Aflac Inc Stock Price, News & Analysis

Aflac's 2024 Wellness Matters Survey, featuring health advocate and YouTube star Doctor Mike Varshavski, reveals concerning trends in young Americans' health habits. The survey shows that despite high concern for their health, 84% of millennials and 81% of Gen Z delay important health checkups. Many young people primarily use urgent care or emergency rooms instead of building relationships with primary care physicians.

Key findings include:

• 70% of Gen Z and 66% of millennials rely on urgent care or ER for health needs
• 1 in 5 young adults ignore concerning symptoms
• Men are more likely to skip appointments but respond well to encouragement from loved ones

Aflac's senior vice president and U.S. Chief Actuary, Tom Morey, shares a personal health story to emphasize the importance of wellness during National Wellness Month. The 2024 Aflac Wellness Matters Survey reveals concerning trends: 77% of people delay standard health checkups, and nearly one-third of Gen Z and millennials skip regular checkups when feeling healthy. Aflac aims to encourage preventive healthcare, especially among young people. The survey, conducted among 2,000 employed U.S. adults aged 18-65, provides insights into wellness habits. Aflac's mission is to help create better health and financial outcomes for policyholders, emphasizing that wellness matters for everyone, regardless of age or current health status.

Aflac has been named a 2024 CIO 100 award winner by Foundry's CIO, recognizing the company's excellence and innovation in IT. The award highlights Aflac's commitment to improving customer service, empowering agents, and optimizing employee workflows. Aflac's Digital Services team enhanced the customer experience by focusing on claims automation and digital processing of life events through the MyAflac system.

Chief Information Officer Shelia Anderson emphasized Aflac's promise to be there for customers in their time of need, which has made them the No. 1 provider of supplemental health insurance products in the U.S. The company's efforts have significantly improved customer experience while driving efficiency and cost optimization. Executives from winning companies will be recognized at the CIO 100 Symposium & Awards on Aug. 7 in Colorado Springs, Colorado.

Aflac's 2024 Wellness Matters Survey reveals concerning trends in preventive healthcare practices among Americans. 77% of adults admit to postponing important health checkups, with millennials and Gen Z showing higher rates of avoidance. Despite expressing worry about their health, 84% of millennials and 82% of Gen Z delay screenings beyond recommended timeframes. Logistical barriers, such as work conflicts and childcare issues, prevent 58% of millennials from timely screenings. Language is a barrier for 42% of Hispanic Americans in understanding healthcare needs and insurance benefits. The survey highlights the importance of early detection, with 56% of cancer diagnoses resulting from routine screenings. Community and family encouragement play significant roles in promoting preventive care, especially among Hispanic and African American respondents.

Aflac hosted an interactive soccer-themed event at Nicklaus Children's Hospital in Miami for pediatric patients with cancer and sickle cell disease. The event, featuring TV personality and breast cancer survivor Adamari López, celebrated the spirit of a popular soccer tournament with activities representing various Latin American cultures. Patients and families enjoyed stadium-style snacks, interactive passports, and 'traveled' the world, experiencing the excitement of soccer and diverse customs. The event aimed to bring joy and create lasting memories for the children, aligning with Aflac's mission to support pediatric patients during challenging times.

Aflac Incorporated (NYSE: AFL) reported strong Q2 2024 results, with net earnings of $1.8 billion, or $3.10 per diluted share, up from $1.6 billion a year ago. Adjusted earnings increased 8.5% to $1.0 billion, with adjusted EPS rising 15.8% to $1.83. Total revenues were $5.1 billion, slightly down from $5.2 billion in Q2 2023. The company saw positive performance in both Japan and U.S. segments, with Japan's pretax adjusted earnings increasing 18.6% in yen terms and U.S. pretax adjusted earnings up 3.8%. Aflac maintained its commitment to shareholders, declaring a Q3 dividend of $0.50 per share and repurchasing $800 million in shares during Q2.

USAA, a leading provider of financial services for U.S. military members, veterans, and their families, has announced a new partnership with Aflac, the leading supplemental insurance provider in the U.S. This collaboration aims to expand insurance options for USAA members, offering greater financial security.

USAA members will now have access to Aflac's supplemental insurance products, including Accident Insurance, Cancer Insurance, and Critical Illness Insurance. These plans are designed to complement existing health insurance benefits and help manage financial impacts of unexpected health events.

The partnership combines USAA's dedication to military families with Aflac's expertise in supplemental insurance, aiming to provide enhanced value and support to USAA members. Members can access information about these new insurance options at usaa.com/supplemental.

Aflac Incorporated, in partnership with Sunrise Association, delivered over 75 My Special Aflac Ducks to children at Horizon Day Camp–Metro DC. This free robotic companion, designed for pediatric cancer patients, helps children prepare for medical procedures and communicate their feelings. Aflac also contributed $70,000 to support the camp.

Since 2019, Aflac has distributed more than 31,000 ducks free of charge. A recent clinical study by Emory University showed that the duck helps pediatric patients cope with treatment-related distress and anxiety. The duck has received recognition, including being named one of Time Magazine's 50 Best Inventions.

This initiative is part of Aflac's nearly 30-year, $183 million commitment to pediatric cancer and blood disorder support. The program continues to expand in the U.S., Japan, and Northern Ireland.

Aflac has partnered with SKYGEN to enhance its Dental and Vision customer experience. SKYGEN, a technology leader in dental and vision insurance, serves nearly 50 million members across the U.S. This collaboration aims to improve customer satisfaction through advanced automation in claims and billing processes, thus supporting Aflac's growth. The SKYGEN Dental Hub will provide a unified platform for providers, insurers, and patients, streamlining connectivity and improving user experience. Members will benefit from better identification of providers and services, educational resources, and access to administrative data via SKYGEN's member portal. This partnership is expected to boost customer retention and sales growth as satisfied customers may consider other Aflac products.