Aflac Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Premiums Earned	13,477	13,548	13,440	14,123	14,901	17,095
Investment Income	4,077	4,076	4,116	3,811	3,656	3,818
Net Gains on Investments	440	-572	1,271	590	363	468
Total Other Revenues	118	112	100	177	220	173
Revenue	18,112	17,164	18,927	18,701	19,140	21,554
Revenue Growth (YoY)	7.25%	-9.31%	1.21%	-2.29%	-11.20%	-2.68%
Insurance Benefits & Claims	7,842	-694	-558	-383	8,887	10,476
Policy Amortization Costs	879	874	851	816	792	835
Other Operating Expenses	3,344	4,244	4,012	4,217	4,366	4,797
Operating Income	7,949	12,740	14,622	14,051	5,095	5,446
Interest Expense	-230	-220	-197	-195	-226	-238
Total Non-Operating Income (Expense)	-230	-220	-197	-195	-226	-238
Pretax Income	7,719	4,533	6,417	5,262	4,869	5,208
Provision for Income Taxes	977	887	974	603	451	977
Net Income	4,636	3,646	5,443	4,659	4,418	4,231
Net Income to Common	4,636	3,646	5,443	4,659	4,418	4,231
Net Income Growth	29.03%	-33.02%	16.83%	5.46%	4.42%	-11.45%
Shares Outstanding (Basic)	525	533	562	596	635	674
Shares Outstanding (Diluted)	527	535	565	599	638	677
Shares Change (YoY)	-5.47%	-5.33%	-5.63%	-6.10%	-5.77%	-5.51%
EPS (Basic)	8.85	6.84	9.68	7.81	6.96	6.28
EPS (Diluted)	8.81	6.82	9.63	7.78	6.93	6.25
EPS Growth	37.66%	-29.18%	23.78%	12.27%	10.88%	-6.30%
Shares Outstanding	510.53	518.69	549.96	578.48	615.26	652.13
Free Cash Flow	2,934	2,555	2,707	3,190	3,879	5,051
Free Cash Flow Growth	14.83%	-5.62%	-15.14%	-17.76%	-23.20%	-15.22%
Free Cash Flow Per Share	5.57	4.78	4.79	5.33	6.08	7.46
Dividends Per Share	2.350	2.320	2.000	1.680	1.600	1.320
Dividend Growth	1.29%	16.00%	19.05%	5.00%	21.21%	17.86%
Operating Margin	28.61%	74.23%	77.25%	75.13%	26.62%	25.27%
Profit Margin	25.60%	21.24%	28.76%	24.91%	23.08%	19.63%
FCF Margin	16.20%	14.89%	14.30%	17.06%	20.27%	23.43%
EBITDA	5,181	12,740	14,622	14,051	5,095	5,446
EBIT	7,949	12,740	14,622	14,051	5,095	5,446
EBIT Margin	28.61%	74.23%	77.25%	75.13%	26.62%	25.27%
Effective Tax Rate	40.81%	19.57%	15.18%	11.46%	9.26%	18.76%

Updated May 6, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q