AFLAC INC
AFLAC INC
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consolidated Entity Excluding Variable Interest En… | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Variable Interest Entity Primary Beneficiary | - | 2,745 | 2,819 | -86 | 145 | 2,907 | 2,634 | 461 | -87 | 2,756 | 2,882 | -191 | |||||
Assets | |||||||||||||||||
Available For Sale Securities Debt Securities | 62,848 | 63,228 | 64,121 | 67,276 | 68,879 | 67,144 | 65,269 | 72,292 | 66,259 | 70,130 | 73,290 | 69,801 | |||||
Debt Securities Held To Maturity Amortized Cost Af… | 15,505 | 15,752 | 16,120 | 16,955 | 17,434 | 16,888 | 15,966 | 17,698 | 15,685 | 16,689 | 17,819 | 16,899 | |||||
Equity Securities Fv Ni Current And Noncurrent | 925 | 851 | 887 | 885 | 882 | 764 | 796 | 808 | 728 | 762 | 1,088 | 990 | |||||
Cash And Cash Equivalents At Carrying Value | 6,120 | 5,654 | 6,245 | 6,768 | 6,965 | 5,231 | 6,229 | 5,612 | 6,060 | 5,098 | 4,306 | 5,502 | |||||
Investments And Cash | 103,003 | 103,192 | 103,760 | 109,516 | 111,769 | 107,446 | 105,087 | 115,601 | 107,629 | 111,716 | 113,560 | 111,306 | |||||
Premiums And Other Receivables Net | 895 | 947 | 835 | 852 | 873 | 894 | 779 | 814 | 880 | 1,038 | 848 | 712 | |||||
Accrued Investment Income Receivable | 733 | 695 | 718 | 702 | 753 | 682 | 710 | 696 | 726 | 693 | 731 | 687 | |||||
Deferred Policy Acquisition Costs | 8,948 | 8,976 | 9,034 | 9,216 | 9,296 | 9,083 | 8,758 | 9,232 | 8,550 | 8,819 | 9,132 | 8,771 | |||||
Property Plant And Equipment Net | 351 | 354 | 351 | 367 | 390 | 391 | 387 | 421 | 398 | 418 | 445 | 445 | |||||
Other Assets | 2,031 | 2,116 | 1,772 | 1,653 | 1,655 | 1,762 | 1,845 | 1,678 | 1,985 | 2,058 | 2,008 | 3,190 | |||||
Assets | 115,961 | 116,280 | 116,470 | 122,306 | 124,736 | 120,258 | 117,566 | 128,442 | 120,168 | 124,742 | 126,724 | 125,111 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities | |||||||||||||||||
Policy Liabilities | |||||||||||||||||
Liability For Future Policy Benefits | 57,181 | 59,519 | 62,320 | 67,143 | 71,099 | 71,197 | 70,381 | 79,672 | 70,339 | 77,867 | 83,718 | 78,448 | |||||
Liability For Unpaid Claims And Claims Adjustment … | 553 | 522 | 495 | 460 | 426 | 411 | 381 | 381 | 359 | 344 | 261 | 249 | |||||
Unearned Premiums | 1,326 | 1,318 | 1,323 | 1,349 | 1,377 | 1,357 | 1,286 | 1,406 | 1,216 | 1,322 | 1,451 | 1,447 | |||||
Other Policyholder Funds | 5,288 | 5,423 | 5,445 | 5,785 | 6,002 | 5,863 | 5,460 | 6,095 | 5,439 | 5,831 | 6,169 | 5,884 | |||||
Taxes Payable Current And Noncurrent | 1,589 | 1,753 | 1,368 | 1,477 | 685 | 815 | 573 | 454 | 752 | 777 | 154 | 869 | |||||
Obligation To Return Securities Received As Collat… | 7,340 | 6,414 | 3,989 | 5,429 | 5,767 | 3,142 | 2,037 | 4,233 | 4,493 | 3,366 | 1,503 | 4,607 | |||||
Debt And Capital Lease Obligations | 8,729 | 7,908 | 8,409 | 8,685 | 8,933 | 7,751 | 7,498 | 7,978 | 7,430 | 7,912 | 7,364 | 6,961 | |||||
Other Liabilities | 3,643 | 3,462 | 3,631 | 3,290 | 3,247 | 3,384 | 3,852 | 3,393 | 4,093 | 3,786 | 4,119 | 3,977 | |||||
Liabilities | 85,649 | 86,319 | 86,980 | 93,618 | 97,536 | 93,920 | 91,468 | 103,612 | 94,121 | 101,205 | 104,739 | 102,442 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | |||||
Additional Paid In Capital Common Stock | 3,105 | 3,064 | 3,024 | 2,977 | 2,958 | 2,919 | 2,894 | 2,876 | 2,835 | 2,806 | 2,771 | 2,729 | |||||
Retained Earnings Accumulated Deficit | 56,218 | 55,702 | 54,682 | 53,923 | 52,595 | 52,308 | 52,277 | 50,972 | 51,345 | 49,872 | 47,993 | 48,257 | |||||
Accumulated Other Compreh… | |||||||||||||||||
