentiment: Aflac’s dividend increase and valuation near 12 times earnings support its appeal to income-focused and defensive investors. The company’s annualized dividend is $2.44 per share, with a payout ratio near 26%. Aflac valuation and dividend article Positive Sentiment: Aflac launched a cancer-screening awareness campaign with fashion designer Rachel Zoe, using a scannable jacket design to encourage screenings. The initiative reinforces Aflac’s cancer-insurance brand, although it is unlikely to materially affect near-term earnings. Aflac and Rachel Zoe campaign Neutral Sentiment: Aflac President Virgil Miller and former athlete Brian Jordan visited a St. Louis children’s hospital to support families affected by cancer and sickle cell disease. The charitable event may strengthen brand goodwill but has no clear immediate financial impact. Aflac hospital outreach event Negative Sentiment: Japan Post Holdings, Aflac’s major shareholder, sold another 12,800 shares for approximately $1.49 million after several similar sales in September. The latest transaction reduced its stake by only 0.03% and was conducted under a pre-arranged Rule 10b5-1 plan, limiting its significance but potentially creating a near-term supply overhang. SEC filing on Japan Post Holdings sale Negative Sentiment: Aflac’s latest quarterly results were mixed: earnings of $1.75 per share narrowly missed the $1.76 consensus estimate, revenue of $4.22 billion exceeded forecasts but declined 1% year over year, and EPS fell from $1.78 in the prior-year quarter. This has tempered enthusiasm despite strong profitability and dividend growth. Aflac earnings and revenue report Institutional Trading of Aflac A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AFL. BlackRock Inc. bought a new stake in shares of Aflac during the second quarter valued at approximately $4,093,787,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Aflac by 27.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,201,217 shares of the financial services provider’s stock valued at $609,843,000 after purchasing an additional 1,132,091 shares during the period. Dimensional Fund Advisors LP grew its position in Aflac by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider’s stock valued at $499,216,000 after purchasing an additional 67,650 shares during the period. Norges Bank bought a new stake in Aflac during the 4th quarter valued at $420,078,000. Finally, Legal & General Group Plc bought a new stake in Aflac during the 2nd quarter valued at $404,639,000. 67.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In Several research analysts have recently weighed in on AFL shares. Weiss Ratings lowered Aflac from a “buy (a-)” rating to a “buy (b)” rating in a research report on Wednesday, September 9th. Wolfe Research initiated coverage on Aflac in a research note on Wednesday, August 19th. They set an “underperform” rating and a $103.00 target price for the company. Mizuho set a $116.00 target price on Aflac in a report on Monday, August 10th. Keefe, Bruyette & Woods boosted their price target on Aflac from $120.00 to $125.00 and gave the company a “market perform” rating in a research note on Tuesday, August 11th. Finally, TD Cowen restated a “hold” rating and set a $110.00 price target (up from $101.00) on shares of Aflac in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $116.62.

Read Our Latest Research Report on Aflac

About Aflac (Get Free Report)

Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.

Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.

Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.

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Rachel Zoe's unique designed jacket features a checked pattern scannable code to drive increase in cancer screenings COLUMBUS, Ga., Sept. 22, 2026 /PRNewswire/ -- A pioneer in cancer insurance, Aflac has spent seven decades helping people manage the emotional and financial burden of a cancer diagnosis.

IFP Advisors Inc lowered its holdings in shares of Aflac Incorporated (NYSE:AFL – Free Report) by 66.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,084 shares of the financial services provider’s stock after selling 6,232 shares during the quarter. IFP Advisors Inc’s holdings in Aflac were worth $362,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Employees Retirement System of Texas acquired a new position in Aflac during the fourth quarter worth $3,743,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Aflac in the second quarter valued at about $6,630,000. Atlas Wealth LLC acquired a new stake in shares of Aflac in the first quarter valued at about $1,802,000. Callan Family Office LLC purchased a new stake in shares of Aflac during the second quarter worth about $2,546,000. Finally, Fifth Third Bancorp increased its stake in shares of Aflac by 135.5% during the first quarter. Fifth Third Bancorp now owns 142,180 shares of the financial services provider’s stock worth $15,599,000 after purchasing an additional 81,803 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Aflac Trading Down 0.1% Shares of AFL opened at $116.64 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 12-month low of $105.43 and a 12-month high of $130.22. The firm has a 50-day moving average price of $120.74 and a 200 day moving average price of $116.46. The firm has a market capitalization of $58.48 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.88 and a beta of 0.59.

Aflac (NYSE:AFL – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.01). The firm had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Aflac had a net margin of 26.91% and a return on equity of 13.27%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 EPS. Sell-side analysts forecast that Aflac Incorporated will post 7.04 EPS for the current year. Aflac Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were given a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. Aflac’s dividend payout ratio is presently 26.15%.

Analysts Set New Price Targets Several research firms recently weighed in on AFL. Wall Street Zen downgraded shares of Aflac from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Barclays reiterated an “underweight” rating and issued a $99.00 price objective (up from $98.00) on shares of Aflac in a report on Friday, August 7th. Keefe, Bruyette & Woods boosted their price objective on Aflac from $120.00 to $125.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 11th. Jefferies Financial Group reissued a “hold” rating and set a $108.00 target price (up from $100.00) on shares of Aflac in a report on Friday, July 10th. Finally, Mizuho set a $116.00 target price on Aflac in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $116.62.

View Our Latest Stock Analysis on AFL

Insider Buying and Selling In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $116.71, for a total transaction of $3,249,789.95. Following the completion of the transaction, the insider owned 50,898,490 shares of the company’s stock, valued at $5,940,362,767.90. This trade represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 328,315 shares of company stock valued at $38,561,442 over the last 90 days. Corporate insiders own 0.80% of the company’s stock.

Aflac Company Profile (Free Report)

Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.

Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.

Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.

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SPARTANBURG, S.C. & MADRID--(BUSINESS WIRE)-- #WeAreAFL--AFL, an industry-leading manufacturer of fiber optic cables, connectivity, equipment and related services, and Alcyon Photonics, a leader in photonic integrated IP (intellectual property) and design, today announced a strategic collaboration to develop advanced, high-efficiency optical coupling solutions for next-generation fiber-to-PIC coupling supporting multi-core connectivity in AI and hyperscale data center applications.The collaboration combines.

