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Aflac AFL Critical care — Interest accrual

Other product segments

Life insurance
$156M-6.6%
Medical and other health
$131M-9.0%
Other
$61M+35.6%
Accident
$35M+2.9%
Disability
$25M0.0%
Hospital indemnity
$22M0.0%
Dental/vision
$5M0.0%

Similar metrics at other companies

Prudential Financial logo
PRULong- Term Care — Interest accrual
$163M+6.5%
CNO Financial Group logo
CNOLong-term care — Interest accrual
$57.7M+1.2%
MetLife logo
METLong-term Care — Interest accrual
$283M+2.2%
Ameriprise Financial logo
AMPLong Term Care Insurance — Interest accrual
$78M-1.3%
Globe Life logo
GLOther — Interest accrual
$5.35M-5.0%
Citizens logo
CIAPermanent — Interest accrual
$14.04M0.0%

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$63.91B+16.8%
Enterprise value$66.6B+17.3%
P/E13.1×-9.3×
P/S3.5×+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:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense.

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 / CancerAflac Japan / Medicaland Other HealthAflac Japan / Life InsuranceAflac Japan / OtherAflac U.S. / AccidentAflac U.S. / DisabilityAflac U.S. / Critical CareAflac U.S. / Hospital IndemnityAflac U.S. / Dental/VisionAflac U.S. / Life InsuranceAflac U.S. / Other
Effect of actual variances from expected experience(277)(187)(46)(13)(40)9(46)(12)(4)(39)(48)
Adjusted beginning of period balance36,16121,79225,6704,7453,3082,41011,7662,0594542,2492,256
Issuances428169169317418630013624182595
Interest accrual60226526543695025644104873
Benefit payments(1,264)(485)(1,080)(108)(251)(238)(489)(159)(30)(57)(133)
Foreign currency translation(1,293)(782)(903)(168)0000000
Other00000000000
Ending balance at original discount rate34,63420,95924,1214,5153,3002,40811,8332,0804582,4222,791

Item 1. Financial Statements (Unaudited)

FAQ

What is Aflac's critical care — interest accrual?
Aflac (AFL) reported critical care — interest accrual of $129M in Q2 2026.
How has Aflac's critical care — interest accrual changed year-over-year?
Aflac's critical care — interest accrual decreased by 0.8% year-over-year, from $130M to $129M.
What is the long-term trend for Aflac's critical care — interest accrual?
Over 4 years (2021 to 2025), Aflac's critical care — interest accrual has grown at a -1.8% compound annual growth rate (CAGR), from $553M to $515M.
What does critical care — interest accrual mean?
Represents the periodic accretion of interest on the liability for future policy benefits within the critical care insurance segment. This reflects the time value of money applied to long-term insurance obligations as they approach maturity. It is a fundamental component of the actuarial valuation of insurance reserves.

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