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Friday 6 November 2026 Export AFL’s income statement to Excel — free account

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.

Revenue
−31.0%
EPS
−80.3%
Free cash flow
−4.39%
Total debt
+2.48%

Quarter to September 2026, against a year earlier

125.12 1.12 −0.89%
Market cap
$63.3B
P/E
18.3×
Fwd P/E
17.4×
Dividend yield
1.91%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Aflac Incorporated (AFL) Debt to equity

Alert me on Debt to equity

Aflac Incorporated's debt to equity at the end of the quarter to 30 September 2026 was 0.3×, up 0.0× from fiscal 2025 (0.3×). Over the past ten years it has ranged from 0.2× (fiscal 2017) to 0.4× (fiscal 2022); the current reading is higher than 73% of that period. That is below the Insurance Life industry median of 0.5× and above the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.3× (0.77%)
FY2024 0.3× (14.24%)
FY2023 0.3× (9.34%)
FY2022 0.4× 54.41%
FY2021 0.2× 1.66%
FY2020 0.2× 3.79%
FY2019 0.2× (7.92%)
FY2018 0.2× 14.56%
FY2017 0.2× (17.84%)
FY2016 0.3× (6.77%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.3× 5.52%
Jun 2026 0.3× 9.13%
Mar 2026 0.3× (7.44%)
Dec 2025 0.3× (5.81%)
43 more quarters

Against its own ten years

Low 0.2× High 0.4×
Ten-year median 0.3×
Current reading's percentile 73

Debt to equity against peers

Company Debt to equity
LNC Lincoln National Corporation compare 0.0×
PUK Prudential Public Limited Company compare 0.3×
AFL Aflac Incorporated 0.3×
UNM Unum Group compare 0.3×
GL Globe Life Inc. compare 0.5×
PRI Primerica, Inc. compare 0.6×
JXN Jackson Financial Inc. compare 0.6×
PRU Prudential Financial, Inc. compare 0.7×
MET MetLife, Inc. compare 0.7×
Insurance Life industry median 0.5×
Financial sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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