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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, a leading supplemental insurance provider, is commemorating National Sickle Cell Awareness Month with educational initiatives. Starting in early 2022, Aflac will expand its My Special Aflac Duck program to support children with sickle cell disease (SCD), offering comforting companions free to kids aged 3 and older. This program builds on Aflac's commitment to helping nearly 12,000 children facing pediatric cancer. The new campaign includes accessories tailored for SCD patients and aims to increase awareness through webinars and partnerships, addressing health disparities in underserved communities.
Aflac announced a new partnership with football legend Deion "Prime" Sanders to celebrate the return of college football. Through a series of ads, Aflac aims to promote its supplemental insurance that covers unexpected medical bills. The campaign includes donations to HBCUs, such as $75,000 to Jackson State University, and a $1 million commitment to Morehouse School of Medicine. Aflac's initiative also features collaborations with ESPN and aims to engage communities of color, emphasizing its long-standing support for HBCUs and economic development efforts.
Governor Ned Lamont announced that Aflac will serve as the claims administrator for Connecticut's Paid Leave Authority, expected to create approximately 150 jobs in Windsor. Aflac will handle applications, eligibility determinations, and benefit administration for paid leave, providing flexible application options. This partnership aims to support Connecticut workers and enhance economic growth in the region. Aflac was chosen through a competitive bidding process, highlighting its strong reputation and commitment to job creation in Connecticut.
Aflac Incorporated (NYSE: AFL) reported second-quarter 2021 results, revealing total revenues of $5.6 billion, up from $5.4 billion in Q2 2020. Net earnings soared to $1.1 billion ($1.62 per diluted share), a significant increase from $805 million ($1.12) last year, driven by higher net investment gains. Adjusted earnings also rose to $1.1 billion, reflecting a 17.3% increase. The company repurchased $500 million in shares, maintaining a strong capital position. Despite challenges in premium income, particularly in Aflac U.S., new sales in Japan improved significantly.
Aflac Incorporated (NYSE: AFL) will announce its second quarter financial results on July 28, 2021, post-market. The earnings release and Financial Analysts Briefing will be available on their Investor Relations website. A conference call is scheduled for 9:00 a.m. (ET) on July 29, 2021, where CEO Daniel P. Amos and other executives will discuss financial results and the impact of COVID-19. Aflac is recognized for its ethical practices and leadership in the supplemental insurance industry.
Aflac Global Investments has partnered with Denham Capital, committing $2 billion to launch a debt platform focusing on sustainable infrastructure. Additionally, Aflac has allocated $100 million to Denham's second equity fund, aiming to enhance sustainable asset acquisition and development.
This strategic move aligns with Aflac's growth strategy, emphasizing environmental, social, and governance (ESG) objectives, aiming to meet a projected $100 trillion in sustainable infrastructure investment needs by 2050.
Aflac, a leader in supplemental insurance, has been recognized as one of the 2021 Best Places to Work in IT, ranked No. 16 among large organizations in the U.S. This marks the 21st time Aflac has received this accolade. The company's IT department has been instrumental in enhancing the policyholder experience during pandemic challenges. The recognition is based on factors like employee benefits, training, and diversity within IT management. Aflac's commitment to innovation and collaboration is highlighted by its focus on attracting IT talent to enhance customer service.
Aflac supports the recognition of Juneteenth as a national holiday, celebrating the end of slavery in the U.S. The company commends Congress and President Biden for this historic decision. In 2021, Aflac will provide employees with a paid floating holiday to reflect on the significance of fairness and freedom. Starting in 2022, June 19 will be added to Aflac's annual paid holidays, further exemplifying the company’s commitment to diversity and inclusion.
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AM Best has revised the outlook for Aflac's Long-Term Issuer Credit Rating (ICR) to positive from stable and affirmed its Financial Strength Rating (FSR) of A+ (Superior). Aflac's operating performance, balance sheet strength, and risk management practices are recognized as strong. The positive outlook reflects improvements in enterprise risk management and Aflac's ability to navigate challenges, including the COVID-19 pandemic. The company’s pre-tax net gains for 2020 were $4.2 billion, slightly lower than the previous year. Aflac is a leader in the Japanese insurance market and has diversified its offerings.