Aflac Dental/vision — Future policy benefits decreased by 1.7% to $232.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 5.3%, from $245.00M to $232.00M. Over 2 years (FY 2023 to FY 2025), Dental/vision — Future policy benefits shows a downward trend with a -5.6% CAGR.
Growth in this liability is expected as the business scales, but it must be balanced against premium growth and investment returns.
This is the aggregate balance sheet liability representing the present value of future benefits payable to policyholders...
A fundamental balance sheet item for any insurance company.
afl_segment_dental_vision_future_policy_benefits| Q4 '21 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $352.00M | $277.00M | $281.00M | $275.00M | $256.00M | $272.00M | $266.00M | $260.00M | $260.00M | $245.00M | $245.00M | $245.00M | $240.00M | $236.00M | $232.00M |
| QoQ Change | — | -21.3% | +1.4% | -2.1% | -6.9% | +6.3% | -2.2% | -2.3% | +0.0% | -5.8% | +0.0% | +0.0% | -2.0% | -1.7% | -1.7% |
| YoY Change | — | -21.3% | — | — | — | -1.8% | -5.3% | -5.5% | +1.6% | -9.9% | -7.9% | -5.8% | -7.7% | -3.7% | -5.3% |