Business
Aflac Incorporated Announces Third Quarter Results, Reports Third Quarter Net Earnings of $1.6 Billion, Declares Fourth Quarter Dividend
November 4, 2025 - Aflac Incorporated (NYSE: AFL) today reported its third quarter results.
About this update from Aflac Incorporated
[{"type":"text","content":"COLUMBUS, Ga., Nov. 4, 2025 /PRNewswire/ -- November 4, 2025 - Aflac Incorporated (NYSE: AFL) today reported its third quarter results.","length":135,"tagName":"p"},{"type":"text","content":"Total revenues were $4.7 billion in the third quarter of 2025, compared with $2.9 billion in the third quarter of 2024, primarily due to net investment gains of $275 million this quarter compared to net investment losses of $1.4 billion in the third quarter of 2024. Net earnings were $1.6 billion, or $3.08 per diluted share, compared with net losses of $93 million, or losses of $0.17 per diluted share a year ago.","length":416,"tagName":"p"},{"type":"text","content":"Net earnings in the third quarter of 2025 included net investment gains of $275 million, or $0.52 per diluted share, compared with net investment losses of $1.4 billion, or $2.51 per diluted share a year ago. These net investment gains were driven by net gains of $285 million on certain derivatives and foreign currency activities; net gains from sales and redemptions of $33 million; a $10 million gain from an increase in the fair value of equity securities; and no impairments; offset by $53 million of current expected credit losses (CECL).","length":545,"tagName":"p"},{"type":"text","content":"Adjusted earnings* in the third quarter were $1.3 billion, compared with $1.2 billion in the third quarter of 2024, reflecting an increase of 9.6%. Adjusted earnings per diluted share* increased 15.3% to $2.49 in the quarter. Variable investment income was in line with the company's long-term return expectations. The slightly stronger yen/dollar exchange rate did not impact adjusted earnings per share.","length":414,"tagName":"p"},{"type":"text","content":"The average yen/dollar exchange rate in the third quarter of 2025 was 147.68, or 0.2% stronger than the average rate of 147.95 in the third quarter of 2024. For the first nine months, the average exchange rate was 148.03, or 1.7% stronger than the rate of 150.60 a year ago.","length":274,"tagName":"p"},{"type":"text","content":"Shareholders' equity was $28.7 billion, or $54.57 per share, at September 30, 2025, compared with $24.8 billion, or $44.60 per share, at September 30, 2024. Shareholders' equity at the end of the third quarter included a cumulative increase of $6.8 billion for the effect of the change in...