Baird Financial Group Inc. raised its stake in Aflac Incorporated (NYSE:AFL – Free Report) by 12.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341,431 shares of the financial services provider’s stock after buying an additional 37,886 shares during the period. Baird Financial Group Inc. owned 0.07% of Aflac worth $40,033,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AFL. California State Teachers Retirement System boosted its stake in shares of Aflac by 11,094.0% during the second quarter. California State Teachers Retirement System now owns 86,458,157 shares of the financial services provider’s stock valued at $10,137,219,000 after purchasing an additional 85,685,796 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Aflac during the second quarter worth about $4,093,787,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Aflac by 27.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,201,217 shares of the financial services provider’s stock valued at $609,843,000 after buying an additional 1,132,091 shares during the period. Dimensional Fund Advisors LP raised its holdings in Aflac by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider’s stock valued at $499,216,000 after buying an additional 67,650 shares during the last quarter. Finally, Norges Bank acquired a new stake in Aflac during the 4th quarter worth approximately $420,078,000. Institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth A number of research firms have weighed in on AFL. Mizuho set a $116.00 target price on shares of Aflac in a report on Monday, August 10th. Wall Street Zen lowered shares of Aflac from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Piper Sandler reissued an “overweight” rating and issued a $138.00 price objective (up from $130.00) on shares of Aflac in a research note on Monday, August 10th. Morgan Stanley raised their target price on Aflac from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Finally, Wolfe Research assumed coverage on Aflac in a report on Wednesday, August 19th. They set an “underperform” rating and a $103.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $116.62.

View Our Latest Analysis on AFL Insider Activity In other news, major shareholder Post Holdings Co. Ltd. Japan sold 53,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $117.74, for a total transaction of $6,240,220.00. Following the completion of the sale, the insider owned 51,014,735 shares of the company’s stock, valued at $6,006,474,898.90. This trade represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 415,215 shares of company stock worth $48,860,736. 0.80% of the stock is currently owned by corporate insiders.

Key Stories Impacting Aflac Here are the key news stories impacting Aflac this week:

Positive Sentiment: Aflac said its more than 30-year commitment to childhood cancer and sickle cell disease support has surpassed $200 million in contributions. The milestone strengthens the company’s brand and corporate reputation, although it is unlikely to have a material near-term effect on earnings. Aflac commemorates National Childhood Cancer and Sickle Cell Disease Awareness Month Neutral Sentiment: Aflac’s latest quarterly results were mixed: revenue of $4.22 billion exceeded estimates, but earnings per share of $1.75 narrowly missed forecasts and declined from $1.78 a year earlier. The company continues to offer a $0.61 quarterly dividend, or $2.44 annually, with a yield of roughly 2.1%. Negative Sentiment: Japan Post Holdings, a major Aflac shareholder, disclosed additional sales of 15,000 shares for approximately $1.76 million after selling 20,000 shares for about $2.37 million in an earlier transaction. The sales were conducted under a pre-arranged Rule 10b5-1 plan and reduced its stake by only 0.03%–0.04%, limiting the fundamental significance but potentially weighing on sentiment. Major AFLAC Stakeholder Quietly Executes Multi-Million Dollar Move Negative Sentiment: An analysis argued that Aflac remains a consistent compounder but is fully valued, potentially limiting upside from current levels. Analyst views are mixed, with a consensus “Hold” rating and an average price target near $116.62. Aflac: Scrooge Keeps Compounding, But The Stock Is Fully Valued Aflac Trading Down 0.3% AFL opened at $114.79 on Thursday. Aflac Incorporated has a twelve month low of $105.43 and a twelve month high of $130.22. The company has a fifty day moving average of $121.32 and a 200-day moving average of $116.32. The stock has a market cap of $57.55 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 1.86 and a beta of 0.59. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL – Get Free Report) last released its earnings results on Thursday, August 6th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.01). Aflac had a net margin of 26.91% and a return on equity of 13.27%. The firm had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the previous year, the firm earned $1.78 EPS. Aflac’s quarterly revenue was down 1.0% on a year-over-year basis. On average, sell-side analysts predict that Aflac Incorporated will post 7.04 EPS for the current year.

Aflac Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were paid a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.44 annualized dividend and a yield of 2.1%. Aflac’s payout ratio is 26.15%.

Aflac Company Profile (Free Report)

Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.

Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.

Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.

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HB Wealth Management LLC raised its stake in shares of Aflac Incorporated (NYSE:AFL – Free Report) by 7.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,812 shares of the financial services provider’s stock after purchasing an additional 4,736 shares during the period. HB Wealth Management LLC’s holdings in Aflac were worth $8,420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC bought a new stake in shares of Aflac in the 1st quarter valued at about $25,000. Groupe la Francaise bought a new position in shares of Aflac during the first quarter worth about $25,000. Quarry LP bought a new position in shares of Aflac during the fourth quarter worth about $25,000. Archer Investment Corp acquired a new position in shares of Aflac in the second quarter worth approximately $26,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of Aflac in the second quarter worth approximately $27,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Aflac Here are the key news stories impacting Aflac this week:

Positive Sentiment: Aflac partnered with actor Ben Affleck and its iconic duck for a new advertising campaign, including branded billboards and social-media activity in Los Angeles. The campaign could increase consumer awareness and support future policy sales, although its direct financial impact is uncertain. Ben Affleck and the Aflac Duck Unite for New Ad Campaign Positive Sentiment: Aflac remains attractive to income-focused and defensive investors. The company pays a quarterly dividend of $0.61 per share, equivalent to $2.44 annually, with an approximately 2.1% yield and a payout ratio near 26%. A recent dividend-focused article also recognized Aflac’s long record of annual increases. Safe High-Yield Dividend Stocks Neutral Sentiment: The Ben Affleck billboard activity appears to be a planned publicity campaign rather than actual vandalism. It may generate short-term brand engagement, but no revenue, earnings guidance or other measurable financial benefit was announced. Ben Affleck Aflac Advertising Campaign Negative Sentiment: Japan Post Holdings, a major Aflac shareholder, sold 13,500 shares for approximately $1.58 million on September 2 and has reported several similar sales in recent weeks. The latest transaction reduced its stake by only about 0.03% and was executed under a pre-arranged Rule 10b5-1 plan, limiting its significance, but the repeated selling may create a modest supply overhang. Aflac Major Shareholder SEC Filing Insider Buying and Selling at Aflac In related news, major shareholder Post Holdings Co. Ltd. Japan sold 13,500 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $117.19, for a total transaction of $1,582,065.00. Following the transaction, the insider owned 50,687,690 shares in the company, valued at $5,940,090,391.10. The trade was a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 468,015 shares of company stock valued at $54,991,090. Insiders own 0.80% of the company’s stock. Analysts Set New Price Targets A number of research firms have weighed in on AFL. Jefferies Financial Group reissued a “hold” rating and set a $108.00 target price (up from $100.00) on shares of Aflac in a research report on Friday, July 10th. TD Cowen restated a “hold” rating and issued a $110.00 price target (up from $101.00) on shares of Aflac in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. dropped their price target on shares of Aflac from $117.00 to $116.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods increased their price objective on shares of Aflac from $120.00 to $125.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings raised shares of Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, August 21st. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Aflac presently has an average rating of “Hold” and an average price target of $116.62.

View Our Latest Report on AFL

Aflac Stock Down 0.1% Shares of Aflac stock opened at $117.09 on Monday. The stock’s 50-day moving average is $121.49 and its 200 day moving average is $116.28. Aflac Incorporated has a one year low of $104.66 and a one year high of $130.22. The firm has a market cap of $58.70 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.89 and a beta of 0.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12.

