Virgil R. Miller
The Company has appointed Virgil R. Miller to serve as President of the Company, effective January 1, 2025,
Highest-materiality recent filing
Aflac Q2 net earnings up 37.7% to $1.63/sh; adjusted EPS down 1.7% to $1.75; declares $0.61 dividend
Net earnings $825M ($1.63 diluted EPS) vs $599M ($1.11) a year ago, up 37.7% due to lower investment losses.
Aflac Japan discovers unauthorized access to systems; personal and bank info compromised
Unauthorized third-party accessed Aflac Japan systems between June 15-25, 2026; discovered June 25.
Aflac issues ¥65.9B in senior notes across four tranches; proceeds for general purposes
Issued ¥3.1B of 2.117% notes due 2029, ¥41.8B of 2.802% notes due 2031, ¥13.1B of 3.123% notes due 2033, and ¥7.9B of 3.482% notes due 2036.
Aflac issues $500M of 5.150% Senior Notes due 2036 for general corporate purposes
Issued $500M aggregate principal of 5.150% Senior Notes maturing May 14, 2036.
All 11 board nominees elected with majority votes; highest dissent for Katherine T. Rohrer (41.9M against).
Aflac Q1: net earnings $1.0B ($1.98/sh); adj EPS $1.75 (+5.4%); dividend raised to $0.61
Net earnings $1.0B ($1.98 diluted EPS) vs $29M ($0.05) YoY; revenue $4.3B (+27.9%).
Aflac Q4 net earnings $1.4B ($2.64/diluted), adjusted EPS $1.57; dividend raised 5.2%
Q4 total revenues $4.9B (-9.9% YoY); net earnings $1.4B ($2.64/diluted) vs $1.9B ($3.42) a year ago.
Aflac Q3 adjusted EPS up 15.3% to $2.49; declares Q4 dividend $0.58, up 16% YoY
Net earnings $1.6B ($3.08 diluted) vs net loss $93M (-$0.17) YoY; adjusted EPS $2.49, +15.3%.
Aflac issues $2B in Pre-Capitalized Trust Securities (P-Caps) for contingent funding
Two trusts each sold 1M P-Caps for $1B aggregate, providing right to require purchase of up to $1B in Senior Notes per trust.
Aflac Q2 net earnings fall 66% to $599M on $421M investment losses; adjusted EPS down 2.7%
Net earnings $599M ($1.11 diluted EPS) vs $1.8B ($3.10) a year ago; total revenues $4.2B down 19%.
Aflac reports unauthorized network access on June 12, 2025; personal data potentially compromised
Incident detected June 12, 2025; contained within hours; no ransomware, business operational.
Aflac raises ¥150B via private placement and registered senior note offerings
Private placement of ¥75.1B (¥18.2B at 1.99% due 2032; ¥38.3B at 2.32% due 2035; ¥11.6B at 2.65% due 2040; ¥7.0B at 3.04% due 2045).
All 11 director nominees elected; votes ranged from 1.253B for D. Amos to 1.279B for M. Hosoda.
Aflac Q1 net earnings $29M as adjusted EPS flat at $1.66; dividend raised to $0.58
Net earnings $29M ($0.05 diluted) vs $1.9B ($3.25) YoY; includes $963M net investment losses.
Q4 net earnings $1.9B ($3.42 diluted EPS) vs $268M ($0.46) a year ago; includes $1.86 net investment gains per share.
Aflac Q3 net loss $93M on investment losses; adjusted EPS $2.16; Miller named President
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.
Aflac Q2 net earnings $1.8B ($3.10/share), adjusted EPS up 15.8%, declares $0.50 dividend
Net earnings $1.8B ($3.10 diluted EPS) vs $1.6B ($2.71) a year ago; adjusted earnings $1.0B ($1.83) up 15.8% per share.
All 10 director nominees elected with over 1.35B votes for each; none close to threshold.
Aflac Q1 net earnings $1.9B ($3.25/sh); adjusted EPS up 7.1%; dividend $0.50
Net earnings $1.9B ($3.25/sh) vs $1.2B ($1.94) YoY; adjusted $961M ($1.66/sh), up 7.1% per share.
Aflac issues ¥123.6B in yen-denominated senior notes across two transactions
Private placement: ¥75B across five series with coupons 1.600% to 2.400%, maturities 2034-2054.
Aflac Q4 net earnings $268M ($0.46), adj EPS $1.25 down 4.6%; declares 19% dividend hike to $0.50
Q4 net earnings $268M ($0.46) vs $196M ($0.31), adj earnings $732M ($1.25) vs $817M; full-year net $4.7B ($7.78).
Aflac CAO June Howard to retire; Robin Blackmon appointed effective Jan 1, 2024
June P. Howard, SVP & Chief Accounting Officer, will retire on December 31, 2023.
Aflac appoints CEO Daniel P. Amos as President effective Jan 1, 2024; bylaws amended
Daniel P. Amos, current Chairman and CEO, appointed President of Aflac effective January 1, 2024.
Aflac Q3 adj. EPS $1.84 (+27.8%); dividend raised 19% to $0.50 for Q1 2024
Net earnings $1.569B ($2.64/diluted) vs $1.781B ($2.82) YoY; rev $4.95B (+5.2%).
