What is Aflac's critical care — capitalization?

Aflac (AFL) reported critical care — capitalization of $38M in Q2 2026.

How has Aflac's critical care — capitalization changed year-over-year?

Aflac's critical care — capitalization decreased by 5.0% year-over-year, from $40M to $38M.

What is the long-term trend for Aflac's critical care — capitalization?

Over 3 years (2022 to 2025), Aflac's critical care — capitalization has grown at a 0.4% compound annual growth rate (CAGR), from $160M to $162M.

What does critical care — capitalization mean?

Refers to the amount of acquisition-related costs deferred and added to the balance sheet during the reporting period. This reflects the initial investment made to secure new insurance contracts.

Aflac (AFL) Critical care — Capitalization

Screener

Other product segments

Life insurance

$42M+27.3%

Accident

$32M0.0%

Disability

$28M-6.7%

Medical and other health

$23M+21.1%

Hospital indemnity

$19M-9.5%

Dental/vision

$3M0.0%

Other

$1M0.0%

Similar metrics at other companies

EQHGMxB Core — Capitalization

$1M0.0%

PRUAnnuities — Capitalization

$1M0.0%

EQHCB — Capitalization

$0—

EQHEG — Capitalization

$15M-6.3%

EQHEI — Capitalization

$2M0.0%

EQHIE — Capitalization

$23M+15.0%

Other financials

Income statement

See full

Revenue$4.1B-1.0%

Net income$825.0M+37.7%

EPS (diluted)$1.63+46.8%

Balance sheet

See full

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

See full

Operating cash flow$112.0M-71.9%

Valuation

See full

Market cap$63.91B+16.8%

Enterprise value$66.6B+17.3%

P/E13.1×-9.3×

P/S3.5×+0.1×

Profitability

See full

Net margin26.9%+11.6pp

Returns & leverage

See full

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:DeferredPolicyAcquisitionCostsAdditions.

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)	Aflac Japan / Cancer	Aflac Japan / Medicaland Other Health	Aflac Japan / Life Insurance	Aflac Japan / Other	Aflac U.S. / Accident	Aflac U.S. / Disability	Aflac U.S. / Critical Care	Aflac U.S. / Hospital Indemnity	Aflac U.S. / Dental/Vision	Aflac U.S. / Life Insurance	Aflac U.S. / Other	Total
Deferred policy acquisition costs:
Balance at December 31, 2025	$2,965	$1,840	$446	$51	$909	$641	$1,355	$463	$87	$277	$0	$9,034
Capitalization	168	49	23	1	64	58	75	40	6	62	0	546
Amortization expense	(91)	(45)	(16)	(2)	(73)	(61)	(81)	(40)	(6)	(24)	0	(439)
Foreign currency translation and other	(109)	(67)	(16)	(1)	0	0	0	0	0	0	0	(193)
Balance at June 30, 2026	$2,933	$1,777	$437	$49	$900	$638	$1,349	$463	$87	$315	$0	$8,948

Item 1. Financial Statements (Unaudited)

FAQ

What is Aflac's critical care — capitalization?: Aflac (AFL) reported critical care — capitalization of $38M in Q2 2026.
How has Aflac's critical care — capitalization changed year-over-year?: Aflac's critical care — capitalization decreased by 5.0% year-over-year, from $40M to $38M.
What is the long-term trend for Aflac's critical care — capitalization?: Over 3 years (2022 to 2025), Aflac's critical care — capitalization has grown at a 0.4% compound annual growth rate (CAGR), from $160M to $162M.
What does critical care — capitalization mean?: Refers to the amount of acquisition-related costs deferred and added to the balance sheet during the reporting period. This reflects the initial investment made to secure new insurance contracts.