Aflac (NYSE:AFL – Get Free Report) last issued its earnings results on Thursday, August 6th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.01). Aflac had a return on equity of 13.27% and a net margin of 26.91%.The business had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts anticipate that Aflac Incorporated will post 7.04 EPS for the current year.

Aflac Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were paid a $0.61 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. Aflac’s payout ratio is currently 26.15%.

About Aflac (Free Report)

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.

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The long-awaited partnership brings Ben Affleck and the Aflac Duck together on screen for the first time in a series of advertisement spots directed by Affleck.

, /PRNewswire/ -- Two famous names have long been blurred together in pop culture: Aflac and Affleck. Today, the coincidence gets an official title card as Aflac, the leading provider of supplemental health insurance in the U.S.1 and Artists Equity, the artist-led studio founded by Ben Affleck, Matt Damon and Gerry Cardinale, officially unveil a new partnership to bring The Man and The Duck to the screen together for the first time.

Ben Affleck appears alongside the Aflac Duck in Aflac's new campaign.

Ben Affleck, Dawn Staley, Coach Prime, Nick Saban and the Aflac Duck appear in "Green Room," the first commercial in Aflac's new campaign, developed in partnership with Artists Equity. First teased last week through graffiti-tagged billboards across Los Angeles that Affleck marked up himself, the new 360-brand campaign features Affleck and the Aflac Duck in a series of commercials that combine entertainment and education to help Affleck and consumers understand what the Aflac name stands for: Providing added financial protection for expenses health insurance doesn't cover. 

"Few brands have the recognition, trust and cultural relevance to create a partnership like this," said Aflac President Virgil Miller. "That's the power of the Aflac brand. Bringing together Aflac, Ben Affleck and Artists Equity creates an opportunity to reach consumers in a memorable way while reinforcing who we are as a company and the value we provide every day. It's a bold collaboration that elevates the strength, relevance and momentum of our brand."

The first spot, "Green Room," opens in a backstage green room before a shoot where the Aflac Duck and Aflac's longtime partners, coaches Nick Saban, Deion "Coach Prime" Sanders and Dawn Staley, give Affleck an impromptu crash course on what Aflac actually does and how supplemental coverage helps Americans when they need it most.

"Americans have been making the connection between Aflac and Affleck for years. Some ideas require a leap of imagination. This one was sitting right in front of us," said Aflac Senior Vice President and Chief Marketing Officer Garth Knutson. "We think consumers are going to love it, but more importantly, we hope it inspires millions of Americans to take a fresh look at Aflac and the ways we can help with expenses health insurance doesn't cover."

Driven by consumers playfully linking the Aflac and Affleck names for years, Aflac and Artists Equity decided it was time to lean into it. The outcome is a new campaign that turns the name confusion into an entertaining way to spotlight a serious topic: The financial challenges that accompany a health event and how Aflac can help provide supplemental financial protection.

"What started as a coincidental word play ended up being a true connection between an iconic brand and an iconic man. Up until this point, Affleck and Aflac have just been two ships passing in the cultural night," said Brandon Pierce, Co-President of Advertising at Artists Equity. "We saw this as a once-in-a-lifetime opportunity to bring the low-hanging fruit to life by creating an authentic campaign that's just downright entertaining, and will feel to audiences like, 'Wait, how has this never existed before?' when it hits the airwaves."

"Green Room" will air during College GameDay ahead of the Aflac Kickoff Game, taking place this Saturday, September 5. Produced and created by Artists Equity and directed by Affleck and Co-President of Advertising at Artists Equity Brandon Pierce, "Green Room" marks the beginning of a long-term creative partnership between Artists Equity and Aflac. Through a series of campaign commercials and supporting content rolling out across linear, digital and social platforms into next year, the organizations will work together to bring greater attention to the importance of supplemental insurance for Americans nationwide.

Built on a shared desire to connect with consumers in a meaningful way, Affleck and Artists Equity immersed themselves in Aflac's business, positioning Affleck as a strategic partner in the brand's marketing rather than just a recognizable face. Together, Artists Equity and Aflac have reimagined the brand's iconic campaigns for a new era, reinforcing Aflac's position as the leading provider of supplemental insurance in the U.S.

"Audiences have long decided that most advertising is built to be skipped, so we make advertising the way a studio makes a film: Attention has to be earned, which means we need to entertain," said Josh Jefferis, Co-President of Advertising at Artists Equity. "Aflac already has one of the most recognizable brand icons ever created. Our job was to build a story worthy of the Aflac Duck, one with a costar who could keep up with the iconic quack. The Aflac team has been incredible to work with, and this is just the beginning."

Watch the new commercial here and see the extended story here.

ABOUT AFLAC INCORPORATED
Aflac Incorporated (NYSE: AFL), a Fortune 500 company, has helped provide financial protection and peace of mind for more than seven decades to millions of policyholders and customers through its subsidiaries in the U.S. and Japan. In the U.S., Aflac is the No. 1 provider of supplemental health insurance products.1 In Japan, Aflac Life Insurance Japan is the leading provider of cancer and medical insurance in terms of policies in force.2 The company takes pride in being there for its policyholders when they need us most, as well as being 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). In addition, the company became a signatory of the Principles for Responsible Investment (PRI) in 2021. To find out how to get help with expenses health insurance doesn't cover, get to know us at aflac.com or aflac.com/español. Investors may learn more about Aflac Incorporated and its commitment to corporate social responsibility and sustainability at investors.aflac.com under "Sustainability."

1 LIMRA 2025 U.S. Supplemental Health Insurance Total Market Report
2 As of March 31, 2025, Aflac estimates based on company data

Media contact: Adrienne Bentley, [email protected]
Analyst and investor contact: David A. Young, 706-596-3264, 800-235-2667 or [email protected]

ABOUT ARTISTS EQUITY
Artists Equity is an independent, artist-led studio reimagining the relationship between talent, studio, brands, and distributors. Across Scripted, Unscripted, and Brand Studio divisions, the company prioritizes talent through an innovative model that allows all parties to realize the value they bring to a project. It was co-founded in November 2022 by Ben Affleck, Matt Damon, and Gerry Cardinale of RedBird Capital. Artists Equity's latest scripted film is the Netflix global chart-topper The Rip, starring Affleck, Damon, Steven Yeun, and Teyana Taylor. Other titles include The Accountant 2, The Instigators, Unstoppable, and Air, as well as the upcoming Animals, directed by Affleck, who stars alongside Kerry Washington, Gillian Anderson, and Steven Yeun. Artists Equity's documentaries include the acclaimed Kiss the Future, Believers: Boston Red Sox, The Merchants of Joy, and The Python Hunt. Its Brand Studio division has produced four consecutive Super Bowl campaigns for Dunkin', and one for Stella Artois. Artists Equity has multi-year film deals with Sony Pictures for theatrical and Netflix for streaming.

