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Aflac AFL Fixed Annuity — Policyholder Account Balance

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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:PolicyholderFunds.

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)June 30,2026December 31,2025
Transfers from WAYS conversions165307
Surrenders and withdrawals(35)(64)
Benefit payments(260)(513)
Interest credited2349
Foreign currency translation and other(183)55
Fixed annuities account balance, end of period4,9055,152
Other deposit type reserves383293
Total$5,288$5,445

Item 1. Financial Statements (Unaudited)

FAQ

What is Aflac's fixed annuity — policyholder account balance?
Aflac (AFL) reported fixed annuity — policyholder account balance of $4.91B in Q2 2026.
How has Aflac's fixed annuity — policyholder account balance changed year-over-year?
Aflac's fixed annuity — policyholder account balance decreased by 13.1% year-over-year, from $5.64B to $4.91B.
What is the long-term trend for Aflac's fixed annuity — policyholder account balance?
Over 2 years (2023 to 2025), Aflac's fixed annuity — policyholder account balance has grown at a -4.5% compound annual growth rate (CAGR), from $23.83B to $21.74B.
What does fixed annuity — policyholder account balance mean?
This represents the total liability amount held by the insurer for fixed annuity contracts. It reflects the cumulative value of premiums, interest credited, and transfers, net of withdrawals and benefit payments.

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