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Aflac AFL Life insurance — Foreign currency translation

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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$60.18B+7.8%
Enterprise value$62.52B+6.9%
P/E13×-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 afl:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIncreaseDecreaseFromForeignCurrencyTranslation.

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 life insurance — foreign currency translation?
Aflac (AFL) reported life insurance — foreign currency translation of -$525M in Q1 2026.
How has Aflac's life insurance — foreign currency translation changed year-over-year?
Aflac's life insurance — foreign currency translation decreased by 134.6% year-over-year, from $1.52B to -$525M.
What does life insurance — foreign currency translation mean?
This metric captures the impact of fluctuations in foreign exchange rates on the valuation of life insurance policy liabilities. Since the company operates in multiple currencies, particularly the Japanese Yen, this adjustment reflects the accounting translation of liabilities into the reporting currency. It is a non-cash adjustment that highlights exposure to international market volatility.