AFL
AFLAC INC
NYSE · Financial Services · Insurance - Life · US
$125.30
+1.02%Research · Oct 31, 2026
[AFL] Aflac: Q3 2026 Earnings Test Japan Benefit Ratio After Annual Review
Aflac posted Q2 2026 adjusted EPS of $1.75 with a 64.0% Japan benefit ratio; Q3 tests whether that ratio holds near 63% once the annual review release is stripped out.
Research · Sep 3, 2026
[AFL] Aflac Thesis 2026: Japan Sales Rebound Drives Group to Sustained Premium Growth
Aflac FY25 (Dec 31, 2025) at $17.44B revenue (-9%). NI $3.65B; EPS $6.83 (-29% on FY24 base + reserve normalization). Japan sales +16% (Miraito cancer +35.6%, Anshin Palette). Persistency 93.1%. US NAP $1.6B+. Buyback $3.53B (+26%). FY26 Japan UEP -1-2%, pre-tax margin 33-36%; US NEP +3-6%, benefit ratio 48-52%.