Welcome to our dedicated page for Aflac news (Ticker: AFL), a resource for investors and traders seeking the latest updates and insights on Aflac stock.
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.
Aflac, a leading healthcare insurance company operating predominantly in Japan, has promoted its first female executive in the country, underscoring its commitment to workplace equality and diversity. CEO Dan Amos emphasized the importance of having more women in leadership roles, noting that women were underrepresented in executive positions despite Aflac Japan constituting nearly 70% of the company's business. The promotion is aligned with Aflac's broader strategy to foster an inclusive work environment, reflecting its corporate values of equality and diversity.
On June 28, 2024, Coach Dawn Staley partnered with Aflac to distribute 16 My Special Aflac Ducks to sickle cell patients at Prisma Health Children's Hospital-Midlands. The robotic ducks, designed with input from children, families, and medical professionals, help young patients cope with medical treatments. Recognized by Time Magazine and CES, the ducks provide emotional support through lifelike interactions and art therapy. Since 2018, Aflac has donated over 30,000 ducks to children in the U.S., Japan, and Northern Ireland, expanding to include sickle cell patients in 2022. Aflac has contributed more than $182 million to pediatric cancer and blood disorder research since 1995.
Aflac will release its Q2 2024 financial results on July 31, 2024, post-market close. The earnings materials, including the release and financial supplement, will be accessible on the company's Investor Relations website. Additionally, a financial update video by CFO Max Brodén will be available.
Aflac will host a webcast on August 1, 2024, at 8:00 a.m. ET, featuring CEO Daniel P. Amos and Brodén, who will discuss the quarterly results, outlook, and answer questions. Investors can register for the webcast on the company's Investor Relations site.
On June 26, 2024, Deion 'Coach Prime' Sanders partnered with Aflac to deliver My Special Aflac Ducks to pediatric patients at Children's Hospital Colorado. These robotic ducks assist children with cancer and sickle cell disease by providing comfort and helping them manage medical procedures and emotions. Since its launch in 2018, over 31,000 ducks have been distributed across the U.S., Japan, and Northern Ireland. A recent study by Emory University confirmed the duck's effectiveness in reducing anxiety and distress in young patients. Aflac, a leading supplemental health insurance provider, has a longstanding commitment to pediatric cancer and blood disorder support.
On June 25, 2024, Aflac partnered with Hall of Fame athlete and University of Colorado Boulder Head Football Coach Deion "Coach Prime" Sanders to distribute My Special Aflac Ducks at Children's Hospital Colorado. The social robotic duck aims to comfort pediatric patients with cancer and sickle cell disease by helping them prepare for medical procedures and practice distraction techniques. Designed in collaboration with over 100 children, families, and medical professionals, these ducks have been clinically proven to reduce anxiety and distress. Since its launch in 2018, Aflac has distributed nearly 31,000 ducks worldwide. The event featured a scavenger hunt, bringing joy to the young patients, and highlighted Aflac's continued commitment to supporting pediatric cancer and blood disorder treatments with over $182 million in contributions since 1995.
Aflac has demonstrated a strong commitment to corporate social responsibility through significant community engagement. In 2023, Aflac employees volunteered a total of 10,000 hours, aiding various community programs and initiatives. This effort highlights the company's dedication to social impact and employee involvement beyond traditional business operations. Aflac's culture of caring extends to its employees, policyholders, and the broader communities where it operates.
For more information, visit the Aflac Newsroom or 3blmedia.com.
Aflac partnered with TV personality Adamari López to bring a soccer-themed event to pediatric patients at Nicklaus Children's Hospital, marking their second consecutive year of collaboration. This initiative aims to provide joy and interactive activities for patients, supporting Aflac's ongoing mission to assist communities affected by cancer and blood disorders.
The event featured various stations for designing soccer pennants, enjoying treats, and exploring different countries participating in an upcoming soccer tournament. Aflac also highlighted findings from its Wellness Matters Survey, noting that 79% of Hispanics are likely to attend routine medical checkups if encouraged by loved ones. This initiative extends Aflac's long-standing support for pediatric cancer and blood disorder research, with over $182 million donated since 1995.
NORTHAMPTON, MA, June 12, 2024 — Aflac has released a press statement offering valuable advice to new college graduates entering the workforce. Virgil Miller, Aflac U.S. President, emphasizes the importance of teamwork for company success. Jeri Hawthorne, Senior VP and Chief HR Officer, advises those pursuing HR careers to start in recruiting for a comprehensive understanding of the business. Sheila Anderson, Chief Information Officer, encourages STEM aspirants, especially women, to seize learning opportunities and take the first step in their careers. Graduates are also reminded to carefully review and select their job benefits as they settle into their new roles.
On June 5, 2024, Aflac sponsored a 'Celebration of Courage' event in partnership with Beads of Courage at the Aflac Cancer and Blood Disorders Center of Children's Healthcare of Atlanta. The event aimed to uplift pediatric patients and their families by allowing them to create bead necklaces symbolizing their treatment milestones. Notable beads included the Aflac Wingman Bead and the My Special Aflac Duck® Bead. Aflac volunteers from Columbus participated, assisting patients like five-year-olds Charlie and Dewey in crafting their bead collections. The event was a free, heartwarming initiative that emphasized courage and positivity.
Aflac, a U.S. leader in supplemental and group insurance, has partnered with Empathy to offer on-demand loss support services beginning July 1. This initiative aims to assist beneficiaries and insureds under Aflac's Group Life, Absence, and Disability Solutions with grief management and administrative challenges after a loved one’s death. Key features include confidential grief support, bereavement concierge, estate administration, identity theft protection, funeral assistance, and a secure digital document vault. These services align with Aflac's commitment to providing comprehensive care and value to its customers.
FAQ
What is the current stock price of Aflac (AFL)?
What is the market cap of Aflac (AFL)?
What does Aflac Inc. specialize in?
Where does Aflac operate?
How does Aflac market its products?
What recent achievements has Aflac reported?
How is Aflac performing financially?
What awards and recognitions has Aflac received?
What is the My Special Aflac Duck program?
How does Aflac support corporate social responsibility?
What is Aflac Global Investments?