Non-Current Liabilities
Future policy benefits
Aflac Future policy benefits decreased by 4.5% to $59.52B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 16.4%, from $71.20B to $59.52B. Over 5 years (FY 2020 to FY 2025), Future policy benefits shows a downward trend with a -8.6% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryRisk
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026
How to read this metric
An increase reflects growing insurance obligations or changes in actuarial assumptions that require higher reserves.
Detailed definition
A liability representing the present value of estimated future payments to be made to policyholders, net of future premi...
Peer comparison
Standard liability metric for all life and health insurance companies to ensure solvency.
Metric ID:
ins_future_policy_benefitsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $92.99B | $92.43B | $90.59B | $85.87B | $78.21B | $74.63B | $80.75B | $91.29B | $85.90B | $78.45B | $83.72B | $77.87B | $70.34B | $79.67B | $70.38B | $71.20B | $71.10B | $67.14B | $62.32B | $59.52B |
| QoQ Change | — | -0.6% | -2.0% | -5.2% | -8.9% | -4.6% | +8.2% | +13.1% | -5.9% | -8.7% | +6.7% | -7.0% | -9.7% | +13.3% | -11.7% | +1.2% | -0.1% | -5.6% | -7.2% | -4.5% |
| YoY Change | — | — | — | — | -15.9% | -19.3% | -10.9% | +6.3% | +9.8% | +5.1% | +3.7% | -14.7% | -18.1% | +1.6% | -15.9% | -8.6% | +1.1% | -15.7% | -11.5% | -16.4% |
Range$59.52B – $92.99B
CAGR-9.0%
Avg YoY Growth-7.5%
Median YoY Growth-11.2%
Current Streak4 quarters decline
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Life Insurance | $19.99B | $22.81B | $20.05B | $20.17B | $20.15B | $18.88B | $17.40B | $16.16B |
| Other | $3.85B | $4.39B | $3.84B | $3.88B | $3.86B | $3.70B | $3.42B | $3.23B |
| Total | $70.34B | $79.67B | $70.38B | $71.20B | $71.10B | $67.14B | $62.32B | $59.52B |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Corporate and other | $3.41B | $3.90B | $5.07B | $5.12B | $5.11B | $4.75B | $4.32B | $4.59B |
| Total | $70.34B | $79.67B | $70.38B | $71.20B | $71.10B | $67.14B | $62.32B | $59.52B |
Future policy benefits at Other Companies
Frequently Asked Questions
- What is Aflac's future policy benefits?
- Aflac (AFL) reported future policy benefits of $59.52B in Q1 2026.
- How has Aflac's future policy benefits changed year-over-year?
- Aflac's future policy benefits decreased by 16.4% year-over-year, from $71.20B to $59.52B.
- What is the long-term trend for Aflac's future policy benefits?
- Over 5 years (2020 to 2025), Aflac's future policy benefits has grown at a -8.6% compound annual growth rate (CAGR), from $97.78B to $62.32B.
- What does future policy benefits mean?
- The amount of money the company sets aside to pay out future insurance claims.