Revenue

Net investment income

Aflac Net investment income decreased by 1.7% to $956.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 0.1%, from $955.00M to $956.00M. Over 4 years (FY 2021 to FY 2025), Net investment income shows relatively stable performance with a 1.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementIncome Statement
SectionRevenue
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026May 6, 2026

How to read this metric

Higher income suggests effective asset management or a larger investment base, while lower income may reflect a conservative portfolio or declining interest rate environments.

Detailed definition

This metric captures the income generated from the company's investment portfolio, including interest, dividends, and re...

Peer comparison

Common for all life and supplemental insurers; highly dependent on the company's asset allocation strategy.

Metric ID: revenue_net_investment_income

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$993.00M$991.00M$910.00M$903.00M$937.00M$920.00M$896.00M$943.00M$999.00M$1.00B$865.00M$1.00B$1.10B$1.01B$1.02B$955.00M$1.08B$1.07B$973.00M$956.00M
QoQ Change-0.2%-8.2%-0.8%+3.8%-1.8%-2.6%+5.2%+5.9%+0.5%-13.8%+15.6%+9.5%-8.1%+1.0%-6.0%+13.2%-1.3%-8.8%-1.7%
YoY Change-5.6%-7.2%-1.5%+4.4%+6.6%+9.1%-3.5%+6.0%+9.6%+0.2%+17.5%-4.5%-1.3%+6.1%-4.2%+0.1%
Range$865.00M$1.10B
CAGR-0.8%
Avg YoY Growth+2.0%
Median YoY Growth+0.2%
Current Streak3 quarters decline

Business Segments — Aflac Japan

View all
SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aflac Japan$725.00M$662.00M$996.00M$586.00M$699.00M$665.00M$904.00M$591.00M
Corporate and other$50.25M$50.25M$50.25M$92.00M$92.00M$92.00M$92.00M
Total$1.10B$1.01B$1.02B$955.00M$1.08B$1.07B$973.00M$956.00M

Corporate and other is derived from annual filings.

Business Segments — Aflac U.S.

View all
SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aflac U.S.$218.00M$210.00M$249.00M$202.00M$207.00M$214.00M$231.00M$201.00M
Total$1.10B$1.01B$1.02B$955.00M$1.08B$1.07B$973.00M$956.00M

Frequently Asked Questions

What is Aflac's net investment income?
Aflac (AFL) reported net investment income of $956.00M in Q1 2026.
How has Aflac's net investment income changed year-over-year?
Aflac's net investment income increased by 0.1% year-over-year, from $955.00M to $956.00M.
What is the long-term trend for Aflac's net investment income?
Over 4 years (2021 to 2025), Aflac's net investment income has grown at a 1.6% compound annual growth rate (CAGR), from $3.82B to $4.08B.
What does net investment income mean?
Income earned from the company's investment portfolio.