Aflac President and COO Frederick Crawford to retire Sept 30, 2024; transition to EVP in Jan 2024
Crawford steps down as President/COO Dec 31, 2023; becomes EVP Jan 1 through retirement.
Aflac Q2 net earnings $1.6B ($2.71 EPS) up 17%; adjusted EPS $1.58 up 7.5%
Net earnings $1.6B ($2.71 diluted EPS) vs $1.4B ($2.17) YoY; total revenues $5.2B down 2.7%.
Aflac freezes supplemental executive retirement plans (SERP & SORP) as of Dec 31, 2023
Freeze effective December 31, 2023 for both SERP and SORP nonqualified pension plans.
All 11 management director nominees received majority votes; no dissidents elected.
Net earnings $1.2B ($1.94 diluted EPS) vs $1.0B ($1.60) a year ago; adjusted EPS $1.55, up 7.6%.
Aflac adopts LDTI accounting standard; updates historical FAB supplement with no earnings impact
Adoption of ASU 2018-12 (LDTI) effective Jan 1, 2023; transition date Jan 1, 2021.
Aflac adopts 2023 Management Incentive Plan for officers and employees
Plan approved by Compensation Committee on Feb 9, 2023; covers officers and other employees.
Aflac Q4 net earnings $185M on FX losses; adjusted EPS up 0.8%; dividend raised 5%
Net earnings $185M ($0.30 diluted) vs $1.0B ($1.57) YoY; includes $521M net investment losses driven by FX.
Aflac Q3 net earnings $1.6B ($2.53/dil) vs $888M a year ago; adjusted EPS $1.15 down 24.8% YoY
Net earnings $1.6B ($2.53 diluted) benefited from $695M deferred tax release; adjusted earnings $725M ($1.15 diluted) down 29.7% YoY.
Aflac EVP & Global CIO Eric M. Kirsch to retire March 2023; consulting agreement through March 2024
Eric M. Kirsch to retire as employee on March 31, 2023; will continue as EVP & Global CIO through Dec 31, 2022, then EVP through March 31, 2023.
Aflac issues ¥73B in four senior note tranches to refinance $1.2B of 2024/2025 notes
Issued ¥33.4B 1.075% notes due 2029, ¥21.1B 1.320% notes due 2032, ¥6.5B 1.594% notes due 2037, ¥12B 2.144% notes due 2052.
Aflac Q2 2022 net earnings $1.4B ($2.16/diluted); adjusted earnings down 8.2% to $1.46/diluted
Total revenues $5.4B, down 2.9% YoY; net earnings up 25.6% to $1.4B.
Aflac shareholders elect 11 directors, approve say-on-pay, ratify KPMG at 2022 annual meeting
All 11 director nominees elected with strong support; votes for each ranged from ~921M to ~943M.
Aflac Q1 net earnings fell to $1.0B ($1.58 EPS); revenue down 10%; Japan sales weak, US sales up 19%
Net earnings $1.0B ($1.58 diluted EPS) vs $1.3B ($1.87) YoY; adjusted EPS $1.42, down 7.2%.
Board amended US restricted stock forms, reducing retirement service requirement from 15 to 10 years after age 55.
Aflac Q4 net earnings $1.0B; adjusted EPS up 19.6% to $1.28; dividend raised 21.2%
Q4 net earnings $1.0B ($1.57 diluted EPS) vs $951M ($1.35) YoY; total revenues $5.4B, down 8.1%.
Aflac Q3 adjusted EPS $1.53, up 10.1%; dividend raised 17.9% to $0.33
Q3 net earnings $888M ($1.32 diluted) vs $2.5B ($3.44) last year, which included a $1.4B tax benefit.
Aflac Q2 net earnings $1.1B, adjusted EPS $1.59, dividend $0.33
Net earnings $1.1B ($1.62 diluted EPS) vs $805M a year ago; adjusted earnings $1.1B ($1.59 diluted EPS), up 24.2%.
Net earnings $1.1B ($1.62 diluted EPS) vs $805M ($1.12) YoY; adjusted EPS $1.59, +24.2% YoY.
The Company has appointed Virgil R. Miller to serve as President of the Company, effective January 1, 2025,
Daniel P. Amos, who has been serving as President of the Company since November 16, 2023, will resign as President effective January 1, 2025,
The Company has appointed Robin Blackmon as Senior Vice President and Chief Accounting Officer of the Company, effective January 1, 2024.
Aflac Incorporated (the “Company”) was notified on December 5, 2023, that June P. Howard, Senior Vice President and Chief Accounting Officer of the Company, will retire from these positions effective December 31, 2023.
On November 16, 2023, Aflac Incorporated (the “Company”) appointed Daniel P. Amos President of the Company, effective January 1, 2024.
Mr. Crawford will retire from service as an employee of the Company on September 30, 2024.
Mr. Crawford will continue to serve as President and Chief Operating Officer of Aflac Incorporated through December 31, 2023, then serve as Executive Vice President of the Company from January 1, 2024 through his retirement date.
Pursuant to the terms of the LOA, Mr. Kirsch will retire from service as an employee of the Company on March 31, 2023.
Max materiality 0.85 · Median 0.70 · Most common event earnings