Aflac Ownership | Who Owns Aflac?

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Aflac Ownership Summary

Aflac is owned by 34.84% institutional investors, 10.93% insiders, and 54.22% retail investors. Vanguard group is the largest institutional shareholder, holding 10.78% of AFL shares. Vanguard US Total Market Shares ETF is the top mutual fund, with 3.25% of its assets in Aflac shares.

AFL Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Aflac	34.84%	10.93%	54.22%
Sector	Financial Services Stocks	37.05%	15.59%	47.36%
Industry	Life Insurance Stocks	41.85%	11.09%	47.06%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Vanguard group	57.14M	10.78%	$6.30B
Japan post	51.97M	9.81%	$5.70B
Blackrock	40.06M	6.97%	$3.58B
Blackrock funding, inc. /de	36.21M	6.83%	$3.97B
State street	23.60M	4.45%	$2.59B
Geode capital management	10.72M	2.02%	$1.17B
Wells fargo & company/mn	10.55M	1.99%	$1.16B
Morgan stanley	7.90M	1.49%	$866.87M
Northern trust	6.55M	1.24%	$718.69M
Dimensional fund advisors lp	4.55M	0.86%	$499.22M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Japan post	51.97M	100.00%	$5.70B
Philosmith capital	267.80K	8.38%	$29.38M
Greatmark investment partners	644.66K	8.29%	$70.73M
Paces ferry wealth advisors	114.76K	5.22%	$12.59M
Longboard asset management, lp	2.30K	4.36%	$252.55K
Tanaka capital management	20.37K	4.10%	$2.27M
Guinness asset management	2.16M	4.08%	$236.29M
Lawson kroeker investment management inc/ne	121.63K	3.89%	$13.34M
Edmp	42.31K	3.75%	$4.64M
Jericho financial, llp	49.13K	3.40%	$5.39M

Top Buyers

Holder	Shares	% Assets	Change
Vanguard group	57.14M	0.09%	6.76M
Norges bank	3.81M	0.04%	3.81M
Vanguard fiduciary trust	2.63M	0.07%	2.63M
First trust advisors lp	3.18M	0.25%	1.97M
Ubs group	2.70M	0.04%	1.26M

Top Sellers

Holder	Shares	% Assets	Change
Aqr capital management	343.33K	0.02%	-1.07M
Blackrock	40.06M	0.08%	-1.02M
Healthcare of ontario pension plan trust fund	268.52K	0.05%	-689.34K
Boston partners	-	-	-600.30K
Blackrock funding, inc. /de	36.21M	0.07%	-572.53K

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	3.81M	0.04%	3.81M	$420.08M
Vanguard fiduciary trust	2.63M	0.07%	2.63M	$288.14M
Vanguard global advisers	1.04M	0.06%	1.04M	$114.55M
Vanguard asset management	958.19K	0.09%	958.19K	$105.12M
Vanguard investments australia	248.46K	0.08%	248.46K	$27.26M

Sold Out

Holder	Change
Robinson value management	-1.00
Mendota financial group	-1.00
Legacy bridge	-2.00
Retirement wealth solutions	-2.00
Bear mountain capital	-4.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Mar 31, 2026	1,148	-33.29%	184,692,167	-47.12%	34	0.80%	411	-45.71%	447	-22.53%
Dec 31, 2025	869	-47.84%	145,215,329	-58.31%	27	0.65%	366	-41.72%	285	-55.81%
Sep 30, 2025	1,032	-37.49%	158,597,755	-56.38%	29	0.64%	385	-38.69%	401	-38.50%
Jun 30, 2025	1,620	-2.59%	363,082,569	-0.42%	67	1.51%	616	-7.78%	639	1.27%
Mar 31, 2025	12	-99.25%	1,113,923	-99.70%	-	0.00%	3	-99.55%	3	-99.48%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Vanguard US Total Market Shares ETF	17.73M	3.25%	-249.22K
Vanguard Total Stock Mkt Idx Inv	14.81M	2.91%	44.37K
Vanguard 500 Index Investor	12.10M	2.38%	217.48K
iShares Core S&P 500 ETF	6.04M	1.19%	17.68K
Fidelity 500 Index	5.96M	1.17%	-41.36K
SPDR® S&P 500 ETF	6.16M	1.13%	-157.03K
SPDR® S&P 500® ETF Trust	5.99M	1.10%	-31.43K
SPDR® S&P 500® ETF	5.86M	1.10%	72.36K
State Street® SPDR® S&P 500® ETF	5.54M	1.09%	-5.96K
Vanguard Mid Cap Index Institutional	5.03M	0.99%	6.79K

Recent Insider Transactions

Date	Name	Role	Activity	Value
May 22, 2026	BEAVER STEVEN KENT	EVP, CFO Aflac Japan	Sell	$648.90K
May 22, 2026	Japan Post Holdings Co., Ltd.	-	Sell	$21.30K
May 22, 2026	Japan Post Holdings Co., Ltd.	-	Sell	$3.64M
May 21, 2026	Japan Post Holdings Co., Ltd.	-	Sell	$3.42M
May 21, 2026	Japan Post Holdings Co., Ltd.	-	Sell	$151.41K

Insider Transactions Trends

Date	Buy	Sell
2026 Q2	-	34
2026 Q1	-	49
2025 Q4	-	7
2025 Q3	-	1
2025 Q2	-	4

AFL Ownership FAQ

Who Owns Aflac?

Aflac shareholders are primarily institutional investors at 34.84%, followed by 10.93% insiders and 54.23% retail investors. The average institutional ownership in Aflac's industry, Life Insurance Stocks , is 41.85%, which Aflac falls below.

Who owns the most shares of Aflac?

Aflac’s largest shareholders are Vanguard group (57.14M shares, 10.78%), Japan post (51.97M shares, 9.81%), and Blackrock (40.06M shares, 6.97%). Together, they hold 27.55% of Aflac’s total shares outstanding.

Does Blackrock own Aflac?

Yes, BlackRock owns 6.97% of Aflac, totaling 40.06M shares as of Jun 2024. This represents 0.08% of BlackRock's total assets, with a market value of 3.58B$. In the last quarter, BlackRock decreased its holdings by -1.023M shares, a -2.49% change.

Who is Aflac’s biggest shareholder by percentage of total assets invested?

Japan post is Aflac’s biggest shareholder by percentage of total assets invested, with 100.00% of its assets in 51.97M Aflac shares, valued at 5.7B$.

Who is the top mutual fund holder of Aflac shares?

Vanguard US Total Market Shares ETF is the top mutual fund holder of Aflac shares, with 3.25% of its total shares outstanding invested in 17.73M Aflac shares.

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