AFL · Aflac Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $17.16B | $18.93B | $18.70B | $19.50B | $22.11B | $22.15B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $3.25B | $3.01B | $3.17B | $3.25B | $3.54B | $3.42B |
| Total Operating Expenses | $5.34B | $5.06B | $5.23B | $5.75B | $6.19B | - |
| D&A | $36.00M | $40.00M | $39.00M | $45.00M | $45.00M | $41.00M |
| Operating Income | $4.53B | $6.42B | $5.26B | $4.16B | $4.93B | $4.42B |
| Interest Expense | $217.00M | $194.00M | $195.00M | $226.00M | $238.00M | $242.00M |
| Income Tax | $887.00M | $974.00M | $603.00M | $403.00M | $997.00M | ($619.00M) |
| Net Income | $3.65B | $5.44B | $4.66B | $4.20B | $4.33B | $4.78B |
| EPS - Basic | $6.84 | $9.68 | $7.81 | $6.62 | $6.42 | $6.69 |
| EPS - Diluted | $6.82 | $9.63 | $7.78 | $6.59 | $6.39 | $6.67 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.25B | $6.23B | $4.31B | $3.94B | $5.05B | $5.14B |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $116.47B | $117.57B | $126.72B | $131.02B | $157.54B | $165.09B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $86.98B | $91.47B | $104.74B | $108.65B | $124.29B | $131.53B |
| Stockholders' Equity | $29.49B | $26.10B | $21.98B | $22.36B | $33.25B | $33.56B |
| Retained Earnings | $54.68B | $52.28B | $47.99B | $44.57B | $41.38B | $37.98B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.56B | $2.71B | $3.19B | $3.88B | $5.05B | $5.96B |
| Investing Cash Flow | $1.56B | $2.78B | $817.00M | ($1.54B) | ($2.38B) | ($4.62B) |
| Financing Cash Flow | ($4.07B) | ($3.49B) | ($3.72B) | ($3.55B) | ($2.74B) | ($1.11B) |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 26.4% | 33.9% | 28.1% | 21.3% | 22.3% | 19.9% |
| EBITDA margin | 26.6% | 34.1% | 28.3% | 21.5% | 22.5% | 20.1% |
| Net margin | 21.2% | 28.8% | 24.9% | 21.5% | 19.6% | 21.6% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 19.0% | 15.9% | 16.9% | 16.7% | 16.0% | 15.4% |
| Effective tax rate | 19.6% | 15.2% | 11.5% | 8.8% | 18.7% | -14.9% |
| Return on assets | 3.1% | 4.6% | 3.7% | 3.2% | 2.7% | 2.9% |
| Return on equity | 12.4% | 20.9% | 21.2% | 18.8% | 13.0% | 14.2% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 20.9x | 33.1x | 27.0x | 18.4x | 20.7x | 18.2x |
| Equity multiplier | 3.95 | 4.50 | 5.76 | 5.86 | 4.74 | 4.92 |
| Liabilities / Assets | 0.75 | 0.78 | 0.83 | 0.83 | 0.79 | 0.80 |
| Efficiency | ||||||
| Asset turnover | 0.15 | 0.16 | 0.15 | 0.15 | 0.14 | 0.13 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 16.2x | 10.7x | 10.6x | 10.9x | 9.1x | 6.7x |
| P / B | 2.0x | 2.2x | 2.2x | 2.1x | 1.2x | 0.9x |
| P / S | 3.4x | 3.1x | 2.6x | 2.4x | 1.8x | 1.4x |
| EV / EBITDA | 11.5x | 8.1x | 8.5x | 10.0x | 6.9x | 6.0x |
| Growth | ||||||
| Revenue growth (YoY) | -9.3% | 1.2% | -4.1% | -11.8% | -0.2% | -0.7% |
| Revenue CAGR (3y) | -4.2% | -5.0% | -5.5% | -4.4% | 0.5% | 0.7% |
| Revenue CAGR (5y) | -5.0% | -3.2% | -3.0% | -2.1% | -0.4% | 1.2% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -29.4% | 21.9% | 26.6% | -15.7% | 11.7% | -1.0% |
| Net income growth (YoY) | -33.0% | 16.8% | 10.9% | -2.9% | -9.5% | 44.6% |
| EPS growth (YoY) | -29.2% | 23.8% | 18.1% | 3.1% | -4.2% | 50.6% |
| EPS CAGR (3y) | 1.2% | 14.7% | 5.3% | 14.2% | 19.2% | -16.7% |
| EPS CAGR (5y) | 0.4% | 16.8% | 15.6% | -10.6% | -0.1% | 2.7% |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 13.0% | 18.7% | -1.7% | -32.7% | -0.9% | 15.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$17.54B totalAflac Japan$9.36B · 53.4%
Aflac US$6.90B · 39.4%
Corporate And Other$1.28B · 7.3%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Accident & Health Insurance
Comparing AFLAC INC against the 4 most active filers in the same SIC group.
Dividends
$2.38/share trailing 12 months · +10.2% YoY
| Ex-date | Per share |
|---|---|
| May 20, 2026 | $0.6100 |
| Feb 18, 2026 | $0.6100 |
| Nov 19, 2025 | $0.5800 |
| Aug 20, 2025 | $0.5800 |
| May 21, 2025 | $0.5800 |
| Feb 19, 2025 | $0.5800 |
| Nov 20, 2024 | $0.5000 |
| Aug 21, 2024 | $0.5000 |
| May 21, 2024 | $0.5000 |
| Feb 20, 2024 | $0.5000 |
| Nov 14, 2023 | $0.4200 |
| Aug 22, 2023 | $0.4200 |
| May 16, 2023 | $0.4200 |
| Feb 14, 2023 | $0.4200 |
| Nov 15, 2022 | $0.4000 |
| Aug 23, 2022 | $0.4000 |
| May 17, 2022 | $0.4000 |
| Feb 15, 2022 | $0.4000 |
| Nov 16, 2021 | $0.3300 |
| Aug 17, 2021 | $0.3300 |
| May 18, 2021 | $0.3300 |
| Feb 16, 2021 | $0.3300 |
| Nov 17, 2020 | $0.2800 |
| Aug 18, 2020 | $0.2800 |