Net premiums earned
Aflac Net premiums earned decreased by 0.5% to $3.31B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 2.1%, from $3.38B to $3.31B. Over 4 years (FY 2021 to FY 2025), Net premiums earned shows a downward trend with a -6.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates growth in the member base or higher premium pricing, while a decrease may signal market share loss or competitive pricing pressure.
Detailed definition
Represents the total revenue generated from insurance premiums after accounting for reinsurance cessions. This is the pr...
Peer comparison
Standard across all health insurance peers; comparable to gross written premiums adjusted for reinsurance.
is_net_premiums_earnedHistorical Data
| 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 | $4.44B | $4.37B | $4.24B | $4.18B | $3.85B | $3.65B | $3.52B | $3.69B | $3.57B | $3.48B | $3.39B | $3.46B | $3.33B | $3.33B | $3.33B | $3.38B | $3.47B | $3.37B | $3.33B | $3.31B |
| QoQ Change | — | -1.6% | -3.0% | -1.5% | -7.9% | -5.1% | -3.5% | +4.7% | -3.1% | -2.7% | -2.6% | +2.1% | -3.8% | +0.1% | +0.1% | +1.5% | +2.6% | -2.8% | -1.4% | -0.5% |
| YoY Change | — | — | — | — | -13.3% | -16.5% | -16.9% | -11.7% | -7.2% | -4.8% | -3.9% | -6.3% | -6.9% | -4.3% | -1.6% | -2.2% | +4.4% | +1.3% | -0.2% | -2.1% |
Product Breakdown
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Life Insurance | $438.50M | $438.50M | $438.50M | $438.50M | $468.75M | $468.75M | $468.75M | $468.75M |
| Total | $3.46B | $3.33B | $3.33B | $3.33B | $3.38B | $3.47B | $3.37B | $3.33B |
Accident And Health Insurance is derived from annual filings.
Life Insurance, Other were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Aflac Japan | $1.72B | $1.71B | $1.69B | $1.68B | $1.76B | $1.66B | $1.64B | $1.57B |
| Aflac U.S. | $1.46B | $1.46B | $1.44B | $1.50B | $1.50B | $1.50B | $1.50B | $1.56B |
| Total | $3.33B | $3.33B | $3.33B | $3.38B | $3.47B | $3.37B | $3.33B | $3.31B |
Net premiums earned at Other Companies
Frequently Asked Questions
- What is Aflac's net premiums earned?
- Aflac (AFL) reported net premiums earned of $3.31B in Q1 2026.
- How has Aflac's net premiums earned changed year-over-year?
- Aflac's net premiums earned decreased by 2.1% year-over-year, from $3.38B to $3.31B.
- What is the long-term trend for Aflac's net premiums earned?
- Over 4 years (2021 to 2025), Aflac's net premiums earned has grown at a -6.4% compound annual growth rate (CAGR), from $17.65B to $13.55B.
- What does net premiums earned mean?
- The total money collected from insurance premiums after paying for reinsurance.