---
schema_version: "secwatch.filing_event.v1"
accession: "0000004977-22-000142"
form_type: "8-K"
ticker: "AFL"
cik: "0000004977"
company_name: "AFLAC INC"
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T22:04:41.607575+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Aflac Q3 net earnings $1.6B ($2.53/dil) vs $888M a year ago; adjusted EPS $1.15 down 24.8% YoY

## Summary
- Net earnings $1.6B ($2.53 diluted) benefited from $695M deferred tax release; adjusted earnings $725M ($1.15 diluted) down 29.7% YoY.
- Japan segment pretax adjusted earnings fell 19.2% in yen due to 940bps benefit ratio increase from 'deemed hospitalization'; sales up 10.2% in yen.
- U.S. segment pretax adjusted earnings down 13.7% to $309M; sales up 11.8% to $334M.
- Board declared Q4 dividend $0.40/share (payable Dec 1, record Nov 16); Q3 share repurchases $650M (11.1M shares).
- Yen headwind: average rate 137.08 vs 110.11 YoY, impacting adjusted EPS by $0.08.

## SEC filing metadata
- accession: 0000004977-22-000142
- form_type: 8-K
- ticker: AFL
- cik: 0000004977
- company_name: AFLAC INC
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4977/000000497722000142/0000004977-22-000142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4977/000000497722000142/afl-20221031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004977-22-000142
- JSON: https://secwatch.observer/filing/0000004977-22-000142.json
- Plain text: https://secwatch.observer/filing/0000004977-22-000142.txt

## Key facts
- Earnings Releases
  AFLAC INC reported the third quarter of 2022 results: revenue $4.8 billion, net income $1.6 billion, EPS $2.53 per diluted share.
  - Period: the third quarter of 2022
  - Revenue: $4.8 billion
  - Net income: $1.6 billion
  - EPS: $2.53 per diluted share
  - Result: reported results
  source text: Aflac Incorporated (NYSE: AFL) today reported its third quarter results. Total revenues were $4.8 billion in the third quarter of 2022, compared with $5.2 billion in the third quarter of 2021. Net earnings were $1.6 billion, or $2.53 per diluted share, compared with $888 million, or $1.32 per diluted share a year ago
  evidence_url: https://www.sec.gov/Archives/edgar/data/4977/000000497722000142/0000004977-22-000142-index.htm
- Earnings Releases
  AFLAC INC reported the first nine months of 2022 results: revenue $15.5 billion, net income $4.0 billion, EPS $6.25 per diluted share.
  - Period: the first nine months of 2022
  - Revenue: $15.5 billion
  - Net income: $4.0 billion
  - EPS: $6.25 per diluted share
  - Result: reported results
  source text: For the first nine months of 2022, total revenues were down 7.1% to $15.5 billion, compared with $16.7 billion in the first nine months of 2021. Net earnings were $4.0 billion, or $6.25 per diluted share, compared with $3.3 billion, or $4.82 per diluted share, for the first nine months of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/4977/000000497722000142/0000004977-22-000142-index.htm

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