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Aflac Incorporated logo
Aflac Incorporated AFL
$ 127.03 1.4%
report update icon

Quarterly report 2026-Q3
added 11-05-2026

Aflac Incorporated Income Statement 2025-2006 | AFL

Brief overview of income trends at Aflac Incorporated

The conclusions below are based on five years of reported results. Aflac Incorporated reported revenue of $22.1 billion in 2020 and $17.2 billion by 2025. Across the full period, sales moved by −22.4%; the average annual rate was −4.9%. The decline points to a contraction in the scale of the business.

Net profit was 4.8 billion dollars at the start and 3.6 billion dollars at the end. Lower net income weakens the overall financial picture.

The market value of the business moved from $32.2 billion to $59.8 billion, or +86%. The higher valuation contrasts with weaker financial performance.

Overall conclusion

Positive developments coexist with areas of weakness. The weaker side of the profile includes a softer top-line trend and declining net profitability. Further direction will depend on top-line growth, operating profitability, and net income.

Annual Income Statement Aflac Incorporated

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006

Market Cap

59.8 B 59.6 B 47.6 B 50.7 B 40.6 B 32.2 B 39.4 B 36.5 B 35.1 B 28.9 B 25 B 25.8 B 29.4 B 24.5 B 22.6 B 10.1 B 8.46 B 15.6 B 12.9 B -

Shares

533 M 562 M 596 M 635 M 674 M 712 M 742 M 770 M 792 M 823 M 861 M 902 M 929 M 934 M 933 M 469 M 467 M 473 M 488 M -

Historical Prices

112 106 79.8 79.8 60.3 46.1 40.1 45.1 39.9 31.7 25.5 26 26.1 19.8 18.2 21.6 18.1 33 26.5 23.6

Net Income

3.65 B 5.44 B 4.66 B 4.42 B 4.23 B 4.78 B 3.3 B 2.92 B 4.6 B 2.66 B 2.53 B 2.95 B 3.16 B 2.87 B 1.96 B 2.33 B 1.5 B 1.25 B 1.63 B -

Revenue

17.2 B 18.9 B 18.7 B 19.1 B 21.6 B 22.1 B 22.2 B 21.7 B 21.6 B 22.4 B 20.8 B 22.6 B 23.8 B 25.3 B 22.2 B 20.7 B 18.3 B 16.6 B 15.4 B -

Gross Profit

- - - - - 22.1 B - - - - - - - - - - - - - -

Operating Income

- - - 4.16 B - 4.42 B 4.46 B 4.35 B 4.09 B 4.12 B 4 B 4.25 B 4.4 B 4.66 B 4.5 B 3.98 B 3.44 B - - -

Interest Expense

- - 195 M 226 M 238 M 242 M 228 M 222 M 240 M 268 M 289 M 317 M 293 M 261 M 196 M 149 M 72 M 29 M 27 M -

EBITDA

36 M 40 M 39 M 4.2 B 45 M 1.31 B - - - - - - - - - 4.06 B 3.52 B 74 M - -

Operating Expenses

5.34 B 5.06 B 5.23 B 5.38 B 5.87 B 498 M 17.9 B 17.8 B 17.6 B 18.5 B 17 B 18.2 B 19.1 B 21.1 B 19.2 B - - - - -

General and Administrative Expenses

3.25 B 3.01 B 3.16 B 3.25 B 3.54 B - - - - - - - - - 2.22 B 2.16 B 1.98 B 1.74 B 1.49 B -

All numbers in USD currency

Quarterly Income Statement Aflac Incorporated

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2010-Q3 2010-Q2 2010-Q1 2009-Q4 2009-Q3 2009-Q2

Shares

497 M 504 M 513 M - 530 M 537 M 545 M - 558 M 565 M 575 M - 591 M 601 M 611 M - 629 M 641 M 650 M 652 M 669 M 678 M 689 M 692 M 712 M 718 M 724 M 727 M 740 M 745 M 751 M 755 M 767 M 773 M 779 M 781 M 789 M 793 M 802 M 812 M 409 M 412 M 419 M 424 M 429 M 432 M 437 M 442 M 451 M 453 M 455 M 459 M 464 M 465 M 466 M 468 M 467 M 467 M 466 M 466 M 466 M 466 M 468 M - 470 M 469 M 468 M - 467 M 466 M

Net Income

303 M 825 M 1.02 B - 1.64 B 599 M 29 M - -93 M 1.76 B 1.88 B 268 M 1.57 B 1.63 B 1.19 B 196 M 1.78 B 1.39 B 1.05 B - 888 M 1.1 B 1.29 B 951 M 2.46 B 805 M 566 M 782 M 777 M 817 M 928 M 525 M 845 M 832 M 717 M 2.58 B 716 M 713 M 592 M 751 M 629 M 548 M 731 M 730 M 567 M 573 M 663 M 703 M 706 M 810 M 732 M 675 M 702 M 889 M 892 M 581 M 1.02 B 483 M 785 M 538 M 736 M 274 M 389 M 437 M 690 M 581 M 636 M 251 M 363 M 314 M

