Aflac Inc Stock Price, News & Analysis

Aflac conducted a national survey revealing significant changes in employee behavior concerning open enrollment during the COVID-19 pandemic. Of the surveyed employees, 49% indicated they are now investing more time researching benefits, a noteworthy shift from the previous norm of 92% choosing the same benefits annually. Financial impacts from the pandemic are evident, with 67% reporting at least minor financial issues. Additionally, 63% expect expanded benefits, underscoring an anticipated rise in demand for better insurance options in the workforce.

Aflac has launched its second marketing campaign featuring legendary coach Nick Saban and the Aflac Duck during the NFL game on Sept. 10, 2020. Titled "The Program," the campaign highlights Aflac's role in providing supplemental insurance that covers expenses health insurance doesn't. This initiative follows the 2019 campaign aimed at clarifying how Aflac operates. The campaign includes television spots like "Go Time" and is supported by social media marketing, emphasizing Aflac's commitment to policyholders during challenging times, particularly amid the ongoing pandemic.

Aflac commemorates National Childhood Cancer Awareness Month, highlighting its 25-year commitment to childhood cancer support through various initiatives. The company honors healthcare heroes and has invested in its My Special Aflac Duck program. Aflac continues to fund childhood cancer programs with $146 million and recently awarded $2,500 grants to 10 child life programs. The new My Special Aflac Duck innovations include medical play accessories to support children during treatment. Aflac aims to raise awareness and provide support for pediatric cancer families across the U.S.

Aflac Incorporated (NYSE: AFL) announced that Executive Vice President and CFO Max K. Brodén will participate in a fireside chat during the Virtual KBW Insurance Conference on September 9, 2020, at 3:00 p.m. ET. The event will be webstreamed live, with replays available for 90 days. Aflac serves over 50 million people, primarily in Japan and the U.S., and is recognized as a leading supplemental insurer. The company has received numerous accolades for its workplace culture and ethical practices, including being listed among Fortune's World's Most Admired Companies.

Aflac Incorporated's board has authorized the purchase of up to 100 million shares of its common stock, adding to the 21.9 million shares remaining from a previous authorization as of June 30, 2020. This brings the total authorized shares for repurchase to approximately 121.9 million. Aflac aims to repurchase shares in open markets based on conditions, demonstrating its commitment to capital management while extending its record of 37 consecutive years of annual dividend increases. CEO Daniel P. Amos emphasized the importance of fulfilling policyholder promises while addressing shareholder interests.

Aflac reported second quarter 2020 revenues of $5.4 billion, down from $5.5 billion year-over-year. Net earnings were $805 million or $1.12 per diluted share, compared to $817 million or $1.09 last year. Significant pretax net investment losses of $166 million were noted, primarily due to credit losses. Total investments grew to $142.2 billion. The company declared a $0.28 dividend per share for Q3 2020. Aflac anticipates sales to be affected by COVID-19, with a potential recovery in the second half of the year.

Aflac Incorporated (NYSE: AFL) will release its second quarter financial results on July 28, 2020, after market close. Detailed earnings materials will be accessible on the company's Investor Relations website. A conference call to discuss the results, featuring key executives, will be held on July 29, 2020, at 9:00 a.m. (ET). The call will focus on the company's financial performance and outlook, particularly in the context of the ongoing COVID-19 pandemic.

Aflac expresses deep sorrow over the passing of Congressman John Lewis, a revered civil rights leader. In a statement on July 18, 2020, Aflac's Chairman and CEO, Daniel P. Amos, highlighted Lewis's dedication to justice and equality, remembering him as a friend to Georgia and to Aflac's workforce. Lewis's legacy as a freedom fighter and his contributions to civil rights are commemorated, with a call for unity in fulfilling his ideals. Aflac had previously honored him with its Lifetime Achievement Award in 2006.

Aflac has been recognized as the 17th best large organization to work for in IT by IDG Insider Pro and Computerworld, marking its 20th consecutive inclusion on this prestigious list. The ranking is based on comprehensive assessments of benefits, career development, and employee satisfaction amongst IT professionals. The COVID-19 pandemic has highlighted Aflac's adaptability, with over 5,000 employees successfully transitioning to remote work. Aflac continues to emphasize the importance of innovation and resilience among its staff during these challenging times.