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Aflac Inc. - AFL STOCK NEWS

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Aflac Inc. (NYSE: AFL) is a globally recognized insurance company providing supplemental health and life insurance solutions across the United States and Japan. Established over 68 years ago, Aflac has been at the forefront of offering financial protection and peace of mind to millions of policyholders. The company's product portfolio includes cancer policies, accident insurance, dental and vision coverage, disability, and long-term care insurance.

In the United States, Aflac is the leading provider of supplemental health insurance products, reaching over 50 million people worldwide. In Japan, Aflac Life Insurance Japan holds the top position for cancer and medical insurance in terms of policies in force. The company operates through two main segments: Aflac U.S. and Aflac Japan, with the latter generating the majority of its revenue.

Aflac's innovative approach extends beyond traditional insurance. The company utilizes independent distributors to market its products, often selling directly to consumers at their workplaces, and leveraging digital mediums to reach a broader audience. The wide array of products available helps businesses of all sizes offer their employees comprehensive benefits, enhancing employee satisfaction without incurring direct costs to the employers.

Recent achievements highlight Aflac's commitment to growth and innovation. Aflac Global Investments has expanded its portfolio by acquiring a 40% stake in Tree Line Capital Partners, enhancing its capabilities in middle-market direct lending. Additionally, Aflac's strategic partnership with Nayya aims to revolutionize the claims experience for customers by integrating advanced data analytics and personalized digital benefits guidance.

The company's financial health is robust, with first-quarter 2024 revenues reported at $5.4 billion, reflecting a substantial increase from $4.8 billion in the first quarter of 2023. Net earnings also saw a significant rise to $1.9 billion, driven by net investment gains and strategic financial management.

Aflac's dedication to corporate social responsibility and sustainability is evident through its numerous accolades. The company has been recognized as one of the World's Most Ethical Companies by Ethisphere for 18 consecutive years and included in Fortune's World's Most Admired Companies for 23 years. Aflac's philanthropic efforts include the My Special Aflac Duck program, providing comfort to pediatric cancer patients, and significant contributions to cancer research and treatment.

For more information on Aflac's products, services, and ongoing initiatives, visit aflac.com.

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Aflac Incorporated (AFL) executives to participate in Goldman Sachs Financial Services Conference 2023
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Aflac (AFL) delivers My Special Aflac Duck, an innovative robotic companion, to pediatric patients at University Health in San Antonio. The event marks Aflac's commitment to bringing comfort and joy to young patients on their journeys. The My Special Aflac Duck utilizes medical play, realistic motions, and emotional emulation to interact with and provide comfort to children undergoing treatment. More than 25,000 ducks have been delivered to children with cancer and sickle cell disease free of charge. The duck includes an interactive mobile app, customizable soundscapes, smart sensors, a calming heartbeat, and breathing vibrations. It has been named Best in Show at CES in Las Vegas and featured on Time Magazine's list of Best Inventions.
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Aflac (AFL) - Tera Ladner, Aflac's VP of Risk Management and Governance, recognized as a 2023 Women in IT Security Power Player by SC Media. Aflac also named a 2023 CSO50 Award honoree by CSO from Foundry for championing security and risk management excellence. Ladner's team played a role in the project 'Feathers and Firewalls: Aflac's Zero Trust Approach' which led to the CSO50 Award. The zero-trust security model is central to Aflac's program, aiming for increased security, simplified network architecture, and cost savings.
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Aflac Incorporated releases the 13th annual Aflac WorkForces Report, revealing that employers in the U.S. are struggling to meet their employees' healthcare benefits needs. Nearly 90% of employees reporting high levels of burnout also faced other mental health challenges over the past year.
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Aflac Incorporated announced that Frederick J. Crawford, President; Chief Operating Officer, will retire effective September 30, 2024. Crawford has nearly three decades of financial experience and was responsible for overseeing administrative and operational functions as well as leading growth initiatives. Aflac CEO expressed gratitude for Crawford's contributions and confidence in the company's leadership bench. Crawford expressed enjoyment working with the team and plans to support a smooth transition before pursuing personal interests.
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Aflac Incorporated reported its third quarter results, with total revenues of $5.0 billion, compared to $4.7 billion in the same period last year. Net earnings were $1.6 billion, or $2.64 per diluted share, compared to $1.8 billion, or $2.82 per diluted share, a year ago. Adjusted earnings increased by 20.3% to $1.1 billion, with adjusted earnings per diluted share increasing by 27.8% to $1.84. Shareholders' equity was $22.7 billion at the end of the quarter, with an annualized return on average equity of 29.1%. Total new sales increased by 12.4% to ¥15.6 billion in Japan and by 7.5% to $359 million in the U.S. A dividend of $0.42 per share was declared for the fourth quarter.
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Aflac delivers hi-tech robotic ducks to children at Lurie Children's Hospital, providing comfort and joy to pediatric patients. The My Special Aflac Ducks utilize medical play and emotions to interact with children during treatment. Aflac has committed over 28 years and $170 million to support children and families facing pediatric cancer and blood disorders.
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Star Mountain Capital, a specialized investment firm with over $3.5 billion AUM, has announced that Eric Kirsch has joined as Senior Advisor. Kirsch has over 40 years of investment and advisory experience and was previously the Global Chief Investment Officer at Aflac Inc. Star Mountain Capital aims to provide investors with attractive yields and less correlated returns through customized investment solutions.
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Aflac concludes its campaign to illuminate bridges and landmarks across the US in support of National Childhood Cancer and National Sickle Cell Awareness Month. Aflac has been a champion of childhood cancer initiatives since 1995, contributing over $170 million to the cause. The campaign aims to raise awareness and encourage people to get involved.
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Aflac Incorporated is committed to supporting children with cancer and blood disorders through their 28-year commitment to the Aflac Cancer and Blood Disorders Center of Children's Healthcare of Atlanta. In honor of National Childhood Cancer Awareness and Sickle Cell Awareness Month, Aflac is lighting bridges in gold and burgundy, the colors that represent childhood cancer and sickle cell disease. By using the hashtag #BridgeToBrighter on social media, Aflac will donate $2 for every use, up to $1.5 million.
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FAQ

