$AFL
AFLAC INC
CIK:0000004977|SEC Filings
Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|||
| Revenues: | ||||||
| Net earned premiums, principally supplemental health insurance | [1] | $ 3,252 | $ 3,470 | $ 6,562 | $ 6,851 | |
| Net investment income | 984 | 1,081 | 1,940 | 2,036 | ||
| Net investment gains (losses) | (153) | (421) | (104) | (1,384) | ||
| Other income (loss) | 34 | 30 | 65 | 55 | ||
| Total revenues | 4,117 | 4,160 | 8,463 | 7,558 | ||
| Benefits and expenses: | ||||||
| Benefits and claims, excluding reserve remeasurement | 1,898 | 2,047 | 3,812 | 4,033 | ||
| Reserve remeasurement (gains) losses | (46) | (37) | (128) | (78) | ||
| Total benefits and claims, net | 1,852 | 2,010 | 3,684 | 3,955 | ||
| Acquisition and operating expenses: | ||||||
| Amortization of deferred policy acquisition costs | 218 | 221 | 439 | 437 | ||
| Insurance commissions | 239 | 251 | 476 | 491 | ||
| Insurance and other expenses | 749 | 804 | 1,520 | 1,606 | ||
| Interest expense | 64 | 52 | 124 | 102 | ||
| Total acquisition and operating expenses | 1,270 | 1,328 | 2,559 | 2,636 | ||
| Total benefits and expenses | 3,122 | 3,338 | 6,243 | 6,591 | ||
| Earnings before income taxes | 995 | 822 | 2,220 | 967 | ||
| Income taxes | 170 | 223 | 376 | 339 | ||
| Net earnings | $ 825 | $ 599 | $ 1,844 | $ 628 | ||
| Net earnings per share: | ||||||
| Basic (in dollars per share) | $ 1.64 | $ 1.12 | $ 3.63 | $ 1.16 | ||
| Diluted (in dollars per share) | $ 1.63 | $ 1.11 | $ 3.61 | $ 1.16 | ||
| Weighted-average outstanding common shares used in computing earnings per share (In thousands): | ||||||
| Basic (in shares) | 504,123 | 536,688 | 508,572 | 540,676 | ||
| Diluted (in shares) | 505,578 | 538,425 | 510,150 | 542,629 | ||
| Cash dividends per share | $ 0.61 | $ 0.58 | $ 1.22 | $ 1.16 | ||
| ||||||