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Aflac Incorporated (AFL)
NYSE: AFL · Real-Time Price · USD
124.59
+0.70 (0.57%)
At close: Nov 2, 2026, 4:00 PM EST
125.99
+1.40 (1.13%)
Pre-market: Nov 3, 2026, 4:07 AM EST

Aflac Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
4,8623,6465,4434,6594,4184,231
Depreciation & Amortization
373640394545
Other Amortization
876874851816792835
Gain (Loss) on Sale of Investments
-708572-1,271-590-363-468
Change in Accounts Receivable
-50-6651-133572
Change in Income Taxes
-139-278-393-967-50996
Change in Insurance Reserves / Liabilities
-189-815-302-552726774
Other Operating Activities
-2,042-1,414-1,712-82-1,235-534
Operating Cash Flow
2,6472,5552,7073,1903,8795,051
Operating Cash Flow Growth
2.16%-5.62%-15.14%-17.76%-23.20%-15.22%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Investment in Securities
-1,564-9651,065643789-2,946
Other Investing Activities
2,2541,843657-471-6221,751
Investing Cash Flow
1,4221,5612,781817-1,540-2,378

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-1,0398232041,2771,153
Total Debt Repaid
-484-84-194--1,416-700
Net Debt Issued (Repaid)
427955629204-139453
Issuance of Common Stock
13814171726
Repurchases of Common Stock
-3,785-3,530-2,800-2,801-2,401-2,301
Common Dividends Paid
-1,194-1,198-1,087-966-979-855
Other Financing Activities
-30-38-28-1734-26
Financing Cash Flow
-4,850-4,069-3,486-3,723-3,551-2,739

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-64-31-7979104-24
Net Cash Flow
-845161,923363-1,108-90

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Levered Free Cash Flow
5,1525,1754,8534,311-4,9532,644
Unlevered Free Cash Flow
5,3045,3134,9764,433-4,8122,793

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
219197180185211213
Cash Income Tax Paid
1,0641,1651,3671,569961880
Change in Working Capital
-378-1,159-644-1,652222942
SEC Filings: 10-K · 10-Q