Aflac Inc Reports Q3 2026 Earnings Impacted by Portfolio Repositioning
Aflac Inc (AFL) reported third-quarter net earnings of $303 million, or $0.61 per diluted share, a significant decrease from the $1.6 billion recorded in the prior-year quarter. This decline was primarily driven by realized losses resulting from a strategic portfolio repositioning, which included the sale of $2.3 billion in Japanese Government Bonds to capitalize on higher interest rates. Despite the drop in net earnings, adjusted earnings per diluted share stood at $2.43, reflecting a 2.4% year-over-year decrease due to currency headwinds from a weaker yen and lower investment income. However, the company saw strength in its U.S. segment, where sales grew 3.5%, and significant growth in dental and vision offerings. Aflac also benefited from a $447 million pretax actuarial assumption unlock, which provided a boost to earnings per share.
Tickers: $AFL
Topics: actuarial assumptions earnings report investment losses net income revenue decline
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Part of the story Aflac Reports Third Quarter 2026 Results and Declares Fourth Quarter Dividend (25 articles)