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AFL

Aflac

FinancialsAccident & Health InsuranceS&P 500
Ticker AFLCOLUMBUS, GAFiscal year ends DecemberBook value per share $59.42Diluted shares 510.1M

Aflac Incorporated (NYSE: AFL) provides supplemental health and life insurance to policyholders and customers in Japan and the United States, paying cash benefits for eligible claims when insured people become sick or injured. Its two insurance segments are Aflac Japan and Aflac U.S.; other operations include asset… From the company’s description.

In fiscal 2025, Aflac reported revenue of $17.16B, down 9.3% from fiscal 2024, and net income of $3.65B. Its operating margin was 31.0%, and operations generated $2.56B in cash. Over the twelve months to Jun 30, 2026, revenue was $18.07B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$17.16BFY2025
−9.3% year over year
Last 12 mo $18.07B
31.02%FY2025
+2.8 percentage points
Last 12 mo 29.44%
$3.65BFY2025
−33.0% year over year
Last 12 mo $4.86B
12.36%FY2025
−8.5 percentage points
Last 12 mo 16.04%
Cash & financing
$2.56BFY2025
−5.6% year over year
Last 12 mo $2.65B
$2.56BFY2025
−5.6% year over year
Last 12 mo $2.65B
0.29FY2025
Was 0.29× a year earlier
Last 12 mo 0.29
534.9MFY2025
−5.3% year over year
Last 12 mo 510.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Aflac does

In the company’s own words

Aflac Incorporated (NYSE: AFL) provides supplemental health and life insurance to policyholders and customers in Japan and the United States, paying cash benefits for eligible claims when insured people become sick or injured. Its two insurance segments are Aflac Japan and Aflac U.S.; other operations include asset management, reinsurance and corporate activities. Products include cancer, medical, accident, disability, critical illness, hospital indemnity, dental, vision and life insurance, sold to individuals and employers through agents, brokers, distribution partners and direct channels. In Japan, Aflac also offers nursing care and savings-oriented life insurance. Its marketing features the Aflac Duck, and its brands include Aflac Group Insurance and Aflac Dental and Vision. At December 31, 2025, the company had 12,716 full-time employees. Its website is www.aflac.com.

Company details
Sector
Financials
Industry (SIC)
Accident & Health Insurance
Headquarters
COLUMBUS, GA
Fiscal year end
December
CIK
4977
SIC
6321

Financial performance, year by year

Fiscal 2013–2025 · USD
$-2.39B$4.79B$11.97B$19.15B$26.33B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Aflac — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

586
funds hold it
0 of 35
superinvestors hold it
$13.09B
held by funds, at market
22.5%
of shares held by funds
13
bond issues held by funds

Largest fund holders · Aflac’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.07%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.08%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.52%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.08%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.08%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Aflac’s bonds, as funds hold them

Funds report holding 13 issues of Aflac’s debt, $245.09M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.95%, maturing 2026 to 2049.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Aflac and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Aflac's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Aflac's last four quarterly filings that the numbers alone won't show?”
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