Aflac Incorporated (AFL)

Aflac Income Statement

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

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

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q