Aflac Inc
NYSE:AFL

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Aflac Inc Logo
Aflac Inc
NYSE:AFL
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Price: 109.52 USD 2.17%
Market Cap: 57.4B USD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Income Statement
Aflac Inc

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Income Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
19
18
18
18
20
21
21
22
22
23
24
24
23
24
24
24
23
22
21
19
19
22
23
25
27
26
27
28
29
30
37
55
72
97
116
130
149
161
0
141
196
109
171
186
261
275
282
286
293
302
314
320
317
320
313
303
289
271
263
261
268
265
260
254
240
235
228
222
222
223
226
230
228
226
232
238
242
249
248
242
238
232
225
227
226
217
213
203
195
194
193
194
197
200
202
209
Gross Premiums Earned
8 079
8 038
8 188
8 423
8 657
9 030
9 339
9 533
9 961
10 089
10 413
10 760
11 336
11 563
11 863
12 180
12 030
12 281
12 387
12 364
12 366
12 594
12 631
12 776
13 032
13 515
14 022
14 187
14 729
15 080
15 411
16 179
16 850
16 850
17 176
17 602
18 185
18 579
19 195
20 101
21 037
21 331
21 826
22 272
22 714
22 571
22 220
21 355
20 509
20 071
19 945
19 742
19 409
19 008
18 493
17 977
17 900
18 069
18 409
19 016
19 619
19 599
19 471
19 194
18 626
18 739
18 776
18 701
18 746
18 690
18 665
18 767
18 864
18 878
18 886
18 794
18 779
18 694
18 469
18 225
17 820
17 329
16 661
15 829
15 483
14 769
14 573
14 511
14 300
14 050
13 779
13 607
13 540
13 459
13 612
13 659
Revenue
9 598
N/A
9 588
0%
9 753
+2%
10 014
+3%
10 257
+2%
10 693
+4%
11 041
+3%
11 265
+2%
11 447
+2%
11 920
+4%
12 292
+3%
12 682
+3%
13 281
+5%
13 561
+2%
13 895
+2%
14 243
+3%
14 363
+1%
14 362
0%
14 492
+1%
14 495
+0%
14 616
+1%
14 807
+1%
14 874
+0%
15 063
+1%
15 393
+2%
15 910
+3%
16 482
+4%
16 692
+1%
17 307
+4%
17 719
+2%
18 081
+2%
18 904
+5%
19 615
+4%
19 670
+0%
19 952
+1%
20 465
+3%
21 191
+4%
21 606
+2%
22 382
+4%
23 128
+3%
24 072
+4%
24 554
+2%
25 043
+2%
25 834
+3%
26 341
+2%
26 161
-1%
25 960
-1%
24 912
-4%
24 138
-3%
23 518
-3%
23 340
-1%
23 180
-1%
22 759
-2%
22 348
-2%
21 769
-3%
21 210
-3%
21 025
-1%
21 258
+1%
21 441
+1%
22 002
+3%
22 642
+3%
22 496
-1%
22 463
0%
22 239
-1%
21 704
-2%
21 856
+1%
22 013
+1%
22 081
+0%
21 839
-1%
22 025
+1%
21 944
0%
21 916
0%
22 338
+2%
21 842
-2%
21 736
0%
21 847
+1%
22 147
+1%
22 854
+3%
23 011
+1%
22 583
-2%
22 126
-2%
21 410
-3%
21 178
-1%
20 649
-2%
19 527
-5%
18 854
-3%
18 694
-1%
18 936
+1%
18 701
-1%
19 335
+3%
19 301
0%
17 300
-10%
18 927
+9%
16 888
-11%
15 910
-6%
17 701
+11%
