The slight EPS miss and revenue decline are offset by strong capital returns ($1.3B) and stable Japan margins. Watch for yen/dollar trends and U.S. benefit ratio trajectory in coming quarters.
Price Chart
Executive Summary
Aflac reported Q2 2026 adjusted EPS of $1.75, a slight miss vs consensus of $1.76 (-0.4%). Total revenues declined 1.0% YoY to $4.1B, with adjusted earnings down 7.7% due to a weaker yen and higher U.S. benefits. The company returned $1.3B to shareholders via buybacks and dividends, and declared a $0.61 quarterly dividend.
Key Financial Metrics
Key Facts
- Adjusted EPS $1.75 vs consensus $1.76 (miss of ~0.4%)
- Total revenues $4.1B, down 1.0% YoY
- Adjusted earnings $883M, down 7.7% YoY
- Japan segment pretax adjusted earnings up 3.4% in yen but down 6.2% in dollars due to yen weakness
- U.S. segment pretax adjusted earnings down 4.6% YoY on higher benefits
- Share repurchases of $983M and dividends of $309M in Q2
- Quarterly dividend declared at $0.61 per share
Financial Impact
Adjusted EPS $1.75 vs consensus $1.76; total revenues $4.1B vs consensus $4.24B; adjusted earnings $883M vs $957M a year ago
Risk Factors
- Weaker yen/dollar exchange rate continues to pressure dollar-denominated results
- U.S. segment benefit ratio rising (49.5% vs 47.3% YoY) could pressure margins
- Japan premium persistency declining (92.7% vs 93.7% YoY)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302845400 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 19, 2026 6w ago | Insider Cluster | $116.51 $117.55 | ▲ +0.89% | ▲ +2.41% | $110.81 (−4.89%) |
Aug 18, 2026 6w ago | Insider Cluster | $121.73 $117.38 | ▼ −3.57% | ▼ −2.58% | $110.81 (−8.97%) |
Aug 17, 2026 6w ago | Insider Cluster | $120.98 $117.01 | ▼ −3.28% | ▼ −1.76% | $110.81 (−8.41%) |
Aug 14, 2026 7w ago | Insider Cluster | $121.45 $117.01 | ▼ −3.66% | ▼ −1.66% | $110.81 (−8.76%) |
Aug 8, 2026 7w ago | Institutional Cluster | $121.94 $115.16 | ▼ −5.56% | ▼ −4.65% | $110.81 (−9.13%) |
Aug 6, 2026 8w ago | Press Release | $124.61 $117.21 | ▼ −5.94% | ▼ −5.54% | $110.81 (−11.07%) |
Jun 30, 2026 13w ago | 8-K | $117.25 $126.56 | ▼ −7.94% | ▼ −8.97% | $110.81 (+5.49%) |
Jun 24, 2026 14w ago | Insider Cluster | $117.75 $123.58 | ▲ +4.95% | ▲ +3.02% | $110.81 (−5.89%) |
Jun 24, 2026 14w ago | S-3ASR | $117.75 $123.58 | ▲ +4.95% | ▲ +3.02% | $110.81 (−5.89%) |
Jun 2, 2026 17w ago | Insider Cluster | $113.63 $118.49 | ▲ +4.28% | ▲ +5.84% | $110.81 (−2.48%) |
US Market Status
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