Revenue

3.27 B 4.12 B 4.35 B - 4.74 B 4.16 B 3.4 B - 2.95 B 5.14 B 5.44 B 3.78 B 4.95 B 5.17 B 4.8 B 3.95 B 4.7 B 5.32 B 5.17 B - 5.24 B 5.56 B 5.87 B 5.91 B 5.66 B 5.41 B 5.16 B 5.6 B 5.54 B 5.51 B 5.66 B 5.13 B 5.58 B 5.59 B 5.46 B 5.42 B 5.51 B 5.43 B 5.31 B 5.96 B 5.72 B 5.44 B 5.45 B 5.32 B 5.04 B 5.29 B 5.23 B 5.51 B 5.74 B 5.84 B 5.64 B 5.8 B 5.89 B 6.04 B 6.21 B 6.38 B 6.85 B 5.9 B 6.24 B 5.98 B 5.99 B 5.09 B 5.12 B 5.29 B 5.39 B 4.98 B 5.06 B 4.6 B 4.53 B 4.31 B

Operating Income

- - - - - - - - - - - - 1.3 B 1.14 B 1.13 B - 1.11 B 1.14 B 1.16 B - 1.29 B 1.34 B 1.31 B - 1.04 B 1.24 B 1.18 B - 1.16 B 1.14 B 1.14 B - 1.06 B 1.14 B 1.11 B - 1.01 B 1.07 B 1.03 B - 1.09 B 1.04 B 1.08 B - 1.03 B 995 M 1.04 B - 1.04 B 1.16 B 1.17 B - 1.05 B 1.16 B 1.2 B - 1.19 B 1.16 B 1.25 B - 1.18 B 1.11 B 1.17 B - - - - - - -

Interest Expense

- - - - - - - - - 50 M 47 M - 49 M 51 M 48 M - 59 M 55 M 56 M - 57 M 62 M 62 M - 63 M 63 M 55 M - 57 M 57 M 58 M - 53 M 54 M 56 M - 59 M 61 M 62 M - 65 M 66 M 65 M - 67 M 74 M 83 M - 77 M 81 M 80 M - 71 M 69 M 71 M - 67 M 62 M 57 M - 52 M 46 M 45 M - 39 M 33 M 33 M - 25 M 14 M

EBITDA

- - - - - - - - - - - - - - - - 1.11 B 1.14 B 1.16 B - 1.29 B 1.34 B 1.31 B - 1.04 B 1.24 B 1.18 B - 1.16 B 1.14 B 1.14 B - 1.06 B 1.14 B 1.11 B - 1.01 B 1.07 B 1.03 B - 1.09 B 1.04 B 1.08 B - 1.03 B 995 M 1.04 B - 1.04 B 1.16 B 1.17 B - 1.05 B 1.16 B 1.2 B - 1.19 B 1.16 B 1.25 B - 1.18 B 1.11 B 1.17 B - - - - - - -

Operating Expenses

1.33 B 1.27 B 1.29 B - 1.31 B 1.33 B 1.31 B - 1.26 B 1.2 B 1.26 B - 1.28 B 1.25 B 1.31 B - 1.3 B 1.33 B 1.4 B - - - 1.53 B - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

General and Administrative Expenses

805 M 749 M 771 M - 781 M 804 M 802 M - 747 M 694 M 739 M - 785 M 728 M 775 M - 779 M 802 M 833 M - 869 M 881 M 832 M - 847 M 756 M 779 M - 769 M 743 M 719 M - 730 M 732 M 733 M - 686 M 665 M 675 M - 675 M 654 M 563 M - 554 M 550 M 530 M - 566 M 537 M 534 M - 568 M 529 M 534 M - 595 M 587 M 564 M - 579 M 565 M 534 M - 505 M 508 M 481 M - 487 M 462 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Aflac Incorporated (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

Reports on the profits and losses of other stocks in the Insurance life industry

Issuer Price % 24h Market Cap Country
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Globe Life Globe Life
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Unum Group Unum Group
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Genworth Financial Genworth Financial
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National Western Life Group National Western Life Group
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Brighthouse Financial Brighthouse Financial
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GWG Holdings, Inc. GWG Holdings, Inc.
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CNO Financial Group CNO Financial Group
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Atlantic American Corporation Atlantic American Corporation
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China Life Insurance Company Limited China Life Insurance Company Limited
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- -0.77 % $ 101 B chinaChina
Manulife Financial Corporation Manulife Financial Corporation
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$ 44.33 0.24 % $ 75.5 B canadaCanada
Lincoln National Corporation Lincoln National Corporation
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$ 42.77 -0.49 % $ 7.81 B usaUSA
Primerica Primerica
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FBL Financial Group, Inc. FBL Financial Group, Inc.
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