Operating Income
Operating Expenses
(8 498)
(8 478)
(8 570)
(8 768)
(8 978)
(9 328)
(9 621)
(9 830)
(10 227)
(10 576)
(10 911)
(11 221)
(11 485)
(11 725)
(11 956)
(12 110)
(12 114)
(12 045)
(12 068)
(12 161)
(12 333)
(12 461)
(12 516)
(12 618)
(12 867)
(13 295)
(13 761)
(14 084)
(14 611)
(15 016)
(15 253)
(15 669)
(15 947)
(16 066)
(16 298)
(16 646)
(17 022)
(17 421)
(18 007)
(18 550)
(19 025)
(19 625)
(20 080)
(20 536)
(20 801)
(20 595)
(20 113)
(19 560)
(18 830)
(18 510)
(18 412)
(18 251)
(17 920)
(17 594)
(17 414)
(16 938)
(16 721)
(16 861)
(17 059)
(17 638)
(18 224)
(18 304)
(18 089)
(17 773)
(17 409)
(17 486)
(17 568)
(17 574)
(17 553)
(17 485)
(17 426)
(17 491)
(17 634)
(17 694)
(17 621)
(17 609)
(17 746)
(17 562)
(17 417)
(17 035)
(16 546)
(16 166)
(15 589)
(14 838)
(14 672)
(13 734)
(13 461)
(13 233)
(13 244)
(13 052)
(12 825)
(12 536)
(12 313)
(12 297)
(12 514)
(12 396)
Selling, General & Administrative
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(306)
0
0
0
(297)
0
0
0
(276)
0
0
0
(299)
0
0
0
(285)
0
0
0
(291)
0
0
0
(273)
0
0
0
(240)
0
0
0
(287)
0
0
0
(256)
0
0
0
(237)
0
0
0
(224)
0
0
0
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(69)
0
0
0
(55)
0
0
0
(100)
0
0
0
(108)
0
0
0
(53)
0
0
0
(49)
0
0
0
(40)
0
0
0
(36)
0
0
0
(39)
0
0
0
(40)
0
0
0
(35)
0
0
0
(40)
0
0
0
Benefits Claims Loss Adjustment
(7 309)
(8 075)
(8 147)
(8 327)
(7 626)
(8 795)
(9 075)
(9 271)
(8 675)
(10 013)
(10 336)
(10 628)
(9 734)
(11 092)
(11 314)
(11 466)
(10 192)
(11 395)
(11 410)
(11 493)
(10 319)
(11 771)
(11 812)
(11 896)
(10 616)
(12 493)
(12 919)
(13 210)
(11 959)
(14 050)
(14 247)
(14 614)
(12 876)
(14 937)
(15 162)
(15 489)
(13 743)
(16 242)
(17 095)
(17 610)
(15 474)
(18 980)
(19 118)
(19 553)
(17 074)
(19 291)
(18 827)
(18 299)
(17 188)
(17 236)
(17 117)
(16 958)
(16 282)
(16 326)
(15 939)
(15 464)
(14 887)
(15 372)
(15 772)
(16 321)
(16 332)
(16 812)
(16 639)
(16 384)
(15 939)
(16 334)
(16 396)
(16 358)
(15 968)
(16 214)
(16 149)
(16 212)
(16 038)
(16 390)
(16 339)
(16 370)
(16 251)
(16 370)
(16 234)
(15 866)
(15 044)
(15 100)
(14 606)
(13 939)
(13 219)
(12 819)
(12 558)
(12 331)
(12 152)
(12 226)
(11 993)
(11 691)
(11 198)
(11 487)
(11 728)
(12 186)
Policy Acquisition Expense
(328)
(337)
(349)
(369)
(385)
(409)
(428)
(442)
(464)
(481)
(493)
(505)
(519)
(526)
(533)
(537)
(542)
(550)
(559)
(567)
(574)
(584)
(596)
(610)
(640)
(678)
(707)
(737)
(775)
(833)
(874)
(909)
(942)
(972)
(976)
(1 003)
(958)
(1 011)
0
(803)
(1 033)
(551)
(820)
(837)
