Aflac Q1 revenue beats estimates

Aflac

29/04/2026 21:17

Overview

U.S. supplemental health insurer's Q1 revenue rose 27.9%, beating analyst expectations

Adjusted EPS for Q1 increased 5.4% but missed consensus estimates

Company returned $1.3 bln to shareholders via buybacks and dividends

Outlook

Company did not provide specific guidance for the current quarter or full year in its press release

Result Drivers

JAPAN PREMIUM DECLINE - Net earned premiums in Japan fell due to new reinsurance transactions and products reaching paid-up status

NEW PRODUCT SALES - Japan segment new premium sales rose, driven by strong demand for recently launched medical and cancer insurance products

VARIABLE INVESTMENT INCOME - Variable investment income was $14 mln below the company’s long-term return expectations

Company press release: ID:nPn5vVbP4a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$4.3 bln
$4.23 bln (6 Analysts)
Q1 Adjusted EPS
Miss
$1.75
$1.81 (14 Analysts)
Q1 EPS
$1.98
Q1 Adjusted Net Income
Miss
$901 mln
$938.79 mln (8 Analysts)
Q1 Net Income
$1 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 9 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the life & health insurance peer group is "buy."

Wall Street's median 12-month price target for Aflac Inc is $113.00, about 2.8% below its April 28 closing price of $116.29

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)