Aflac Incorporated (AFL)

Aflac Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	13,510	13,440	14,123	14,901	17,095	18,622
Total Interest & Dividend Income	4,057	4,116	3,811	3,656	3,818	3,638
Gain (Loss) on Sale of Investments	-1,760	1,271	590	363	468	-270
Other Revenue	103	100	177	220	173	157
Total Revenue	15,910	18,927	18,701	19,140	21,554	22,147
Revenue Growth (YoY)	-17.58%	1.21%	-2.29%	-11.20%	-2.68%	-0.72%
Policy Benefits	7,473	7,450	8,211	8,887	10,476	11,796
Policy Acquisition & Underwriting Costs	1,852	1,849	1,868	1,909	2,091	2,530
Selling, General & Administrative	3,189	3,014	3,165	3,249	3,541	3,420
Total Operating Expenses	12,514	12,313	13,244	14,045	16,108	17,746
Operating Income	3,396	6,614	5,457	5,095	5,446	4,401
Interest Expense	-202	-197	-195	-226	-238	-242
Pretax Income	3,194	6,417	5,262	4,869	5,208	4,159
Income Tax Expense	757	974	603	451	977	-619
Net Income	2,437	5,443	4,659	4,418	4,231	4,778
Net Income to Common	2,437	5,443	4,659	4,418	4,231	4,778
Net Income Growth	-55.46%	16.83%	5.46%	4.42%	-11.45%	44.61%
Shares Outstanding (Basic)	548	562	596	635	674	714
Shares Outstanding (Diluted)	550	565	599	638	677	716
Shares Change (YoY)	-5.23%	-5.63%	-6.10%	-5.77%	-5.51%	-4.05%
EPS (Basic)	4.45	9.68	7.81	6.96	6.28	6.69
EPS (Diluted)	4.43	9.63	7.78	6.93	6.25	6.67
EPS Growth	-52.97%	23.78%	12.27%	10.88%	-6.30%	50.56%
Dividend Per Share	2.160	2.000	1.680	1.600	1.320	1.120
Dividend Growth	17.39%	19.05%	5.00%	21.21%	17.86%	3.70%
Operating Margin	21.34%	34.95%	29.18%	26.62%	25.27%	19.87%
Profit Margin	15.32%	28.76%	24.91%	23.08%	19.63%	21.57%
EBITDA	3,446	6,654	5,496	5,140	5,491	4,442
EBITDA Margin	21.66%	35.16%	29.39%	26.86%	25.48%	20.06%
D&A For EBITDA	50	40	39	45	45	41
EBIT	3,396	6,614	5,457	5,095	5,446	4,401
EBIT Margin	21.34%	34.95%	29.18%	26.62%	25.27%	19.87%
Effective Tax Rate	23.70%	15.18%	11.46%	9.26%	18.76%	-
Revenue as Reported	15,910	18,927	18,701	19,140	21,554	22,147

Updated Aug 5, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q