(1 117)
(1 113)
(1 095)
(1 070)
(1 074)
(1 085)
(1 110)
(1 125)
(1 108)
(1 091)
(1 070)
(1 057)
(1 066)
(1 081)
(1 110)
(1 134)
(1 141)
(1 143)
(1 142)
(1 131)
(1 132)
(1 152)
(1 172)
(1 216)
(1 245)
(1 271)
(1 277)
(1 279)
(1 282)
(1 274)
(1 254)
(1 229)
(1 214)
(1 192)
(1 183)
(1 169)
(1 170)
(1 066)
(983)
(899)
(1 152)
(890)
(895)
(902)
(816)
(826)
(832)
(845)
(851)
(851)
(864)
(868)
Other Operating Expenses
(861)
(66)
(74)
(72)
(967)
(124)
(118)
(117)
(1 088)
(82)
(82)
(88)
(1 232)
(107)
(109)
(107)
(1 380)
(100)
(99)
(101)
(1 440)
(106)
(108)
(112)
(1 611)
(124)
(135)
(137)
(1 877)
(133)
(132)
(146)
(2 129)
(157)
(160)
(154)
(2 321)
(168)
(912)
(137)
(2 518)
(94)
(142)
(146)
(2 610)
(191)
(191)
(191)
(193)
(189)
(185)
(168)
(178)
(177)
(405)
(417)
(392)
(408)
(177)
(183)
(344)
(349)
(308)
(258)
0
0
0
0
0
0
0
0
(1)
(30)
(28)
(10)
(5)
0
0
0
(6)
0
0
0
(5)
(25)
(8)
0
(4)
0
0
0
0
41
78
658
Operating Income
1 100
N/A
1 110
+1%
1 183
+7%
1 246
+5%
1 279
+3%
1 365
+7%
1 420
+4%
1 435
+1%
1 220
-15%
1 344
+10%
1 381
+3%
1 461
+6%
1 796
+23%
1 836
+2%
1 939
+6%
2 133
+10%
2 249
+5%
2 317
+3%
2 424
+5%
2 334
-4%
2 283
-2%
2 346
+3%
2 358
+1%
2 445
+4%
2 526
+3%
2 615
+4%
2 721
+4%
2 608
-4%
2 696
+3%
2 703
+0%
2 828
+5%
3 235
+14%
3 668
+13%
3 604
-2%
3 654
+1%
3 819
+5%
4 169
+9%
4 185
+0%
4 375
+5%
4 578
+5%
5 047
+10%
4 929
-2%
4 963
+1%
5 298
+7%
5 540
+5%
5 566
+0%
5 847
+5%
5 352
-8%
5 308
-1%
5 008
-6%
4 928
-2%
4 929
+0%
4 839
-2%
4 754
-2%
4 355
-8%
4 272
-2%
4 304
+1%
4 397
+2%
4 382
0%
4 364
0%
4 418
+1%
4 192
-5%
4 374
+4%
4 466
+2%
4 295
-4%
4 370
+2%
4 445
+2%
4 507
+1%
4 286
-5%
4 540
+6%
4 518
0%
4 425
-2%
4 704
+6%
4 148
-12%
4 115
-1%
4 238
+3%
4 401
+4%
5 292
+20%
5 594
+6%
5 548
-1%
5 580
+1%
5 244
-6%
5 589
+7%
5 811
+4%
4 855
-16%
5 120
+5%
5 233
+2%
5 703
+9%
5 457
-4%
6 284
+15%
6 477
+3%
4 765
-26%
6 614
+39%
4 591
-31%
3 396
-26%
5 305
+56%
Pre-Tax Income
Interest Income Expense
(19)
(18)
(18)
(18)
(20)
(21)
(21)
(22)
(22)
(23)
(24)
(24)
(23)
(24)
(24)
(24)
(23)
(22)
(21)
(19)
(19)
(22)
(23)
(25)
(27)
(26)
(27)
(28)
(29)
(30)
(37)
(55)
(72)
(97)
(116)
(130)
(149)
(161)
0
(141)
(196)
(109)
(171)
(186)
(261)
(275)
(282)
(286)
(293)
(302)
(314)
(320)
(317)
(320)
(313)
(303)
(289)
(271)
(263)
(261)
(268)
(265)
(260)
(254)
(240)
(235)
(228)
(222)
(222)
(223)
(226)
(230)
(228)
(226)
(232)
(238)
(242)
(249)
(248)
(242)
(238)
(232)
(225)
(227)
(226)
(217)
(213)
(203)
(195)
(194)
(193)
(194)
(197)
(200)
(202)