WWHQ | 1932 Wynnton Road | Columbus, GA 31999

SOURCE Aflac

, /PRNewswire/ -- Aflac Incorporated (NYSE: AFL) announced today that Senior Executive Vice President and Aflac Incorporated Chief Financial Officer Max K. Brodén will participate in a fireside chat at the 2026 KBW Insurance Conference on September 10, 2026, at 9:50 a.m. ET.

The presentation will be webcast live. Please click on the following link at least 15 minutes prior to the presentation to allow time to register or sign in.

https://event.summitcast.com/view/dr6kKG4gxq5xKRkCRUALdM/Hbyn9XeauhvBtNij8uArW9

A replay of the presentation will be available within 24 hours after the conclusion of the live event using the same web address.

ABOUT AFLAC INCORPORATED 
Aflac Incorporated (NYSE: AFL), a Fortune 500 company, has helped provide financial protection and peace of mind for more than seven decades to millions of policyholders and customers through its subsidiaries in the U.S. and Japan. In the U.S., Aflac is the No. 1 provider of supplemental health insurance products.1 In Japan, Aflac Life Insurance Japan is the leading provider of cancer and medical insurance in terms of policies in force.2 The company takes pride in being there for its policyholders when they need us most, as well as being 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). In addition, the company became a signatory of the Principles for Responsible Investment (PRI) in 2021. To find out how to get help with expenses health insurance doesn't cover, get to know us at aflac.com or aflac.com/espanol.

1 LIMRA 2025 U.S. Supplemental Health Insurance Total Market Report
2 As of March 31, 2025, Aflac estimates based on company data 

Aflac Incorporated periodically provides information for investors on its corporate website, investors.aflac.com, including information regarding its commitment to corporate social responsibility and sustainability, press releases, financial information, SEC filings, corporate governance materials, annual meeting information, and other information that may be important to investors.

FORWARD-LOOKING INFORMATION
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" to encourage companies to provide prospective information, so long as those informational statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those included in the forward-looking statements. Aflac Incorporated (the Parent Company) and its subsidiaries (collectively with the Parent Company, the Company) desire to take advantage of these provisions. This document contains cautionary statements identifying important factors that could cause actual results to differ materially from those projected herein, and in any other statements made by Company officials in communications with the financial community and contained in documents filed with or furnished to the Securities and Exchange Commission (SEC). Forward-looking statements are not based on historical information and relate to future operations, strategies, financial results or other developments. Furthermore, forward-looking information is subject to numerous assumptions, risks and uncertainties. In particular, statements containing words such as "expect," "anticipate," "believe," "goal," "objective," "strategy," "may," "should," "estimate," "intend," "project," "future," "will," "assume," "potential," "target," "outlook," "continue" or similar words as well as specific projections of future results, generally qualify as forward-looking. The Company undertakes no obligation to update such forward-looking statements, except as may be required by law.

The Company cautions readers that the following factors, in addition to other factors mentioned from time to time, could cause actual results to differ materially from those contemplated by the forward-looking statements:

difficult conditions in global capital markets and the economy, including inflation defaults and credit downgrades of investments global fluctuations in interest rates and exposure to significant interest rate risk concentration of business in Japan limited availability of acceptable Japanese yen-denominated investments foreign currency fluctuations in the yen/dollar exchange rate differing interpretations applied to investment valuations significant valuation judgments in determination of expected credit losses recorded on the Company's investments decreases in the Company's financial strength or debt ratings decline in creditworthiness of other financial institutions the Company's ability to attract and retain qualified sales associates, brokers, employees, and distribution partners deviations in actual experience from pricing and reserving assumptions ability to continue to develop and implement improvements in information technology systems and on successful execution of revenue growth and expense management initiatives interruption in telecommunication, information technology and other operational systems, or a failure to maintain the security, confidentiality, integrity or privacy of sensitive data residing on such systems, and uncertainty regarding the impact of the incident involving unauthorized access to the Company's network in June 2025 subsidiaries' ability to pay dividends to the Parent Company inherent limitations to risk management policies and procedures operational risks of third-party vendors tax rates applicable to the Company may change failure to comply with restrictions on policyholder privacy and information security extensive regulation and changes in law or regulation by governmental authorities competitive environment and ability to anticipate and respond to market trends catastrophic events, including, but not limited to, epidemics, pandemics, tornadoes, hurricanes, earthquakes, tsunamis, war or other military action, major public health issues, terrorism or other acts of violence, and damage incidental to such events ability to protect the Aflac brand and the Company's reputation ability to effectively manage key executive succession changes in accounting standards level and outcome of litigation or regulatory inquiries allegations or determinations of worker misclassification in the United States Analyst and investor contact – David A. Young, 706.596.3264 or 800.235.2667 or [email protected]

Media contact - Ines Gutzmer, 762.207.7601 or [email protected]

SOURCE Aflac Incorporated

Biondo Investment Advisors LLC bought a new position in shares of Aflac Incorporated (NYSE:AFL – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 71,250 shares of the financial services provider’s stock, valued at approximately $8,354,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Aflac by 64.4% in the 4th quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock valued at $1,507,000 after buying an additional 5,708 shares in the last quarter. Bison Wealth LLC boosted its stake in shares of Aflac by 4.3% in the 4th quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 183 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Aflac in the 2nd quarter valued at approximately $280,000. Sei Investments Co. grew its holdings in shares of Aflac by 11.2% during the 2nd quarter. Sei Investments Co. now owns 150,334 shares of the financial services provider’s stock valued at $15,854,000 after purchasing an additional 15,105 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its stake in shares of Aflac by 1.6% during the second quarter. Main Street Financial Solutions LLC now owns 11,953 shares of the financial services provider’s stock worth $1,261,000 after buying an additional 192 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth Several research firms have recently weighed in on AFL. Mizuho set a $116.00 price target on Aflac in a report on Monday, August 10th. TD Cowen reissued a “hold” rating and issued a $110.00 price objective (up from $101.00) on shares of Aflac in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. Piper Sandler reaffirmed an “overweight” rating and set a $138.00 price target (up from $130.00) on shares of Aflac in a research note on Monday, August 10th. Finally, UBS Group restated a “neutral” rating and set a $124.00 price objective (up from $114.00) on shares of Aflac in a report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Aflac currently has an average rating of “Hold” and an average target price of $116.62.

Read Our Latest Stock Analysis on Aflac Aflac Stock Performance Shares of Aflac stock opened at $116.12 on Monday. The firm has a market capitalization of $58.22 billion, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 1.87 and a beta of 0.60. Aflac Incorporated has a 12 month low of $104.66 and a 12 month high of $130.22. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $121.55 and its 200 day simple moving average is $116.15.

Aflac (NYSE:AFL – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.01). The company had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.11 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%.The business’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.78 EPS. As a group, analysts anticipate that Aflac Incorporated will post 7.04 EPS for the current year.

Aflac Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Aflac’s dividend payout ratio is currently 26.15%.

