Derivatives, forex swings, and impairments drove a sharp YoY decline
Aflac has reported its second-quarter 2025 results, showing total revenues of $4.2 billion, down from $5.1 billion in Q2 2024, largely due to net investment losses of $421 million versus gains of $696 million in the year‑ago quarter.
Net earnings were $599 million compared with $1.8…