What is the current stock price of Aflac (AFL)?

The current stock price of Aflac (AFL) is $103.24 as of December 24, 2024.

What is the market cap of Aflac (AFL)?

The market cap of Aflac (AFL) is approximately 57.4B.

What does Aflac Inc. specialize in?

Aflac Inc. specializes in providing supplemental health and life insurance products, including cancer, accident, dental and vision, disability, and long-term care insurance.

Where does Aflac operate?

Aflac operates primarily in the United States and Japan, with Aflac Japan generating the majority of the company's revenue.

How does Aflac market its products?

Aflac markets its products through independent distributors, selling directly to consumers at their workplaces, and also utilizes digital platforms to reach customers.

What recent achievements has Aflac reported?

Recent achievements include acquiring a 40% stake in Tree Line Capital Partners and partnering with Nayya to enhance the claims experience through advanced data analytics.

How is Aflac performing financially?

Aflac reported first-quarter 2024 revenues of $5.4 billion, with net earnings reaching $1.9 billion, reflecting significant growth from the previous year.

What awards and recognitions has Aflac received?

Aflac has been recognized as one of the World's Most Ethical Companies by Ethisphere for 18 consecutive years and included in Fortune's World's Most Admired Companies for 23 years.

What is the My Special Aflac Duck program?

The My Special Aflac Duck program provides comfort to pediatric cancer patients through an interactive robotic companion that helps them prepare for medical procedures and cope with treatment-related anxiety.

How does Aflac support corporate social responsibility?

Aflac supports corporate social responsibility through significant contributions to cancer research and treatment, sustainability initiatives, and various community outreach programs.

What is Aflac Global Investments?

Aflac Global Investments is the asset management subsidiary of Aflac Inc., responsible for managing the company’s invested assets in Japan and the U.S., and recently expanded its portfolio by acquiring a stake in Tree Line Capital Partners.

How can businesses benefit from Aflac's products?

Businesses can offer Aflac’s wide range of supplemental health insurance products to their employees, enhancing employee benefits without incurring direct costs and helping attract and retain talent.

Aflac Inc.

NYSE:AFL

AFL Rankings

AFL Stock Data

57.35B
498.80M
10.14%
60.52%
1.49%
Insurance - Life
Accident & Health Insurance
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United States of America
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