$AFL

$120.75 -$0.18 (0.15%) After hours

$AFL Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 501.3M shares outstanding

Who owns AFL?

By type of holder

Institutions 68.6% Insiders 10.9% Everyone else 20.5%

Concentration Top 10 holders own 40.4%

Japan Post Holdings Co., Ltd. 10.2% · BlackRock, Inc. 7.0%

Institutional ownership

68.6%

+0.3 pts vs last qtr

Institutional holders

1,694

+26 vs last qtr

Net shares bought

+1.4M

by institutions in Q2 2026

New / sold out

154 / 128

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Vanguard Portfolio Management LLC +6.1M
Norges Bank NEW +2.8M

Biggest sellers in Q2 2026

Wells Fargo & Company/mn −1.9M
Nordea Investment Management AB −1.9M

Who is planning to sell?

Notices of proposed sale, last 12 months

$20.2M

24 notices from 11 people

Shares covered

177.5K

0.04% of the company

Arranged in advance

22%

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

James Todd Daniels Officer $5.29M
Koide Masatoshi Officer $3.25M

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

−35.4%

−4.74% a year

Each share's claim on the business

+54.8%

grew without buying or selling a share

Spent on buybacks vs paid in stock

$21.1B vs —

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years90% 3–5 years2% 1–3 years5% Under 1 year3%

Quarterly turnover

6.2%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting AFL on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
JP Japan Post Holdings Co., Ltd.	50.9M	10.15%	−1.1M (−2.1%)	≤2021	100.0%
Shares held by quarter Peak holding52.3M (Q3'24) Change over 8 quarters−1.4M Share of the company10.150% Japan Post Holdings Co., Ltd.'s full portfolio →
B BlackRock, Inc.	34.9M	6.96%	−1.3M (−3.6%)	≤2021	0.1%
Shares held by quarter Peak holding42.6M (Q1'25) Change over 8 quarters−7.2M Share of the company6.960% BlackRock, Inc.'s full portfolio →

Japan Post Holdings Co., Ltd.

50.9M

% of company

10.15%

Change vs last qtr

−1.1M (−2.1%)

Held since

≤2021

BlackRock, Inc.

34.9M

% of company

6.96%

Change vs last qtr

−1.3M (−3.6%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Aflac Incorporated, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting AFL on Form N-PORT; together they hold 22.9% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$1.71B	14.5M	2.90%	0.07%	June 30, 2026
V5 Vanguard 500 Index Fund Vanguard Index Funds	$1.39B	11.9M	2.37%	0.08%	June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$1.71B

% of company

2.90%

% of the fund

0.07%

As of

June 30, 2026

Vanguard 500 Index Fund

Vanguard Index Funds

Position value

$1.39B

% of company

2.37%

% of the fund

0.08%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Aflac Incorporated and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
AD Amos Daniel P Insider	3.7M	0.74%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.740% Amos Daniel P's insider activity →
TA Tillman Audrey B Insider	292.5K	0.06%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.060% Tillman Audrey B's insider activity →

Amos Daniel P

Insider

3.7M

% of company

0.74%

Change vs last qtr

—

Held since

—

Tillman Audrey B

Insider

292.5K

% of company

0.06%

Change vs last qtr

—

Held since

—

18 more holders behind a free account

See every insider and 5%+ holder of Aflac Incorporated.

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