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Aflac AFL Aflac Japan — Insurance commissions

Other segment segments

Aflac U.S.
$145M+4.3%

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Other financials

Income statement

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Revenue$4.1B-1.0%
Net income$825.0M+37.7%
EPS (diluted)$1.63+46.8%

Balance sheet

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Cash & equivalents$6.1B-12.1%
Total debt$8.8B-2.4%
Total equity$30.3B+11.4%
Total assets$115.96B-7.0%

Cash flow

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Operating cash flow$112.0M-71.9%

Valuation

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Market cap$61.13B+9.7%
Enterprise value$63.83B+10.5%
P/E12.6×-10.3×
P/S3.4×-0.1×

Profitability

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Net margin26.9%+11.6pp

Returns & leverage

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Return on equity16.9%+7.8pp
Debt / equity0.3×0.0×

Where this comes from

Reported directly by Aflac in its filing.

Tagged under the XBRL concept us-gaap:InsuranceCommissions.

The source filing: Aflac’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 9:18 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054618
(In millions)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total benefits and claims, net9831,1721,9732,277
Adjusted expenses:
Amortization of deferred policy acquisition costs7685154164
Insurance commissions94112189217
Insurance and other expenses267313517574
Total benefits and adjusted expenses Aflac Japan1,4201,6822,8333,232
Aflac U.S.:
Benefits and claims, excluding reserve remeasurement7827361,5521,467

Item 1. Financial Statements (Unaudited)

FAQ

What is Aflac's aflac japan — insurance commissions?
Aflac (AFL) reported aflac japan — insurance commissions of $94M in Q2 2026.
How has Aflac's aflac japan — insurance commissions changed year-over-year?
Aflac's aflac japan — insurance commissions decreased by 16.1% year-over-year, from $112M to $94M.
What is the long-term trend for Aflac's aflac japan — insurance commissions?
Over 3 years (2022 to 2025), Aflac's aflac japan — insurance commissions has grown at a -8.8% compound annual growth rate (CAGR), from $563M to $427M.
What does aflac japan — insurance commissions mean?
This represents the total costs incurred by the Japan segment for commissions paid to independent distributors and agents for the sale of insurance policies. It reflects the company's investment in its distribution network and sales force productivity within the Japanese market. Monitoring this helps assess the cost of customer acquisition and the efficiency of the sales channel.

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