Aflac stock reports mixed Q2 earnings as shares trade higher
Published on 09/23/2026 at 19:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Aflac stock (NYSE: AFL) was trading at USD 115.37 on September 23, 2026, up 0.67 percent from the previous close of USD 114.60. The Q2 2026 results show a split picture: net earnings rose 37.7 percent year over year to USD 825 million, while adjusted earnings per share fell 7.7 percent to USD 1.75.
Q2 earnings send mixed signals
According to Quartr, Aflac reported USD 883 million in adjusted earnings for Q2 2026, equivalent to adjusted EPS of USD 1.75. Adjusted EPS excluding foreign currency effects increased 1.1 percent year over year to USD 1.80.
The operating mix also diverged by region. Japan sales declined 5.6 percent year over year, while U.S. sales increased 2.6 percent; first-half Japan sales rose 7 percent. Net earned premiums fell to USD 3.25 billion from USD 3.47 billion in Q2 2025, and net investment income declined to USD 984 million from USD 1.08 billion, according to Quartr.
Analyst target stays near market price
The analyst backdrop is restrained. MarketBeat lists a Hold consensus and an average price target of USD 116.62, only USD 1.25 above the current quote. Its rating distribution includes 1 Strong Buy, 3 Buy, 7 Hold and 3 Sell recommendations.
The same MarketBeat report says Post Holdings Co. Ltd. Japan sold 12,200 Aflac shares on September 21, 2026, at an average price of USD 115.49 under a pre-arranged Rule 10b5-1 plan. The transaction value was USD 1,408,978.
Stock remains below yearly high
Aflac stock stood 11.4 percent below its 52-week high of USD 130.22 and 9.4 percent above its 52-week low of USD 105.43 on September 23, 2026. The market capitalization was USD 58,721,599,450, placing the insurer in the large-cap financial segment.
The price reaction and the earnings mix point to a narrow investor debate. Net income growth is substantial, but the 7.7 percent decline in adjusted EPS and lower investment income keep attention on earnings quality rather than headline profit alone.
Aflac stock data
- Company: Aflac Incorporated
- Ticker: AFL
- Trading venue: NYSE
- Price: USD 115.37, September 23, 2026, 1:00 p.m. ET
- Market capitalization: USD 58,721,599,450 as of September 23, 2026
- 52-week range: USD 105.43-130.22 as of September 23, 2026
- Sector / Industry: Financial Services / Insurance - Life
