Aflac Inc Stock Price, News & Analysis

AM Best has upgraded the Long-Term Issuer Credit Rating (ICR) of Aflac Incorporated and its subsidiaries, including Aflac Life Insurance Japan, to 'aa' from 'aa-' while affirming the Financial Strength Rating (FSR) of A+. The outlook for both ratings is now stable. The upgrade reflects Aflac's robust risk management capabilities, strong balance sheet strength, and strong operating performance. Aflac continues to lead in medical insurance in Japan and marketing supplemental insurance in the U.S. The company is focused on growth in various insurance sectors, leveraging technology for direct-to-consumer engagement.

Aflac Incorporated has launched a redesigned Group Critical Illness Insurance to better meet the evolving needs of workers in a post-pandemic world. The new product offers enhanced coverage options for acute and chronic conditions, including serious health events, infectious diseases, and mental illnesses. It features customizable benefits like hospitalization for infectious diseases and expanded health screenings. This innovation aims to support employers in maintaining a robust benefits program while addressing rising mental health concerns among employees. Aflac remains a leader in voluntary insurance products.

Aflac Incorporated (NYSE: AFL) reported Q1 2022 revenues of $5.3 billion, down from $5.9 billion in Q1 2021. Net earnings decreased to $1.0 billion ($1.58 per share) from $1.3 billion ($1.87 per share). Adjusted earnings fell 12.4% to $927 million, with an adjusted EPS of $1.42. Aflac Japan's net earned premiums dropped 4.3% in yen, while U.S. premiums declined 0.6%. The company repurchased $500 million in shares and declared a quarterly dividend of $0.40 per share, reflecting a 21.2% increase. The outlook remains cautiously optimistic amid ongoing pandemic challenges.

Aflac has launched the "Prime Prospects" campaign with Coach Deion Sanders to address the lack of HBCU athletes drafted into professional football, highlighted by the absence of any selections in 2021. This initiative aims to raise awareness about the talent present in HBCU football programs and support these athletes in reaching professional levels. Aflac will feature a new advertisement, "Believe," during the NFL draft and has committed further financial support, including a $100,000 donation towards mentoring young athletes.

Aflac Incorporated (NYSE: AFL) plans to release its first quarter financial results on April 27, 2022, after market close. Earnings materials and a financial update video from CFO Max Brodén will be available on its Investor Relations website. A conference call to discuss the results will take place on April 28, 2022, at 8:00 a.m. (ET), featuring presentations from CEO Daniel P. Amos and President Frederick J. Crawford. Aflac serves over 50 million customers and is recognized for its ethical practices and sustainability efforts.

Aflac Incorporated announced the retirement of Teresa L. White, president of Aflac U.S., effective March 31, 2023. With over two decades in the industry, White has been pivotal in driving revenue and reshaping internal processes. Under her leadership, Aflac achieved record annual new sales and improved premium persistency. Aflac is recognized for its contribution to employee development and diversity. As the company prepares to name her successor, it will continue to focus on sales growth and customer service enhancements.