Aflac Inc (AFL)
Aflac Inc brought in $16.6B of revenue over the twelve months to September 30, 2026, down 6.2% from a year earlier. Net income was $3.5B, a net margin of 21.2%. At September 30, 2026 it held $5.6B in cash against $8.9B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Aflac Inc
- Net worth
- Aflac Inc has a market value (market cap) of $63.9B at the latest share price, and shareholders' equity of $29.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $17.2B (-9.3% year on year), with net income of $3.6B. Over the 12 months to September 30, 2026: revenue $16.6B, net income $3.5B.
- Cash flow
- In fiscal 2025 operations brought in $2.6B of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Aflac Inc's next report is expected around February 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Aflac Inc declared dividends of $2.35 per share in fiscal 2025, a yield of 1.84% at the current price.
What Aflac Inc does
Aflac provides supplemental health and life insurance policies to individuals and employer groups in the United States and Japan. Its products include coverage for cancer care, accidents, short-term disability, and hospital stays, paying cash benefits directly to policyholders to help cover medical and living expenses. Its shares trade on NYSE under the ticker AFL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $17.2B | $3.6B | $6.82 | n/a |
| 2024 | $18.9B | $5.4B | $9.63 | n/a |
| 2023 | $18.7B | $4.7B | $7.78 | n/a |
| 2022 | $19.1B | $4.4B | $6.93 | n/a |
| 2021 | $21.6B | $4.2B | $6.25 | n/a |
| 2020 | $22.1B | $4.8B | $6.67 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where AFL ranks in Finance
Dividends
Aflac Inc declared $2.35 per share in fiscal 2025. At the current price that is a yield of 1.84%. It paid out $1.2B in cash dividends, 33% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.35 | $1.2B | 33% |
| 2024 | $2.08 | $1.1B | 20% |
| 2023 | $1.76 | $966M | 21% |
| 2022 | $1.62 | $979M | 22% |
| 2021 | $1.32 | $855M | 20% |
| 2020 | $1.12 | $769M | 16% |
Latest SEC filings
What Aflac Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Form 13F-HR filing 13F-HR
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 31% to $3.3B versus the same quarter last year; diluted EPS $0.61 versus $3.08.
- November 4, 2026
- August 20, 2026Form N-PX filing N-PX
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 7, 2026Form 13F-HR filing 13F-HR
- August 7, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 1% to $4.1B versus the same quarter last year; diluted EPS $1.63 versus $1.11.
- August 6, 2026
- June 30, 2026Other event 8-K
- June 24, 2026
Insider trades
What the people running Aflac Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $89.2M worth of shares in the last 90 days and bought none on the open market. Most of the selling (98%) was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 15, 2026 | Japan Post Holdings Co., Ltd.10% owner | Soldpre-planned (10b5-1), indirect | 88,114 | $10.4M |
| October 15, 2026 | Japan Post Holdings Co., Ltd.10% owner | Soldpre-planned (10b5-1), indirect | 19,122 | $2.3M |
| October 15, 2026 | Japan Post Holdings Co., Ltd.10% owner | Soldpre-planned (10b5-1), indirect | 6,375 | $767K |
| October 14, 2026 | Japan Post Holdings Co., Ltd.10% owner | Soldpre-planned (10b5-1), indirect | 6,305 | $734.8K |
| October 14, 2026 | Japan Post Holdings Co., Ltd.10% owner | Soldpre-planned (10b5-1), indirect | 19,046 | $2.2M |
| October 14, 2026 | Japan Post Holdings Co., Ltd.10% owner | Soldpre-planned (10b5-1), indirect | 29,649 | $3.5M |
| October 13, 2026 | Japan Post Holdings Co., Ltd.10% owner | Soldpre-planned (10b5-1), indirect | 41,660 | $4.8M |
| October 13, 2026 | Japan Post Holdings Co., Ltd.10% owner | Soldpre-planned (10b5-1), indirect | 340 | $39.8K |
Who owns AFL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Japan Post Holdings Co., Ltd.13G, passive with 4 related filers | 10.15% | August 14, 2026 |
| Vanguard Capital Management13G, passive | 6.8% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,692 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Japan Post Holdings Co., Ltd. | 50,898,490 | -1,076,010 |
| BlackRock, Inc. | 34,915,032 | -1,290,259 |
| Vanguard Capital Management LLC | 29,902,916 | -351,487 |
| Vanguard Portfolio Management LLC | 24,356,406 | +6,113,842 |
| State Street Corp | 23,513,644 | -86,826 |
| Geode Capital Management, LLC | 10,600,232 | -117,032 |
| Wells Fargo & Company | 8,636,237 | -1,912,631 |
| Morgan Stanley | 8,040,706 | +139,262 |
| Northern Trust Corp | 6,282,869 | -267,968 |
| Goldman Sachs Group Inc | 5,324,201 | +1,192,763 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 5,201,217 | +1,132,091 |
| Dimensional Fund Advisors LP | 4,586,923 | +36,068 |
| Invesco Ltd. | 4,016,736 | -332,487 |
| Legal & General Group Plc | 3,451,076 | -359,938 |
| Charles Schwab Investment Management Inc | 3,146,482 | -3,096 |
| Amundi | 2,821,525 | -446,684 |
| Jpmorgan Chase & Co | 2,706,452 | +23,362 |
| Norges Bank | 2,758,685 | new |
| First Trust Advisors LP | 2,638,108 | -546,693 |
| Vanguard Fiduciary Trust Co | 2,571,839 | -54,577 |
Insiders
21 insiders reported holding 51,738,957 shares in total, about $6.6B at the last price.
| Holder | Shares |
|---|---|
| Japan Post Holdings Co., Ltd.10% owner | 50,134,32950,134,329 held indirectly |
| Amos Daniel PChairman of the Board, CEO, Director | 687,4001,552 held indirectly |
| Tillman Audrey BSr. Executive Vice President | 257,619 |
| Broden MaxSr. EVP, CFO | 147,759383 held indirectly |
| Koide MasatoshiPres. and Rep. Director, ALIJ | 76,422 |
| Bowers William PDirector | 75,666 |
| Lake Charles D IIChairman & Rep. Director, ALIJ | 50,737 |
| Lloyd KaroleDirector | 50,540 |
| Dyslin Bradley EugeneExecutive Vice President | 44,677 |
| Beaver Steven KentEVP, CFO Aflac Japan | 40,537 |
Questions about AFL
What does Aflac Inc do?
Aflac provides supplemental health and life insurance policies to individuals and employer groups in the United States and Japan. Its products include coverage for cancer care, accidents, short-term disability, and hospital stays, paying cash benefits directly to policyholders to help cover medical and living expenses. Its shares trade on NYSE under the ticker AFL.
What is Aflac Inc's net worth?
Aflac Inc has a market value (market cap) of $63.9B at the latest share price, and shareholders' equity of $29.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Aflac Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $3.5B on revenue of $16.6B, a net margin of 21.2%.
How much revenue does Aflac Inc make?
Over the twelve months to September 30, 2026 Aflac Inc reported revenue of $16.6B. That is 6.2% less than a year earlier.
When did Aflac Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the planned insider sale from November 9, 2026.
When is Aflac Inc's next earnings report?
Aflac Inc's next report is expected around February 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Aflac Inc pay a dividend?
Yes. Aflac Inc declared dividends of $2.35 per share in fiscal 2025, a yield of 1.84% at the current price.
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Where the numbers come from
Financial figures are the values Aflac Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.