Declared Dividend • May 10
First quarter dividend of US$0.61 announced Shareholders will receive a dividend of US$0.61. Ex-date: 20th May 2026 Payment date: 1st June 2026 Dividend yield will be 2.1%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 7.7% over the next 3 years. However, it would need to fall by 70% to increase the payout ratio to a potentially unsustainable range. New Risk • May 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.4% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$2.9m sold). Reported Earnings • May 01
First quarter 2026 earnings released: EPS: US$1.97 (vs US$0.053 in 1Q 2025) First quarter 2026 results: EPS: US$1.97 (up from US$0.053 in 1Q 2025). Revenue: US$4.35b (up 28% from 1Q 2025). Net income: US$1.02b (up US$990.0m from 1Q 2025). Profit margin: 23% (up from 0.9% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 7.8% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Annonce • Mar 23
Aflac Incorporated Introduces New Long-Term Care Rider with Flexible Benefits Aflac Incorporated added a powerful new worksite benefit to its Group Life Term to 120 product. This hybrid term life with long-term care (LTC) product is the first of its kind to offer true protection against higher costs of caring for individuals as they age and will help protect the financial stability of American consumers. According to the World Health Organization, 1 in 6 people in the U.S. will be over the age of 60 by the year 2030. A significant issue facing Americans and their loved ones is their ability to access the best possible long-term care that addresses their needs as they age. Additionally, our aging society — a phenomenon known as the Silver Tsunami, representing the shift of baby boomers reaching retirement age — will also need to cover rising costs associated with LTC. With Aflac's new rider, the LTC benefit is built with unique flexibility, supporting a wide range of circumstances. Full LTC benefit eligibility is available regardless of the care setting or the caregiver, providing insureds with options. They have the freedom to choose either home-based care or facility-based care, as well as informal care from a family member or friend or a professional caregiver. This is valuable to many people who prefer to age in their own homes and receive care from someone they know personally. The customer can also take advantage of the benefits during his or her lifetime rather than being utilized following a death. Customers can rest easy knowing the rider includes: Optional extension of the LTC benefit period and restoration of the full-face amount of life insurance, even after it has been used to fund LTC; Optional inflation protection benefit; Annually accruing fund that grows the value of the LTC benefit over time and helps to offset LTC cost increases; Flexible benefits payment options, such as a one-time lump sum for catastrophic costs or periodic payments that better suit the needs of the customer; Portability, which means a customer can keep these benefits even after they leave employment. The Aflac Group Life Term to 120 with LTC helps insured individuals take advantage of a meaningful opportunity to feel secure in the years to come. This new long-term care rider can play an important role in offering meaningful financial protection and security at a time that can be difficult on many levels, from emotional to financial. Products and benefits vary by state and are not currently available in all states. Aflac Group products are underwritten by Continental American Insurance Company (CAIC). CAIC is not licensed to solicit business in New York, Guam or the Virgin Islands. For groups sitused in California, group coverage is underwritten by Continental American Life Insurance Company. Annonce • Mar 20
Aflac Incorporated, Annual General Meeting, May 04, 2026 Aflac Incorporated, Annual General Meeting, May 04, 2026. New Risk • Feb 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$2.1m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Feb 12
Senior EVP & CFO recently sold US$1.5m worth of stock On the 6th of February, Max Kristian Broden sold around 13k shares on-market at roughly US$118 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Max Kristian's only on-market trade for the last 12 months. Upcoming Dividend • Feb 11
Upcoming dividend of US$0.61 per share Eligible shareholders must have bought the stock before 18 February 2026. Payment date: 02 March 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (5.3%). Lower than average of industry peers (4.1%). Reported Earnings • Feb 06
Full year 2025 earnings released: EPS: US$6.84 (vs US$9.68 in FY 2024) Full year 2025 results: EPS: US$6.84 (down from US$9.68 in FY 2024). Revenue: US$17.2b (down 9.3% from FY 2024). Net income: US$3.65b (down 33% from FY 2024). Profit margin: 21% (down from 29% in FY 2024). Combined ratio: 79.8% (up from 63.9% in FY 2024). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Declared Dividend • Dec 02
Dividend of US$0.61 announced Shareholders will receive a dividend of US$0.61. Ex-date: 18th February 2026 Payment date: 2nd March 2026 Dividend yield will be 2.2%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Nov 18
