Aflac Q2 net earnings fall to $599 million from $1.8 billion on investment losses
Aflac reported second-quarter 2025 net earnings of $599 million, or $1.11 per diluted share, down from $1.8 billion, or $3.10 per share, a year earlier. The drop reflects net investment losses of $421 million, while adjusted earnings fell 7.5% to $957 million, so shareholders face lower reported profit even as the company kept its dividend growing and repurchased $829 million of shares.
Key points
- Total revenues were $4.2 billion, compared with $5.1 billion in the second quarter of 2024.
- Adjusted earnings per diluted share decreased 2.7% to $1.78; net investment losses were $421 million.
- The board declared a third-quarter dividend of $0.58 per share, payable September 2, 2025.
- In the second quarter, Aflac repurchased 7.9 million shares for $829 million, with 30.9 million shares remaining authorized.
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 August 05, 2025.
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.