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Aflac Cash Flow Statement

Operating, investing, and financing cash movements

Aflac generated $2.9B in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.9BNet Cash From Investing (TTM)$2.2BNet Cash From Financing (TTM)-$4.6BNet Change In Cash (TTM)$792.0M
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$59.3B
P/E Ratio12.79
ROE16.47%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in income taxes payable/receivable-$329M$117M-$384M$359M-$370M$224M
Other working capital changes$112M$317M$131M——$664M
Change in receivables-$23M$37M$11M—$38M$30M
Net gains (losses) on investments$1B-$963M-$421M$275M—$49M
Net cash from operating activities$333M$589M$399M$1.3B$315M$968M
Net income$1.9B$29M$599M$1.6B$1.4B$1B
Capitalization of Deferred Policy Acquisition Costs$264M$276.3M$276.3M$276.3M$276.3M—
Capitalization of Deferred Policy Acquisition Costs—$246M$257M$293M—$272M
Amortization of deferred acquisition costs$213M$216M$221M$218M$219M$221M
Gain (Loss) on Investments$1B-$963M-$421M$275M—$49M
Other Noncash Income (Expense)$112M$317M$131M——$664M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt—$0$1B———
Repayments of debt$48.5M$0$0$84M$0$400M
Dividends paid$267M$306M$301M$299M$292M$304M
Change in investment-type contracts, net-$52M-$58M-$65M-$75M-$68M-$70M
Other, net-$8M-$1M-$4M-$7M-$26M$8M
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security$48.5M$0$0$84M$0$400M
Net cash from financing activities-$1.1B-$1.3B-$162M-$1.5B-$1.2B-$1.8B
Other financing activities-$8M-$1M-$4M-$7M-$26M$8M
Proceeds from issuance of common stock—$4M—$3M$3M$4M
Repurchases of common stock$750M$900M$829M$1B$801M$1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$149M$33M-$36M-$15M-$13M-$41M
Net increase (decrease) in cash$617M-$998M$1.7B——-$591M
Real Estate Owned, Transfer to Real Estate Owned$88M$71M$176M——$0

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$562M-$1M$606M$0$563M-$18M
Interest paid$53M$40M$52M$41M$64M$51M
Capital Lease Obligations Incurred$8M$10M$9M$6M$5M$20M
Income Taxes Paid, Net$562M-$1M$606M$0$563M-$18M
Health care costs payable and other insurance liabilities-$43M-$136M-$59M-$537M-$83M$519M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Increase (Decrease) In Collateral Held For Securities Lending And Derivatives—-$984M-$2.5B——-$2.6B
Payments For Proceeds From Hedge Investing Activities$92M-$18M-$8M$13M$33M-$16M
Payment for (Proceeds from) Other Investing Activity—$78M—$188M$71M-$176M
Payments to Acquire Equity Securities, FV-NI$78M$101M$148M$120M$141M$245M
Payments to Acquire Loans Receivable$439M$392M$407M$269M$416M$495M
Payments to Acquire Other Investments—$697M$315M$97M—$1.3B
Commercial mortgage and other loans$953M$500M$575M$346M$746M$454M
Proceeds From Sale And Maturity Of Available For Sale Securities$2.4B$5.9B$1.9B$1.8B$1.5B$1.6B
Proceeds from disposal of certain strategic investments$80M$96M$144M$115M$136M$251M
Change in mortgage loans$439M$392M$407M$269M$416M$495M
Net cash from investing activities$1.5B-$359M$1.5B$28M$359M$244M
Other investing activities—$78M—$188M$71M-$176M
Proceeds from maturities/sales of investments$1M$0$2M$0$1M$33M
Purchases of equity securities$78M$101M$148M$120M$141M$245M
Purchases of investments$953M$6.6B$2.8B$1.3B$982M$2.8B