Aflac Re Partners with Japan Post Insurance in Strategic Reinsurance Agreement

Aflac Incorporated, a leading life and health insurer, recently announced a noteworthy transaction involving Aflac Re, its Bermuda-based reinsurance subsidiary. The subsidiary has entered a reinsurance agreement through coinsurance with Japan Post Insurance Co., Ltd., covering a block of whole life annuities. Notably, Japan Post Insurance will continue to administer these policies, with the transaction effective from March 31, 2026.

Max Brodén, Senior Executive Vice President and Chief Financial Officer at Aflac Incorporated, emphasized the strategic significance of this agreement. As Aflac Re's initial reinsurance deal with an external entity, this collaboration enhances its existing partnership with Japan Post Insurance. The move demonstrates a commitment to delivering mutual value for both policyholders and shareholders.

Tsana Nobles, President of Aflac Re Bermuda, outlined the company's intent to deepen its relationship with Japan Post Insurance. Nobles highlighted Aflac Re’s focus on leveraging its expertise to aid other Japanese life insurers in risk reduction, capital management, and business expansion. This aligns with Aflac's broader strategy to bolster its market presence and capabilities.

With a reputation for providing financial protection to millions, Aflac is a dominant force in both the U.S. and Japanese insurance markets. In the U.S., it leads the supplemental health insurance sector, whereas in Japan, it is well-regarded for its cancer and medical insurance offerings. The company's ethical practices and sustainability initiatives have earned it spots on Ethisphere’s and Fortune’s prestigious lists. Investors can explore Aflac’s corporate social responsibility efforts via their website.

Additionally, Aflac advises readers on forward-looking statements under the Private Securities Litigation Reform Act of 1995, noting potential factors that could significantly impact actual results. These projections carry inherent risks, detailed in communications with financial bodies and SEC filings. Aflac stresses that updates to these forward-looking statements will occur solely as required by law.

For more details, stakeholders can contact David A. Young for analyst and investor inquiries, while Ines Gutzmer serves as the media contact. Aflac's recent financial outcomes, including fourth-quarter 2025 revenues of $4.9 billion, underscore its strong market position and ongoing strategic initiatives.