Deferred Policy Acquisition Costs, Amortization Expense
Aflac Deferred Policy Acquisition Costs, Amortization Expense increased by 0.9% to $221.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.3%, from $216.00M to $221.00M. Over 4 years (FY 2021 to FY 2025), Deferred Policy Acquisition Costs, Amortization Expense shows relatively stable performance with a 0.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
High amortization relative to new business may indicate past high-growth periods, while changes reflect shifts in acquisition strategy.
Detailed definition
This is the periodic expense recognized for the amortization of costs incurred to acquire new insurance policies, such a...
Peer comparison
Standard accounting practice for insurers; reflects the company's historical customer acquisition efficiency.
other_deferred_policy_acquisition_cost_amortization_expenseHistorical Data
| 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 | $280.00M | $278.00M | $0.00 | $207.00M | $197.00M | $194.00M | $194.00M | $205.00M | $202.00M | $201.00M | $208.00M | $215.00M | $208.00M | $214.00M | $213.00M | $216.00M | $221.00M | $218.00M | $219.00M | $221.00M |
| QoQ Change | — | -0.7% | -100.0% | — | -4.8% | -1.5% | +0.0% | +5.7% | -1.5% | -0.5% | +3.5% | +3.4% | -3.3% | +2.9% | -0.5% | +1.4% | +2.3% | -1.4% | +0.5% | +0.9% |
| YoY Change | — | — | — | — | -29.6% | -30.2% | — | -1.0% | +2.5% | +3.6% | +7.2% | +4.9% | +3.0% | +6.5% | +2.4% | +0.5% | +6.3% | +1.9% | +2.8% | +2.3% |
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Critical care | $39.00M | $37.00M | $39.00M | $39.00M | $38.00M | $39.00M | $39.00M | $40.00M |
| Accident | $36.00M | $35.00M | $36.00M | $36.00M | $36.00M | $35.00M | $36.00M | $37.00M |
| Disability | $30.00M | $29.00M | $30.00M | $31.00M | $30.00M | $30.00M | $31.00M | $31.00M |
| Medical and other health | $25.00M | $25.00M | $25.00M | $25.00M | $26.00M | $24.00M | $24.00M | $23.00M |
| Hospital indemnity | $18.00M | $19.00M | $18.00M | $19.00M | $19.00M | $20.00M | $21.00M | $21.00M |
| Life insurance | $15.00M | $19.00M | $15.00M | $17.00M | $19.00M | $18.00M | $19.00M | $19.00M |
| Dental/vision | $2.00M | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M |
| Other | $1.00M | $0.00 | $2.00M | $0.00 | $2.00M | $0.00 | $1.00M | $1.00M |
| Total | $208.00M | $214.00M | $213.00M | $216.00M | $221.00M | $218.00M | $219.00M | $221.00M |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Aflac U.S. | $132.00M | $132.00M | $134.00M | $137.00M | $136.00M | $137.00M | $141.00M | $143.00M |
| Aflac Japan | $77.00M | $82.00M | $79.00M | $79.00M | $85.00M | $81.00M | $78.00M | $78.00M |
| Corporate and other | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total | $208.00M | $214.00M | $213.00M | $216.00M | $221.00M | $218.00M | $219.00M | $221.00M |
Corporate and other is derived from annual filings.
Deferred Policy Acquisition Costs, Amortization Expense at Other Companies
Frequently Asked Questions
- What is Aflac's deferred policy acquisition costs, amortization expense?
- Aflac (AFL) reported deferred policy acquisition costs, amortization expense of $221.00M in Q1 2026.
- How has Aflac's deferred policy acquisition costs, amortization expense changed year-over-year?
- Aflac's deferred policy acquisition costs, amortization expense increased by 2.3% year-over-year, from $216.00M to $221.00M.
- 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 $869.00M to $874.00M.
- What does deferred policy acquisition costs, amortization expense mean?
- The expense recognized for the costs of acquiring new insurance policies.