Aflac Increases Share Repurchase Authorization by 100 Million

Aflac Incorporated has expanded its share repurchase program, authorizing an additional 100 million shares, bringing the total to approximately 130.9 million. Repurchases will be conducted through open market or negotiated transactions based on market conditions. This move underscores the company's commitment to returning value to shareholders.

Aflac Incorporated (NYSE: AFL) has announced an expansion of its share repurchase program, authorizing an additional 100 million shares. This brings the total number of shares available for purchase to approximately 130.9 million [1]. The company anticipates that the repurchases will be conducted from time to time through open market or negotiated transactions, depending on market conditions.

The decision to increase the share repurchase authorization is a strategic move aimed at returning value to shareholders. Aflac Incorporated, a Fortune 500 company, has been providing financial protection and peace of mind for millions of policyholders and customers through its subsidiaries in the U.S. and Japan for nearly seven decades [1].

In the U.S., Aflac is the leading provider of supplemental health insurance products, while in Japan, Aflac Life Insurance Japan is the leading provider of cancer and medical insurance in terms of policies in force [1]. The company's commitment to corporate social responsibility and sustainability has been recognized by being included in the World's Most Ethical Companies by Ethisphere for 19 consecutive years and Fortune's World's Most Admired Companies for 24 years [1].

Aflac Incorporated's forward-looking statements, as outlined in its press release, caution investors about potential risks and uncertainties, including difficult conditions in global capital markets, inflation, defaults and credit downgrades of investments, and foreign currency fluctuations [1]. The company has been proactive in addressing these risks and has been recognized for its commitment to responsible investment practices.

The expanded share repurchase program is a positive signal for investors, indicating Aflac's confidence in its financial health and ability to generate value for shareholders. However, investors should remain vigilant and consider the risks and uncertainties associated with the company's operations and the broader market conditions.

References:
[1] https://www.prnewswire.com/news-releases/aflac-incorporated-announces-increase-in-shares-authorized-for-repurchase-302528231.html