Aflac Inc Stock Price, News & Analysis

Aflac and Trupanion have announced a joint venture to launch Aflac Pet Insurance in Japan, set to begin in the latter half of 2023, pending regulatory approvals. This collaboration aims to combine Aflac's brand and distribution expertise with Trupanion's pet insurance leadership, offering high-value medical insurance for pets. Aflac Japan's president emphasized the initiative's goal to enhance service offerings for pet owners, while Trupanion highlighted its commitment to aligning with the veterinary community in Japan's extensive hospital network.

Aflac Incorporated (NYSE: AFL) will webcast its annual Financial Analysts Briefing on November 15, 2022, at 8:00 a.m. (ET). The briefing aims to discuss Aflac's operations in Japan and the United States, along with capital management strategies and financial outlook. Interested participants must register here. Presentation slides will be available on investors.aflac.com after November 14.

Aflac Incorporated (NYSE: AFL) announced a 5.0% increase in its first quarter 2023 dividend to $0.42 per share, payable on March 1, 2023. This reflects Aflac's commitment to enhancing shareholder value through consistent dividend growth, marking 40 consecutive years of increases. Additionally, the Board authorized the repurchase of up to 100 million shares, adding to the existing 25.6 million shares, bringing the total to 125.6 million shares available for purchase. These actions demonstrate Aflac's strong capital position and responsiveness to shareholder needs.

Aflac Incorporated (NYSE: AFL) reported third-quarter results for 2022, with total revenues reaching $4.8 billion, down from $5.2 billion year-over-year. Net earnings rose to $1.6 billion or $2.53 per diluted share, boosted by a $695 million release of deferred taxes. Adjusted earnings fell 29.7% to $725 million, impacted by a 40 million variable investment income loss. Japan segment sales increased 10.2% due to a new product launch, while U.S. sales rose 11.8%. A dividend of $0.40 per share was declared, marking the 40th consecutive year of increases.

Aflac Incorporated announced the retirement of Eric Kirsch, Executive Vice President and Global Chief Investment Officer, effective March 31, 2023. He will be succeeded by Bradley Dyslin, who will take on his new role as of January 1, 2023. Kirsch, who joined Aflac 11 years ago, was instrumental in building a successful global investment team managing over $120 billion in assets. Dyslin, a key hire of Kirsch, has over 30 years of experience and has significantly improved portfolio quality. Both executives emphasized a commitment to strong performance and seamless leadership transition.

Aflac has launched new Dental, Vision and Hearing insurance plans tailored for individuals and families not covered by traditional worksite insurance. This initiative addresses the growing number of Americans in the gig economy and retirees, with 50% of adults 55 and older reportedly out of the labor force due to retirement. The new plans offer three coverage tiers, featuring benefits such as preventive service benefits with no out-of-pocket costs, and decreasing costs for services over time. Aflac aims to fill the insurance coverage gap for those outside traditional employment.

Aflac Incorporated (NYSE: AFL) will release its third quarter 2022 financial results after the market closes on October 31, 2022. Earnings materials, including an earnings release and financial update video from CFO Max Brodén, will be available on its Investor Relations website. A conference call is scheduled for 8:00 a.m. (ET) on November 1, 2022, where management will discuss results and outlook, with a Q&A session following. Aflac, a leader in supplemental health insurance, serves over 50 million people globally.