Income StatementBalance SheetCash FlowSegments
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Aflac Cash Flow Statement

Operating, investing, and financing cash movements

Aflac generated $2.9B in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.9BNet Cash From Investing (TTM)$2.2BNet Cash From Financing (TTM)-$4.6BNet Change In Cash (TTM)$1.2B
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$57.6B
P/E Ratio12.42
ROE16.47%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Transfer to Other Real Estate$88.0M$71.0M$176.0M$0.0$0.0$0.0
Effect of exchange rate changes on cash-$149.0M$33.0M-$36.0M-$15.0M-$13.0M-$41.0M
Net increase (decrease) in cash$617.0M-$998.0M$1.7B-$197.0M—-$591.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in income taxes payable/receivable-$329.0M$117.0M-$384.0M$359.0M-$370.0M$224.0M
Change in receivables-$23.0M$37.0M$11.0M-$20.0M$38.0M$30.0M
Other Non-Cash Expense—$10.0M$0.0$15.0M$0.0$10.0M
Net cash from operating activities$333.0M$589.0M$399.0M$1.3B$315.0M$968.0M
Net income$1.9B$29.0M$599.0M$1.6B$1.4B$1.0B
Capitalization of Deferred Policy Acquisition Costs$264.0M$276.3M$276.3M$276.3M$276.3M—
Capitalization of Deferred Policy Acquisition Costs—$246.0M$257.0M$293.0M—$272.0M
Amortization of deferred acquisition costs$214.0M$216.0M$221.0M$218.0M$219.0M$221.0M
Gain (Loss) on Investments$1.0B-$963.0M-$421.0M$275.0M—$49.0M
Other Noncash Income (Expense)$112.0M$317.0M$131.0M-$121.0M—$664.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends paid$267.0M$306.0M$301.0M$299.0M$292.0M$304.0M
Net cash from financing activities-$1.1B-$1.3B-$162.0M-$1.5B-$1.2B-$1.8B
Proceeds from issuance of common stock—$4.0M-$2.0M$3.0M$3.0M$4.0M
Repurchases of common stock$750.0M$900.0M$829.0M$1.0B$801.0M$1.0B
Change in investment-type contracts, net-$52.0M-$58.0M-$65.0M-$75.0M-$68.0M-$70.0M
Proceeds from new debt$0.0$0.0$1.0B$0.0$0.0—
Other, net-$8.0M-$1.0M-$4.0M-$7.0M-$26.0M$8.0M
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security$48.5M$0.0$0.0$84.0M$0.0$400.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-cash Capital Expenditures$8.0M$10.0M$9.0M$6.0M$5.0M$20.0M
Interest paid$53.0M$40.0M$52.0M$41.0M$64.0M$51.0M
Income Taxes Paid, Net$562.0M-$1.0M$606.0M-$3.0M$563.0M-$18.0M
Health care costs payable and other insurance liabilities-$43.0M-$136.0M-$59.0M-$537.0M-$83.0M$519.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Hedge Investing Activities, Net$92.0M-$18.0M-$8.0M$13.0M$33.0M-$16.0M
Net cash from investing activities$1.5B-$359.0M$1.5B$28.0M$359.0M$244.0M
Purchases of investments$953.0M$6.6B$2.8B$1.3B$982.0M$2.8B
Paydowns and maturities of HTM securities$750.0K$0.0$2.0M$0.0$1.0M$33.0M
Increase (Decrease) In Collateral Held For Securities Lending And Derivatives—-$984.0M-$2.5B$148.0M—-$2.6B
Payment for (Proceeds from) Other Investing Activity—$78.0M-$42.0M$188.0M$71.0M-$176.0M
Payments to Acquire Equity Securities, FV-NI$78.0M$101.0M$148.0M$120.0M$141.0M$245.0M
Payments to Acquire Loans Receivable$439.0M$392.0M$407.0M$269.0M$416.0M$495.0M
Payments to Acquire Other Investments—$697.0M$315.0M$97.0M—$1.3B
Commercial mortgage and other loans$953.0M$500.0M$575.0M$346.0M$746.0M$454.0M
Proceeds From Sale And Maturity Of Available For Sale Securities$2.4B$5.9B$1.9B$1.8B$1.5B$1.6B
Proceeds from disposal of certain strategic investments$80.0M$96.0M$144.0M$115.0M$136.0M$251.0M