---
schema_version: "secwatch.filing_event.v1"
accession: "0000004977-23-000087"
form_type: "8-K"
ticker: "AFL"
cik: "0000004977"
company_name: "AFLAC INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:47:02.368069+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Aflac Q1 net earnings $1.2B ($1.94 EPS) up 13.5% YoY; adjusted EPS $1.55; revenue $4.8B; Japan sales up 10.8%

## Summary
- Net earnings $1.2B ($1.94 diluted EPS) vs $1.0B ($1.60) a year ago; adjusted EPS $1.55, up 7.6%.
- Total revenues $4.8B, down 7.2% from $5.2B, impacted by yen weakness (avg rate 132.30 vs 116.18).
- Aflac Japan pretax adjusted earnings in yen up 3.2% to ¥104.3B; sales up 10.8% to ¥13.2B on new cancer product.
- Aflac US pretax adjusted earnings up 5.7% to $352M; sales up 5.3% to $315M.
- Board declared Q2 dividend $0.42/share; $700M share repurchases in Q1; remaining authorization 106.3M shares.

## SEC filing metadata
- accession: 0000004977-23-000087
- form_type: 8-K
- ticker: AFL
- cik: 0000004977
- company_name: AFLAC INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4977/000000497723000087/0000004977-23-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4977/000000497723000087/afl-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004977-23-000087
- JSON: https://secwatch.observer/filing/0000004977-23-000087.json
- Plain text: https://secwatch.observer/filing/0000004977-23-000087.txt

## Key facts
- Earnings Releases
  AFLAC INC reported first quarter of 2023 results: revenue $4.8 billion, net income $1.2 billion, EPS $1.94 per diluted share.
  - Period: first quarter of 2023
  - Revenue: $4.8 billion
  - Net income: $1.2 billion
  - EPS: $1.94 per diluted share
  - Result: reported results
  source text: Aflac Incorporated (NYSE: AFL) today reported its first quarter results. Total revenues were $4.8 billion in the first quarter of 2023, compared with $5.2 billion in the first quarter of 2022. Net earnings were $1.2 billion, or $1.94 per diluted share, compared with $1.0 billion, or $1.60 per diluted share a year ago.
  evidence_url: https://www.sec.gov/Archives/edgar/data/4977/000000497723000087/0000004977-23-000087-index.htm

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