Income StatementBalance SheetCash FlowSegments
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Aflac Income Statement

Revenue, expenses, and profitability over time

Aflac generated $18.1B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $4.6B with a 25.6% net margin. Diluted EPS is $8.75, which grew 0.4% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$18.1BNet Income (TTM)$4.6BEps Diluted (TTM)$8.75
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$57.6B
P/E Ratio12.42
ROE16.47%

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Current income tax expense (benefit)$332.5M$278.8M$278.8M$278.8M$278.8M—
Income tax expense$234.0M$116.0M$223.0M$355.0M$193.0M$206.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends Per Share, Cash Paid$0.50$0.58$0.58$0.58$0.58$0.61
Basic earnings per share$3.47$0.05$1.12$3.09$2.58$1.99
Diluted earnings per share$3.45$0.05$1.11$3.08$2.58$1.98
Weighted-average shares, basic—544.7M536.7M530.1M—513.1M
Weighted-average shares, diluted—546.9M538.4M532M—514.8M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$2.1B$145.0M$822.0M$2.0B$1.6B$1.2B

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gains (losses) on equity investments$1.0B-$963.0M-$421.0M$275.0M—$49.0M
Interest expense$50.0M$50.0M$52.0M$57.0M$61.0M$60.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$1.9B$29.0M$599.0M$1.6B$1.4B$1.0B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net premiums earned$3.3B$3.4B$3.5B$3.4B$3.3B$3.3B
Total revenue$5.4B$3.4B$4.2B$4.7B$4.9B$4.3B
Net investment income$1.0B$955.0M$1.1B$1.1B$973.0M$956.0M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Selling, general and administrative$834.0M$802.0M$804.0M$781.0M$866.0M$771.0M
Total operating expenses$1.3B$1.3B$1.3B$1.3B$1.4B$1.3B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Medical costs$1.9B$1.9B$2.0B$1.4B$1.9B$1.8B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Benefits, Losses and Expenses$3.3B$3.3B$3.3B$2.7B$3.3B$3.1B
Deferred taxes-$89.0M-$57.0M-$57.0M-$57.0M-$57.0M—
Deferred Policy Acquisition Costs, Amortization Expense$214.0M$216.0M$221.0M$218.0M$219.0M$221.0M
Insurance commissions$246.0M$240.0M$251.0M$254.0M$246.0M$237.0M
Liability for Future Policy Benefit, Remeasurement Gain (Loss)$43.0M$41.0M$37.0M$580.0M$36.0M$82.0M
Membership and other income$26.0M$25.0M$30.0M$26.0M$31.0M$31.0M
Benefits and claims, excluding reserve remeasurement$2.0B$2.0B$2.0B$2.0B$1.9B$1.9B