Aflac News Roundup Here are the key news stories impacting Aflac this week:

Positive Sentiment: Aflac’s quarterly dividend is $0.61 per share, or $2.44 annualized, providing a yield of roughly 2.1%. The company has a long record of dividend growth and a relatively low payout ratio of about 26%, supporting its appeal as a defensive income stock. Neutral Sentiment: Recent earnings were mixed: quarterly revenue of $4.22 billion exceeded analyst expectations of $4.11 billion, but earnings per share of $1.75 narrowly missed the $1.76 consensus. Revenue declined 1% year over year and EPS fell from $1.78 in the prior-year quarter, limiting fundamental momentum. Neutral Sentiment: Wall Street’s overall view remains cautious, with a consensus rating of “Hold” and an average price target near $116.62. Some analysts remain constructive, including Piper Sandler with a $138 target, while others maintain neutral or underweight ratings. Negative Sentiment: Wolfe Research initiated coverage with an “underperform” rating and a $103 price target, implying meaningful downside from recent trading levels. The call adds to existing concerns from Barclays and JPMorgan, which also have cautious ratings or targets. Wolfe Research Starts Aflac at Underperform Negative Sentiment: Japan Post Holdings, Aflac’s major shareholder, sold another 12,700 shares on August 19 for approximately $1.49 million, following sales of 14,200 shares on August 18 and 13,900 shares on August 17. The transactions were conducted under a pre-arranged Rule 10b5-1 plan and represent only a small reduction in its stake, but the repeated selling may weigh on investor sentiment. Aflac SEC Insider Filing Insider Activity In related news, Director Joseph L. Moskowitz sold 600 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $124.10, for a total transaction of $74,460.00. Following the sale, the director owned 32,710 shares of the company’s stock, valued at approximately $4,059,311. This represents a 1.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $117.05, for a total value of $1,486,535.00. Following the transaction, the insider directly owned 50,817,790 shares of the company’s stock, valued at $5,948,222,319.50. The trade was a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 497,625 shares of company stock worth $58,356,483. Insiders own 0.80% of the company’s stock.

Aflac Profile (Free Report)

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.

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B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Aflac Incorporated (NYSE:AFL – Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 39,389 shares of the financial services provider’s stock, valued at approximately $4,618,000.

Several other institutional investors and hedge funds have also made changes to their positions in AFL. DNB Asset Management AS grew its stake in Aflac by 51.3% in the 4th quarter. DNB Asset Management AS now owns 168,003 shares of the financial services provider’s stock worth $18,526,000 after acquiring an additional 56,975 shares during the period. Employees Retirement System of Texas acquired a new stake in shares of Aflac during the fourth quarter worth $3,743,000. Atlas Wealth LLC purchased a new stake in shares of Aflac in the first quarter valued at $1,802,000. D.A. Davidson & CO. grew its position in shares of Aflac by 77.3% in the fourth quarter. D.A. Davidson & CO. now owns 63,646 shares of the financial services provider’s stock valued at $7,018,000 after purchasing an additional 27,751 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Aflac by 4.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,072,717 shares of the financial services provider’s stock valued at $118,256,000 after purchasing an additional 46,262 shares during the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Aflac Stock Performance Aflac stock opened at $116.12 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. Aflac Incorporated has a 12 month low of $104.66 and a 12 month high of $130.22. The company has a fifty day moving average price of $121.55 and a two-hundred day moving average price of $116.12. The company has a market cap of $58.22 billion, a PE ratio of 12.45, a P/E/G ratio of 1.87 and a beta of 0.60.

Aflac (NYSE:AFL – Get Free Report) last issued its earnings results on Thursday, August 6th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.01). Aflac had a return on equity of 13.27% and a net margin of 26.91%.The business had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period last year, the company posted $1.78 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Research analysts expect that Aflac Incorporated will post 7.04 earnings per share for the current year. Aflac Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, August 19th. Aflac’s dividend payout ratio is presently 26.15%.

Insiders Place Their Bets In other Aflac news, Director Joseph L. Moskowitz sold 600 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $124.10, for a total value of $74,460.00. Following the sale, the director directly owned 32,710 shares in the company, valued at approximately $4,059,311. This trade represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Post Holdings Co. Ltd. Japan sold 12,700 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $117.05, for a total transaction of $1,486,535.00. Following the completion of the sale, the insider directly owned 50,817,790 shares in the company, valued at approximately $5,948,222,319.50. This trade represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 497,625 shares of company stock worth $58,356,483 over the last quarter. 0.80% of the stock is currently owned by company insiders.

Key Headlines Impacting Aflac Here are the key news stories impacting Aflac this week:

Positive Sentiment: Aflac’s quarterly dividend is $0.61 per share, or $2.44 annualized, providing a yield of roughly 2.1%. The company has a long record of dividend growth and a relatively low payout ratio of about 26%, supporting its appeal as a defensive income stock. Neutral Sentiment: Recent earnings were mixed: quarterly revenue of $4.22 billion exceeded analyst expectations of $4.11 billion, but earnings per share of $1.75 narrowly missed the $1.76 consensus. Revenue declined 1% year over year and EPS fell from $1.78 in the prior-year quarter, limiting fundamental momentum. Neutral Sentiment: Wall Street’s overall view remains cautious, with a consensus rating of “Hold” and an average price target near $116.62. Some analysts remain constructive, including Piper Sandler with a $138 target, while others maintain neutral or underweight ratings. Negative Sentiment: Wolfe Research initiated coverage with an “underperform” rating and a $103 price target, implying meaningful downside from recent trading levels. The call adds to existing concerns from Barclays and JPMorgan, which also have cautious ratings or targets. Wolfe Research Starts Aflac at Underperform Negative Sentiment: Japan Post Holdings, Aflac’s major shareholder, sold another 12,700 shares on August 19 for approximately $1.49 million, following sales of 14,200 shares on August 18 and 13,900 shares on August 17. The transactions were conducted under a pre-arranged Rule 10b5-1 plan and represent only a small reduction in its stake, but the repeated selling may weigh on investor sentiment. Aflac SEC Insider Filing Analyst Upgrades and Downgrades AFL has been the topic of several recent analyst reports. Barclays reiterated an “underweight” rating and set a $99.00 price objective (up from $98.00) on shares of Aflac in a report on Friday, August 7th. Piper Sandler reiterated an “overweight” rating and issued a $138.00 price target (up from $130.00) on shares of Aflac in a report on Monday, August 10th. Wall Street Zen cut shares of Aflac from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Wolfe Research assumed coverage on Aflac in a report on Wednesday. They set an “underperform” rating and a $103.00 price objective for the company. Finally, Keefe, Bruyette & Woods upped their price objective on Aflac from $120.00 to $125.00 and gave the stock a “market perform” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $116.62.

Check Out Our Latest Stock Analysis on Aflac

Aflac Profile (Free Report)

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.

