Aflac Incorporated

AFL Financial Insurance Life

Aflac Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $17.2 billion, down 9.31% from fiscal 2024. In the quarter to June 2026, revenue fell 1.03%, EPS grew 46.4%, free cash flow fell 71.9% and total debt fell 2.28%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.

118.05 0.16 −0.14%
Market cap
$58.4B
P/E
12.6×
Fwd P/E
16.3×
Dividend yield
2.04%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.

Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
Cash and Short Term Investments
4,859.00 3,491.00 4,337.00 4,896.00 5,141.00 5,051.00 3,943.00 4,306.00 6,229.00 6,245.00
Receivables
669.00 827.00 851.00 828.00 796.00 672.00 647.00 848.00 779.00 835.00
Total current assets
5,528.00 4,318.00 5,188.00 5,724.00 5,937.00 5,723.00 4,590.00 5,154.00 7,008.00 7,080.00
Property, Plant, Equpment (Net)
433.00 434.00 443.00 581.00 601.00 538.00 530.00 445.00 387.00 351.00
Long-Term Investments
112,256.00 120,937.00 122,679.00 133,967.00 145,392.00 138,664.00 114,199.00 109,985.00 99,568.00 98,233.00
Long Term Assets (Tax, Deferred)
8,993.00 9,505.00 9,875.00 10,128.00 10,441.00 9,525.00 9,239.00 9,132.00 8,758.00 9,034.00
Long-term assets (Other)
2,609.00 2,023.00 2,221.00 2,368.00 2,715.00 3,092.00 3,180.00 2,008.00 1,845.00 1,772.00
Total non-current assets
124,291.00 132,899.00 135,218.00 147,044.00 159,149.00 151,819.00 127,148.00 121,570.00 110,558.00 109,390.00
Total Assets
129,819.00 137,217.00 140,406.00 152,768.00 165,086.00 157,542.00 131,738.00 126,724.00 117,566.00 116,470.00
Accounts Payable
93,726.00 99,147.00 103,188.00 106,554.00 114,391.00 105,072.00 96,910.00 91,599.00 77,508.00 69,583.00
Total current liabilities
93,726.00 99,147.00 103,188.00 106,554.00 114,391.00 105,072.00 96,910.00 91,599.00 77,508.00 69,583.00
Long Term Debt (Total)
5,360.00 5,289.00 5,778.00 6,569.00 7,899.00 7,956.00 7,442.00 7,364.00 7,498.00 8,409.00
Long Term Tax Liability (Deferred)
5,387.00 4,745.00 4,020.00 5,370.00 4,661.00 4,339.00 698.00 154.00 573.00 1,368.00
Non-current Liabilities (Other)
4,864.00 3,438.00 3,958.00 5,316.00 4,576.00 6,922.00 6,548.00 5,622.00 5,889.00 7,620.00
Total non-current liabilities
15,611.00 13,472.00 13,756.00 17,255.00 17,136.00 19,217.00 14,688.00 13,140.00 13,960.00 17,397.00
Total liabilities
109,337.00 112,619.00 116,944.00 123,809.00 131,527.00 124,289.00 111,598.00 104,739.00 91,468.00 86,980.00
Additional Paid In Capital
1,976.00 2,052.00 2,177.00 2,313.00 2,410.00 2,529.00 2,641.00 2,771.00 2,894.00 3,024.00
Common Stock (Net)
67.00 135.00 135.00 135.00 135.00 135.00 135.00 136.00 136.00 136.00
Retained Earnings
25,981.00 29,895.00 31,788.00 34,291.00 37,984.00 41,381.00 44,367.00 47,993.00 52,277.00 54,682.00
Treasury Stock
10,172.00 11,512.00 12,789.00 14,395.00 15,904.00 18,185.00 20,574.00 23,395.00 26,231.00 29,804.00
Common Equity (Total)
20,482.00 24,598.00 23,462.00 28,959.00 33,559.00 33,253.00 20,140.00 21,985.00 26,098.00 29,490.00
Shareholders Equity (Total)
20,482.00 24,598.00 23,462.00 28,959.00 33,559.00 33,253.00 20,140.00 21,985.00 26,098.00 29,490.00
Shareholders Equity and Liabilities (Total)
129,819.00 137,217.00 140,406.00 152,768.00 165,086.00 157,542.00 131,738.00 126,724.00 117,566.00 116,470.00
Shares (Common)
811.62 780.91 755.29 726.79 692.45 652.13 615.26 578.48 549.96 518.69
Shareholders Equity (Tangible)
20,482.00 24,598.00 23,462.00 28,959.00 33,559.00 33,253.00 20,140.00 21,985.00 26,098.00 29,490.00
Net Debt
501.00 1,798.00 1,441.00 1,673.00 2,758.00 2,905.00 3,499.00 3,058.00 1,269.00 2,164.00
Total Debt
5,360.00 5,289.00 5,778.00 6,569.00 7,899.00 7,956.00 7,442.00 7,364.00 7,498.00 8,409.00

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In millions of $ except per-share values · columns are period end dates