Life insurance stocks reported a slower fourth quarter, with the 13 companies tracked beating revenue consensus estimates by 3.7% on average. However, share prices have declined 5.6% on average since the latest earnings results. Aflac reported revenues of $4.28 billion, flat year on year, missing analysts' expectations by 2.9%. The company also missed earnings per share estimates. CEO Daniel Amos said the results reflect focused efforts to create long-term shareholder value. The stock has remained flat since reporting and currently trades at $112.80. Corebridge Financial performed best in the quarter, reporting revenues of $6.34 billion, up 35.7% year on year and beating expectations by 47.3%. The company also exceeded earnings per share estimates.

Aflac Incorporated reported fourth quarter net earnings of $1.4 billion, or $2.64 per diluted share, down from $1.9 billion, or $3.42 per share, in the same period last year. Total revenues fell to $4.9 billion from $5.4 billion year-over-year. Adjusted earnings decreased 5.4% to $818 million, though adjusted earnings per diluted share rose 0.6% to $1.57. Net earnings included investment gains of $537 million, driven primarily by gains on derivatives and foreign currency activities. Shareholders' equity stood at $29.5 billion, or $56.85 per share, at year-end. For full-year 2025, net earnings totalled $3.6 billion with adjusted earnings of $4.0 billion. The company reaffirmed a 5.2% increase in its first quarter dividend.