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BlackRock Inc. purchased a new position in shares of Aflac Incorporated (NYSE:AFL – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,915,032 shares of the financial services provider’s stock, valued at approximately $4,093,787,000. BlackRock Inc. owned approximately 6.86% of Aflac as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AFL. Whipplewood Advisors LLC purchased a new stake in shares of Aflac during the first quarter worth $25,000. Groupe la Francaise purchased a new position in Aflac in the first quarter valued at $25,000. Quarry LP acquired a new position in Aflac during the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC acquired a new position in Aflac during the 4th quarter worth $29,000. Finally, Evergreen Advisors LLC purchased a new stake in Aflac during the 1st quarter worth about $29,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Insider Buying and Selling In other news, Director Joseph L. Moskowitz sold 600 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $124.10, for a total value of $74,460.00. Following the completion of the sale, the director directly owned 32,710 shares of the company’s stock, valued at approximately $4,059,311. This represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Post Holdings Co. Ltd. Japan sold 14,100 shares of Aflac stock in a transaction on Friday, August 14th. The shares were sold at an average price of $121.43, for a total transaction of $1,712,163.00. Following the completion of the transaction, the insider directly owned 50,858,590 shares in the company, valued at $6,175,758,583.70. The trade was a 0.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 523,833 shares of company stock valued at $61,339,113. 0.80% of the stock is owned by company insiders.

Analysts Set New Price Targets A number of equities research analysts have issued reports on the company. Barclays reaffirmed an “underweight” rating and issued a $99.00 price target (up from $98.00) on shares of Aflac in a research report on Friday, August 7th. Keefe, Bruyette & Woods upped their target price on shares of Aflac from $120.00 to $125.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 11th. Wall Street Zen cut shares of Aflac from a “hold” rating to a “sell” rating in a report on Saturday. Mizuho set a $116.00 price target on shares of Aflac in a research note on Monday, August 10th. Finally, Morgan Stanley boosted their price target on shares of Aflac from $120.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $117.58. View Our Latest Report on Aflac

Aflac Price Performance Shares of AFL opened at $121.74 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. Aflac Incorporated has a 1-year low of $104.66 and a 1-year high of $130.22. The stock has a market cap of $61.03 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 1.96 and a beta of 0.60. The firm has a fifty day moving average price of $121.60 and a 200 day moving average price of $116.04.

Aflac (NYSE:AFL – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.01). Aflac had a return on equity of 13.27% and a net margin of 26.91%.The firm had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the previous year, the business posted $1.78 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Aflac Incorporated will post 7.04 EPS for the current year.

Aflac Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be paid a $0.61 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.44 dividend on an annualized basis and a yield of 2.0%. Aflac’s payout ratio is currently 26.15%.

Aflac Company Profile (Free Report)

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.

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Posted by Defense World Staff on Aug 15th, 2026

BIP Wealth LLC acquired a new position in Aflac Incorporated (NYSE:AFL – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 51,542 shares of the financial services provider’s stock, valued at approximately $6,043,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Aflac by 13.4% in the 4th quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider’s stock valued at $6,301,056,000 after buying an additional 6,759,169 shares during the period. Dimensional Fund Advisors LP grew its holdings in Aflac by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider’s stock worth $499,216,000 after acquiring an additional 67,650 shares during the period. Norges Bank acquired a new stake in Aflac during the fourth quarter worth about $420,078,000. Amundi raised its position in Aflac by 22.6% during the first quarter. Amundi now owns 3,268,209 shares of the financial services provider’s stock valued at $358,555,000 after acquiring an additional 603,426 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Aflac by 161.9% during the first quarter. First Trust Advisors LP now owns 3,184,801 shares of the financial services provider’s stock valued at $349,405,000 after acquiring an additional 1,968,738 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Aflac Stock Performance Shares of NYSE:AFL opened at $121.38 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.11. Aflac Incorporated has a 1 year low of $104.66 and a 1 year high of $130.22. The firm has a market capitalization of $60.85 billion, a PE ratio of 13.01, a P/E/G ratio of 1.95 and a beta of 0.60. The business’s 50 day moving average price is $121.36 and its 200-day moving average price is $115.82.

Aflac (NYSE:AFL – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.01). The firm had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.11 billion. Aflac had a net margin of 26.91% and a return on equity of 13.27%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 earnings per share. As a group, equities research analysts expect that Aflac Incorporated will post 7.04 earnings per share for the current fiscal year.

Aflac Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be given a dividend of $0.61 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.44 dividend on an annualized basis and a yield of 2.0%. Aflac’s dividend payout ratio (DPR) is presently 26.15%.

Analyst Upgrades and Downgrades AFL has been the subject of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $138.00 target price (up from $130.00) on shares of Aflac in a report on Monday. Wall Street Zen downgraded shares of Aflac from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group restated a “neutral” rating and set a $124.00 price target (up from $114.00) on shares of Aflac in a research report on Wednesday, July 8th. Weiss Ratings cut shares of Aflac from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, August 7th. Finally, TD Cowen reiterated a “hold” rating and issued a $110.00 price objective (up from $101.00) on shares of Aflac in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $117.58.

Read Our Latest Stock Report on AFL

Insider Buying and Selling In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $118.12, for a total transaction of $7,441,560.00. Following the transaction, the insider owned 51,169,435 shares of the company’s stock, valued at approximately $6,044,133,662.20. The trade was a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 620,033 shares of company stock worth $72,650,201 in the last quarter. Company insiders own 0.80% of the company’s stock.

Aflac Company Profile (Free Report)

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.

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SPARTANBURG, S.C.--(BUSINESS WIRE)-- #WeAreAFL--AFL, an industry-leading manufacturer of fiber optic cables, connectivity, equipment and related services announces the launch of AFL Integria, a division dedicated to delivering integrated infrastructure solutions across Canada. With more than 1.25 million Canadian homes connected through its work, AFL Integria is the country's end-to-end connectivity partner, handling everything from network engineering and construction to premise installation and multi-dwe.

Company recently launched book, "Beyond Words," leads learning initiative designed to promote kindness and compassion through reading

Aflac is expanding its support for children with cancer and blood disorders through social-emotional learning resources. Aflac is providing free books for educators and matching donations to support social-emotional learning-focused classroom projects on DonorsChoose. , /PRNewswire/ -- As an extension of Aflac's long-term commitment to children and families facing cancer and blood disorders, the company today announced a new initiative to help U.S. educators teach students kindness and empathy through one of the most powerful tools available: reading. According to the International Journal on Studies in English Language and Literature (IJSELL), kindness can be explicitly and implicitly developed through sharing and discussing stories presented in children's literature.1

"Beyond Words," published

Renowned Educator Ron Clark The company is providing educators with complimentary copies of "Beyond Words," an original children's book created by Aflac and written by bestselling children's author Sheri Fink. Published in late 2025, "Beyond Words" tells the story of Buddy the bear, whose friend is returning to the classroom after a stay in the hospital. Buddy uses imaginary space travel to find the words and actions he can take to welcome his friend back to school. Through the book's pages, children learn that sometimes empathy is more about what you do than what you say — or, beyond words.

