---
schema_version: "secwatch.filing_event.v1"
accession: "0000004977-22-000069"
form_type: "8-K"
ticker: "AFL"
cik: "0000004977"
company_name: "AFLAC INC"
filed_at: "2022-04-27T23:59:59+00:00"
generated_at: "2026-06-26T04:16:48.582550+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Aflac Q1 net earnings fell to $1.0B ($1.58 EPS); revenue down 10%; Japan sales weak, US sales up 19%

## Summary
- Net earnings $1.0B ($1.58 diluted EPS) vs $1.3B ($1.87) YoY; adjusted EPS $1.42, down 7.2%.
- Total revenues $5.3B, down 10.2%; weaker yen (avg 116.18) hurt reported results.
- Japan new sales ¥11.9B, down 14.8% due to pandemic; pretax adjusted profit margin improved to 25.3%.
- US sales increased 19% to $299M; but pretax adjusted earnings fell 27% to $325M on higher claims.
- Quarterly dividend $0.40 (+21% YoY); $500M share repurchase in Q1; 47.8M shares left.

## SEC filing metadata
- accession: 0000004977-22-000069
- form_type: 8-K
- ticker: AFL
- cik: 0000004977
- company_name: AFLAC INC
- filed_at: 2022-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4977/000000497722000069/0000004977-22-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4977/000000497722000069/afl-20220427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004977-22-000069
- JSON: https://secwatch.observer/filing/0000004977-22-000069.json
- Plain text: https://secwatch.observer/filing/0000004977-22-000069.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.