Aflac Incorporated Expands Support for Children with New Book 'Beyond Words' Aflac Incorporated released a new children's book highlighting the power of empathy, kindness and compassion for loved ones, especially children, facing health challenges. Award-winning author Fink introduces readers to Buddy, a bear cub who struggles to find the right words to comfort his friend, Bunny, who is in the hospital. As Buddy's imagination takes flight, readers follow his intergalactic space adventures with new friends who help him understand that sometimes it's not what you say, but what you do -- beyond words -- that matters most when someone is in need. "Beyond Words" is an extension of Aflac's longtime culture of care, inspired by My Special Aflac Duck®?, a robotic duck given free of charge to provide comfort to more than 40,000 children (ages 3 and up) with cancer and sickle cell disease across the U.S., Japan and Northern Ireland since 2018. The My Special Aflac Duck program is part of Aflac's philanthropic efforts through the Aflac childhood Cancer Foundation and a 30-plus year commitment to the Aflac Cancer and Blood Disorders Center of Children's Healthcare of Atlanta, with nearly $200 million in support. To write "Beyond Words," Fink drew on her experience as a No. 1 bestselling author of more than 15 children's books and her mission to inspire, delight and educate children. Through her work, Fink often gives back by visiting schools to speak to students about kindness and overcoming adversity -- and reading her books to patients at children's hospitals. Visit Aflac.com/BeyondWords for purchase options, including Archway Publishing, from Simon & Schuster, and Amazon.com. The hard cover book is $21.99, and soft cover is $12.99, with 100% of net proceeds benefiting childhood cancer and blood disorders research and treatment through the Aflac Childhood Cancer Foundation. Annonce • Nov 12
Aflac Incorporated Declares First Quarter Dividend, Payable on March 2, 2026 Aflac Incorporated announced that its Board of Directors has declared the first quarter dividend of $0.61 per share, payable on March 2, 2026, to shareholders of record at the close of business on February 18, 2026. This represents a 5.2% increase over the previously declared fourth quarter 2025 dividend. Declared Dividend • Nov 09
Third quarter dividend of US$0.58 announced Shareholders will receive a dividend of US$0.58. Ex-date: 19th November 2025 Payment date: 1st December 2025 Dividend yield will be 2.0%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: US$3.09 (vs US$0.17 loss in 3Q 2024) Third quarter 2025 results: EPS: US$3.09 (up from US$0.17 loss in 3Q 2024). Revenue: US$4.74b (up 61% from 3Q 2024). Net income: US$1.64b (up US$1.73b from 3Q 2024). Profit margin: 35% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Annonce • Nov 05
Aflac Incorporated Declares the Fourth Quarter Dividend, Payable on December 1, 2025 The board of directors of Aflac Incorporated declared the fourth quarter dividend of $0.58 per share, payable on December 1, 2025 to shareholders of record at the close of business on November 19, 2025. Annonce • Aug 30
Aflac Incorporated to Report Fiscal Year 2025 Results on Feb 04, 2026 Aflac Incorporated announced that they will report fiscal year 2025 results at 8:00 AM, US Eastern Standard Time on Feb 04, 2026 Declared Dividend • Aug 10
Second quarter dividend of US$0.58 announced Shareholders will receive a dividend of US$0.58. Ex-date: 20th August 2025 Payment date: 2nd September 2025 Dividend yield will be 2.2%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 75% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Aug 06
Aflac Incorporated Declares Third Quarter Dividend, Payable on September 2, 2025 The board of directors of Aflac Incorporated declared the third quarter dividend of $0.58 per share, payable on September 2, 2025 to shareholders of record at the close of business on August 20, 2025. New Risk • Aug 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 15% Last year net profit margin: 28% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (15% net profit margin). Significant insider selling over the past 3 months (US$5.0m sold). Reported Earnings • Aug 06
Second quarter 2025 earnings released: EPS: US$1.12 (vs US$3.11 in 2Q 2024) Second quarter 2025 results: EPS: US$1.12 (down from US$3.11 in 2Q 2024). Revenue: US$4.16b (down 19% from 2Q 2024). Net income: US$599.0m (down 66% from 2Q 2024). Profit margin: 14% (down from 34% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. Independent Director Miwako Hosoda was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 23
Board Member recently sold US$3.9m worth of stock On the 20th of May, Masatoshi Koide sold around 37k shares on-market at roughly US$106 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$8.4m more than they bought in the last 12 months. Declared Dividend • May 04
First quarter dividend of US$0.58 announced Shareholders will receive a dividend of US$0.58. Ex-date: 21st May 2025 Payment date: 2nd June 2025 Dividend yield will be 2.1%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 01
