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Aflac AFL Dental/vision — Less: reinsurance recoverable

Other product segments

Medical and other health
$933M-25.3%
Life insurance
$332M+1,409%
Other
$17M
Accident
$0
Critical care
$0
Disability
$0
Hospital indemnity
$0

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$2.59B-0.8%
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GNWLong- term care insurance — Less: reinsurance recoverable
$7.6B+3.9%
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GNWFixed annuities — Less: reinsurance recoverable
$7.84B-3.7%
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AMPTerm and Whole Life Insurance — Less: reinsurance recoverable
$401M-6.7%

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$64.47B+17.8%
Enterprise value$67.16B+18.3%
P/E13.3×-9.2×
P/S3.6×+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:LiabilityForFuturePolicyBenefitReinsuranceRecoverableAfterAllowance.

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
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
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, 202631,31115,68518,4403,2613,0902,31010,6871,9364312,1792,958
Net liability for future policy benefits20,3256,50414,3572,6256356276,7467582281,091471
Less: reinsurance recoverable3,9209333030000002917
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 — less: reinsurance recoverable?
Aflac (AFL) reported dental/vision — less: reinsurance recoverable of $0 in Q2 2026.
What does dental/vision — less: reinsurance recoverable mean?
This represents the portion of the dental and vision segment's future policy benefit liabilities that is covered by reinsurance agreements. It is subtracted from the gross liability to determine the company's net exposure to insurance claims.

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