Below are the financial statements of Aflac, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 |
---|---|---|
Investments and cash | — | — |
Fixed maturity securities available-for-sale, at fair value | 61,841a | 69,578a |
Fixed maturity securities available-for-sale - consolidated variable interest entities, at fair value | 3,428a | 3,712a |
Fixed maturity securities held-to-maturity, at amortized cost, net of allowance for credit losses of $5 in 2024 and $5 in 2023 | 15,966a | 17,819a |
Equity securities, at fair value | 796a | 1,088a |
Commercial mortgage and other loans, net of allowance for credit losses of $355 in 2024 and $274 in 2023 | 10,869a | 12,527a |
Other investments | 5,958a | 4,530a |
Cash and cash equivalents | 6,229a | 4,306a |
Total investments and cash | 105,087a | 113,560a |
Assets | — | — |
Receivables | 779a | 848a |
Accrued investment income | 710a | 731a |
Deferred policy acquisition costs | 8,758a | 9,132a |
Property and equipment, at cost less accumulated depreciation | 387a | 445a |
Other | 1,845a | 2,008a |
Total assets | 117,566a | 126,724a |
Policy liabilities | — | — |
Future policy benefits | 70,381a | 83,718a |
Unpaid policy claims | 381a | 261a |
Unearned premiums | 1,286a | 1,451a |
Other policyholders’ funds | 5,460a | 6,169a |
Total policy liabilities | 77,508a | 91,599a |
Liabilities | — | — |
Income taxes | 573a | 154a |
Payables for return of cash collateral on loaned securities | 2,037a | 1,503a |
Notes payable and lease obligations | 7,498a | 7,364a |
Other | 3,852a | 4,119a |
Total liabilities | 91,468a | 104,739a |
Shareholders’ equity | — | — |
Common stock of $.10 par value | 136a | 136a |
Additional paid-in capital | 2,894a | 2,771a |
Retained earnings | 52,277a | 47,993a |
Accumulated other comprehensive income (loss) | — | — |
Unrealized foreign currency translation gains (losses) | -4,998a | -4,069a |
Unrealized gains (losses) on fixed maturity securities | 24a | 1,139a |
Unrealized gains (losses) on derivatives | -20a | -22a |
Effect of changes in discount rate assumptions | 2,006a | -2,560a |
Pension liability adjustment | 10a | -8a |
Treasury stock, at average cost | -26,231a | -23,395a |
Total shareholders’ equity | 26,098a | 21,985a |
Total liabilities and shareholders’ equity | 117,566a | 126,724a |
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