Aflac Q3 net loss $93M on investment losses; adjusted EPS $2.16; Miller named President

AFLAC INC

2024-Q3 EPS reported $6.23 revenue$13,524,000,000

Q3 net loss $93M ($0.17/share) vs prior-year net income $1.6B ($2.64); hit by $1.4B net investment losses on yen moves.
Adjusted earnings $1.2B (+10.6%); adjusted EPS $2.16 (+17.4%); variable investment income $27M below expectations.
Aflac Japan pretax adjusted earnings up 25.5% in yen; profit margin 44.7% (32.8% a year ago).
Aflac U.S. net earned premiums +2.8%; pretax adjusted earnings down 26.8% due to higher claims and lower remeasurement gains.
Q4 dividend $0.50/share (+19% YoY); Q3 repurchased $500M shares; Virgil Miller promoted to President effective Jan 1, 2025.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Virgil R. Miller

President

AFL · AFLAC INC

Effective: 2025-01-01
Filed: October 30, 2024, 7:59 PM ET

The Company has appointed Virgil R. Miller to serve as President of the Company, effective January 1, 2025,

Departed

Daniel P. Amos

President

AFL · AFLAC INC

Effective: 2025-01-01
Successor: Virgil R. Miller
Filed: October 30, 2024, 7:59 PM ET

Daniel P. Amos, who has been serving as President of the Company since November 16, 2023, will resign as President effective January 1, 2025,

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Virgil R. Miller was appointed as President at AFLAC INC.

Action: appointed
Role: President

Exact text from the filing

The Company has appointed Virgil R. Miller to serve as President of the Company, effective January 1, 2025,

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel P. Amos resigned as President at AFLAC INC.

Action: resigned
Role: President

Exact text from the filing

Daniel P. Amos, who has been serving as President of the Company since November 16, 2023, will resign as President effective January 1, 2025,

View on SEC.gov

AFLAC INC filing history →

Source: SEC EDGAR

accession 0000004977-24-000164

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