Accumulated Other Comprehensive Income Loss Foreig… | -5,048 | -4,961 | -4,847 | -4,504 | -4,282 | -4,549 | -4,998 | -4,139 | -5,091 | -4,666 | -4,069 | -4,484 | |||||
Accumulated Other Comprehensive Income Loss Availa… | -2,753 | -2,665 | -1,809 | -1,701 | -1,828 | -1,233 | 24 | 557 | 401 | 1,092 | 1,139 | -403 | |||||
Aoci Loss Cash Flow Hedge Cumulative Gain Loss Aft… | -16 | -16 | -13 | -16 | -17 | -18 | -20 | -20 | -22 | -26 | -22 | -24 | |||||
Aoci Liability For Future Policy Benefit After Tax | 10,415 | 9,458 | 8,035 | 6,832 | 5,594 | 3,899 | 2,006 | -67 | 1,425 | -1,495 | -2,560 | -866 | |||||
Accumulated Other Comprehensive Income Loss Define… | 83 | 85 | 86 | 42 | 42 | 42 | 10 | -8 | -5 | -7 | -8 | 17 | |||||
Treasury Stock Value | -31,828 | -30,842 | -29,804 | -29,001 | -27,998 | -27,166 | -26,231 | -25,477 | -24,977 | -24,175 | -23,395 | -22,693 | |||||
Stockholders Equity | 30,312 | 29,961 | 29,490 | 28,688 | 27,200 | 26,338 | 26,098 | 24,830 | 26,047 | 23,537 | 21,985 | 22,669 | |||||
Liabilities And Stockholders Equity | 115,961 | 116,280 | 116,470 | 122,306 | 124,736 | 120,258 | 117,566 | 128,442 | 120,168 | 124,742 | 126,724 | 125,111 | |||||
Debt Securities Available For Sale Allowance For C… | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Available For Sale Debt Securities Amortized Cost … | 65,190 | 65,456 | 65,263 | 68,271 | 70,030 | 67,545 | 64,089 | 70,419 | 64,603 | 67,594 | 70,689 | 69,161 | |||||
Debt Securities Held To Maturity Allowance For Cre… | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Held To Maturity Securities Fair Value | 14,256 | 14,769 | 15,476 | 16,770 | 17,607 | 17,135 | 16,772 | 18,975 | 16,570 | 18,245 | 19,657 | 18,460 | |||||
Financing Receivable Allowance For Credit Losses | - | 457 | 426 | 422 | 384 | 368 | 355 | 284 | 238 | 232 | 274 | 260 | |||||
Notes Receivable Net | 9,354 | 9,770 | 9,765 | 10,137 | 10,264 | 10,656 | 10,869 | 11,544 | 11,795 | 12,360 | 12,527 | 12,873 | |||||
Other Investments | 8,251 | 7,937 | 6,622 | 7,495 | 7,345 | 6,763 | 5,958 | 7,647 | 7,102 | 6,677 | 4,530 | 5,241 | |||||
Common Stock Par Or Stated Value Per Share | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |||||
Common Stock Shares Authorized | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | |||||
Common Stock Shares Issued | 1,359 | 1,359 | 1,358 | 1,358 | 1,358 | 1,358 | 1,357 | 1,357 | 1,357 | 1,356 | 1,355 | 1,355 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.35% | 6.50% | 11.33% | - | - | - | - | - | - | - | - | - |
| 2025 | -2.66% | -1.22% | -2.82% | 8.62% | 13.19% | 8.94% | -0.32% | -0.69% | -3.23% | -5.53% | 1.85% | 3.89% |
| 2024 | 4.94% | 7.31% | 11.19% | 6.10% | 6.68% | 13.18% | 7.82% | -1.49% | 2.16% | 2.30% | 1.54% | 0.95% |
| 2023 | - | - | - | - | - | - | 2.01% | 0.17% | 3.77% | 5.93% | 0.79% | 8.07% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | - | - | - | - | - | 88.84 | 67.15 | 32.74 | 33.56 | 32.39 | 27.98 | 28.01 | |||||
Efficiency & Turnover | |||||||||||||||||
| Days Sales Outstanding TTM | 17.86 | 18.55 | 17.16 | 17.18 | 20.11 | 20.88 | 15.69 | 16.10 | 15.46 | 17.24 | 14.59 | 13.22 | |||||
| Receivables Turnover TTM | 20.44 | 19.68 | 21.27 | 21.25 | 18.15 | 17.48 | 23.27 | 22.68 | 23.61 | 21.17 | 25.02 | 27.61 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 9.62 | 9.01 | 6.82 | 7.84 | 4.53 | 6.57 | 9.63 | 6.80 | 9.65 | 9.26 | 7.78 | 7.73 | |||||
| Free Cash Flow Per Share TTM | 5.25 | 5.72 | 4.79 | 4.85 | 4.83 | 4.49 | 4.81 | 5.30 | 5.25 | 5.48 | 5.35 | 6.16 | |||||
