Non-Current Assets
Deferred policy acquisition costs
Aflac Deferred policy acquisition costs decreased by 0.6% to $8.98B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.2%, from $9.08B to $8.98B. Over 5 years (FY 2020 to FY 2025), Deferred policy acquisition costs shows a downward trend with a -2.9% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026
How to read this metric
An increase suggests strong new business production, while a decrease may indicate a slowdown in new policy acquisition.
Detailed definition
These are the incremental costs directly related to acquiring new insurance contracts, such as commissions and underwrit...
Peer comparison
Standard across the insurance industry, though amortization periods vary by product type.
Metric ID:
ins_deferred_policy_acquisition_costsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $9.81B | $9.71B | $9.53B | $9.08B | $8.46B | $8.16B | $8.59B | $9.27B | $8.86B | $8.77B | $9.13B | $8.82B | $8.55B | $9.23B | $8.76B | $9.08B | $9.30B | $9.22B | $9.03B | $8.98B |
| QoQ Change | — | -1.0% | -1.9% | -4.7% | -6.9% | -3.6% | +5.4% | +7.8% | -4.4% | -1.0% | +4.1% | -3.4% | -3.1% | +8.0% | -5.1% | +3.7% | +2.3% | -0.9% | -2.0% | -0.6% |
| YoY Change | — | — | — | — | -13.8% | -16.0% | -9.8% | +2.0% | +4.8% | +7.6% | +6.3% | -4.8% | -3.5% | +5.3% | -4.1% | +3.0% | +8.7% | -0.2% | +3.2% | -1.2% |
Range$8.16B – $9.81B
CAGR-1.9%
Avg YoY Growth-0.8%
Median YoY Growth+0.9%
Current Streak3 quarters decline
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Life insurance | $621.00M | $692.00M | $660.00M | $701.00M | $729.00M | $728.00M | $723.00M | $738.00M |
| Other | $52.00M | $57.00M | $52.00M | $54.00M | $56.00M | $54.00M | $51.00M | $50.00M |
| Total | $8.55B | $9.23B | $8.76B | $9.08B | $9.30B | $9.22B | $9.03B | $8.98B |
Business Segments
| Segment | Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 |
|---|---|---|---|---|---|
| Aflac Japan | $6.23B | $5.36B | $5.56B | $5.10B | $5.30B |
| Aflac U.S. | $3.29B | $3.24B | $3.57B | $3.66B | $3.73B |
| Total | $9.53B | $8.59B | $9.13B | $8.76B | $9.03B |
Deferred policy acquisition costs at Other Companies
Frequently Asked Questions
- What is Aflac's deferred policy acquisition costs?
- Aflac (AFL) reported deferred policy acquisition costs of $8.98B in Q1 2026.
- How has Aflac's deferred policy acquisition costs changed year-over-year?
- Aflac's deferred policy acquisition costs decreased by 1.2% year-over-year, from $9.08B to $8.98B.
- What is the long-term trend for Aflac's deferred policy acquisition costs?
- Over 5 years (2020 to 2025), Aflac's deferred policy acquisition costs has grown at a -2.9% compound annual growth rate (CAGR), from $10.44B to $9.03B.
- What does deferred policy acquisition costs mean?
- Upfront costs of selling insurance policies that are spread out over the life of the policy rather than expensed immediately.