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Aflac absorbs US$1.1 billion investment hit as Japan outlook improves

Aflac’s third-quarter GAAP earnings plunged after a US$1.1 billion investment loss tied largely to portfolio repositioning, masking a more resilient operating result. The insurer raised its Aflac Japan margin outlook and outlined a potential US$1 billion capital release through reinsurance.
Victor Sage
5 Nov 2026