Upcoming Dividend • May 12
Upcoming dividend of US$0.61 per share Eligible shareholders must have bought the stock before 19 May 2026. Payment date: 01 June 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Italian dividend payers (4.5%). Lower than average of industry peers (4.7%). Reported Earnings • May 08
First quarter 2026 earnings released: EPS: US$1.99 (vs US$0.053 in 1Q 2025) First quarter 2026 results: EPS: US$1.99 (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 5.9% growth forecast for the Insurance industry in Europe. Board Change • May 08
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. 5 experienced directors. 7 highly experienced directors. Independent Director Miwako Hosoda was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • 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. Duyuru • 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: €1.8m 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. Upcoming Dividend • Feb 10
Upcoming dividend of US$0.61 per share Eligible shareholders must have bought the stock before 17 February 2026. Payment date: 02 March 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Italian dividend payers (4.6%). Lower than average of industry peers (4.2%). Reported Earnings • Feb 07
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 5.3% growth forecast for the Insurance industry in Europe. Declared Dividend • Dec 02
Third quarter dividend of US$0.61 announced Shareholders will receive a dividend of US$0.61. Ex-date: 17th February 2026 Payment date: 2nd March 2026 Dividend yield will be 1.7%, which is lower than the industry average of 5.7%. 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. Duyuru • 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. Duyuru • 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. Reported Earnings • Nov 07
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 Europe. Duyuru • 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. Board Change • Sep 08
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. Duyuru • 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 Board Change • Aug 22
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. Declared Dividend • Aug 10
Dividend of US$0.58 announced Shareholders will receive a dividend of US$0.58. Ex-date: 19th August 2025 Payment date: 2nd September 2025 Dividend yield will be 1.9%, which is lower than the industry average of 5.7%. 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. 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 4.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in Europe. Duyuru • 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. Board Change • Jul 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. 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. Board Change • Jun 05
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 €3.5m worth of stock On the 20th of May, Masatoshi Koide sold around 37k shares on-market at roughly €93.79 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 €7.5m more than they bought in the last 12 months. Reported Earnings • May 02
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 11% growth forecast for the Insurance industry in Italy. Duyuru • 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. 
