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NYSE · Financials

AFLAC INC (AFL)

As-reported financials and SEC filings for AFLAC INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About AFLAC INC

Aflac Inc provides supplemental health and life insurance products primarily in Japan and the United States. The company offers cancer, medical, nursing care, and life insurance policies designed to cover costs not reimbursed by primary insurance or national health systems. Aflac serves individual policyholders through various distribution channels including agents, brokers, and partnerships with organizations such as Dai-ichi Life and Japan Post Group.

Snapshot

Revenue
$17.16B
Revenue growth (YoY)
-9.3%
Net income
$3.65B
Diluted EPS
$6.82
Gross margin
Operating margin
Net margin
21.2%
FCF margin
ROE
12.4%
net income / fiscal-year-end equity
P/E
12.5×
trailing when available, otherwise FY EPS
Market cap
$58.17B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Aflac

  • Revenue fell 9.3% to $17.2B in FY2025, slower than the 1.2% the year before.
  • Most recent quarter Q2 FY2026: revenue $4.1B, down 1.0% from Q2 FY2025.
  • Net income fell 33.0% to $3.6B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Aflac’s fundamentals sit among the 425 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin21.2%
61st percentile of 377
Revenue growth (YoY)-9.3%
10th percentile of 420
ROE12.4%
66th percentile of 375
P/E12.5×
47th percentile of 318
Short interest5.26d
67th percentile of 420

Aflac’s revenue growth of -9.3% ranks in the 10th percentile of the 420 Financials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 57 insider sales totaling $62.9M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+6 quant / multi-strat
Initiated / added
5
0 new, 5 added
Reduced / exited
4
3 trimmed, 1 exited
Combined position
$492.5M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$157.2M1.3MAdded
AQR Capital ManagementquantQ2 2026$76.2M649.8KAdded
Renaissance TechnologiesquantQ2 2026$69.6M593.3KReduced
Millennium ManagementquantQ2 2026$62.9M536.7KAdded
Gotham Asset ManagementQ2 2026$56.7M483.9KAdded
Citadel AdvisorsquantQ2 2026$38.6M329.3KReduced
D. E. ShawquantQ2 2026$30.9M263.5KAdded
Bridgewater AssociatesQ2 2026$290,3112.5KReduced

No longer held by: Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
57
$62.9M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-28
filed 2026-09-01
Japan Post Holdings Co., Ltd.10% ownerSell13.0K$116.52$1.5M
2026-08-27
filed 2026-08-31
Japan Post Holdings Co., Ltd.10% ownerSell12.3K$116.65$1.4M
2026-08-27
filed 2026-08-31
Japan Post Holdings Co., Ltd.10% ownerSell440$117.25$52K
2026-08-26
filed 2026-08-28
Japan Post Holdings Co., Ltd.10% ownerSell13.2K$117.35$1.5M
2026-08-25
filed 2026-08-27
Japan Post Holdings Co., Ltd.10% ownerSell12.1K$116.44$1.4M
2026-08-25
filed 2026-08-27
Japan Post Holdings Co., Ltd.10% ownerSell634$117.37$74K
2026-08-24
filed 2026-08-26
Japan Post Holdings Co., Ltd.10% ownerSell7.8K$117.90$915K
2026-08-24
filed 2026-08-26
Japan Post Holdings Co., Ltd.10% ownerSell5.7K$118.18$678K
2026-08-21
filed 2026-08-25
Japan Post Holdings Co., Ltd.10% ownerSell12.8K$116.28$1.5M
2026-08-21
filed 2026-08-25
Japan Post Holdings Co., Ltd.10% ownerSell80$117.07$9K
2026-08-20
filed 2026-08-24
Japan Post Holdings Co., Ltd.10% ownerSell9.6K$116.45$1.1M
2026-08-20
filed 2026-08-24
Japan Post Holdings Co., Ltd.10% ownerSell3.5K$117.03$407K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
11.0M
settled 2026-08-14
Change vs prior
-10.9%
vs previous settlement
Days to cover
5.26
at avg daily volume
Avg daily volume
2.1M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1411.0M-10.9%5.26
2026-07-3112.3M-1.2%6.05
2026-07-1512.5M-0.7%7.40
2026-06-3012.6M+18.3%3.87
2026-06-1510.6M+17.1%4.07
2026-05-299.1M+4.9%3.17
2026-05-158.7M+5.1%4.22
2026-04-308.2M+1.2%3.38

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$17.16B$18.93B$18.70B$19.14B$21.55B
Gross profit
Operating income$4.16B$4.93B
Net income$3.65B$5.44B$4.66B$4.42B$4.23B
Diluted EPS$6.82$9.63$7.78$6.93$6.25

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$6.25B$6.23B$4.31B$3.94B$5.05B
Current assets
Total assets$116.47B$117.57B$126.72B$131.74B$157.54B
Current liabilities
Long-term debt
Total liabilities$86.98B$91.47B$104.74B$111.60B$124.29B
Total equity$29.49B$26.10B$21.98B$20.14B$17.03B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$2.56B$2.71B$3.19B$3.88B$5.05B
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$4.12B-1.0%$825.0M$1.63
Q1 FY2026$4.35B27.9%$1.02B$1.98
Q4 FY2025$4.87B-9.9%$1.38B$2.64
Q3 FY2025$4.74B60.7%$1.64B$3.08
Q2 FY2025$4.16B-19.0%$599.0M$1.11
Q1 FY2025$3.40B-37.5%$29.0M$0.05
Q4 FY2024$5.40B43.0%$1.90B$3.42
Q3 FY2024$2.95B-40.4%$-93.0M$-0.17

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryAccident & Health Insurance
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2017
SEC CIK4977

Selected SEC filings

10-K2026-02-25
View on EDGAR →
10-K2025-02-26
View on EDGAR →
10-Q2026-08-07
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
10-Q2025-11-05
View on EDGAR →
10-Q2025-08-05
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-06-30
View on EDGAR →

Largest Financials peers

All Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.