Aflac

Financials Life & Health Insurance Columbus, Georgia Last filing Feb 25, 2026 · FY2025

                    Revenue
                    FY2025
                
$17.2B
                    3y CAGR -3.6%
                    
                    P7
                    
                    -9.3%
                    
                    Net income
                    FY2025
                
$3.6B
                    Net margin +21.2%
                    
                    P54
                    
                    -33.0%
                    
                    Total assets
                    FY2025
                
$116.5B
                    ROA +3.1%
                    
                    P55
                    
                    -0.9%
                    
                    Operating cash flow
                    FY2025
                
$2.6B
                    
                    -5.6%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

19 accounts · 10 years

Total assets $116.5B

Total liabilities $87.0B

Shareholders equity $29.5B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	+0.3%	+44.7%	+9.2%	-21.9%	-1.8%	+5.0%	+12.9%	+24.2%	-28.2%	—
Short Term Investments	—	—	—	-100.0%	+24.9%	+60.0%	-18.7%	—	—	—
Other Current Assets	-4.0%	-8.1%	-35.3%	+1.1%	+13.1%	+14.7%	+6.6%	+9.8%	-22.5%	—
Property,Plant and Equipment	-9.3%	-13.0%	-16.0%	-1.5%	-10.5%	+3.4%	+31.2%	+2.1%	+0.2%	—
Other Noncurrent Assets	-4.0%	-8.1%	-35.3%	+1.1%	+13.1%	+14.7%	+6.6%	+9.8%	-22.5%	—
Total Assets	-0.9%	-7.2%	-3.3%	-16.8%	-4.6%	+8.1%	+8.8%	+2.3%	+5.7%	—
Liabilities
Operating Lease Liabilities	-19.8%	-22.9%	-15.1%	+32.4%	-26.6%	-4.0%	—	—	—	—
Other Current Liabilities	-5.7%	-6.5%	-15.0%	+1.8%	+31.8%	+5.0%	+18.4%	+2.6%	-34.7%	—
Total Current Liabilities	-4.9%	-12.7%	-3.6%	-12.6%	-5.5%	+6.2%	+5.9%	+3.8%	+3.0%	—
Operating Lease Liabilities Noncurrent	-19.8%	-22.9%	-15.1%	+32.4%	-26.6%	-4.0%	—	—	—	—
Other Noncurrent Liabilities	-5.7%	-6.5%	-15.0%	+1.8%	+31.8%	+5.0%	+18.4%	+2.6%	-34.7%	—
Total Liabilities	-4.9%	-12.7%	-3.6%	-12.6%	-5.5%	+6.2%	+5.9%	+3.8%	+3.0%	—
Equity
Common Stock	+0.0%	+0.0%	+0.7%	+0.0%	+0.0%	+0.0%	+0.0%	+101.5%	+0.0%	—
Additional Paid In Capital	+4.5%	+4.4%	+4.9%	+4.4%	+4.9%	+4.2%	+6.2%	+2.7%	+7.3%	—
Retained Earnings	+4.6%	+8.9%	+7.7%	+7.7%	+8.9%	+10.8%	+7.9%	+6.3%	+15.1%	—
Treasury Stock	+13.6%	+12.1%	+13.7%	+13.1%	+14.3%	+10.5%	+12.6%	+11.1%	+13.2%	—
Accumulated Other Comprehensive Income	+3.0%	+9.5%	+14.1%	-187.0%	-17.2%	+35.1%	+207.5%	-46.6%	+53.2%	—
Total Stockholders Equity	+13.0%	+18.7%	+9.2%	+18.3%	-49.3%	+15.9%	+23.4%	-4.6%	+20.1%	—
Total Liabilitiesand Equity	-0.9%	-7.2%	-3.3%	-16.8%	-4.6%	+8.1%	+8.8%	+2.3%	+5.7%	—

Income Statement

Revenue, expense, and profitability

14 accounts · 10 years

Revenue $17.2B

Operating income $4.2B

Net income $3.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	-9.3%	+1.2%	-2.3%	-11.2%	-2.7%	-0.7%	+2.5%	+0.4%	-4.0%	—
Expenses Selling,General and Administrative	+7.9%	-4.8%	-2.6%	-8.2%	+3.5%	+10.7%	+3.4%	+7.5%	-0.6%	—
Expenses Depreciation and Amortization	-10.0%	+2.6%	-13.3%	+0.0%	+9.8%	+0.0%	-16.3%	-7.5%	-1.9%	—
Expenses Operating Expenses	+5.5%	-3.2%	-2.9%	-8.3%	-5.2%	+4.6%	—	—	—	—
Other Income Expense Interest Expense	+11.9%	-0.5%	-13.7%	-5.0%	-1.7%	+6.1%	+2.7%	-7.5%	-10.4%	—
Other Income Expense Other Income/expense	-145.0%	+3159.0%	—	+100.0%	-160.7%	-2700.0%	+98.6%	-7.2%	+49.6%	—
Other Income Expense Income Before Tax	-29.4%	+21.9%	+8.1%	-6.5%	+25.2%	-6.4%	+11.6%	-0.9%	-1.2%	—
Income Tax Income Tax Expense	-8.9%	+61.5%	+33.7%	-53.8%	+257.8%	-154.3%	+7.3%	+281.4%	-141.6%	—
net Income net Income	-33.0%	+16.8%	+5.5%	+4.4%	-11.4%	+44.6%	+13.2%	-36.6%	+73.1%	—
net Income Comprehensive Income	+1.1%	+43.4%	-13.0%	+17.3%	-12.7%	-19.6%	+850.8%	-86.4%	+28.7%	—
Earnings Per Share Basic Eps	-29.3%	+23.9%	+12.2%	+10.8%	-6.1%	+50.3%	+17.4%	-34.8%	+79.9%	—
Earnings Per Share Diluted Eps	-29.2%	+23.8%	+12.3%	+10.9%	-6.3%	+50.6%	+17.5%	-34.7%	+79.8%	—
Earnings Per Share Weighted Average Shares Basic	-5.3%	-5.6%	-6.1%	-5.8%	-5.6%	-3.9%	-3.5%	-2.8%	-3.8%	—
Earnings Per Share Weighted Average Shares Diluted	-5.3%	-5.6%	-6.1%	-5.8%	-5.5%	-4.1%	-3.6%	-2.9%	-3.6%	—

