Aflac Inc. - AFL STOCK NEWS

Aflac's 2022 Holiday Health Issues Survey reveals that financial anxiety is hampering holiday joy for many Americans. A significant 82% plan to reduce spending on gifts and travel due to financial constraints, primarily driven by healthcare costs. Nearly half (44%) feel their income isn't matching rising expenses, with 70% reporting higher spending on necessities than in 2021. Despite wanting holiday quality time, 70% expect to work during the holidays. The survey highlights the impact of financial stress on mental health, with 55% experiencing increased anxiety this season.

Aflac announced an increase in its support for the NCAA Division 1 Women's Basketball Championship, allocating a larger portion of its advertising budget to women's sports. This move is aimed at addressing funding gaps in women's athletics. Collaborating with Coach Dawn Staley, Aflac will enhance brand visibility during the tournament, running over 30 ads for women's basketball in addition to 10 during the men's tournament. Aflac continues to be an official NCAA Corporate Partner, focusing on promoting equity in sports and closing the medical debt gap for fans and players.

Aflac Incorporated (NYSE: AFL) announced that President Frederick J. Crawford and CFO Max K. Brodén will participate in a fireside chat at the Goldman Sachs 2022 U.S. Financial Services Conference on December 6, 2022, at 10:40 a.m. ET. The event will be webcast live, with a replay available for one year. Aflac, a Fortune 500 company, provides supplemental health insurance to over 50 million people across Japan and the U.S. It is recognized as a leader in its sector, having been named among the World's Most Ethical Companies for 16 consecutive years.

The 2022-2023 Aflac WorkForces Report reveals critical insights into employee mental health and productivity. It shows that 59% of American workers experience moderate burnout, a rise from 52% in 2021. Almost half (46%) reported mental health issues negatively affecting their job performance. Employers recognize the impact on business, with 51% acknowledging it. The need for mental health coverage is paramount, yet only 61% of employees have access to such benefits. Additionally, 58% of Americans struggle to cover $1,000 in unexpected costs, emphasizing financial instability amidst rising healthcare costs.

Aflac and Trupanion have announced a joint venture to launch Aflac Pet Insurance in Japan, set to begin in the latter half of 2023, pending regulatory approvals. This collaboration aims to combine Aflac's brand and distribution expertise with Trupanion's pet insurance leadership, offering high-value medical insurance for pets. Aflac Japan's president emphasized the initiative's goal to enhance service offerings for pet owners, while Trupanion highlighted its commitment to aligning with the veterinary community in Japan's extensive hospital network.

Aflac Incorporated (NYSE: AFL) will webcast its annual Financial Analysts Briefing on November 15, 2022, at 8:00 a.m. (ET). The briefing aims to discuss Aflac's operations in Japan and the United States, along with capital management strategies and financial outlook. Interested participants must register here. Presentation slides will be available on investors.aflac.com after November 14.

Aflac Incorporated (NYSE: AFL) announced a 5.0% increase in its first quarter 2023 dividend to $0.42 per share, payable on March 1, 2023. This reflects Aflac's commitment to enhancing shareholder value through consistent dividend growth, marking 40 consecutive years of increases. Additionally, the Board authorized the repurchase of up to 100 million shares, adding to the existing 25.6 million shares, bringing the total to 125.6 million shares available for purchase. These actions demonstrate Aflac's strong capital position and responsiveness to shareholder needs.

Aflac Incorporated (NYSE: AFL) reported third-quarter results for 2022, with total revenues reaching $4.8 billion, down from $5.2 billion year-over-year. Net earnings rose to $1.6 billion or $2.53 per diluted share, boosted by a $695 million release of deferred taxes. Adjusted earnings fell 29.7% to $725 million, impacted by a 40 million variable investment income loss. Japan segment sales increased 10.2% due to a new product launch, while U.S. sales rose 11.8%. A dividend of $0.40 per share was declared, marking the 40th consecutive year of increases.

Aflac Incorporated announced the retirement of Eric Kirsch, Executive Vice President and Global Chief Investment Officer, effective March 31, 2023. He will be succeeded by Bradley Dyslin, who will take on his new role as of January 1, 2023. Kirsch, who joined Aflac 11 years ago, was instrumental in building a successful global investment team managing over $120 billion in assets. Dyslin, a key hire of Kirsch, has over 30 years of experience and has significantly improved portfolio quality. Both executives emphasized a commitment to strong performance and seamless leadership transition.