Aflac Q1 net earnings fall to $29 million on $963 million investment loss
Aflac reported first-quarter 2025 net earnings of $29 million, or $0.05 per diluted share, down from $1.9 billion, or $3.25 per diluted share, a year earlier. The drop was driven by net investment losses of $963 million, while adjusted earnings fell 5.7% to $906 million and adjusted earnings per diluted share were flat at $1.66. Shareholders also received a second-quarter dividend of $0.58 per share and the company repurchased $900 million of its shares during the quarter.
Key points
- Total revenues were $3.4 billion, compared with $5.4 billion a year earlier, mainly due to net investment losses of $963 million versus net investment gains of $951 million in Q1 2024.
- Adjusted earnings were $906 million, compared with $961 million in Q1 2024, a decrease of 5.7%; adjusted earnings per diluted share were $1.66, flat year over year.
- Aflac declared a second-quarter dividend of $0.58 per share, payable June 2, 2025, to shareholders of record on May 21, 2025.
- The company repurchased 8.5 million common shares for $900 million in the first quarter and had 38.8 million shares remaining under its repurchase authorization at the end of March 2025.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing 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 April 30, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.