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Aflac AFL Aflac Japan — Pretax adjusted earnings

Other segment segments

Aflac U.S.
$370M-4.6%
Corporate and other
-$10M-150%

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Other financials

Income statement

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Revenue$4.1B-1.0%
Net income$825.0M+37.7%
EPS (diluted)$1.63+46.8%

Balance sheet

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Cash & equivalents$6.1B-12.1%
Total debt$8.8B-2.4%
Total equity$30.3B+11.4%
Total assets$115.96B-7.0%

Cash flow

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Operating cash flow$112.0M-71.9%

Valuation

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Market cap$61.13B+9.7%
Enterprise value$63.83B+10.5%
P/E12.6×-10.3×
P/S3.4×-0.1×

Profitability

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Net margin26.9%+11.6pp

Returns & leverage

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Return on equity16.9%+7.8pp
Debt / equity0.3×0.0×

Where this comes from

Reported directly by Aflac in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Aflac’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 9:18 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054618
(In millions)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Corporate and other301316593599
Total adjusted expenses$3,122$3,338$6,243$6,534
Pretax earnings:
Aflac Japan (1)$741$790$1,500$1,512
Aflac U.S.370388733746
Corporate and other (2)(10)20(10)63
Pretax adjusted earnings1,1011,1982,2232,321
Other income (loss)000(53)

Item 1. Financial Statements (Unaudited)

FAQ

What is Aflac's aflac japan — pretax adjusted earnings?
Aflac (AFL) reported aflac japan — pretax adjusted earnings of $741M in Q2 2026.
How has Aflac's aflac japan — pretax adjusted earnings changed year-over-year?
Aflac's aflac japan — pretax adjusted earnings decreased by 6.2% year-over-year, from $790M to $741M.
What is the long-term trend for Aflac's aflac japan — pretax adjusted earnings?
Over 4 years (2021 to 2025), Aflac's aflac japan — pretax adjusted earnings has grown at a -2.2% compound annual growth rate (CAGR), from $3.76B to $3.44B.
What does aflac japan — pretax adjusted earnings mean?
This metric reflects the profitability of the Japan segment before income taxes, adjusted for non-recurring or non-operational items. It provides a normalized view of the segment's core earnings power, stripping out volatility from investment gains or accounting adjustments. It is a primary indicator of the segment's contribution to the company's overall financial performance.

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