First quarter 2025 earnings released: EPS: US$0.053 (vs US$3.27 in 1Q 2024) First quarter 2025 results: EPS: US$0.053 (down from US$3.27 in 1Q 2024). Revenue: US$3.40b (down 38% from 1Q 2024). Net income: US$29.0m (down 99% from 1Q 2024). Profit margin: 0.9% (down from 35% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 01
Aflac Incorporated Declares Second Quarter Dividend, Payable on June 2, 2025 The board of directors of Aflac Incorporated declared the second quarter dividend of $0.58 per share, payable on June 2, 2025 to shareholders of record at the close of business on May 21, 2025. Annonce • Mar 21
Aflac Incorporated, Annual General Meeting, May 05, 2025 Aflac Incorporated, Annual General Meeting, May 05, 2025. Recent Insider Transactions • Mar 12
Board Member recently sold US$3.2m worth of stock On the 10th of March, Charles Ditmars Lake sold around 30k shares on-market at roughly US$107 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$4.5m more than they bought in the last 12 months. Annonce • Feb 27
Aflac Incorporated Appoints Michael Fradkin as Senior Vice President Aflac Incorporated announced the hiring of Michael Fradkin as senior vice president, Aflac Dental and Vision, a business unit that is a key component of the company's offering. Fradkin will report to Aflac U.S. Executive Vice President, COO and CFO Frederic Simard and will lead operations with a focus on customer experience, provider network growth and business expansion. Fradkin brings more than 30 years of group insurance experience, specializing in dental and vision coverage. Most recently, he served as president of FastTrack, a made-for-insurance intelligent technology solutions provider, where he oversaw expansion into new markets while also driving significant improvements in quality and customer service. Prior to FastTrack, he served in various financial, product and strategy leadership positions with MetLife, Guardian and Lincoln Financial. Fradkin holds a bachelor's degree in Statistics and Economics from Rutgers University and has completed numerous executive programs at Harvard Business School. He is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries. Annonce • Feb 24
Aflac Incorporated Announces the Launch of Its Latest Individual Aflac Accident Insurance Product Aflac Incorporated announced the launch of its latest individual Aflac Accident Insurance product to help provide financial peace of mind when facing a covered accident. The new Aflac Accident Insurance plan provides policyholders with cash benefits after a covered accident, including health services such as ambulance, ER, urgent care, physical therapy, mental health therapy and more. The product is available in 32 states and provides a variety of coverage types that appeal to consumers in all life stages. A primary feature of the new product is how it nearly doubles coverage for follow-up care treatments, including broadening treatment care to include mental health benefits when an accident occurs. The enhancements also provide increased preventive care, designed to promote overall health and wellness. Besides the physical pain, the financial impact from treating accidents can be just as hurtful and costly. The 2025 Aflac WorkForces Report shows that 51% of American employees could not pay $1,000 out-of-pocket in the event of an unexpected illness or injury. Nearly 22% said they could not cover $500. Aflac's new Accident Insurance plan is designed to help consumers and their families become better prepared to address many of the everyday expenses that health insurance doesn't cover when an accident occurs. Key benefits include: Nearly doubled benefits -- Out-of-pocket expenses increase with the severity of an accident, so this new plan nearly doubles benefits related to post-accident medical care visits per covered accident based on policyholder need. In addition, the company became a signatory of the Principles for Responsible Investment (PRI) in 2021 and has been included in the Dow Jones Sustainability North America Index (2024) for 11 years. Upcoming Dividend • Feb 12
Upcoming dividend of US$0.58 per share Eligible shareholders must have bought the stock before 19 February 2025. Payment date: 03 March 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (5.1%). Reported Earnings • Feb 06
Full year 2024 earnings released: EPS: US$9.78 (vs US$7.82 in FY 2023) Full year 2024 results: EPS: US$9.78 (up from US$7.82 in FY 2023). Revenue: US$18.9b (up 1.2% from FY 2023). Net income: US$5.44b (up 17% from FY 2023). Profit margin: 29% (up from 25% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Insurance industry in the United Kingdom are expected to grow by 7.4%. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 16% per year. Declared Dividend • Dec 09
Dividend of US$0.58 announced Shareholders will receive a dividend of US$0.58. Ex-date: 19th February 2025 Payment date: 3rd March 2025 Dividend yield will be 2.0%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 1.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Dec 03
