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Aflac Incorporated (AFL) Q1 2026 Earnings Call Transcript

Q1: 2026-04-29 Earnings Summary

EPS of $1.75 misses by $0.05

 | Revenue of $4.24B (-1.76% Y/Y) misses by $82.00M

Aflac Incorporated (AFL) Q1 2026 Earnings Call April 30, 2026 8:00 AM EDT

Company Participants

David Young – Vice President of Capital Markets
Daniel Amos – Chairman & CEO
Max Broden – Senior EVP & CFO
Koichiro Yoshizumi – Senior Managing Exec. Officer and Asst. to the Director of Sales & Marketing
Virgil Miller – President
Masatoshi Koide – President, CEO & Representative Director

Conference Call Participants

Thomas Gallagher – Evercore ISI Institutional Equities, Research Division
Ryan Krueger – Keefe, Bruyette, & Woods, Inc., Research Division
Wesley Carmichael – Wells Fargo Securities, LLC, Research Division
Joel Hurwitz – Dowling & Partners Securities, LLC
Suneet Kamath – Jefferies LLC, Research Division
Francis Matten – BMO Capital Markets Equity Research
Wilma Jackson Burdis – Raymond James & Associates, Inc., Research Division
Pablo Singzon – JPMorgan Chase & Co, Research Division

Presentation

Operator

Good day, and welcome to the Aflac Incorporated First Quarter 2026 Earnings Call. [Operator Instructions] Please note, this event is being recorded. I would now like to hand the call over to David Young, Senior Vice President of Capital Markets. Please go ahead.

David Young
Vice President of Capital Markets

Good morning, and welcome. Thank you for joining us for Aflac Incorporated’s First Quarter 2026 Earnings Call. This morning, Dan Amos, Chairman, CEO of Aflac Incorporated, will provide an overview of our results and operations in Japan and the United States. Then Max Broden, Senior Executive Vice President and CFO of Aflac Incorporated, will provide more detail on this quarter’s financial results, including our capital and liquidity. These topics are also addressed in the materials we posted with our earnings release, financial supplement and quarterly CFO video update on investors.aflac.com.

For Q&A today, we are also joined by Virgil Miller, President of Aflac Incorporated and Aflac U.S.; Charles Lake, Chairman and Representative Director, President of Aflac International; Masatoshi Koide, President and Representative Director, Aflac Life Insurance Japan; and Brad

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