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Aflac AFL Other — Deferred policy acquisition costs

Other product segments

Medical and other health
$1.78B-11.1%
Critical care
$1.35B0.0%
Accident
$900M-0.9%
Life insurance
$752M+3.2%
Disability
$638M+0.3%
Hospital indemnity
$463M+1.5%
Dental/vision
$87M+1.2%

Similar metrics at other companies

Equitable Holdings logo
EQHOthers — Deferred policy acquisition costs
$19M+5.6%
Citizens logo
CIAOther Business — Deferred policy acquisition costs
$1.74M-1.0%
Equitable Holdings logo
EQHCB — Deferred policy acquisition costs
$94M-8.7%
Equitable Holdings logo
EQHEG — Deferred policy acquisition costs
$795M+2.4%
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EQHEI — Deferred policy acquisition costs
$152M-1.3%
Equitable Holdings logo
EQHIE — Deferred policy acquisition costs
$301M+20.4%

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$61.13B+9.7%
Enterprise value$63.83B+10.5%
P/E12.6×-10.3×
P/S3.4×-0.1×

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:DeferredPolicyAcquisitionCosts.

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. / OtherTotal
Deferred policy acquisition costs:
Balance at December 31, 2025$2,965$1,840$446$51$909$641$1,355$463$87$277$0$9,034
Capitalization16849231645875406620546
Amortization expense(91)(45)(16)(2)(73)(61)(81)(40)(6)(24)0(439)
Foreign currency translation and other(109)(67)(16)(1)0000000(193)
Balance at June 30, 2026$2,933$1,777$437$49$900$638$1,349$463$87$315$0$8,948

Item 1. Financial Statements (Unaudited)

FAQ

What is Aflac's other — deferred policy acquisition costs?
Aflac (AFL) reported other — deferred policy acquisition costs of $49M in Q2 2026.
How has Aflac's other — deferred policy acquisition costs changed year-over-year?
Aflac's other — deferred policy acquisition costs decreased by 12.5% year-over-year, from $56M to $49M.
What is the long-term trend for Aflac's other — deferred policy acquisition costs?
Over 2 years (2023 to 2025), Aflac's other — deferred policy acquisition costs has grown at a -2.2% compound annual growth rate (CAGR), from $225M to $215M.
What does other — deferred policy acquisition costs mean?
Represents the capitalized costs associated with acquiring new insurance policies that are expected to be recovered from future premiums. These costs are deferred on the balance sheet and amortized over the life of the policy to match expenses with related revenue recognition.

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