Aflac reported second-quarter net earnings of $825 million, up 37.7%, even as adjusted earnings fell 7.7% to $883 million. The net gain was helped by investment losses that shrank to $153 million from $421 million a year earlier, while the adjusted decline reflected a yen averaging 159.45 to the dollar, 9.3% weaker than a year earlier, which cost adjusted earnings $0.05 a share. Excluding currency in the first half, adjusted earnings per share rose 4.1% to $3.57, and Japan's pretax adjusted margin widened to 34.3% from 32.0% as claims took a smaller bite out of premiums. US net earned premiums rose 2.3% to $1.5 billion and sales climbed 2.6% to $349 million, but US pretax adjusted earnings fell 4.6% to $370 million and its margin narrowed to 20.9% from 22.5%. Aflac returned $1.3 billion to shareholders in the quarter, $983 million through buybacks, and declared a $0.61 third-quarter dividend payable September 1 to holders of record on August 19, 2026.
Aflac IncorporatedNet earnings jumped 37.7% to $825M on smaller investment losses, but adjusted earnings fell 7.7% to $883M on yen weakness and US margin narrowed to 20.9% from 22.5%.
Yulon Finance Corp
