Adjusted Earnings Decline Despite Net Earnings Surge
Adjusted earnings fell 7.5% to $883 million ($1.75 per diluted share) compared to $957 million ($1.78 per diluted share) a year ago, as a weaker yen and lower revenues offset the benefit of lower investment losses. Excluding current period foreign currency impact, adjusted earnings per diluted share would have been $1.80.
Aggressive Share Repurchases Continue
The Company repurchased $2.0 billion of its common shares (17.5 million shares) during the first six months of 2026, with 96.8 million shares remaining under the authorization at June 30, 2026.
Two Cyber Incidents Disclosed
Aflac Japan detected unauthorized access to its systems on June 25, 2026 (June 2026 Japan Cyber Incident), and the Company had previously reported a U.S. incident in June 2025. Management does not believe either incident is reasonably likely to have a material impact on the Company’s financial condition or results of operations, but the potential loss from the Japan incident cannot be reasonably estimated.