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	Jun '26 Jun 30, 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
Premiums & Annuity Revenue	13,259	13,548	13,440	14,123	14,901	17,095
Total Interest & Dividend Income	3,980	4,076	4,116	3,811	3,656	3,818
Gain (Loss) on Sale of Investments	708	-572	1,271	590	363	468
Other Revenue	122	112	100	177	220	173
Total Revenue	18,069	17,164	18,927	18,701	19,140	21,554
Revenue Growth	13.57%	-9.31%	1.21%	-2.29%	-11.20%	-2.68%
Policy Benefits	7,022	7,293	7,450	8,211	8,887	10,476
Policy Acquisition & Underwriting Costs	1,852	1,865	1,849	1,868	1,909	2,091
Selling, General & Administrative	3,167	3,253	3,014	3,165	3,249	3,541
Total Operating Expenses	12,041	12,411	12,313	13,244	14,045	16,108
Operating Income	6,028	4,753	6,614	5,457	5,095	5,446
Interest Expense	-242	-220	-197	-195	-226	-238
Pretax Income	5,786	4,533	6,417	5,262	4,869	5,208
Income Tax Expense	924	887	974	603	451	977
Net Income	4,862	3,646	5,443	4,659	4,418	4,231
Net Income to Common	4,862	3,646	5,443	4,659	4,418	4,231
Net Income Growth	99.51%	-33.02%	16.83%	5.46%	4.42%	-11.45%
Shares Outstanding (Basic)	517	533	562	596	635	674
Shares Outstanding (Diluted)	519	535	565	599	638	677
Shares Change	-5.75%	-5.33%	-5.63%	-6.10%	-5.77%	-5.51%
EPS (Basic)	9.41	6.84	9.68	7.81	6.96	6.28
EPS (Diluted)	9.37	6.82	9.63	7.78	6.93	6.25
EPS Growth	111.56%	-29.18%	23.78%	12.27%	10.88%	-6.30%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Dividend Per Share	2.380	2.320	2.000	1.680	1.600	1.320
Dividend Growth	10.18%	16.00%	19.05%	5.00%	21.21%	17.86%
Operating Margin	33.36%	27.69%	34.95%	29.18%	26.62%	25.27%
Profit Margin	26.91%	21.24%	28.76%	24.91%	23.08%	19.63%
EBITDA	6,065	4,789	6,654	5,496	5,140	5,491
EBITDA Margin	33.57%	27.90%	35.16%	29.39%	26.86%	25.48%
D&A For EBITDA	37	36	40	39	45	45
EBIT	6,028	4,753	6,614	5,457	5,095	5,446
EBIT Margin	33.36%	27.69%	34.95%	29.18%	26.62%	25.27%
Effective Tax Rate	15.97%	19.57%	15.18%	11.46%	9.26%	18.76%
Revenue as Reported	18,069	17,164	18,927	18,701	19,140	21,554

SEC Filings: 10-K · 10-Q