# Aflac Incorporated (AFL)

**Exchange:** NYSE  
**Sector:** Financials  
**Market cap:** $62.29B  
**Price:** $116.45 (-0.56%)

> Aflac Inc. is a financial services holding company specializing in supplemental health and life insurance. The company primarily operates through two segments, Aflac Japan and Aflac U.S., providing insurance products that help policyholders manage out-of-pocket costs not fully covered by primary medical plans. Aflac is best known for its supplemental policies, including cancer insurance, accident coverage, critical illness plans, hospital indemnity, disability, and long-term care offerings. These products are marketed largely through independent agents and brokers, with a strong presence in worksite distribution, where policies are offered to employees through their employers, as well as through digital and direct-to-consumer channels. Headquartered in Columbus, Georgia, Aflac serves individuals and businesses, playing a notable role in the insurance market by focusing on financial protection against unexpected health-related expenses in both the United States and Japan.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $17.16B | — | — | $3.65B | — |
| 2024 | $18.93B | — | — | $5.44B | — |
| 2023 | $18.70B | — | — | $4.66B | — |
| 2022 | $19.14B | — | $4.16B | $4.42B | — |
| 2021 | $21.55B | — | $4.93B | $4.23B | — |
| 2020 | $22.15B | — | $4.42B | $4.78B | — |
| 2019 | $22.31B | — | $4.46B | $3.30B | — |
| 2018 | $21.76B | — | $4.35B | $2.92B | — |
| 2017 | $21.67B | — | $4.09B | $4.60B | — |
| 2016 | $22.56B | — | $4.12B | $2.66B | — |
| 2015 | $20.87B | — | $4.00B | $2.53B | — |
| 2014 | $22.73B | — | $4.25B | $2.95B | — |
| 2013 | $23.94B | — | $4.40B | $3.16B | — |
| 2012 | $25.36B | — | $4.66B | $2.87B | — |
| 2011 | $22.17B | — | $4.50B | $1.94B | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $116.47B | $86.98B | $29.49B | $6.25B | — |
| 2024 | $117.57B | $91.47B | $26.10B | $6.23B | — |
| 2023 | $126.72B | $104.74B | $21.98B | $4.31B | — |
| 2022 | $131.74B | $111.60B | $20.14B | $3.94B | — |
| 2021 | $157.54B | $124.29B | $17.03B | $5.05B | — |
| 2020 | $165.09B | $131.53B | $33.56B | $5.14B | — |
| 2019 | $152.77B | $123.81B | $28.96B | $4.90B | — |
| 2018 | $140.41B | $116.94B | $23.46B | $4.34B | — |
| 2017 | $137.22B | $112.62B | $24.60B | $3.49B | — |
| 2016 | $129.82B | $109.34B | $20.48B | $4.86B | — |
| 2015 | $118.26B | $100.55B | $17.71B | $4.35B | — |
| 2014 | $119.73B | $101.42B | $18.35B | $4.66B | — |
| 2013 | $121.31B | $106.69B | $14.62B | $2.54B | — |
| 2012 | $121.31B | $115.12B | $15.98B | $2.04B | — |
| 2011 | $116.24B | $103.29B | $12.95B | $2.25B | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $2.56B | — | — |
| 2024 | $2.71B | — | — |
| 2023 | $3.19B | — | — |
| 2022 | $3.88B | — | — |
| 2021 | $5.05B | — | — |
| 2020 | $5.96B | — | — |
| 2019 | $5.46B | — | — |
| 2018 | $6.01B | — | — |
| 2017 | $6.13B | — | — |
| 2016 | $5.99B | — | — |
| 2015 | $6.78B | — | — |
| 2014 | $6.55B | — | — |
| 2013 | $10.55B | — | — |
| 2012 | $14.95B | — | — |
| 2011 | $10.84B | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/AFL)