Q3 2025 Aflac Inc Earnings Call Transcript

Nov 5, 2025 / 01:00 PM GMT

Release Date Price: $111.24 (+2.23%)

Transcript 10-Q8-K

Key Points

Positve

Aflac Inc (AFL) reported strong net earnings per diluted share of $3.08 and adjusted earnings per diluted share of $2.49 for Q3 2025.
Aflac Japan saw an 11.8% year-over-year sales increase, with a notable 42% increase in cancer insurance sales driven by the new product, Maraito.
The company maintained strong premium persistency in both Japan and the US, with Japan at 93.3% and the US at 79%.
Aflac Inc (AFL) deployed a record $1 billion in capital to repurchase 9.3 million shares and paid dividends of $309 million, returning $1.3 billion to shareholders in Q3 2025.
The company celebrated 43 consecutive years of dividend increases, supported by strong financial performance and capital management.

Negative

Net earned premiums in Japan declined by 4% for the quarter, with underlying earned premiums excluding certain impacts declining by 1.2%.
The US segment's expense ratio increased by 90 basis points year-over-year, primarily due to a one-time early contract termination fee of $21 million.
Aflac Inc (AFL) experienced an uptick in lapsation with the recently launched cancer product, although it remained within expectations.
The company faced challenges in stabilizing its dental operations, which are still not at scale and require more growth to achieve consistent profitability.
The US business saw pressure on individual product sales as brokers leaned towards group products, impacting overall sales performance.

Refinitiv StreetEvents Event Transcript
P R E L I M I N A R Y V E R S I O N

AFL.N - Aflac Inc
Q3 2025 Aflac Inc Earnings Call
Nov 05, 2025 / 01:00PM GMT

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THIS TRANSCRIPT IS THE INITIAL PRELIMINARY VERSION WHICH LEVERAGES MACHINE LEARNING TECHNOLOGY. AS SUCH, PLEASE BE AWARE THERE MAY BE INACCURACIES IN THE TEXT DISPLAYED. FUTURE EDITED VERSIONS WILL BE REVIEWED FOR GREATER ACCURACY.

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Good day and welcome to the Aflack Incorporated 3rd quarter, 2025 earnings call. All participants will be en listen-only mode.

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