Business Description

Aflac Incorporated is an American insurance company that is the largest provider of supplemental insurance in the United States and a leading provider of medical and cancer insurance in Japan. Founded in 1955, the company specializes in policies that pay cash benefits directly to policyholders to help cover out-of-pocket expenses related to accidents or illnesses. Aflac operates primarily through two segments: Aflac U.S. and Aflac Japan.

Everything on Aflac Incorporated

Revenue (FY2025) $17.16B
YoY growth -9.3%
Operating margin 27.7%
Direction —
Gross margin —
Net margin 21.2%

Earnings Transcripts

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Leadership & board

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Daniel P. Amos — Chairman and Chief Executive Officer View full profile ↗ W. Paul Bowers — Lead Non-Management Director; Retired Chairman and CEO of Georgia Power Co. View full profile ↗ Arthur R. Collins — Founder and Chairman of theGROUP View full profile ↗ Michael A. Forrester — Former Chief Executive Officer of Copper Rock Capital Partners View full profile ↗ Miwako Hosoda — Professor, Seisa University View full profile ↗ Thomas J. Kenny — Former Partner and Co-Head of Global Fixed Income, Goldman Sachs Asset Management View full profile ↗ Georgette D. Kiser — Former Managing Director and Chief Information Officer, The Carlyle Group View full profile ↗ Karole F. Lloyd — Certified Public Accountant and Retired Ernst & Young LLP Audit Partner View full profile ↗ Nobuchika Mori — Representative Director, Japan Financial and Economic Research Co. Ltd. View full profile ↗ Joseph L. Moskowitz — Retired Executive Vice President, Primerica, Inc. View full profile ↗ Katherine T. Rohrer — Vice Provost Emeritus, Princeton University View full profile ↗ Steven K. Beaver — Executive Vice President and Chief Financial Officer, Aflac Japan View full profile ↗ Robin L. Blackmon — Senior Vice President, Financial Services; Chief Accounting Officer, Aflac Incorporated View full profile ↗ Max K. Brodén — Senior Executive Vice President and Chief Financial Officer, Aflac Incorporated View full profile ↗ Bradley E. Dyslin — Executive Vice President and Global Chief Investment Officer, Aflac; President, Aflac Global Investments View full profile ↗ Masatoshi Koide — President and Representative Director, Aflac Japan View full profile ↗ Charles D. Lake II — President, Aflac International; Chairman and Representative Director, Aflac Japan View full profile ↗ Virgil R. Miller — President, Aflac Incorporated and Aflac U.S. View full profile ↗ Frederic J. Simard — Deputy President, Aflac U.S. View full profile ↗ Audrey B. Tillman — Senior Executive Vice President and General Counsel, Aflac Incorporated View full profile ↗

Share Repurchase Program

Total authorized
Two board authorizations of 100,000,000 shares each — one announced in November 2022 and one announced in August 2025.
Remaining (Fiscal year ended December 31, 2025)
114.3 million shares remaining authorized at December 31, 2025 (14,324,044 shares under the November 2022 authorization plus 100,000,000 shares under the August 2025 authorization).
Latest FY repurchased
$3.5 billion (33.0 million shares) repurchased in 2025

Customer Concentration

Aflac Japan's alliance with Japan Post Group (part of its affiliated corporate agencies channel) has in recent periods accounted for a significant portion of Aflac Japan's total sales; the affiliated corporate agency channel, which includes Japan Post Group, Dai-ichi Life and Daido Life, generated 49.2% of Aflac Japan's new annualized premium sales in 2025.

Recent SEC Filings

2026-08-06 Reported quarterly results (+1 more) View filing ↗
2026-06-30 Other event View filing ↗
2026-05-28 Other event View filing ↗
2026-05-14 Other event View filing ↗
2026-05-07 Shareholder vote results View filing ↗
2026-04-29 Reported quarterly results (+1 more) View filing ↗
2026-02-04 Reported quarterly results (+1 more) View filing ↗
2025-11-04 Reported quarterly results (+1 more) View filing ↗
2025-08-27 New financial obligation View filing ↗
2025-08-05 Reported quarterly results View filing ↗
2025-06-20 Other event View filing ↗
2025-06-05 Other event View filing ↗

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