Aflac Ownership | Who Owns Aflac?

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Aflac Ownership Summary

Aflac is owned by 29.55% institutional investors, 10.75% insiders, and 59.70% retail investors. Japan post is the largest institutional shareholder, holding 9.74% 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	29.55%	10.75%	59.70%
Sector	Financial Services Stocks	36.95%	15.48%	47.58%
Industry	Life Insurance Stocks	44.08%	11.88%	44.04%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Japan post	52.30M	9.74%	$5.84B
Vanguard group	50.38M	9.39%	$5.63B
Blackrock funding, inc. /de	38.59M	7.19%	$4.31B
Blackrock	40.06M	6.97%	$3.58B
State street	24.32M	4.53%	$2.72B
Wells fargo & company/mn	11.09M	2.07%	$1.24B
Geode capital management	10.70M	1.99%	$1.19B
Morgan stanley	8.30M	1.55%	$926.83M
Northern trust	6.80M	1.27%	$759.73M
Ubs asset management americas	4.60M	0.86%	$513.74M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Japan post	52.30M	100.00%	$5.84B
Philosmith capital	267.80K	8.31%	$29.91M
Greatmark investment partners	501.73K	6.72%	$56.04M
Paces ferry wealth advisors	126.26K	5.87%	$14.10M
Guinness asset management	2.37M	4.21%	$264.23M
Tanaka capital management	20.37K	4.10%	$2.27M
Edmp	43.45K	3.85%	$4.85M
Bluepath capital management	78.51K	3.66%	$8.77M
Peninsula asset management	61.23K	3.51%	$6.84M
Bancreek capital management, lp	13.71K	3.21%	$1.53M

Top Buyers

Holder	Shares	% Assets	Change
Norges bank	3.38M	0.05%	3.38M
Qube research	1.67M	0.19%	915.95K
Jane street group	1.15M	0.02%	717.42K
Franklin resources	1.23M	0.02%	699.08K
Two sigma investments, lp	653.85K	0.11%	523.85K

Top Sellers

Holder	Shares	% Assets	Change
Wells fargo & company/mn	11.09M	0.24%	-3.63M
First trust advisors lp	2.03M	0.17%	-1.83M
Ubs asset management americas	4.60M	0.11%	-1.44M
Ubs group	2.08M	0.04%	-1.04M
Blackrock	40.06M	0.08%	-1.02M

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	3.38M	0.05%	3.38M	$349.70M
Fjarde ap-fonden (the fourth swedish national pensionfund)	198.27K	0.20%	198.27K	$17.71M
Axa investment managers	141.93K	0.04%	141.93K	$15.85M
Trexquant investment lp	115.79K	0.13%	115.79K	$12.93M
Arrowstreet capital, limited partnership	103.10K	0.01%	103.10K	$11.52M

Sold Out

Holder	Change
Mendota financial group	-1.00
Robinson value management	-1.00
Legacy bridge	-2.00
Parallax volatility advisers	-3.00
Bear mountain capital	-4.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
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%
Dec 31, 2024	1,543	-2.77%	369,565,236	-0.66%	66	1.49%	633	-4.24%	557	-4.79%
Sep 30, 2024	1,571	6.58%	371,468,829	-3.76%	66	1.42%	655	6.50%	577	7.05%

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	17.00M	3.18%	-395.40K
Vanguard 500 Index Investor	12.04M	2.25%	-1.76M
Fidelity 500 Index	6.17M	1.15%	2.65K
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
iShares Core S&P 500 ETF	5.86M	1.09%	-
Vanguard Value Index Inv	4.79M	0.90%	-7.26K
The Financial Select Sector SPDR® ETF	3.46M	0.65%	-11.01K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Dec 05, 2025	BEAVER STEVEN KENT	EVP, CFO Aflac Japan	Sell	$377.17K
Nov 18, 2025	TILLMAN AUDREY B	Sr. Executive Vice President	Sell	$1.78M
Nov 17, 2025	MOSKOWITZ JOSEPH L	-	Sell	$89.40K
Nov 14, 2025	TILLMAN AUDREY B	Sr. Executive Vice President	Sell	$397.33K
Nov 07, 2025	MOSKOWITZ JOSEPH L	-	Sell	$114.00K

Insider Transactions Trends

Date	Buy	Sell
2025 Q4	-	5
2025 Q3	-	1
2025 Q2	-	4
2025 Q1	-	6
2024 Q4	-	3

AFL Ownership FAQ

Who Owns Aflac?

Aflac shareholders are primarily institutional investors at 29.55%, followed by 10.75% insiders and 59.70% retail investors. The average institutional ownership in Aflac's industry, Life Insurance Stocks , is 44.08%, which Aflac falls below.

Who owns the most shares of Aflac?

Aflac’s largest shareholders are Japan post (52.3M shares, 9.74%), Vanguard group (50.38M shares, 9.39%), and Blackrock funding, inc. /de (38.59M shares, 7.19%). Together, they hold 26.32% 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 52.3M Aflac shares, valued at 5.84B$.

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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