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Aflac AFL Aflac U.S. — Future policy benefits & unpaid policy claims

Other segment segments

Aflac Japan
$52.6B-13.6%
Corporate and other
$4.1B-14.9%

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KKRInsurance — Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense
$154.57B+7.8%
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UNMUnum US — Future Policy Benefits
$8.34B-3.1%
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PFGSegment Benefits And Protection — Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
$14.92B+6.2%
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$13.51B+2.6%
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EQHUL — Future policy benefits and other policyholders’ liabilities
$1.35B+6.6%
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HIGEmployee Benefits — Liability for Future Policy Benefit, before Reinsurance
$291M+0.3%

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:SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves.

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. — future policy benefits & unpaid policy claims?
Aflac (AFL) reported aflac U.S. — future policy benefits & unpaid policy claims of $11.28B in Q4 2025.
How has Aflac's aflac U.S. — future policy benefits & unpaid policy claims changed year-over-year?
Aflac's aflac U.S. — future policy benefits & unpaid policy claims increased by 2.9% year-over-year, from $10.96B to $11.28B.
What does aflac U.S. — future policy benefits & unpaid policy claims mean?
This represents the estimated liability for future insurance benefits and unpaid claims that the U.S. segment is obligated to pay to policyholders. It is a critical reserve metric that ensures the company can meet its long-term contractual commitments. Changes in this balance reflect actuarial assumptions and the growth of the insurance book.