Aflac Incorporated · AFL · Next earnings

Aflac Incorporated reports Wednesday, Nov 4, 2026

AFL reports after market close with consensus EPS at $1.81 and revenue at $4.10B. Last quarter: AFL Q1 2026: Japan Sales Surge 25.5%, EPS $1.75 Misses Estimates

Reports After market close45 days awayDate estimated Financial Services

What the street expects

Consensus for the coming report
Consensus EPS $1.81 Calendar consensus
Consensus revenue $4.10B Calendar consensus
Report date Nov 4, 2026 Wednesday, date estimated
Session After market close 45 days away

Where AFL left off: FY2026 Q1

Full report

AFL Q1 2026: Japan Sales Surge 25.5%, EPS $1.75 Misses Estimates

EPS surprise -2.2% Reported $1.75 vs $1.79
Revenue surprise +3.4% Reported $4.35B vs $4.20B
Stock move -2.2% Event window
Subsequent drift -1.1% Up to 20 sessions

Management maintained its existing outlook. The Japan premium target of approximately Y80 billion for 2026 was reaffirmed. No changes to benefit ratio guidance or earnings trajectory were indicated. Guidance sentiment: maintained.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Flat or negative underlying earned premium growth in Japan.
  • Higher benefit ratios and expense ratio increase in the U.S. segment.
  • Volatility in investment income, including real estate impairments.
  • Potential impact of yen-dollar exchange rate movements on leverage and capital ratios.
  • Regulatory scrutiny, such as possible state rate-cut pressures.

Questions analysts left open

  • Drivers behind the Japan benefit ratio and timeline for improvement.
  • Earnings impact and capital consumption of the reinsurance transaction.
  • Effect of lapse and reissue activity on IRR and overall profitability.
  • Corporate & Other segment earnings volatility due to net investment income.
  • Potential state regulator rate-cut actions on U.S. voluntary products.

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Recent AFL quarters

All AFL earnings
-2.2%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.