Aflac Incorporated Declares Dividend for First Quarter of 2025, Payable on March 3, 2025 Aflac Incorporated announced that its Board of Directors has declared the first quarter dividend of $0.58 per share, payable on March 3, 2025, to shareholders of record at the close of business on February 19, 2025. This represents a 16.0% increase over the previously declared fourth quarter dividend. Declared Dividend • Nov 04
Third quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 20th November 2024 Payment date: 2nd December 2024 Dividend yield will be 1.9%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Third quarter 2024 earnings released: US$0.17 loss per share (vs US$2.65 profit in 3Q 2023) Third quarter 2024 results: US$0.17 loss per share (down from US$2.65 profit in 3Q 2023). Revenue: US$2.95b (down 40% from 3Q 2023). Net loss: US$93.0m (down 106% from profit in 3Q 2023). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 23
Aflac Incorporated to Report Q3, 2024 Results on Oct 30, 2024 Aflac Incorporated announced that they will report Q3, 2024 results at 8:00 AM, US Eastern Standard Time on Oct 30, 2024 Declared Dividend • Aug 04
Second quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 21st August 2024 Payment date: 2nd September 2024 Dividend yield will be 2.0%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 29% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: US$3.08 (vs US$2.72 in 2Q 2023) Second quarter 2024 results: EPS: US$3.08 (up from US$2.72 in 2Q 2023). Revenue: US$5.14b (flat on 2Q 2023). Net income: US$1.76b (up 7.4% from 2Q 2023). Profit margin: 34% (up from 32% in 2Q 2023). Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Insurance industry in the United Kingdom are expected to grow by 7.8%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 01
Aflac Incorporated Declares Third Quarter Cash Dividend, Payable on September 2, 2024 The board of directors of Aflac Incorporated declared the third quarter dividend of $0.50 per share, payable on September 2, 2024 to shareholders of record at the close of business on August 21, 2024. Annonce • May 28
Aflac Incorporated to Report Q2, 2024 Results on Jul 31, 2024 Aflac Incorporated announced that they will report Q2, 2024 results at 8:00 AM, US Eastern Standard Time on Jul 31, 2024 Declared Dividend • May 06
First quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 21st May 2024 Payment date: 3rd June 2024 Dividend yield will be 2.2%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 27% over the next 3 years. However, it would need to fall by 79% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$3.27 (vs US$1.94 in 1Q 2023) First quarter 2024 results: EPS: US$3.27 (up from US$1.94 in 1Q 2023). Revenue: US$5.44b (up 13% from 1Q 2023). Net income: US$1.88b (up 58% from 1Q 2023). Profit margin: 35% (up from 25% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Insurance industry in the United Kingdom are expected to grow by 8.1%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 02
Aflac Incorporated Declares Second Quarter Cash Dividend, Payable on June 3, 2024 The board of directors of Aflac Incorporated declared the second quarter dividend of $0.50 per share, payable on June 3, 2024 to shareholders of record at the close of business on May 22, 2024. New Risk • Mar 24
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.3m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.4% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$1.3m sold). Upcoming Dividend • Feb 13
Upcoming dividend of US$0.50 per share at 2.5% yield Eligible shareholders must have bought the stock before 20 February 2024. Payment date: 01 March 2024. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (5.1%). Annonce • Feb 07
Aflac Incorporated to Report Q1, 2024 Results on May 01, 2024 Aflac Incorporated announced that they will report Q1, 2024 results at 8:00 AM, US Eastern Standard Time on May 01, 2024 Reported Earnings • Feb 01
Full year 2023 earnings released: EPS: US$7.82 (vs US$6.62 in FY 2022) Full year 2023 results: EPS: US$7.82 (up from US$6.62 in FY 2022). Revenue: US$18.7b (down 4.1% from FY 2022). Net income: US$4.66b (up 11% from FY 2022). Profit margin: 25% (up from 22% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 28% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 01
Aflac Incorporated Declares First Quarter Dividend, Payable on March 1, 2024 Aflac Incorporated board of directors declared the first quarter dividend of $0.50 per share, payable on March 1, 2024 to shareholders of record at the close of business on February 21, 2024. Annonce • Dec 09