(209)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(380)
(753)
(614)
(999)
(987)
(1 361)
(1 169)
(784)
(429)
(459)
(822)
(1 490)
(1 643)
(1 901)
(1 260)
(935)
(866)
(977)
(829)
(486)
(399)
(199)
(147)
(175)
(165)
(31)
(34)
(6)
(143)
(153)
(161)
(194)
(79)
(83)
(79)
(55)
(41)
(37)
(34)
(30)
(27)
(81)
(76)
(73)
(86)
(31)
0
0
0
0
0
0
0
(20)
0
(17)
(21)
(25)
0
0
(4)
0
0
0
0
0
0
0
0
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(128)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
1 081
N/A
1 092
+1%
1 165
+7%
1 228
+5%
1 259
+3%
1 344
+7%
1 399
+4%
1 413
+1%
1 198
-15%
1 321
+10%
1 357
+3%
1 437
+6%
1 773
+23%
1 812
+2%
1 915
+6%
2 109
+10%
2 226
+6%
2 295
+3%
2 403
+5%
2 315
-4%
2 264
-2%
2 324
+3%
2 335
+0%
2 420
+4%
2 499
+3%
2 589
+4%
2 694
+4%
2 200
-18%
1 914
-13%
2 059
+8%
1 792
-13%
2 193
+22%
2 235
+2%
2 338
+5%
2 754
+18%
3 260
+18%
3 561
+9%
3 202
-10%
2 757
-14%
2 794
+1%
2 950
+6%
3 560
+21%
3 857
+8%
4 246
+10%
4 302
+1%
4 462
+4%
5 079
+14%
4 667
-8%
4 816
+3%
4 559
-5%
4 439
-3%
4 444
+0%
4 491
+1%
4 400
-2%
4 036
-8%
3 826
-5%
3 862
+1%
3 965
+3%
3 925
-1%
4 024
+3%
4 067
+1%
3 848
-5%
4 059
+5%
4 171
+3%
4 018
-4%
4 101
+2%
4 187
+2%
4 258
+2%
3 983
-6%
4 241
+6%
4 219
-1%
4 109
-3%
4 445
+8%
3 922
-12%
3 883
-1%
4 000
+3%
4 159
+4%
5 043
+21%
5 346
+6%
5 306
-1%
5 322
+0%
5 012
-6%
5 347
+7%
5 563
+4%
4 604
-17%
4 903
+6%
5 020
+2%
5 496
+9%
5 262
-4%
6 090
+16%
6 284
+3%
4 571
-27%
6 417
+40%
4 391
-32%
3 194
-27%
5 096
+60%
Net Income
Tax Provision
(394)
(401)
(415)
(431)
(438)
(469)
(488)
(505)
(430)
(459)
(485)
(509)
(507)
(523)
(548)
(580)
(743)
(765)
(801)
(801)
(781)
(801)
(805)
(837)
(865)
(897)
(934)
(760)
(660)
(710)
(612)
(750)
(738)
(774)
(923)
(1 102)
(1 233)
(1 105)
(967)
(958)
(1 013)
(1 227)
(1 315)
(1 422)
(1 436)
(1 489)
(1 700)
(1 604)
(1 658)
(1 561)
(1 520)
(1 521)
(1 540)
(1 518)
(1 391)
(1 320)
(1 329)
(1 364)
(1 349)
(1 386)
(1 408)
(1 328)
(1 374)
(1 399)
(1 347)
(1 305)
(1 272)
(1 203)
(1 045)
(1 093)
(1 086)
(1 055)
(1 141)
(981)
(954)
608
619
463
460
(1 068)
(997)
(933)
(979)
(302)
(403)
(355)
(232)
(920)
(603)
(740)
(813)
(762)
(974)
(798)
(757)
(927)
Income from Continuing Operations
687
691
750
797
821
875
911
908
768
862
872
928
1 266
1 289
1 367
1 529
1 483
1 530
1 602
1 514
1 483
1 523
1 530
1 583
1 634
1 692
1 760
1 440
1 254
1 349
1 180
1 443
1 497
1 564
1 831
2 158
2 328
2 097
1 790
1 836
1 937
2 333
2 542
2 824
2 866
2 973
3 379
3 063
3 158
2 998
2 919
2 923
2 951
2 882
2 645
2 506
2 533
2 601
2 576
