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Aflac AFL Fixed Annuity — Policyholder Account Balance, Surrender and Withdrawal

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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:PolicyholderAccountBalanceSurrenderAndWithdrawal.

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
Fixed annuities account balance, beginning of period (1)$5,152$5,221
Premiums received4397
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

Item 1. Financial Statements (Unaudited)

FAQ

What is Aflac's fixed annuity — policyholder account balance, surrender and withdrawal?
Aflac (AFL) reported fixed annuity — policyholder account balance, surrender and withdrawal of $16M in Q2 2026.
How has Aflac's fixed annuity — policyholder account balance, surrender and withdrawal changed year-over-year?
Aflac's fixed annuity — policyholder account balance, surrender and withdrawal decreased by 5.9% year-over-year, from $17M to $16M.
What is the long-term trend for Aflac's fixed annuity — policyholder account balance, surrender and withdrawal?
Over 3 years (2022 to 2025), Aflac's fixed annuity — policyholder account balance, surrender and withdrawal has grown at a 7.2% compound annual growth rate (CAGR), from $52M to $64M.
What does fixed annuity — policyholder account balance, surrender and withdrawal mean?
This captures the total value of funds removed from fixed annuity accounts by policyholders prior to maturity or through partial withdrawals. It is a key indicator of policyholder behavior and potential liquidity risk.

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