Aflac Q3 net earnings fall 11.9% to $1.6 billion; adjusted EPS rises 27.8% to $1.84
Aflac reported third-quarter 2023 total revenues of $5.0 billion, up 5.2% from a year earlier, while net earnings fell 11.9% to $1.6 billion, or $2.64 per diluted share. Adjusted earnings rose 20.3% to $1.1 billion, and adjusted earnings per diluted share rose 27.8% to $1.84. The company also raised its first quarter 2024 dividend 19% to $0.50 per share and repurchased $700 million of its stock during the quarter.
Key points
- Total revenues were $5.0 billion, up from $4.7 billion in the third quarter of 2022.
- Net earnings were $1.6 billion, or $2.64 per diluted share, versus $2.82 per diluted share a year earlier.
- Adjusted earnings per diluted share rose 27.8% to $1.84; net investment gains of $423 million were a key factor in the GAAP result.
- The board declared a fourth quarter dividend of $0.42 per share and a first quarter 2024 dividend of $0.50 per share, a 19% increase.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 01, 2023.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.