This dual-pronged program includes a collaboration with DonorsChoose — an education nonprofit ensuring every U.S. public school student has the classroom resources they need to learn, grow and thrive — as well as renowned educator and bestselling author Ron Clark. Aflac is committing $25,000 to match donations for social-emotional learning projects that include books.

"A resource like 'Beyond Words' is exactly what teachers need to help their students express compassion in a healthy and productive way. Through exciting illustrations and vibrant colors, the book not only says, but models empathy and kindness," said Ron Clark, cofounder, The Ron Clark Academy. "As an educator, I know that reading, combined with passion and a desire to learn, is among the most effective learning tools we have to support the development of social-emotional skills in our students."

This initiative represents the latest chapter in Aflac's decades-long commitment to support families navigating childhood cancer and sickle cell disease. For more than 30 years, Aflac has contributed more than $200 million — a number that continues to grow — to help fund crucial research and advocacy through its partnership with the Aflac Cancer and Blood Disorders Center of Children's Healthcare of Atlanta. That commitment expanded in 2018 with My Special Aflac Duck®, a robotic companion that has brought comfort to more than 47,000 children with cancer and sickle cell disease across the U.S., Japan and Northern Ireland. With "Beyond Words," Aflac continues to recognize that promoting emotional support — expressed through acts of compassion — is a vital part of caring for these children.

"We understand that healing requires more than medicine, and children facing health challenges like cancer or blood disorders are particularly vulnerable from an emotional standpoint, as well as their physical health," said Ines Gutzmer, senior vice president and chief communications officer at Aflac. "We're working with DonorsChoose and Ron Clark to share the empathetic message of 'Beyond Words' and provide educators with additional resources to help their students develop emotional intelligence that will serve them throughout their lives."

Educators can request free copies of "Beyond Words" and the corresponding Conversation Companion that includes helpful guidance on how to use the book for good at Aflac.com/BeyondWords while supplies last. This site also directs donors to eligible DonorsChoose social-emotional learning projects where they can contribute to Aflac's $25,000 match.

"Partners like Aflac help close critical fundraising gaps helping teachers to access the resources that their students need to learn," said Bianca Carbajal, Manager of Corporate and Foundation Giving at DonorsChoose. "We're grateful to Aflac for their meaningful contribution and look forward to seeing the impact that 'Beyond Words' will have on children and families."

For more information about "Beyond Words," visit Aflac.com/BeyondWords. One hundred percent of net proceeds from the book's sales benefit the research and treatment of childhood cancer and blood disorders through the Aflac Childhood Cancer Foundation.

ABOUT AFLAC INCORPORATED
Aflac Incorporated (NYSE: AFL), a Fortune 500 company, has helped provide financial protection and peace of mind for more than seven decades to millions of policyholders and customers through its subsidiaries in the U.S. and Japan. In the U.S., Aflac is the No. 1 provider of supplemental health insurance products.2 In Japan, Aflac Life Insurance Japan is the leading provider of cancer and medical insurance in terms of policies in force.3 The company takes pride in being there for its policyholders when they need us most, as well as being 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). In addition, the company became a signatory of the Principles for Responsible Investment (PRI) in 2021. To find out how to get help with expenses health insurance doesn't cover, get to know us at aflac.com or aflac.com/español. Investors may learn more about Aflac Incorporated and its commitment to corporate social responsibility and sustainability at investors.aflac.com under "Sustainability."

ABOUT DONORSCHOOSE
DonorsChoose is an education nonprofit ensuring every US public school student has the classroom resources they need to learn, grow, and thrive. Founded by a teacher in 2000, DonorsChoose connects educators with a nationwide community of supporters who believe investing in students today will transform tomorrow. Educators request the materials they know their students need, and donors can choose the classroom, community, or cause they want to support. Since its founding, donors have supported 90% of US public schools. Every request is vetted, resources are delivered to classrooms, and donors can see the impact of their support through transparent reporting and updates from students and teachers. Raising $1.9 billion for classrooms, DonorsChoose has earned top ratings from Charity Navigator, GuideStar, and CharityWatch for their transparency, trust, and impact. Learn more at www.donorschoose.org.

Frequently Asked Questions

What is "Beyond Words"?
"Beyond Words" is an original children's book created by Aflac and written by bestselling author Sheri Fink. The story follows Buddy the bear as he learns how to welcome a classmate back to school after a hospital stay, demonstrating that empathy is often expressed through actions as much as words.

What is the goal of Aflac's new initiative with DonorsChoose and Ron Clark?
Aflac's initiative aims to help educators teach kindness, empathy and emotional intelligence through reading. By providing free copies of "Beyond Words" and supporting social-emotional learning projects on DonorsChoose, the company hopes to encourage meaningful conversations and compassionate behaviors among students.

How does this initiative connect to Aflac's philanthropic mission?
The initiative reflects Aflac's broader commitment to supporting children and families affected by cancer and blood disorders. In addition to funding research, treatment and support programs, Aflac is helping address the emotional and social challenges these children may face when returning to school and interacting with peers.

How does the DonorsChoose partnership work?
Aflac is providing $25,000 in matching funds for eligible DonorsChoose social-emotional learning projects that include books. Donors who support qualifying projects can have their contributions matched until the funding is exhausted.

How can educators receive free copies of "Beyond Words"?
Educators can request complimentary copies of "Beyond Words" and the accompanying Conversation Companion guide at Aflac.com/BeyondWords while supplies last. The resources are designed to help teachers facilitate discussions about empathy and kindness in the classroom.

1 IJSELL, Teach Kindness: Using Children's Literature to Foster Empathy and Understanding, 2.pdf accessed 7-23-26

2 LIMRA 2025 U.S. Supplemental Health Insurance Total Market Report

3 As of March 31, 2025, Aflac estimates based on company data

Media contact: Stephanie A. Wilken, 706-905-5818 or [email protected] 

Analyst and investor contact: David A. Young, 706-596-3264, 800-235-2667 or [email protected]

Aflac WWHQ | 1932 Wynnton Road | Columbus, GA 31999                            

SOURCE Aflac

A Boring Dividend Growth Strategy Becomes a Solid Defensive PlayAflac NYSE: AFL reported second-quarter 2026 net earnings of $1.63 per diluted share and adjusted earnings of $1.75 per diluted share, as the insurer cited continued sales momentum in Japan and growth in its U.S. group insurance operations. Chief Financial Officer Max Brodén said adjusted earnings increased 1.1% year over year to $1.80 per diluted share excluding foreign-currency effects.

Chairman and Chief Executive Officer Dan Amos said the quarter extended a “solid financial start” to the year, supported by operating execution, investment income and capital generation. The company returned $1.3 billion to shareholders during the quarter through $983 million of stock repurchases and $309 million in dividends. For the first six months of 2026, shareholder returns totaled $2.6 billion.

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3 Overlooked Stocks Positioned for the Next Market RotationAmos said Aflac remains committed to extending its record of 43 consecutive annual dividend increases in 2026.