Aflac Incorporated Announces Executive Changes Aflac Incorporated was notified on December 5, 2023, that June P. Howard, Senior Vice President and Chief Accounting Officer of the Company, will retire from these positions effective December 31, 2023. The Company has appointed Robin Blackmon as Senior Vice President and Chief Accounting Officer of the Company, effective January 1, 2024. Ms. Blackmon, age 60, has served as the Company’s Vice President and Deputy Chief Accounting Officer since January 2023. She is responsible for financial reporting, investment accounting, corporate financial planning and analysis, accounting policy and investment advisory. Ms. Blackmon joined the Company’s subsidiary, American Family Life Assurance Company of Columbus (“Aflac”), in May 2011 and has held various positions with Aflac and the Company in Finance and Human Resources. Most recently, she served as Director, Executive Compensation of Aflac between June 2016 and February 2018, Director, Corporate HR and Executive Compensation of the Company between February 2018 and April 2019, Director, Corporate Financial Planning & Analysis of the Company between May 2019 and December 2019, and Vice President, Corporate Financial Planning & Analysis of the Company between January 2020 and December 2022. In the 10 year period before joining Aflac, Ms. Blackmon also held positions in Finance and Human Resources at other companies, including working as an auditor with Ernst & Young. Annonce • Dec 02
Aflac Incorporated to Report Fiscal Year 2023 Results on Jan 31, 2024 Aflac Incorporated announced that they will report fiscal year 2023 results on Jan 31, 2024 Annonce • Nov 18
Aflac Incorporated Appoints Daniel P. Amos as President, Effective on January 1, 2024 On November 16, 2023, Aflac Incorporated appointed Daniel P. Amos as President of the company, effective January 1, 2024. Mr. Amos also currently serves as the Company's Chairman and Chief Executive Officer. Information regarding Mr. Amos' background, business experience and compensation is incorporated by reference from the definitive proxy statement on Schedule 14A for the 2023 Annual Meeting of Shareholders of Aflac Incorporated, which was filed with the U.S. Securities and Exchange Commission on March 16, 2023. Recent Insider Transactions • Nov 14
Board Member recently sold US$2.6m worth of stock On the 9th of November, Masatoshi Koide sold around 32k shares on-market at roughly US$80.32 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$8.1m. Insiders have been net sellers, collectively disposing of US$17m more than they bought in the last 12 months. Recent Insider Transactions • Nov 07
President & COO recently sold US$8.1m worth of stock On the 2nd of November, Frederick John Crawford sold around 100k shares on-market at roughly US$81.37 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Frederick John's only on-market trade for the last 12 months. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$2.63 (vs US$2.54 in 3Q 2022) Third quarter 2023 results: EPS: US$2.63. Revenue: US$4.95b (up 2.7% from 3Q 2022). Net income: US$1.57b (down 1.7% from 3Q 2022). Profit margin: 32% (down from 33% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Insurance industry in the United Kingdom are expected to grow by 32%. Board Change • Sep 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. Independent Director Nobuchika Mori was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Aug 27
Aflac Incorporated to Report Q3, 2023 Results on Nov 01, 2023 Aflac Incorporated announced that they will report Q3, 2023 results on Nov 01, 2023 Upcoming Dividend • Aug 15
Upcoming dividend of US$0.42 per share at 2.2% yield Eligible shareholders must have bought the stock before 22 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (4.8%). Buying Opportunity • Aug 08
Now 20% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be US$95.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.3% over the last 3 years. Earnings per share has grown by 6.5%. For the next 3 years, revenue is forecast to decline by 2.0% per annum. Earnings is also forecast to decline by 11% per annum over the same time period. Annonce • Aug 02
Aflac Incorporated Declares Third Quarter Cash Dividend, Payable on September 1, 2023 The board of directors of Aflac Incorporated declared the third quarter dividend of $0.42 per share, payable on September 1, 2023 to shareholders of record at the close of business on August 23, 2023. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$2.70 (vs US$2.17 in 2Q 2022) Second quarter 2023 results: EPS: US$2.70 (up from US$2.17 in 2Q 2022). Revenue: US$5.17b (down 4.2% from 2Q 2022). Net income: US$1.63b (up 18% from 2Q 2022). Profit margin: 32% (up from 26% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Insurance industry in the United Kingdom are expected to grow by 39%. Buying Opportunity • Jun 21
Now 21% undervalued Over the last 90 days, the stock is up 6.3%. The fair value is estimated to be US$85.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to decline by 1.1% per annum. Earnings is also forecast to decline by 6.6% per annum over the same time period. Annonce • May 21
Aflac Incorporated to Report Q2, 2023 Results on Aug 01, 2023 Aflac Incorporated announced that they will report Q2, 2023 results on Aug 01, 2023 Buying Opportunity • May 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.9%. The fair value is estimated to be US$83.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to decline by 0.02% per annum. Earnings is also forecast to decline by 3.0% per annum over the same time period. Upcoming Dividend • May 09
Upcoming dividend of US$0.42 per share at 2.5% yield Eligible shareholders must have bought the stock before 16 May 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (4.4%). Board Change • May 07
