---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-070181"
form_type: "8-K"
ticker: "AFL"
cik: "0000004977"
company_name: "AFLAC INC"
filed_at: "2026-11-04T21:20:48+00:00"
generated_at: "2026-11-04T21:22:26.638617+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 $303M (-81.5%) on $1.1B investment losses; adjusted EPS $2.43 (-2.4%); dividend up to $0.61

## Summary
- Net earnings $303M ($0.61/diluted share) vs $1.6B ($3.08) a year ago, driven by $1.1B net investment losses ($2.15/sh) from strategic portfolio repositioning; total revenues -31.0% to $3.3B.
- Adjusted earnings $1.2B (-8.5%), aided by $453M reserve remeasurement gains; 6.8% weaker yen (158.49 vs 147.68) cut adjusted EPS by $0.03; annualized ROE 4.1%, adjusted ROE ex-FX 23.7%.
- Aflac U.S. pretax adjusted earnings $493M (+31.5%), profit margin 27.7% vs 21.7%; net earned premiums +3.3% to $1.5B; U.S. sales +3.5% to $403M on dental, group life and disability.
- Aflac Japan pretax adjusted earnings ¥152.3B (-15.2%), margin 44.4% vs 52.2%; premiums -2.0% to ¥240.3B; sales -4.0% to ¥18.8B; ceded ~¥500B of cancer reserves to Aflac Re Bermuda.
- Q4 dividend $0.61/share payable Dec 1, 2026 (record Nov 18), marking 44 straight years of increases; Q3 capital return $1.1B = $804M buybacks + $305M dividends.

## SEC filing metadata
- accession: 0001628280-26-070181
- form_type: 8-K
- ticker: AFL
- cik: 0000004977
- company_name: AFLAC INC
- filed_at: 2026-11-04T21:20:48+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4977/000162828026070181/0001628280-26-070181-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4977/000162828026070181/afl-20261104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-070181
- JSON: https://secwatch.observer/filing/0001628280-26-070181.json
- Plain text: https://secwatch.observer/filing/0001628280-26-070181.txt

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