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Aflac (AFL) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended March 2025, Aflac (AFL - Free Report) reported revenue of $4.32 billion, down 20.5% over the same period last year. EPS came in at $1.66, compared to $1.66 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $4.38 billion, representing a surprise of -1.26%. The company delivered an EPS surprise of -1.19%, with the consensus EPS estimate being $1.68.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Aflac performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Tot. Ben. /Premium - Aflac U.S. 47.7% versus the three-analyst average estimate of 48.3%.
  • Tot. Adj. Expenses/Total Adj. Rev. - Aflac Japan: 19.6% versus the three-analyst average estimate of 19.9%.
  • Tot. Ben. /Premium - Aflac Japan: 65.8% versus 67.3% estimated by three analysts on average.
  • Tot. Adj. Expenses/Total Adj. Rev. - Aflac U.S. 37.6% compared to the 38.5% average estimate based on three analysts.
  • Total adjusted revenues- Aflac Japan: $2.27 billion compared to the $2.40 billion average estimate based on three analysts. The reported number represents a change of -8.1% year over year.
  • Total adjusted revenues- Aflac Japan- Total net earned premiums: $1.68 billion compared to the $1.73 billion average estimate based on three analysts. The reported number represents a change of -7.4% year over year.
  • Total adjusted revenues- Aflac Japan- Net investment income: $593 million versus the three-analyst average estimate of $668.36 million. The reported number represents a year-over-year change of -9.5%.
  • Total adjusted revenues- Aflac U.S.- Other income: $17 million versus $23.33 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5.6% change.
  • Revenues- Total net earned premiums: $3.38 billion versus the five-analyst average estimate of $3.37 billion. The reported number represents a year-over-year change of -2.2%.
  • Revenues- Net investment income: $955 million compared to the $936.61 million average estimate based on five analysts. The reported number represents a change of -4.5% year over year.
  • Revenues- Other income (loss): $25 million compared to the $35.69 million average estimate based on five analysts. The reported number represents a change of -13.8% year over year.
  • Total adjusted revenues- Corporate and other: $326 million versus the two-analyst average estimate of $295.98 million. The reported number represents a year-over-year change of +32%.
View all Key Company Metrics for Aflac here>>>

Shares of Aflac have returned -3.4% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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