What is Aflac's dental/vision — future policy benefits?

Aflac (AFL) reported dental/vision — future policy benefits of $228M in Q2 2026.

How has Aflac's dental/vision — future policy benefits changed year-over-year?

Aflac's dental/vision — future policy benefits decreased by 6.9% year-over-year, from $245M to $228M.

What is the long-term trend for Aflac's dental/vision — future policy benefits?

Over 2 years (2023 to 2025), Aflac's dental/vision — future policy benefits has grown at a -5.6% compound annual growth rate (CAGR), from $1.08B to $966M.

What does dental/vision — future policy benefits mean?

This is the aggregate balance sheet liability representing the present value of future benefits payable to policyholders in the dental and vision segment. It is the primary measure of the segment's long-term financial commitment to its customers.

Aflac (AFL) Dental/vision — Future policy benefits

Screener

Other product segments

Life insurance

$15.45B-23.3%

Critical care

$6.75B-1.9%

Medical and other health

$6.5B-25.1%

Other

$3.1B-19.9%

Hospital indemnity

$758M-1.8%

Accident

$635M+0.8%

Disability

$627M-8.6%

Similar metrics at other companies

APOTotal — Future policy benefits

$43.04B-2.4%

FNFPRT — Future policy benefits

$8.18B+28.6%

FGPRT — Future policy benefits

$8.31B+22.8%

APOReconciling items — Future policy benefits

$5.62B-2.9%

APOWhole Life — Future policy benefits

$2.32B+22.9%

FNFImmediate annuities — Future policy benefits

$1.24B-4.2%

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:LiabilityForFuturePolicyBenefits.

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
Foreign currency translation	(1,293)	(782)	(903)	(168)	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0	0	0	0
Ending balance at original discount rate	34,634	20,959	24,121	4,515	3,300	2,408	11,833	2,080	458	2,422	2,791
Effect of changes in discount rate assumptions	(3,323)	(5,274)	(5,681)	(1,254)	(210)	(98)	(1,146)	(144)	(27)	(243)	167
Balance at June 30, 2026	31,311	15,685	18,440	3,261	3,090	2,310	10,687	1,936	431	2,179	2,958
Net liability for future policy benefits	20,325	6,504	14,357	2,625	635	627	6,746	758	228	1,091	471
Less: reinsurance recoverable	3,920	933	303	0	0	0	0	0	0	29	17
Net liability for future policy benefits after reinsurance recoverable	$16,405	$5,571	$14,054	$2,625	$635	$627	$6,746	$758	$228	$1,062	$454

Item 1. Financial Statements (Unaudited)

FAQ

What is Aflac's dental/vision — future policy benefits?: Aflac (AFL) reported dental/vision — future policy benefits of $228M in Q2 2026.
How has Aflac's dental/vision — future policy benefits changed year-over-year?: Aflac's dental/vision — future policy benefits decreased by 6.9% year-over-year, from $245M to $228M.
What is the long-term trend for Aflac's dental/vision — future policy benefits?: Over 2 years (2023 to 2025), Aflac's dental/vision — future policy benefits has grown at a -5.6% compound annual growth rate (CAGR), from $1.08B to $966M.
What does dental/vision — future policy benefits mean?: This is the aggregate balance sheet liability representing the present value of future benefits payable to policyholders in the dental and vision segment. It is the primary measure of the segment's long-term financial commitment to its customers.