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Aflac AFL Life insurance — Ceded Premiums Earned

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Other financials

Income statement

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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$59.93B+7.8%
Enterprise value$62.27B+6.9%
P/E12.9×-2.6×
P/S3.3×0.0×

Profitability

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Net margin25.6%+4.3pp

Returns & leverage

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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:CededPremiumsEarned.

The official record: Aflac’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Aflac's life insurance — ceded premiums earned?
Aflac (AFL) reported life insurance — ceded premiums earned of $13M in Q4 2025.
How has Aflac's life insurance — ceded premiums earned changed year-over-year?
Aflac's life insurance — ceded premiums earned increased by 2.0% year-over-year, from $12.75M to $13M.
What is the long-term trend for Aflac's life insurance — ceded premiums earned?
Over 4 years (2021 to 2025), Aflac's life insurance — ceded premiums earned has grown at a 15.7% compound annual growth rate (CAGR), from $29M to $52M.
What does life insurance — ceded premiums earned mean?
This represents the portion of premiums that the company pays to reinsurers to transfer a share of the insurance risk. By ceding these premiums, the company reduces its potential liability for large claims in exchange for a portion of the earned revenue. It is a key indicator of the company's risk management strategy and appetite for underwriting volatility.