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Aflac AFL Insurance commissions

Insurance commissions at other companies

Unum logo
UnumUNM
$364.3M+6.1%
Citizens logo
CitizensCIA
$11.35M-0.5%
Fidelity National Financial logo
Fidelity National FinancialFNF
$608M+15.2%

Segments

By segment

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Aflac U.S.$145M+4.3%
Aflac Japan$94M-16.1%

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$61.13B+9.7%
Enterprise value$63.83B+10.5%
P/E12.6×-10.3×
P/S3.4×-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:InsuranceCommissions.

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
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
Total benefits and expenses3,1223,3386,2436,591

Item 1. Financial Statements (Unaudited)

FAQ

What is Aflac's insurance commissions?
Aflac (AFL) reported insurance commissions of $239M in Q2 2026.
How has Aflac's insurance commissions changed year-over-year?
Aflac's insurance commissions decreased by 4.8% year-over-year, from $251M to $239M.
What is the long-term trend for Aflac's insurance commissions?
Over 4 years (2021 to 2025), Aflac's insurance commissions has grown at a -5.8% compound annual growth rate (CAGR), from $1.26B to $991M.
What does insurance commissions mean?
This represents the direct payments made to agents, brokers, and distributors for selling insurance policies. It is a key component of the company's distribution and sales expense structure.

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