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Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

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Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information

Aflac Incorporated's common stock is principally traded on the New York Stock Exchange under the symbol AFL.

Holders

As of February 15, 2024, there were 81,925 holders of record of the Company's common stock.

Dividends

For a summary of dividends paid to shareholders in 2023 and 2022 and potential restrictions on the Company's ability to pay future dividends, see the Liquidity and Capital Resources section of Item 7. MD&A.

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Stock Performance Graph

The following graph compares the five-year performance of the Company's common stock to the Standard & Poor's 500 (S&P 500) Index and the Standard & Poor's 500 Life and Health Insurance (S&P 500 Life and Health Insurance) Index. The S&P 500 Life and Health Insurance Index includes: Aflac Incorporated, Globe Life Inc., MetLife Inc., Principal Financial Group Inc. and Prudential Financial Inc.

5-year Return.jpg

Performance Graphic Index

December 31,

201820192020202120222023
Aflac Incorporated100.00118.56102.46137.87174.21204.50
S&P 500100.00131.49155.68200.37164.08207.21
S&P 500 Life & Health Insurance100.00123.18111.51152.41168.18176.00

Copyright© 2024 Standard & Poor’s, a division of S&P Global. All rights reserved.

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Issuer Purchases of Equity Securities

During the year ended December 31, 2023, the Parent Company repurchased shares of its common stock as follows:

PeriodTotal Number of Shares PurchasedAverage Price Paid Per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or ProgramsMaximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
January 1 - January 312,440,300$72.152,440,300114,201,523
February 1 - February 283,542,90769.483,200,100111,001,423
March 1 - March 314,711,76864.204,707,900106,293,523
April 1 - April 302,608,03766.002,607,869103,685,654
May 1 - May 314,322,91966.504,321,16599,364,489
June 1 - June 303,537,30968.153,531,79695,832,693
July 1 - July 312,478,73371.102,478,73393,353,960
August 1 - August 313,700,97375.483,700,97389,652,987
September 1 - September 303,215,60276.193,209,94786,443,040
October 1 - October 313,275,09978.293,275,09983,167,941
November 1 - November 302,833,51081.542,832,71780,335,224
December 1 - December 312,593,66982.142,589,84377,745,381
Total39,260,826(1)$71.9938,896,44277,745,381(2)

(1) During the year ended December 31, 2023, 364,384 shares were purchased in connection with income tax withholding obligations related to the vesting of restricted-share-based awards during the period.

(2) The total remaining shares available for purchase at December 31, 2023, consisted of shares related to a 100,000,000 share repurchase authorization by the board of directors announced in November 2022.

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