Aflac Q1 net earnings rise to $1.9 billion, or $3.25 per share, on investment gains
Aflac reported first quarter 2024 net earnings of $1.9 billion, or $3.25 per diluted share, up from $1.2 billion, or $1.94 per share, a year earlier. Revenue rose to $5.4 billion from $4.8 billion, and the filing attributes much of the increase to net investment gains of $951 million. Adjusted earnings, which exclude those gains, were $961 million, up 0.8%, and adjusted earnings per diluted share rose 7.1% to $1.66, while the company also declared a $0.50 quarterly dividend and repurchased $750 million of stock.
Key points
- Net earnings were $1.9 billion, or $3.25 per diluted share, versus $1.2 billion, or $1.94 per share, in the first quarter of 2023
- Adjusted earnings per diluted share rose 7.1% to $1.66; adjusted earnings rose 0.8% to $961 million
- Aflac repurchased 9.3 million shares for $750 million in the quarter and declared a $0.50 dividend payable June 3, 2024
- Weaker yen reduced adjusted earnings per share by $0.08 compared with the prior year
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 May 01, 2024.
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.