Aflac income statement
In fiscal 2025, Aflac reported revenue of $17.16bn, down 9.3% on the year before and net income of $3.65bn, or $6.82 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 18.3 | 20.7 | 22.2 | 25.4 | 23.9 | 22.7 | 20.9 | 22.6 | 21.7 | 21.8 | 22.3 | 22.1 | 21.6 | 19.1 | 18.7 | 18.9 | 17.2 | 18.1 |
| Selling, general and administrative | 2.0 | 2.2 | 2.3 | 2.4 | 2.2 | 2.3 | 2.6 | 2.8 | 2.8 | 3.0 | 3.1 | 3.4 | 3.5 | 3.2 | 3.2 | 3.0 | 3.3 | 3.2 |
| Operating income | 3.4 | 4.0 | 4.5 | 4.7 | 4.4 | 4.3 | 4.0 | 4.1 | 4.1 | 4.4 | 4.5 | 4.4 | 4.9 | 4.2 | — | — | — | — |
| Interest expense | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.0 | 0.1 | 0.3 | 0.2 | 0.2 |
| Income before tax | 2.2 | 3.6 | 3.0 | 4.3 | 4.8 | 4.5 | 3.9 | 4.1 | 4.0 | 4.0 | 4.4 | 4.2 | 5.2 | 4.9 | 5.3 | 6.4 | 4.5 | 5.8 |
| Income tax | 0.7 | 1.2 | 1.0 | 1.4 | 1.7 | 1.5 | 1.3 | 1.4 | −0.6 | 1.1 | 1.1 | −0.6 | 1.0 | 0.5 | 0.6 | 1.0 | 0.9 | 0.9 |
| Net income | 1.5 | 2.3 | 1.9 | 2.9 | 3.2 | 3.0 | 2.5 | 2.7 | 4.6 | 2.9 | 3.3 | 4.8 | 4.2 | 4.4 | 4.7 | 5.4 | 3.6 | 4.9 |
| Diluted EPS | $1.59 | $2.46 | $2.06 | $3.06 | $3.38 | $3.25 | $2.92 | $3.21 | $5.77 | $3.77 | $4.43 | $6.67 | $6.25 | $6.93 | $7.78 | $9.63 | $6.82 | $9.37 |
| Diluted shares (average) | 938m | 946m | 939m | 939m | 935m | 908m | 866m | 828m | 798m | 775m | 746m | 716m | 677m | 638m | 599m | 565m | 535m | 519m |
| EBITDA | 3.5 | 4.1 | 4.6 | 4.7 | 4.5 | 4.3 | 4.1 | 4.2 | 4.1 | 4.4 | 4.5 | 4.5 | 5.0 | 4.2 | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,949 | 5,403 | 3,398 | 4,160 | 4,740 | 4,866 | 4,346 | 4,117 |
| Selling, general and administrative | 747 | 835 | 802 | 804 | 781 | 866 | 771 | 749 |
| Interest expense | 49 | 49 | 49 | 51 | 56 | 60 | 59 | 63 |
| Provision for credit losses | 141 | 95 | 55 | 58 | 53 | 25 | 61 | 77 |
| Income before tax | 92 | 2,135 | 145 | 822 | 1,994 | 1,572 | 1,225 | 995 |
| Income tax | 185 | 233 | 116 | 223 | 355 | 193 | 206 | 170 |
| Net income | −93 | 1,902 | 29 | 599 | 1,639 | 1,379 | 1,019 | 825 |
| Diluted EPS | −$0.17 | $3.40 | $0.05 | $1.11 | $3.08 | $2.61 | $1.98 | $1.63 |
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