Here are the DEF 14A proxy statements from Aflac Inc. (AFL) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow AFL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AFL filings page.
Aflac Incorporated is asking shareholders to vote at its virtual 2026 annual meeting on four key items: electing eleven directors, an advisory say-on-pay, ratifying KPMG LLP as auditor for 2026, and a shareholder proposal seeking an independent board chair, which the Board recommends voting against.
The proxy highlights 2025 performance, with net earnings of $3.6B, earnings per diluted share of $6.82 and return on equity of 13.1%. Adjusted earnings ex‑FX were $4.0B and adjusted EPS ex‑FX $7.46, with adjusted ROE ex‑FX of 17.5%. Aflac raised its cash dividend 16.0%, repurchased $3.5B of shares and delivered three‑year total shareholder return of 63.8%.
The Board emphasizes a largely independent slate (91% of nominees), diverse skills including Japanese market, risk and digital expertise, and a long-standing pay‑for‑performance program. Say‑on‑pay received 96.6% support in 2025 and has averaged 96.4% over five years.