Aflac Inc. - AFL STOCK NEWS

Aflac's inaugural Care Index survey reveals significant financial vulnerability among insured Americans regarding medical expenses. Conducted with over 6,500 participants, findings indicate that 46% lack sufficient savings for unexpected medical costs. Alarmingly, 24% reported no savings, while 48% have less than $1,000. The survey highlights regional disparities, particularly in states like Arkansas and West Virginia, where over 79% of residents struggle to meet out-of-pocket expenses. Aflac aims to address these issues with its 'Close the Gap' initiative and plans to allocate $1 million to assist those facing medical debt.

Aflac reported fourth-quarter 2021 revenues of $5.4 billion, down from $5.9 billion in Q4 2020. Net earnings grew to $1.0 billion ($1.57/share), up from $951 million ($1.35/share) a year earlier. Adjusted earnings per diluted share rose 19.6% to $1.28 due to increased investment income. Total investments at year-end totaled $143 billion. In Japan, net earned premiums fell 4.3%, while in the U.S., they declined 1.3%. The company declared a $0.40 dividend per share for Q1 2022. Aflac remains cautiously optimistic amid ongoing pandemic challenges.

Aflac announced that Teresa White, President of Aflac U.S., has been recognized as a 2022 Influential Leader by AACSB International. This honor celebrates her impact in promoting diversity and innovation in business education. Aflac's workforce comprises 66% women and nearly 50% people of color, exemplifying the company's commitment to inclusion. The organization also allocated 72% of its philanthropic spending in 2021 towards underserved communities, including a $600 million investment in affordable housing. This recognition underscores Aflac's leadership in both the insurance industry and corporate social responsibility.

Aflac has launched the Close the Gap initiative to combat medical debt and health disparities in America, impacting nearly 50% of Americans. The company revealed findings from the Aflac Care Index, showing that 65% of Americans' savings are less than their health insurance deductible, with 24% having $0 in savings. Aflac plans to distribute $1 million in grants throughout 2022 to help those affected by medical debt. The initiative includes the animated film "The Park Bench" highlighting the emotional and financial toll of medical emergencies.

Aflac Incorporated (NYSE: AFL) announced its plans to release fourth quarter financial results after market close on February 2, 2022. Earnings materials will be available on their Investor Relations website. A conference call is scheduled for 8:00 a.m. ET on February 3, 2022, where executives will discuss the results and outlook, particularly in relation to the ongoing COVID-19 pandemic. Aflac is a leading supplemental insurer, providing coverage to over 50 million people, emphasizing its commitment to ethical practices and sustainability.

The 2021 Aflac Health Care Issues Survey reveals that many American households face significant financial challenges due to medical expenses, particularly in the wake of COVID-19. Approximately 64% of households affected by COVID-19 incurred out-of-pocket medical costs over the last year. As the holiday season approaches, 60% of these families worry about financial burdens. Additionally, households with children are disproportionately impacted, with many reporting they are forced to take on extra work or deplete savings. Aflac highlights the importance of supplemental insurance to help cover these expenses.

Aflac has been ranked 15th in the 2021 American Innovation Index and 1st in the life and disability insurance category. The index measures innovation based on customer experiences, making it unique in its approach. This is the fourth consecutive year Aflac has made the list. Additionally, Aflac ranked 11th in the Social Innovation Index, again leading the life and disability insurance sector. The company has distributed over 12,000 My Special Aflac Ducks to children in need, with plans to expand the program to sickle cell disease in 2022.

Aflac Incorporated (NYSE: AFL) will have President Frederick J. Crawford and CFO Max K. Brodén participate in a fireside chat at the Goldman Sachs 2021 U.S. Financial Services Conference on December 7, 2021, at 1:00 p.m. ET. The presentation will be webcast live, and interested parties can register at least 15 minutes in advance. A replay of the session will be available for one year post-event. Aflac is a leading supplemental insurer, protecting over 50 million people, and is recognized for its commitment to responsible investment and sustainability.