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Aflac AFL Hospital indemnity — Effect of changes in discount rate assumptions

Other product segments

Medical and other health
-$1.4B-238%
Critical care
-$360M+7.5%
Life insurance
-$345M-321%
Accident
-$148M+7.5%
Disability
-$62M+13.9%
Other
-$21M-262%
Dental/vision
-$9M+18.2%

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GLHealth — Effect of change from original to current discount rates
-$126.52M-6.9%
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GLOther — Effect of changes in discount rate assumptions
$310.82M-21.5%
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GLHealth — Effect of changes in discount rate assumptions
-$212.3M-9.3%
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GLOther — Effect of change from original to current discount rates
$8.79M-36.5%
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GLHealth — Liability for Future Policy Benefit, Original Discount Rate
$3B

Other financials

Income statement

See full
Revenue$4.3B+27.9%
Net income$1.0B+3,414%
EPS (diluted)$1.98+3,860%

Balance sheet

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Cash & equivalents$5.7B+8.1%
Total debt$8.0B+1.8%
Total equity$30.0B+13.8%
Total assets$116.28B-3.3%

Cash flow

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Operating cash flow$968.0M+64.3%

Valuation

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Market cap$58.77B-6.9%
Enterprise value$61.11B-7.0%
P/E12.7×-4.9×
P/S3.2×-0.5×

Profitability

See full
Net margin25.6%+4.3pp

Returns & leverage

See full
Return on equity16.5%+2.1pp
Debt / equity0.3×0.0×

Where this comes from

Reported directly by Aflac in its filing.

Tagged under the XBRL concept us-gaap:AociLiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeTax.

The official record: Aflac’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Aflac's hospital indemnity — effect of changes in discount rate assumptions?
Aflac (AFL) reported hospital indemnity — effect of changes in discount rate assumptions of -$75M in Q1 2026.
How has Aflac's hospital indemnity — effect of changes in discount rate assumptions changed year-over-year?
Aflac's hospital indemnity — effect of changes in discount rate assumptions increased by 12.8% year-over-year, from -$86M to -$75M.
What is the long-term trend for Aflac's hospital indemnity — effect of changes in discount rate assumptions?
Over 2 years (2023 to 2025), Aflac's hospital indemnity — effect of changes in discount rate assumptions has grown at a -23.2% compound annual growth rate (CAGR), from -$482M to -$284M.
What does hospital indemnity — effect of changes in discount rate assumptions mean?
The change in liability value caused by updating the interest rate used for actuarial calculations.
How do you interpret hospital indemnity — effect of changes in discount rate assumptions?
A significant change indicates high sensitivity to interest rate environments and potential volatility in reported earnings.
How does hospital indemnity — effect of changes in discount rate assumptions compare across companies?
Critical for insurers under LDTI or similar long-duration contract accounting standards.