Aflac Q4 net earnings fall 27.5% to $1.4 billion; adjusted EPS rises 0.6%
Aflac reported fourth quarter 2025 net earnings of $1.4 billion, or $2.64 per diluted share, down from $1.9 billion a year earlier, on total revenues of $4.9 billion, down 9.9%. Adjusted earnings fell 5.4% to $818 million, while adjusted earnings per diluted share rose 0.6% to $1.57. The company also declared a first quarter dividend of $0.61 per share, a 5.2% increase, and repurchased $800 million of its shares in the quarter.
Key points
- Q4 2025 net earnings were $1.4 billion, or $2.64 per diluted share, versus $1.9 billion, or $3.42, a year earlier; net investment gains of $537 million contributed.
- Q4 2025 adjusted earnings were $818 million, down 5.4%; adjusted EPS was $1.57, up 0.6%.
- Full-year 2025 total revenues fell 9.3% to $17.2 billion; full-year net earnings were $3.6 billion, or $6.82 per diluted share, versus $9.63 in 2024.
- Board declared a first quarter dividend of $0.61 per share, payable March 2, 2026; the company repurchased $800 million of shares in Q4 and $3.5 billion for the 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 February 04, 2026.
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.