What is Aflac's SG&A?

Aflac (AFL) reported SG&A of $771M in Q1 2026.

How has Aflac's SG&A changed year-over-year?

Aflac's SG&A decreased by 3.9% year-over-year, from $802M to $771M.

What is the long-term trend for Aflac's SG&A?

Over 4 years (2021 to 2025), Aflac's SG&A has grown at a -2.1% compound annual growth rate (CAGR), from $3.54B to $3.25B.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Aflac AFL SG&A

SG&A at other companies

HumanaHUM

$3.98B+12.2%

American Financial GroupAFG

$556M+4.9%

The Hartford Financial Services GroupHIG

$1.22B+6.8%

Segments

By segment

See full

Aflac U.S.$397M+5.9%

Aflac Japan$250M-4.2%

Other financials

Income statement

See full

Revenue$4.3B+27.9%

Net income$1.0B+3,414%

EPS (diluted)$1.98+3,860%

Balance sheet

See full

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

See full

Operating cash flow$968.0M+64.3%

Valuation

See full

Market cap$65.49B+22.9%

Enterprise value$67.83B+22.5%

P/E14.1×-7.7×

P/S3.6×+0.3×

Profitability

See full

Net margin25.6%+4.3pp

Returns & leverage

See full

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:SellingGeneralAndAdministrativeExpense.

The official record: Aflac’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

Ask your AI about Aflac's sg&a.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Aflac's SG&A?: Aflac (AFL) reported SG&A of $771M in Q1 2026.
How has Aflac's SG&A changed year-over-year?: Aflac's SG&A decreased by 3.9% year-over-year, from $802M to $771M.
What is the long-term trend for Aflac's SG&A?: Over 4 years (2021 to 2025), Aflac's SG&A has grown at a -2.1% compound annual growth rate (CAGR), from $3.54B to $3.25B.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.