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Aflac AFL Reserve for Incurred But Not Reported (IBNR) Claims

Reserve for Incurred But Not Reported (IBNR) Claims at other companies

Globe Life logo
Globe LifeGL
$576.45M+24.5%
American International Group logo
American International GroupAIG
$334M-15.4%
Humana logo
HumanaHUM

Segments

By segment

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Aflac U.S.$0
Corporate and other$0

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 us-gaap:OtherPolicyholderFunds.

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 reserve for incurred but not reported (IBNR) claims?
Aflac (AFL) reported reserve for incurred but not reported (IBNR) claims of $5.42B in Q1 2026.
How has Aflac's reserve for incurred but not reported (IBNR) claims changed year-over-year?
Aflac's reserve for incurred but not reported (IBNR) claims decreased by 7.5% year-over-year, from $5.86B to $5.42B.
What is the long-term trend for Aflac's reserve for incurred but not reported (IBNR) claims?
Over 5 years (2020 to 2025), Aflac's reserve for incurred but not reported (IBNR) claims has grown at a -7.0% compound annual growth rate (CAGR), from $7.82B to $5.45B.
What does reserve for incurred but not reported (IBNR) claims mean?
The reserve established for claims that have occurred but have not yet been reported to the insurance company. This is based on actuarial projections of historical claim patterns.