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. ESVP of Corp. Div., Human Capital Mgmt.,General Affairs & Dir. of Aflac Life Insurance Japan Shinsuke Morimoto was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • May 06
Aflac Incorporated Elects Miwako Hosoda to Board of Directors Aflac Incorporated at its Annual Meeting of the Shareholders held on May 1, 2023, approved the election of Miwako Hosoda to board of directors. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$1.93 (vs US$1.59 in 1Q 2022) First quarter 2023 results: EPS: US$1.93 (up from US$1.59 in 1Q 2022). Revenue: US$4.80b (down 9.0% from 1Q 2022). Net income: US$1.19b (up 15% from 1Q 2022). Profit margin: 25% (up from 20% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 41% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 07
Upcoming dividend of US$0.42 per share at 2.4% yield Eligible shareholders must have bought the stock before 14 February 2023. Payment date: 01 March 2023. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (4.0%). Reported Earnings • Feb 03
Full year 2022 earnings released: EPS: US$6.73 (vs US$6.42 in FY 2021) Full year 2022 results: EPS: US$6.73. Revenue: US$19.5b (down 12% from FY 2021). Net income: US$4.20b (down 2.9% from FY 2021). Profit margin: 22% (up from 20% in FY 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Insurance industry in the United Kingdom are expected to grow by 24%. Annonce • Feb 02
Aflac Incorporated Announces Increase in First Quarter Cash Dividend, Payable on March 1, 2023 The board of directors of Aflac Incorporated declared the first quarter dividend of $0.42 per share, payable on March 1, 2023 to shareholders of record at the close of business on February 15, 2023. Annonce • Dec 21
Aflac Incorporated to Report Fiscal Year 2022 Results on Feb 01, 2023 Aflac Incorporated announced that they will report fiscal year 2022 results at 4:00 PM, US Eastern Standard Time on Feb 01, 2023 Recent Insider Transactions • Dec 16
Insider recently sold US$331k worth of stock On the 13th of December, Albert Riggieri sold around 5k shares on-market at roughly US$70.60 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.0m. Insiders have been net sellers, collectively disposing of US$5.9m more than they bought in the last 12 months. Recent Insider Transactions • Nov 19
Executive VP recently sold US$2.0m worth of stock On the 16th of November, Eric Kirsch sold around 28k shares on-market at roughly US$70.90 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$4.2m more than they bought in the last 12 months. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. Independent Director Nobuchika Mori was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 08
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 15 November 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (4.9%). Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: US$2.54 (vs US$1.33 in 3Q 2021) Third quarter 2022 results: EPS: US$2.54 (up from US$1.33 in 3Q 2021). Revenue: US$4.82b (down 8.0% from 3Q 2021). Net income: US$1.60b (up 80% from 3Q 2021). Profit margin: 33% (up from 17% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Insurance industry in the United Kingdom are expected to grow by 28%. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 16
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 23 August 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (5.1%). Lower than average of industry peers (4.4%). Recent Insider Transactions • Aug 09
President of Aflac US recently sold US$592k worth of stock On the 5th of August, Teresa White sold around 10k shares on-market at roughly US$59.24 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.3m more than they bought in the last 12 months. Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: US$2.17 (vs US$1.63 in 2Q 2021) Second quarter 2022 results: EPS: US$2.17 (up from US$1.63 in 2Q 2021). Revenue: US$5.40b (down 2.9% from 2Q 2021). Net income: US$1.39b (up 26% from 2Q 2021). Profit margin: 26% (up from 20% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 11% compared to a 153% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. Independent Director Nobuchika Mori was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 10
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 17 May 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (4.9%). Lower than average of industry peers (5.1%). Recent Insider Transactions • May 01
Independent Director recently bought US$59k worth of stock On the 28th of April, Karole Lloyd bought around 1k shares on-market at roughly US$59.36 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$4.0m more in shares than they bought in the last 12 months. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$1.59 (vs US$1.88 in 1Q 2021) First quarter 2022 results: EPS: US$1.59 (down from US$1.88 in 1Q 2021). Revenue: US$5.27b (down 10% from 1Q 2021). Net income: US$1.03b (down 20% from 1Q 2021). Profit margin: 20% (down from 22% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 6.4% compared to a 132% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. Independent Director Georgette Kiser was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 