2 638
2 659
2 520
2 685
2 772
2 671
2 796
2 915
3 055
2 938
3 148
3 133
3 054
3 304
2 941
2 929
4 608
4 778
5 506
5 806
4 238
4 325
4 079
4 368
5 261
4 201
4 548
4 788
4 576
4 659
5 350
5 471
3 809
5 443
3 593
2 437
4 169
Net Income (Common)
687
N/A
691
+1%
750
+9%
797
+6%
821
+3%
875
+7%
911
+4%
908
0%
768
-15%
862
+12%
872
+1%
928
+6%
1 266
+36%
1 289
+2%
1 367
+6%
1 529
+12%
1 483
-3%
1 530
+3%
1 602
+5%
1 514
-5%
1 483
-2%
1 523
+3%
1 530
+0%
1 583
+3%
1 634
+3%
1 692
+4%
1 760
+4%
1 440
-18%
1 254
-13%
1 349
+8%
1 180
-13%
1 443
+22%
1 497
+4%
1 564
+4%
1 831
+17%
2 158
+18%
2 328
+8%
2 097
-10%
1 790
-15%
1 836
+3%
1 937
+6%
2 333
+20%
2 542
+9%
2 824
+11%
2 866
+1%
2 973
+4%
3 379
+14%
3 063
-9%
3 158
+3%
2 998
-5%
2 919
-3%
2 923
+0%
2 951
+1%
2 882
-2%
2 645
-8%
2 506
-5%
2 533
+1%
2 601
+3%
2 576
-1%
2 638
+2%
2 659
+1%
2 520
-5%
2 685
+7%
2 772
+3%
4 604
+66%
4 729
+3%
4 848
+3%
4 977
+3%
2 920
-41%
3 130
+7%
3 115
0%
3 047
-2%
3 304
+8%
2 941
-11%
2 929
0%
4 608
+57%
4 778
+4%
5 506
+15%
5 806
+5%
4 238
-27%
4 325
+2%
4 079
-6%
4 368
+7%
5 261
+20%
4 201
-20%
4 548
+8%
4 788
+5%
4 576
-4%
4 659
+2%
5 350
+15%
5 471
+2%
3 809
-30%
5 443
+43%
3 593
-34%
2 437
-32%
4 169
+71%
EPS (Diluted)
0.64
N/A
0.64
N/A
0.7
+9%
0.75
+7%
0.78
+4%
0.84
+8%
0.88
+5%
0.88
N/A
0.74
-16%
0.83
+12%
0.84
+1%
0.89
+6%
1.23
+38%
1.25
+2%
1.33
+6%
1.5
+13%
1.46
-3%
1.51
+3%
1.59
+5%
1.51
-5%
1.48
-2%
1.53
+3%
1.54
+1%
1.6
+4%
1.65
+3%
1.73
+5%
1.83
+6%
1.48
-19%
1.31
-11%
1.44
+10%
1.26
-13%
1.55
+23%
1.6
+3%
1.67
+4%
1.94
+16%
2.28
+18%
2.46
+8%
2.21
-10%
1.89
-14%
1.95
+3%
2.06
+6%
2.5
+21%
2.73
+9%
3.02
+11%
3.05
+1%
3.17
+4%
3.6
+14%
3.27
-9%
3.38
+3%
3.27
-3%
3.2
-2%
3.2
N/A
3.25
+2%
3.27
+1%
3.04
-7%
2.9
-5%
2.92
+1%
3.08
+5%
3.1
+1%
3.2
+3%
3.21
+0%
3.11
-3%
3.36
+8%
3.48
+4%
5.76
+66%
6.03
+5%
6.23
+3%
6.44
+3%
3.76
-42%
4.14
+10%
4.15
+0%
4.09
-1%
4.43
+8%
4.04
-9%
4.06
+0%
6.45
+59%
6.67
+3%
7.95
+19%
8.52
+7%
6.3
-26%
6.39
+1%
6.24
-2%
6.79
+9%
8.32
+23%
6.59
-21%
7.4
+12%
7.94
+7%
7.7
-3%
7.78
+1%
9.26
+19%
9.65
+4%
6.82
-29%
9.63
+41%
6.57
-32%
4.52
-31%
7.83
+73%

See Also

Summary
AFL intrinsic value, competitors valuation, and company profile.
DCF Valuation
AFL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
AFL stock valuation using valuation multiples.
Wall Street Estimates
AFL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
AFL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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