AFL · Aflac Inc
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $18.07B | $17.16B | $18.93B | $18.7B | $19.14B | $21.55B | $22.15B | $22.31B | $21.76B | $21.67B | $22.56B | $20.87B | $22.73B | $23.94B | $25.36B | $22.17B | $20.73B | $18.25B | $16.55B | $15.39B | |
| $13.26B | $13.55B | $13.44B | $14.12B | $14.9B | $17.1B | $18.62B | $18.78B | $18.68B | $18.53B | $19.23B | $17.57B | $19.07B | $20.14B | $22.15B | $20.36B | $18.07B | $16.62B | $14.95B | $12.97B | |
| $3.17B | $3.25B | $3.01B | $3.17B | $3.25B | $3.54B | $3.42B | $3.09B | $2.99B | $2.78B | $2.8B | $2.61B | $2.26B | $2.22B | $2.42B | $2.34B | $2.16B | $1.98B | $1.74B | $1.49B | |
| — | $36M | $40M | $39M | $45M | $45M | $41M | $41M | $49M | $53M | $54M | $50M | $55M | $69M | $67M | $64M | $82M | $81M | $74M | — | |
| $30M | $6M | $0 | $0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| $5.26B | $5.34B | $5.06B | $5.23B | $5.38B | $5.87B | $6.19B | $5.92B | — | — | — | — | — | — | — | — | — | — | — | — | |
| $4.32B | — | — | — | $4.16B | $4.93B | $4.42B | $4.46B | $4.35B | $4.09B | $4.12B | $4B | $4.25B | $4.4B | $4.66B | $4.5B | $3.98B | $3.44B | — | — | |
| — | — | — | — | 21.72% | 22.89% | 19.94% | 20% | 20.01% | 18.86% | 18.25% | 19.17% | 18.71% | 18.38% | 18.36% | 20.31% | 19.21% | 18.82% | — | — | |
| — | — | — | — | $4.2B | $4.98B | $4.46B | $4.5B | $4.4B | $4.14B | $4.17B | $4.05B | $4.31B | $4.47B | $4.73B | $4.57B | $4.07B | $3.52B | — | — | |
| $193M | — | — | $195M | $226M | $238M | $242M | $228M | $222M | $240M | $268M | $289M | $317M | $293M | $261M | $196M | $149M | $72M | $29M | $27M | |
| $2M | — | — | $39M | $0 | -$73M | -$28M | -$1M | -$74M | -$69M | -$137M | -$233M | $67M | $28M | -$7M | $0 | $0 | — | — | — | |
| $708M | -$572M | $1.27B | $590M | $363M | $468M | -$270M | -$135M | -$430M | -$151M | -$14M | $106M | $215M | $399M | -$349M | -$1.55B | -$422M | -$1.21B | — | — | |
| $5.79B | $4.53B | $6.42B | $5.26B | $4.87B | $5.21B | $4.16B | $4.45B | $3.98B | $4.02B | $4.07B | $3.86B | $4.49B | $4.82B | $4.3B | $2.95B | $3.56B | $2.24B | $1.91B | $2.5B | |
| $924M | $887M | $974M | $603M | $451M | $977M | -$619M | $1.14B | $1.06B | -$586M | $1.41B | $1.33B | $1.54B | $1.66B | $1.44B | $1.01B | $1.23B | $738M | $660M | $865M | |
| $4.86B | $3.65B | $5.44B | $4.66B | $4.42B | $4.23B | $4.78B | $3.3B | $2.92B | $4.6B | $2.66B | $2.53B | $2.95B | $3.16B | $2.87B | $1.94B | $2.33B | $1.5B | $1.25B | — | |
| — | 21.24% | 28.76% | 24.91% | 23.08% | 19.63% | 21.57% | 14.81% | 13.42% | 21.25% | 11.79% | 12.14% | 12.98% | 13.19% | 11.3% | 8.74% | 11.23% | 8.2% | 7.58% | — | |
| $4.66B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | $1.5B | $1.25B | $1.63B | |
| $8.03B | $8.08B | $7.99B | $5.57B | $6.4B | $5.46B | $6.25B | $7.77B | $817M | $6B | $4.66B | $1.18B | $5.49B | -$120M | $3.62B | $3.15B | $3.26B | $2.11B | -$262M | — | |
| USD/shares | — | $6.84 | $9.68 | $7.81 | $6.96 | $6.28 | $6.69 | $4.45 | $3.79 | $5.81 | $3.23 | $5.88 | $6.54 | $6.80 | $6.14 | $4.16 | $4.96 | $3.21 | $2.65 | $3.35 |
| USD/shares | — | $6.82 | $9.63 | $7.78 | $6.93 | $6.25 | $6.67 | $4.43 | $3.77 | $5.77 | $3.21 | $5.85 | $6.50 | $6.76 | $6.11 | $4.12 | $4.92 | $3.19 | $2.62 | $3.31 |
| shares | — | 532.89M | 562.49M | 596.17M | 634.82M | 673.62M | 713.7M | 742.41M | 769.59M | 792.04M | 822.94M | 430.65M | 451.2M | 464.5M | 466.87M | 466.52M | 469.04M | 466.55M | 473.41M | 487.87M |
| shares | — | 534.88M | 565.02M | 598.75M | 637.66M | 676.73M | 716.19M | 746.43M | 774.65M | 797.86M | 827.84M | 433.17M | 454M | 467.41M | 469.29M | 469.37M | 473.09M | 469.06M | 478.82M | 493.97M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2025: $27.06B in buybacks, $13.7B in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 7 similar-size Insurance - Life companies (of 17 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Aflac Japan | $9,357,000,000 | $9,659,000,000 | $10,664,000,000 | $11,890,000,000 | $14,373,000,000 | $15,371,000,000 | $15,313,000,000 | $15,206,000,000 |
| Aflac US | $6,903,000,000 | $6,739,000,000 | $6,623,000,000 | $6,486,000,000 | $6,489,000,000 | $6,565,000,000 | $6,550,000,000 | $6,443,000,000 |
| Corporate And Other | $1,277,000,000 | $1,007,000,000 | $460,000,000 | $267,000,000 | $175,000,000 | $384,000,000 | — | — |
| All Other Segments | — | — | — | — | $175,000,000 | $384,000,000 | $393,000,000 | $339,000,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Aflac Japan | $3,440,000,000 | $3,494,000,000 | $3,234,000,000 | $3,281,000,000 | $3,756,000,000 | $3,263,000,000 | $3,261,000,000 | $3,208,000,000 |
| Aflac US | $1,421,000,000 | $1,419,000,000 | $1,501,000,000 | $1,359,000,000 | $1,356,000,000 | $1,268,000,000 | $1,272,000,000 | $1,285,000,000 |
| Corporate And Other | $101,000,000 | $32,000,000 | -$425,000,000 | -$218,000,000 | -$293,000,000 | -$115,000,000 | — | — |
| All Other Segments | — | — | — | — | -$298,000,000 | — | -$72,000,000 | -$139,000,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Aflac Japan | 36.8% | 36.2% | 30.3% | 27.6% | 26.1% | 21.2% | 21.3% | 21.1% |
| Aflac US | 20.6% | 21.1% | 22.7% | 21% | 20.9% | 19.3% | 19.4% | 19.9% |
| Corporate And Other | 7.9% | 3.2% | -92.4% | -81.6% | -167.4% | -29.9% | — | — |
| All Other Segments | — | — | — | — | -170.3% | — | -18.3% | -41% |