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Aflac AFL Aflac U.S. — Deferred policy acquisition costs

Other segment segments

Aflac Japan
$5.3B+3.9%
Corporate and other
$0

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Other financials

Income statement

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Revenue$4.3B+27.9%
Net income$1.0B+3,414%
EPS (diluted)$1.98+3,860%

Balance sheet

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Cash & equivalents$5.7B+8.1%
Total debt$8.0B+1.8%
Total equity$30.0B+13.8%
Total assets$116.28B-3.3%

Cash flow

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Operating cash flow$968.0M+64.3%

Valuation

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Market cap$60.18B+7.8%
Enterprise value$62.52B+6.9%
P/E13×-2.6×
P/S3.3×0.0×

Profitability

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Net margin25.6%+4.3pp

Returns & leverage

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Return on equity16.5%+2.1pp
Debt / equity0.3×0.0×

Where this comes from

Reported directly by Aflac in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The official record: Aflac’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Aflac's aflac U.S. — deferred policy acquisition costs?
Aflac (AFL) reported aflac U.S. — deferred policy acquisition costs of $3.73B in Q4 2025.
How has Aflac's aflac U.S. — deferred policy acquisition costs changed year-over-year?
Aflac's aflac U.S. — deferred policy acquisition costs increased by 2.1% year-over-year, from $3.66B to $3.73B.
What does aflac U.S. — deferred policy acquisition costs mean?
These are the capitalized costs associated with acquiring new insurance policies, such as commissions and underwriting expenses, which are amortized over the life of the policy. This metric reflects the investment made to generate future premium revenue. It is a key indicator of long-term growth strategy and sales efficiency.