Aflac Inc. (AFL)

NYSE: AFL · Accident & Health Insurance · Columbus, GA · filing with the SEC since 1994

Grade6.3

◀ Past 7.1● Present 6.9▶ Future 4.2

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Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 25, 2026	Feb 26, 2025	Feb 22, 2024	Feb 24, 2023	Feb 23, 2022	Feb 23, 2021	Feb 21, 2020	Feb 25, 2019	Feb 23, 2018	Feb 24, 2017
Revenue	17,164	18,927	18,701	19,140^r	21,554^r	22,147	22,307	21,758	21,667	22,559
For lenders
Interest expense on deposits and borrowings	220	197	195	226	·	·	·	·	·	·
Provision for credit losses	191	256	139	36	·	·	·	·	·	·
For insurers
Premiums earned	13,548	13,440	14,123	14,901^r	17,095^r	18,622	18,780	18,677	18,531	19,225
Net investment income	4,076	4,116	3,811	3,656	3,818	3,638	3,578	3,442	3,220	3,278
Benefits, claims and losses	7,293	7,450	8,211	8,887^r	10,476^r	11,796	11,942	12,000	12,181	12,919
Total benefits, losses and expenses	12,631	12,510	13,439	14,271^r	16,346^r	17,988	17,862	17,775	17,649	18,492
Selling, general and administrative	3,253	3,014	3,165	3,249^r	3,541^r	3,420	3,089	2,988	2,780	2,796^r
Total operating expenses	5,338	5,060	5,228	5,384^r	5,870^r	6,192	5,920	·	·	·
Operating income	·	·	·	4,157	4,934	4,416	4,461	4,354	4,087	4,117^r
Interest expense	217	194	190	217^r	225^r	167	135	122	122	268
Other income (expense), net	·	·	39	0	-73^r	-28	-1	-74	-69	-137^r
Income before income taxes	4,533	6,417	5,262	4,869	5,208	4,159	4,445	3,983	4,018	4,067
Income tax expense	887	974	603	451^r	977^r	-619	1,141	1,063	-586	1,408
Net income	3,646	5,443	4,659	4,418^r	4,231^r	4,778	3,304	2,920	4,604	2,659
Earnings per share, basic	6.84	9.68	7.81	6.96^r	6.28^r	6.69	4.45	3.79	5.81^r	3.23^r
Earnings per share, diluted	6.82	9.63	7.78	6.93^r	6.25^r	6.67	4.43	3.77	5.77^r	3.21^r
Weighted average shares, basic	532,885	562,492	596,173	634,816	673,617	713,702	742,414	769,588	792,042^r	822,942^r
Weighted average shares, diluted	534,878	565,015	598,745	637,655	676,729	716,192	746,430	774,650	797,861^r	827,841^r

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 2-for-1 split of Feb 2018.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses

Premiums earned insurance premiums earned in the periodus-gaap:PremiumsEarnedNet

Net investment income what its investments earnedus-gaap:NetInvestmentIncome

Benefits, claims and losses what it paid or set aside for claimsus-gaap:PolicyholderBenefitsAndClaimsIncurredNet

Total benefits, losses and expenses claims and every other cost togetherus-gaap:BenefitsLossesAndExpenses

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseDebt
us-gaap:InterestExpense

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton AFL · research, not advice