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Aflac AFL Deferred Policy Acquisition Costs, Amortization Expense

Deferred Policy Acquisition Costs, Amortization Expense at other companies

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UnumUNM
$135.4M+2.4%
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CitizensCIA
$5.02M+8.8%
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Globe LifeGL
$120.54M+8.2%
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Horace Mann EducatorsHMN
$32.3M+9.1%
Prudential Financial logo
Prudential FinancialPRU
$430M+5.7%
The Hartford Financial Services Group logo
The Hartford Financial Services GroupHIG
$669M+7.0%

Segments

By product

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Critical care$41M+7.9%
Accident$36M0.0%
Disability$30M0.0%
Medical and other health$22M-15.4%
Life insurance$21M+10.5%
Hospital indemnity$19M0.0%

By segment

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Aflac U.S.$142M+4.4%
Aflac Japan$76M-10.6%
Corporate and other$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$63.91B+16.8%
Enterprise value$66.6B+17.3%
P/E13.1×-9.3×
P/S3.5×+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:DeferredPolicyAcquisitionCostAmortizationExpense.

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, except for share and per-share amounts - Unaudited)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Reserve remeasurement (gains) losses(46)(37)(128)(78)
Total benefits and claims, net1,8522,0103,6843,955
Acquisition and operating expenses:
Amortization of deferred policy acquisition costs218221439437
Insurance commissions239251476491
Insurance and other expenses7498041,5201,606
Interest expense6452124102
Total acquisition and operating expenses1,2701,3282,5592,636

Item 1. Financial Statements (Unaudited)

FAQ

What is Aflac's deferred policy acquisition costs, amortization expense?
Aflac (AFL) reported deferred policy acquisition costs, amortization expense of $218M in Q2 2026.
How has Aflac's deferred policy acquisition costs, amortization expense changed year-over-year?
Aflac's deferred policy acquisition costs, amortization expense decreased by 1.4% year-over-year, from $221M to $218M.
What is the long-term trend for Aflac's deferred policy acquisition costs, amortization expense?
Over 4 years (2021 to 2025), Aflac's deferred policy acquisition costs, amortization expense has grown at a 0.1% compound annual growth rate (CAGR), from $869M to $874M.
What does deferred policy acquisition costs, amortization expense mean?
This is the periodic expense recognized for the amortization of costs incurred to acquire new insurance policies, such as commissions and underwriting expenses. It spreads the cost of acquisition over the life of the policy.

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