Aflac Incorporated (ETR:AFL)

Aflac Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	84,231	81,235	91,109	94,797	120,696	130,346
Investments in Equity & Preferred Securities	4,846	4,231	3,838	3,381	3,461	2,287
Policy Loans	217	203	214	214	236	260
Other Investments	2,377	1,638	1,339	1,566	1,748	1,165
Total Investments	98,105	94,213	104,433	108,195	133,326	140,977
Cash & Equivalents	6,768	6,229	4,306	3,943	5,051	5,141
Reinsurance Recoverable	172	163	183	912	957	1,000
Other Receivables	6,213	6,134	6,411	6,658	6,010	5,211
Deferred Policy Acquisition Cost	9,216	8,758	9,132	9,239	9,525	10,441
Property, Plant & Equipment	367	387	445	530	538	601
Goodwill	-	263	265	265	268	269
Other Current Assets	91	240	326	610	936	583
Other Long-Term Assets	1,374	1,179	1,223	1,386	931	863
Total Assets	122,306	117,566	126,724	131,738	157,542	165,086
Insurance & Annuity Liabilities	72,780	75,695	89,712	94,192	96,801	105,607
Unpaid Claims	460	381	261	201	4,836	5,187
Unearned Premiums	1,349	1,286	1,451	1,825	2,576	3,597
Current Portion of Long-Term Debt	630	408	630	583	54	-
Current Portion of Leases	-	40	-	-	-	154
Short-Term Debt	5,429	2,037	1,503	1,809	2,162	964
Current Income Taxes Payable	1,477	573	154	698	4,339	4,661
Long-Term Debt	8,199	7,323	7,029	7,295	7,839	7,745
Long-Term Leases	87	56	124	147	117	-
Other Current Liabilities	703	604	1,011	1,115	1,565	697
Other Long-Term Liabilities	2,356	2,919	2,689	3,041	3,141	2,436
Total Liabilities	93,618	91,468	104,739	111,598	124,289	131,527
Common Stock	136	136	136	135	135	135
Additional Paid-In Capital	2,977	2,894	2,771	2,641	2,529	2,410
Retained Earnings	53,923	52,277	47,993	44,367	41,381	37,984
Treasury Stock	-29,001	-26,231	-23,395	-20,574	-18,185	-15,904
Comprehensive Income & Other	653	-2,978	-5,520	-6,429	7,393	8,934
Shareholders' Equity	28,688	26,098	21,985	20,140	33,253	33,559
Total Liabilities & Equity	122,306	117,566	126,724	131,738	157,542	165,086
Filing Date Shares Outstanding	524.11	546.59	577.01	612.21	649.86	688.59
Total Common Shares Outstanding	525.71	549.96	578.48	615.26	652.13	692.45
Total Debt	14,345	9,864	9,286	9,834	10,172	8,863
Net Cash (Debt)	-7,577	-3,635	-4,980	-5,891	-5,121	-3,722
Net Cash Per Share	-13.95	-6.43	-8.32	-9.24	-7.57	-5.20
Book Value Per Share	54.57	47.45	38.00	32.73	50.99	48.46
Tangible Book Value	28,688	25,835	21,720	19,875	32,985	33,290
Tangible Book Value Per Share	54.57	46.98	37.55	32.30	50.58	48.08
Land	-	168	168	168	168	168
Buildings	-	392	421	437	491	523
Machinery	-	478	510	587	542	566

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.