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Aflac AFL Life insurance — Issuances

Other product segments

Medical and other health
$154M+117%
Other
$122M+62.7%
Critical care
$85M-11.5%
Disability
$71M-10.1%
Accident
$58M-3.3%
Hospital indemnity
$41M+2.5%
Dental/vision
$10M-28.6%

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$15M+25.0%
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$221M+7.8%
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$0

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$64.47B+12.3%
Enterprise value$67.16B+13.0%
P/E13.3×-10.3×
P/S3.6×0.0×

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:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIssuance.

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)Aflac Japan / CancerAflac Japan / Medicaland Other HealthAflac Japan / Life InsuranceAflac Japan / OtherAflac U.S. / AccidentAflac U.S. / DisabilityAflac U.S. / Critical CareAflac U.S. / Hospital IndemnityAflac U.S. / Dental/VisionAflac U.S. / Life InsuranceAflac U.S. / Other
Effect of changes in cash flow assumptions00000000000
Effect of actual variances from expected experience(277)(187)(46)(13)(40)9(46)(12)(4)(39)(48)
Adjusted beginning of period balance36,16121,79225,6704,7453,3082,41011,7662,0594542,2492,256
Issuances428169169317418630013624182595
Interest accrual60226526543695025644104873
Benefit payments(1,264)(485)(1,080)(108)(251)(238)(489)(159)(30)(57)(133)
Foreign currency translation(1,293)(782)(903)(168)0000000
Other00000000000

Item 1. Financial Statements (Unaudited)

FAQ

What is Aflac's life insurance — issuances?
Aflac (AFL) reported life insurance — issuances of $166M in Q2 2026.
How has Aflac's life insurance — issuances changed year-over-year?
Aflac's life insurance — issuances increased by 13.7% year-over-year, from $146M to $166M.
What is the long-term trend for Aflac's life insurance — issuances?
Over 4 years (2021 to 2025), Aflac's life insurance — issuances has grown at a 13.7% compound annual growth rate (CAGR), from $402M to $671M.
What does life insurance — issuances mean?
This metric tracks the new liabilities recognized during the period due to the issuance of new life insurance policies. It represents the growth in the company's insurance obligations resulting from new business production. It is a direct measure of the volume of new insurance contracts underwritten.

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