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Aflac Incorporated sells supplemental health and life insurance through businesses in Japan and the United States. Its news commonly covers earnings from Aflac Japan and Aflac U.S., sales trends in medical, cancer, life, accident, dental, vision, disability and long-term care products, and capital actions such as dividends and share repurchases.
Company updates also address worksite and group benefits, absence and paid-leave administration, reinsurance activity through Aflac Re Bermuda, and health-related initiatives tied to cancer screening and patient support. Product announcements in Japan include Anshin Palette medical insurance, Miraito cancer insurance and Tsumitasu life insurance, while U.S. updates focus on group voluntary benefits, network dental and vision, group life, disability and long-term care riders.
Aflac Incorporated, a leader in supplemental health insurance, has been recognized for the 17th consecutive year as one of the World's Most Ethical Companies by Ethisphere, making it the only insurance company to achieve this distinction since the award's inception in 2007. In 2023, Aflac continues to highlight its commitment to ethical business practices, governance, and social responsibility, demonstrated by initiatives like CareGrants and the My Special Aflac Duck program. The company's Sustainability Bond Report reveals that $397 million has been allocated for community and environmental initiatives, reflecting its ongoing dedication to ESG principles.
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Aflac has expanded its "Aflac Duck vs. Gap Goat" campaign for NCAA March Madness, featuring legendary coaches Dawn Staley and Mike Krzyzewski. The campaign emphasizes Aflac's role in covering costs that traditional health insurance does not cover. Additionally, Aflac launched "Dawn's List," targeting equity issues in women's basketball, focusing on investment equity, fan experience, and community engagement. The initiative includes on-site fan interactions during the Women's Final Four in Dallas, running from March 30 to April 2, 2023. Aflac is also committing to provide $1 million in Community CareGrants to help combat medical debt in vulnerable communities.
Aflac reveals the inspiring journey of Antawong Thompson, a district sales coordinator with nearly 20 years of experience. His story began in 2001 when he suffered a serious leg injury during a skateboarding accident. Thankfully, he had an Aflac accident policy through his wife, which covered their medical bills. This experience prompted him to join Aflac, where he now leads and mentors a team of agents. Antawong emphasizes trust and community engagement, actively participating in fundraising for local children's hospitals. In recognition of his contributions, he was honored as the Children's Hospital Ambassador of California South Coast.
Aflac continues its long-standing partnership with Children's National Hospital, emphasizing support for pediatric health, particularly in sickle cell disease. In 2022, Aflac donated $100,000 to enhance treatment and research for sickle cell disease, marking over 27 years of commitment and more than $165 million in donations towards child health initiatives.
Senior VP Brad Knox shared insights on advocating for children's health, encouraging community involvement through hands-on service, donations, and board membership in local organizations. Aflac's efforts aim to improve the vibrance of children's healthcare in the Washington, D.C. area and beyond.
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Aflac Incorporated (NYSE: AFL) announced that Chairman and CEO Daniel P. Amos will present at the Bank of America Securities 2023 Financial Services Conference on February 14, 2023, at 9:40 a.m. ET. The presentation will be available via live webcast, and a replay will be accessible within 24 hours for one year. Aflac provides supplemental health insurance to over 50 million individuals across Japan and the U.S., being a leader in the sector. The company has received multiple accolades for its ethical practices and sustainability commitment. For more details, register for the webcast at the provided link.
Aflac reported its fourth quarter results for 2022, revealing total revenues of $4.0 billion, a decline from $5.4 billion in Q4 2021. Net earnings fell sharply to $185 million or $0.30 per share, down from $1.0 billion or $1.57 per share last year, largely due to foreign exchange-related investment losses totaling $521 million. Adjusted earnings were $806 million, while total investments decreased to $117.4 billion. Aflac Japan saw net earned premiums drop 22.9% in dollar terms, but new sales rose 11.4% in Q4. The board declared a dividend of $0.42 per share, marking the 40th consecutive year of dividend increases.
Aflac Incorporated (NYSE: AFL) has been recognized for its performance and commitment to gender equality, making it to Fortune's Most Admired Companies list for the 22nd time and Bloomberg's Gender Equality Index for the fourth consecutive year.
Aflac ranked No. 1 in the Insurance: Life and Health industry for Long-Term Investment Value and No. 2 in Quality of Management. The company shows strong diversity, with 47% of senior management being people of color or women. Since August 1990, Aflac's stock has surged from 95 cents to over $71, reflecting a total shareholder return exceeding 13,144% by the end of 2022. The recognition highlights Aflac's commitment to integrating social responsibility with business performance.
Aflac has launched a partnership to introduce roving robot technology for children's hospitals across South Carolina, allowing patients to explore the South Carolina Aquarium from their rooms. The program, currently piloted at MUSC Shawn Jenkins Children's Hospital, will expand to Prisma Health Children's Hospital. Patients can control the robot from their tablets, engaging in a unique virtual experience while interacting with aquarium educators. This initiative, supported by a generous gift from Aflac, aims to provide comfort and joy to hospitalized children, enhancing their well-being during challenging medical times.