Aflac misses quarterly profit estimates on Japan unit weakness

Aflac

29/04/2026 22:26

April 29 (Reuters) - Health and life insurer Aflac AFL.N missed Wall Street estimates for first-quarter profit on Wednesday, dragged down by lower premiums in its Japan division.

Here are some details:

On an adjusted basis, profit for the quarter ended March 31 was $1.75 per share, below the estimate of $1.81 per share, according to data compiled by LSEG.

Shares of the Columbus, Georgia-based company fell 1.2% in extended trading.

Aflac reported total revenue of $4.3 billion for the first quarter, above analysts' estimate of $4.23 billion.

The company provides accident and pet insurance plans through its units in the U.S. and Japan.

It also offers supplemental insurance to help cover out-of-pocket costs, including specialized coverage for critical illnesses, dental care and ophthalmological requirements.

Aflac's U.S. unit earned net premiums of $1.56 billion for the reported quarter, up 3.5% from a year earlier.

U.S. sales rose 2.9% in the quarter to $318 million, primarily benefiting from sales of group voluntary products.

Quarterly premiums earned by its Japan unit fell 6.4% to $1.57 billion, reflecting softness year-over-year.

 (Reporting by Padmanabhan Ananthan in Bengaluru; Editing by Tasim Zahid)

 ((Padmanabhan.Ananthan@thomsonreuters.com;))