Aflac's Q4 2023 Holdings: $110.9M in Trupanion, New Pagaya Warrants
Ticker: AFL · Form: 13F-HR · Filed: Feb 2, 2024 · CIK: 4977
Complexity: simple
Sentiment: neutral
Topics: institutional-holdings, equity-investments, warrants, portfolio-disclosure
Related Tickers: TRUP, SHCR, PGY
TL;DR
**Aflac's Q4 2023 13F shows significant holdings in Trupanion and new Pagaya warrants, signaling their investment bets.**
AI Summary
Aflac Inc. (NYSE: AFL) filed its 13F-HR on February 2, 2024, revealing its equity holdings as of December 31, 2023. The filing shows Aflac's investment in TRUPANION, INC. (NASDAQ: TRUP) valued at $110,945,466, representing 3,636,364 shares. Additionally, Aflac held 2,208,644 shares of SHARECARE INC. (NASDAQ: SHCR) worth $2,385,336, and 1,563,895 shares of PAGAYA TECHNOLOGIES LTD. (NASDAQ: PGY) valued at $2,158,175, along with 312,798 warrants for Pagaya worth $68,753. This matters because it provides transparency into Aflac's investment strategy and the specific companies it believes will perform well, offering insights into its broader financial health and future growth prospects.
Why It Matters
This filing shows where Aflac is putting its money, indicating its confidence in specific companies and sectors, which can influence investor perception of Aflac's own strategic direction and financial stability.
Risk Assessment
Risk Level: low — 13F filings are backward-looking disclosures of institutional holdings and do not inherently present new risks, but rather provide transparency into past investment decisions.
Analyst Insight
An investor might consider researching TRUPANION, INC., SHARECARE INC., and PAGAYA TECHNOLOGIES LTD. to understand the rationale behind Aflac's investments and evaluate if these align with their own investment thesis, especially given Aflac's role as a major insurer.
Key Numbers
- $110,945,466 — Total value of TRUPANION, INC. shares (Represents Aflac's largest disclosed equity holding as of December 31, 2023.)
- 3,636,364 — Shares of TRUPANION, INC. (The specific number of shares Aflac held in its largest position.)
- 2,208,644 — Shares of SHARECARE INC. (The number of shares Aflac held in Sharecare, valued at $2,385,336.)
- 1,563,895 — Shares of PAGAYA TECHNOLOGIES LTD. common stock (The number of common shares Aflac held in Pagaya, valued at $2,158,175.)
- 312,798 — Warrants for PAGAYA TECHNOLOGIES LTD. (The number of warrants Aflac held for Pagaya, valued at $68,753, indicating a potential future stake.)
Key Players & Entities
- Aflac Inc. (company) — the filer of the 13F-HR
- TRUPANION, INC. (company) — an equity holding of Aflac
- SHARECARE INC. (company) — an equity holding of Aflac
- PAGAYA TECHNOLOGIES LTD. (company) — an equity holding of Aflac, including warrants
- Robin Blackmon (person) — SVP, Chief Accounting Officer of Aflac Inc.
- $110,945,466 (dollar_amount) — value of Aflac's TRUPANION, INC. holding
- $2,385,336 (dollar_amount) — value of Aflac's SHARECARE INC. holding
- $2,158,175 (dollar_amount) — value of Aflac's PAGAYA TECHNOLOGIES LTD. common stock holding
- $68,753 (dollar_amount) — value of Aflac's PAGAYA TECHNOLOGIES LTD. warrants
Forward-Looking Statements
- Aflac's significant investment in Trupanion suggests a positive outlook on the pet insurance sector's growth. (TRUPANION, INC.) — medium confidence, target: 2024-12-31
- The holding of Pagaya Technologies warrants indicates Aflac's belief in the long-term potential of the company's AI-driven lending platform. (PAGAYA TECHNOLOGIES LTD.) — medium confidence, target: 2025-09-01
FAQ
What was the total market value of Aflac's equity holdings as of December 31, 2023, based on this filing?
Based on the disclosed holdings, the total market value of Aflac's equity holdings in TRUPANION, INC., SHARECARE INC., and PAGAYA TECHNOLOGIES LTD. (common stock and warrants) was $110,945,466 + $2,385,336 + $2,158,175 + $68,753 = $115,557,730.
Which company represented Aflac's largest equity holding by market value as of December 31, 2023?
TRUPANION, INC. (COM) represented Aflac's largest equity holding by market value, with a reported value of $110,945,466 as of December 31, 2023.
Did Aflac hold any warrants in its portfolio, and if so, for which company and what was their value?
Yes, Aflac held warrants for PAGAYA TECHNOLOGIES LTD. (*W EXP 09/01/202), with 312,798 shares (warrants) valued at $68,753 as of December 31, 2023.
Who signed the 13F-HR filing for Aflac Inc. and on what date?
The 13F-HR filing for Aflac Inc. was signed by Robin Blackmon, SVP, Chief Accounting Officer, on February 2, 2024.
What was the total number of shares Aflac held in SHARECARE INC. as of the reporting period?
Aflac held a total of 2,208,644 shares of SHARECARE INC. (COM) as of December 31, 2023.
Filing Stats: 401 words · 2 min read · ~1 pages · Grade level 10.7 · Accepted 2024-02-02 16:26:23
Filing Documents
- primary_doc.html (13F-HR)
- primary_doc.xml (13F-HR) — 2KB
- information_table.html (INFORMATION TABLE)
- information_table.xml (INFORMATION TABLE) — 2KB
- 0000004977-24-000009.txt ( ) — 6KB
From the Filing
SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment Amendment Number: This Amendment (Check only one.): is a restatement. adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Aflac Inc Address: 1932 Wynnton Road Columbus , GA 31999 Form 13F File Number: 028-22437 CRD Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Robin Blackmon Title: SVP, Chief Accounting Officer Phone: 706-323-3431 Signature, Place, and Date of Signing: /s/ Robin Blackmon Columbus , GA 02-02-2024 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 4 Form 13F Information Table Value Total: 115,557,730 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] No. Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK 1 Aflac Asset Management LLC 028-21637 000304316 801-120174