Japan Sales Decline Against Strong Comparison Aflac Japan recorded sales of ¥11 billion in the second quarter, down 5.6% from a year earlier, reflecting a difficult comparison following the prior-year launch of Miraito Cancer Insurance. First-half sales, however, rose 7%, and Amos said the company expects full-year Japan sales to exceed 2025 levels.

MarketBeat Week in Review – 06/08 - 06/12The company cited strong growth from its refreshed Tsumitasu savings-type life product and its Anshin Palette medical insurance product, introduced in December 2025. Tsumitasu accounted for about 20% of total sales, according to Masatoshi Koide, president and representative director of Aflac Life Insurance Japan.

Koide said Tsumitasu has helped broaden Aflac’s customer base among younger consumers and has supported sales of cancer and medical products alongside the savings product. Koichiro Yoshizumi, executive vice president of sales and marketing at Aflac Life Insurance Japan, said concurrent sales of cancer and medical coverage with Tsumitasu have exceeded the company’s initial 25% target.

While medical insurance sales declined sequentially from the first quarter, Yoshizumi said momentum has remained stronger than expected and should continue through the second half. The first-quarter result benefited from extensive preparation surrounding the late-December product launch, he said.

Japan premium persistency was 92.7%, unchanged from the prior quarter. Brodén said the company has experienced elevated lapse-and-reissue activity on recently introduced products, particularly Miraito, but expects that activity to normalize now that the cancer product has been in the market for more than a year.

Japan net earned premiums declined 3.7% in yen terms. Underlying earned premiums, excluding reinsurance, paid-up policies and deferred profit liability effects, declined 1.4%. The Japan benefit ratio was 64%, down 250 basis points year over year. The expense ratio was 20.2%, down 40 basis points despite inflation pressures in Japan. Japan’s pretax margin increased 230 basis points to 34.3%. Brodén said the company now expects Japan’s full-year benefit ratio to land at the high end of its 60% to 63% guidance range, excluding the annual third-quarter actuarial assumption review. He attributed the higher year-to-date ratio partly to fewer lapses of older policies, which carry larger accumulated reserves and would otherwise provide a greater benefit-ratio reduction when they lapse.

U.S. Group Business Gains Momentum In the U.S., Aflac reported a 2.6% year-over-year increase in sales and a 2.3% increase in net earned premiums. Premium persistency improved 20 basis points to 79.4%, while the U.S. pretax margin was 20.9%.

President Virgil Miller said the company’s group life, absence and disability business, together with dental and vision products and group voluntary benefits, generated sales growth of 7.1% in the second quarter. Earned premiums for those group products rose 13%.

Dental and vision sales increased 47%, driven heavily by Aflac’s agency force, Miller said. He added that the company plans to focus in the second half on increasing broker adoption of network dental products while continuing to pair dental and vision sales with voluntary-benefits offerings.

Aflac expects 2026 U.S. net earned premium growth to come in slightly below its previous 3% to 6% guidance range, compared with its earlier expectation for growth at the low end of that range. Brodén said the company still expects its 2025-2027 net earned premium compound annual growth rate to remain within the 3% to 6% range.

The U.S. benefit ratio rose 220 basis points year over year to 49.5%, primarily because of increased incurred group disability claims following favorable results in the prior quarter. The U.S. expense ratio fell 20 basis points to 36.1%.

Portfolio Repositioning and Capital Management Aflac repositioned $4.8 billion of its investment portfolio through switch trades during the quarter. Global Chief Investment Officer Brad Dyslin said the activity was concentrated in Japan and involved harvesting foreign-exchange gains on U.S. dollar assets to offset losses on older, lower-yielding bonds, including Japanese government bonds.

Brodén said the transactions are expected to increase net investment income by more than $50 million on an annualized run-rate basis, while having a limited effect on capital. The company also said the trades improved asset-liability management, reduced the risk of future Financial Services Agency impairments and strengthened portfolio quality.

Aflac ended the quarter with $3.3 billion in unencumbered liquidity, or $2.3 billion above its $1 billion minimum balance. Adjusted leverage was 21.8%, within the company’s 20% to 25% target range. Its estimated regulatory economic solvency ratio was 226%, or 240% including the Undertaking-Specific Parameter, while combined risk-based capital was slightly above 600%.

The company also revised its internal Japan reinsurance target to permit cessions of up to 30% of Financial Services Agency reserves, replacing a prior target of up to 10% of U.S. GAAP assets. Brodén said the expanded capacity is intended to reduce risk, improve balance-sheet efficiency and support higher returns on equity, though the timing and size of future transactions will vary.

Amos said Aflac will continue evaluating acquisition opportunities but will apply a “strenuous test” before pursuing a deal. He said the company has been encouraged by the progress of smaller businesses it previously acquired and would consider larger opportunities if they made financial and strategic sense.

About Aflac (NYSE:AFL)Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac's product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Aflac Incorporated (AFL) Q2 2026 Earnings Call Transcript

Aflac (AFL - Free Report) reported $4.22 billion in revenue for the quarter ended June 2026, representing a year-over-year decline of 6.9%. EPS of $1.75 for the same period compares to $1.78 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $4.19 billion, representing a surprise of +0.89%. The company delivered an EPS surprise of -1.13%, with the consensus EPS estimate being $1.77.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Aflac performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Total Benefit /Premium - Aflac Japan: 64% versus 61.7% estimated by three analysts on average.Total Adjusted Expenses/Total Adjusted Revenue - Aflac U.S.: 36.1% compared to the 37% average estimate based on three analysts.Total Benefit /Premium - Aflac U.S.: 49.5% versus the three-analyst average estimate of 49.2%.Total Adjusted Expenses/Total Adjusted Revenue - Aflac Japan: 20.2% versus the three-analyst average estimate of 20.7%.Total adjusted revenues- Aflac U.S.: $1.77 billion versus the three-analyst average estimate of $1.77 billion. The reported number represents a year-over-year change of +2.5%.Total adjusted revenues- Aflac Japan: $2.16 billion versus the three-analyst average estimate of $2.18 billion. The reported number represents a year-over-year change of -12.6%.Total adjusted revenues- Aflac U.S.- Total net earned premiums: $1.54 billion compared to the $1.54 billion average estimate based on three analysts. The reported number represents a change of +2.3% year over year.Total adjusted revenues- Aflac Japan- Other income: $8 million compared to the $7.91 million average estimate based on three analysts. The reported number represents a change of -33.3% year over year.Revenues- Other income (loss): $34 million versus the four-analyst average estimate of $29.44 million. The reported number represents a year-over-year change of +13.3%.Revenues- Net investment income: $984 million compared to the $918.03 million average estimate based on four analysts. The reported number represents a change of -9% year over year.Revenues- Total net earned premiums: $3.25 billion compared to the $3.25 billion average estimate based on four analysts. The reported number represents a change of -6.3% year over year.Total adjusted revenues- Corporate and other: $291 million versus $295.96 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -13.4% change.View all Key Company Metrics for Aflac here>>>

Shares of Aflac have returned +3.4% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.