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Aflac AFL Life insurance — Ceded Premiums Earned

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CIALife Insurance Product Line — Ceded Premiums Earned
$3.11M+124%

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$62.59B+12.3%
Enterprise value$65.28B+13.0%
P/E12.9×-10.0×
P/S3.5×0.0×

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:CededPremiumsEarned.

The source filing: Aflac’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 8:03 AM EST
Fiscal year
FY2025
Accession
0001628280-26-011402
(In millions)Gross AmountCeded to Other CompaniesAssumedfrom OthercompaniesNet AmountPercentageof Amount Assumedto Net
Life insurance in force$245,615$13,495$17,867$249,9877%
Premiums:
Health insurance$11,857$316$132$11,6731%
Life insurance1,90352241,8751
Total earned premiums$13,760$368$156$13,5481%
2024:
Life insurance in force$187,553$13,481$21,192$195,26411%
Premiums:

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

FAQ

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.

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