Cash Flow Statement

Operating, investing, and financing flows

17 accounts · 10 years

Operating cash flow $2.6B

Investing cash flow $1.6B

Financing cash flow $-4.1B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	-33.0%	+16.8%	+5.5%	+4.4%	-11.4%	+44.6%	+13.2%	-36.6%	+73.1%	—
Operating Activities Depreciation and Amortization	-10.0%	+2.6%	-13.3%	+0.0%	+9.8%	+0.0%	-16.3%	-7.5%	-1.9%	—
Operating Activities Deferred Income Taxes	+36.0%	+66.4%	-45.2%	-518.6%	+91.6%	-521.8%	+206.0%	+74.0%	-332.3%	—
Operating Activities net Cash From Operating Activities	-5.6%	-15.1%	-17.8%	-23.2%	-15.2%	+9.2%	-9.3%	-1.9%	+2.4%	—
Investing Activities Purchases of Investments	+111.9%	+97.9%	-20.3%	-39.5%	+21.8%	-31.2%	-23.7%	-7.9%	-9.4%	—
Investing Activities Proceeds From Sale of Investments	+53.4%	+89.1%	-13.7%	+6.3%	+11.6%	-29.5%	-33.0%	+927.1%	-29.9%	—
Investing Activities Other Investing Activities	+583.6%	-140.9%	+233.0%	-173.2%	-115.5%	+115.4%	+169.9%	-358.8%	-10.5%	—
Investing Activities net Cash From Investing Activities	-43.9%	+240.4%	+153.1%	+35.2%	+48.5%	-45.7%	+11.5%	+34.0%	-40.9%	—
Financing Activities Repurchase of Common Stock	+26.1%	-0.0%	+16.7%	+4.3%	+49.7%	-5.5%	+25.1%	-3.7%	-5.0%	—
Financing Activities Dividends Paid	+10.2%	+12.5%	-1.3%	+14.5%	+11.2%	-0.3%	-2.8%	+20.0%	+0.5%	—
Financing Activities Proceeds From Stock Issuance	-30.8%	-18.8%	+0.0%	-38.5%	+44.4%	-55.0%	-16.7%	-17.2%	-14.7%	—
Financing Activities Other Financing Activities	-35.7%	-64.7%	-150.0%	+230.8%	+3.7%	-222.7%	+215.8%	—	+100.0%	—
Financing Activities net Cash From Financing Activities	-16.7%	+6.4%	-4.8%	-29.6%	-145.7%	+34.9%	-6.0%	+21.7%	-27.5%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+0.3%	+44.7%	+9.2%	+16529.2%	-214.3%	+275.0%	-140.0%	—	+100.0%	—
Cash Reconciliation net Change In Cash	-99.2%	+429.8%	+132.8%	-1131.1%	-136.7%	-56.2%	-33.9%	+161.8%	-368.8%	—
Cash Reconciliation Cash At Beginning of Period	+0.3%	+44.7%	+9.2%	-21.9%	-1.8%	+5.0%	+12.9%	+24.2%	-28.2%	—
Cash Reconciliation Cash At End of Period	+0.3%	+44.7%	+9.2%	-21.9%	-1.8%	+5.0%	+12.9%	+24.2%	-28.2%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	+21.7%	+22.9%	+19.9%	+20.0%	+20.0%	+18.9%	+18.2%
Net margin	+21.2%	+28.8%	+24.9%	+23.1%	+19.6%	+21.6%	+14.8%	+13.4%	+21.2%	+11.8%
FCF margin	—	—	—	—	—	—	—	—	—	—
Growth
Revenue CAGR (3y)	-3.6%	-4.2%	-5.5%	-5.0%	-0.3%	+0.7%	-0.4%	+1.4%	-1.6%	-2.0%
Returns
ROE	+12.4%	+20.9%	+21.2%	+21.9%	+24.8%	+14.2%	+11.4%	+12.4%	+18.7%	+13.0%
ROA	+3.1%	+4.6%	+3.7%	+3.4%	+2.7%	+2.9%	+2.2%	+2.1%	+3.4%	+2.0%
ROIC	—	—	—	—	—	—	—	—	—	—
Liquidity
Current ratio	—	—	—	—	—	—	—	—	—	—
Quick ratio	—	—	—	—	—	—	—	—	—	—
Leverage
D/E	2.95x	3.50x	4.76x	5.39x	7.30x	3.92x	4.28x	4.98x	4.58x	5.34x
Interest coverage	—	—	—	18.39x	20.73x	18.25x	19.57x	19.61x	17.03x	15.36x
Efficiency
Asset turnover	0.15x	0.16x	0.15x	0.15x	0.14x	0.13x	0.15x	0.15x	0.16x	0.17x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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