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AFLAC INC

AFL

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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
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Subscriber-only column
Consolidated Entity Excluding Variable Interest En…
-00000000000
Variable Interest Entity Primary Beneficiary
-2,7452,819-861452,9072,634461-872,7562,882-191
Assets
Available For Sale Securities Debt Securities
62,84863,22864,12167,27668,87967,14465,26972,29266,25970,13073,29069,801
Debt Securities Held To Maturity Amortized Cost Af…
15,50515,75216,12016,95517,43416,88815,96617,69815,68516,68917,81916,899
Equity Securities Fv Ni Current And Noncurrent
9258518878858827647968087287621,088990
Cash And Cash Equivalents At Carrying Value
6,1205,6546,2456,7686,9655,2316,2295,6126,0605,0984,3065,502
Investments And Cash
103,003103,192103,760109,516111,769107,446105,087115,601107,629111,716113,560111,306
Premiums And Other Receivables Net
8959478358528738947798148801,038848712
Accrued Investment Income Receivable
733695718702753682710696726693731687
Deferred Policy Acquisition Costs
8,9488,9769,0349,2169,2969,0838,7589,2328,5508,8199,1328,771
Property Plant And Equipment Net
351354351367390391387421398418445445
Other Assets
2,0312,1161,7721,6531,6551,7621,8451,6781,9852,0582,0083,190
Assets
115,961116,280116,470122,306124,736120,258117,566128,442120,168124,742126,724125,111
Liabilities And Stockhold…
Liabilities
Policy Liabilities
Liability For Future Policy Benefits
57,18159,51962,32067,14371,09971,19770,38179,67270,33977,86783,71878,448
Liability For Unpaid Claims And Claims Adjustment …
553522495460426411381381359344261249
Unearned Premiums
1,3261,3181,3231,3491,3771,3571,2861,4061,2161,3221,4511,447
Other Policyholder Funds
5,2885,4235,4455,7856,0025,8635,4606,0955,4395,8316,1695,884
Taxes Payable Current And Noncurrent
1,5891,7531,3681,477685815573454752777154869
Obligation To Return Securities Received As Collat…
7,3406,4143,9895,4295,7673,1422,0374,2334,4933,3661,5034,607
Debt And Capital Lease Obligations
8,7297,9088,4098,6858,9337,7517,4987,9787,4307,9127,3646,961
Other Liabilities
3,6433,4623,6313,2903,2473,3843,8523,3934,0933,7864,1193,977
Liabilities
85,64986,31986,98093,61897,53693,92091,468103,61294,121101,205104,739102,442
Stockholders Equity
Common Stock Value
136136136136136136136136136136136136
Additional Paid In Capital Common Stock
3,1053,0643,0242,9772,9582,9192,8942,8762,8352,8062,7712,729
Retained Earnings Accumulated Deficit
56,21855,70254,68253,92352,59552,30852,27750,97251,34549,87247,99348,257
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…
-2,753-2,665-1,809-1,701-1,828-1,233245574011,0921,139-403
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
10,4159,4588,0356,8325,5943,8992,006-671,425-1,495-2,560-866
Accumulated Other Comprehensive Income Loss Define…
83858642424210-8-5-7-817
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
30,31229,96129,49028,68827,20026,33826,09824,83026,04723,53721,98522,669
Liabilities And Stockholders Equity
115,961116,280116,470122,306124,736120,258117,566128,442120,168124,742126,724125,111
Debt Securities Available For Sale Allowance For C…
000000000000
Available For Sale Debt Securities Amortized Cost …
65,19065,45665,26368,27170,03067,54564,08970,41964,60367,59470,68969,161
Debt Securities Held To Maturity Allowance For Cre…
445555555555
Held To Maturity Securities Fair Value
14,25614,76915,47616,77017,60717,13516,77218,97516,57018,24519,65718,460
Financing Receivable Allowance For Credit Losses
-457426422384368355284238232274260
Notes Receivable Net
9,3549,7709,76510,13710,26410,65610,86911,54411,79512,36012,52712,873
Other Investments
8,2517,9376,6227,4957,3456,7635,9587,6477,1026,6774,5305,241
Common Stock Par Or Stated Value Per Share
0.10.10.10.10.10.10.10.10.10.10.10.1
Common Stock Shares Authorized
1,9001,9001,9001,9001,9001,9001,9001,9001,9001,9001,9001,900
Common Stock Shares Issued
1,3591,3591,3581,3581,3581,3581,3571,3571,3571,3561,3551,355

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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%
20244.94%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
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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
EPS TTM
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
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
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
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-22Sale
Owner: Moskowitz, Joseph L
Title: -
Shares: 12,370
Price/Share: $116.54
Value: $1,441,599.80
Shares Owned: 33,310
Relationship: Director
Ownership: Direct
2026-06-22Sale
Owner: Japan, Post Holdings Co.,…
Title: -
Shares: 27,845
Price/Share: $117.01
Value: $3,258,143.45
Shares Owned: 50,898,490
Relationship: TenPercentOwner
Ownership: Indirect
2026-06-18Sale
Owner: Japan, Post Holdings Co.,…
Title: -
Shares: 3,300
Price/Share: $116.58
Value: $384,714.00
Shares Owned: 50,926,335
Relationship: TenPercentOwner
Ownership: Indirect
2026-06-17Sale
Owner: Japan, Post Holdings Co.,…
Title: -
Shares: 26,300
Price/Share: $116.96
Value: $3,076,048.00
Shares Owned: 50,929,635
Relationship: TenPercentOwner
Ownership: Indirect
2026-06-16Sale
Owner: Japan, Post Holdings Co.,…
Title: -
Shares: 30,000
Price/Share: $117.52
Value: $3,525,600.00
Shares Owned: 50,955,935
Relationship: TenPercentOwner
Ownership: Indirect

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Institutional Ownership

No data available for chart
2026-03-31
65.00%
Inst. Shares: 333,474,872
Shares Outstanding: 513,071,000
2025-12-31
64.09%
Inst. Shares: 341,526,230
Shares Outstanding: 532,885,000
2025-09-30
64.09%
Inst. Shares: 339,705,551
Shares Outstanding: 530,050,000
2025-06-30
65.56%
Inst. Shares: 351,866,706
Shares Outstanding: 536,688,000
2025-03-31
64.24%
Inst. Shares: 349,895,378
Shares Outstanding: 544,707,000

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.

Wall Street's data.
Main Street's price.