| Dividend Per Share TTM | 2.37 | 2.33 | 2.25 | 2.21 | 2.13 | 2.05 | 1.93 | 1.89 | 1.82 | 1.73 | 1.62 | 1.64 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 98.66% | 98.73% | 98.72% | 98.82% | 98.73% | 98.82% | 98.96% | 98.31% | 98.49% | 98.48% | 98.43% | 98.92% | |||||
| Operating Profit Margin TTM | 32.02% | 30.99% | 26.41% | 28.79% | 20.08% | 26.01% | 33.90% | 26.42% | 32.55% | 31.49% | 28.14% | 29.20% | |||||
| Net Profit Margin TTM | 26.91% | 25.60% | 21.24% | 23.55% | 15.32% | 21.27% | 28.76% | 22.01% | 28.34% | 27.67% | 24.91% | 24.31% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 13.56% | 7.24% | -9.31% | 2.31% | -17.57% | -12.66% | 1.21% | -8.31% | 3.65% | 3.04% | -2.29% | -8.52% | |||||
| Net Income Growth (1Y) | 99.51% | 29.03% | -33.01% | 9.45% | -55.46% | -32.84% | 16.83% | -16.96% | 14.00% | 17.35% | 5.45% | -12.81% | |||||
| EPS Growth (1Y) | 112.40% | 36.98% | -29.29% | 15.20% | -53.14% | -29.12% | 23.82% | -12.00% | 21.31% | 24.76% | 12.29% | -7.19% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 12.10 | 12.02 | 15.87 | 13.91 | 22.63 | 16.33 | 10.30 | 15.71 | 8.80 | 8.76 | 9.96 | 9.28 | |||||
| P/B TTM | 1.94 | 1.86 | 1.96 | 2.02 | 2.03 | 2.23 | 2.15 | 2.41 | 1.85 | 1.99 | 2.11 | 1.88 | |||||
| P/S TTM | 3.25 | 3.08 | 3.37 | 3.28 | 3.47 | 3.47 | 2.96 | 3.46 | 2.49 | 2.42 | 2.48 | 2.26 | |||||
| Market Cap | 58.81B | 55.72B | 57.86B | 57.99B | 55.14B | 58.68B | 56.06B | 59.82B | 48.13B | 46.85B | 46.39B | 42.58B | |||||
| Enterprise Value | 52.69B | 50.06B | 51.61B | 51.23B | 48.17B | 53.45B | 49.83B | 54.21B | 42.07B | 41.75B | 42.08B | 37.07B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 2.65B | 2.93B | 2.56B | 2.57B | 2.59B | 2.45B | 2.71B | 2.96B | 2.96B | 3.15B | 3.19B | 3.64B | |||||
| Net Debt | -6.12B | -5.65B | -6.25B | -6.77B | -6.97B | -5.23B | -6.23B | -5.61B | -6.06B | -5.10B | -4.31B | -5.50B | |||||
Per-Share and Margin | |||||||||||||||||
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| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
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| Effective Tax Rate TTM | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
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| Dividend Yield TTM | |||||||||||||||||
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| EV EBITDA TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
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| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
AFLAC INC (AFL) — SEC Financial Statements & Analysis
AFLAC INC (AFL) is a accident & health insurance company, incorporated in GA. AFLAC INC trades on NYSE as: AFL. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), AFLAC INC reported a 13.56% year-over-year revenue growth, a Gross Profit Margin of 98.66% (TTM), a Price-to-Sales (P/S) ratio of 3.25x (TTM), a Price-to-Book (P/B) ratio of 1.94x (TTM), at a market cap of $58.81B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 13.56%
- Gross Profit Margin TTM
- 98.66%
- P/S TTM
- 3.25x
- P/B TTM
- 1.94x
- Market Cap
- $58.81B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is AFLAC INC in?
AFLAC INC (AFL) operates in the Accident & Health Insurance industry.
What is AFL's market cap?
AFLAC INC (AFL) has a market capitalization of $58.81B as of 2026-06-30.
What is AFL's P/E ratio?
AFLAC INC (AFL)'s trailing twelve month P/E ratio is 12.10x as of 2026-06-30.
What exchange does AFL trade on?
AFLAC INC (AFL) trades on the NYSE.
Where is AFLAC INC incorporated?
AFLAC INC is incorporated in GA.