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Adjusted Earnings by Segment
Shows the operating profit for Aflac’s business units (primarily Aflac Japan and Aflac U.S.) after removing one-time items. Reveals which geography or line of business is driving sustainable earnings, how underwriting and investment results compare across segments, and how sensitive overall profit is to interest rates, claim trends, and foreign-exchange swings—key for judging dividend coverage and long-term cash generation.Japan is the clear earnings engine — driving both upside and volatility as strong new‑business and reserve remeasurements amplify quarterly outcomes — while U.S. earnings are steadier and margin‑accretive thanks to persistency and group product gains. Corporate & Other is a recurrent swing/drag, sensitive to short‑term rates, investment impairments and reinsurance timing, so headline adjusted earnings can fluctuate despite healthy underlying operations. Management’s strong capital position and buybacks cushion risk, but sustainability depends on Japan earned‑premium trends and the normalization of reserve/reinsurance effects.
Date | Corporate and Other | Japan | United States | Income Taxes |
|---|---|---|---|---|
Jun 30, 2026 | -$10.00M | $741.00M | $370.00M | -$218.00M |
Mar 31, 2026 | $0.00 | $759.00M | $363.00M | -$221.00M |
Dec 31, 2025 | -$31.00M | $712.00M | $300.00M | -$163.00M |
Sep 30, 2025 | $69.00M | $1.22B | $375.00M | -$333.00M |
Jun 30, 2025 | $20.00M | $790.00M | $388.00M | -$241.00M |
Mar 31, 2025 | $43.00M | $722.00M | $358.00M | -$217.00M |
Dec 31, 2024 | -$4.00M | $747.00M | $330.00M | -$208.00M |
Sep 30, 2024 | $15.00M | $1.07B | $350.00M | -$227.00M |
Jun 30, 2024 | $23.00M | $864.00M | $383.00M | -$235.00M |
Mar 31, 2024 | -$3.00M | $810.00M | $356.00M | -$202.00M |