Aflac Incorporated
Financial Performance
Aflac Revenue & Financials
Revenue
$17.2B (FY2025)
Market Cap
$58.4B
Net Income
$3.6B
Employees
12,716
What is Aflac's revenue?
Aflac had $17.2B in revenue for fiscal year 2025, down 9.3% from 2024. Net income was $3.6B.
- Latest revenue
- $17.2B (FY2025)
- Year-over-year
- -9.3%
- Growth rate (CAGR)
- -3% over 9 years
- Peak revenue
- $22.6B (FY2016)
- Years of data
- 10
- Employees
- 12,716
Financial Analysis
Aflac reported FY2025 total revenues of $17.164 billion and net earnings of $3.646 billion. Results are affected by insurance premiums, benefits and claims, investment income and gains or losses, and translation of yen-denominated results into U.S. dollars. Aflac is the largest provider of supplemental insurance in the United States, sustaining a strong market valuation typically around $40 billion.
Revenue Trend Analysis
YoY Change
-9.3%
9-Year CAGR
-3%
Peak Year
2016
Trend
Declining Trend
Aflac Incorporated has 10 full fiscal year figures on this page, compounding at -3% annually over 9 years. The most recent year saw a 9.3% decline versus the prior year. Annual revenue peaked in fiscal year 2016 at $22.6B. Of 9 comparable year-over-year steps, 3 showed growth and 6 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $17.2B | — | $3.6B | -9.3% | Aflac 2025 Form 10-K Fiscal year ended December 31, 2025. |
| FY2024 | $18.9B | — | $5.4B | +1.2% | Aflac 2025 Form 10-K Fiscal year ended December 31, 2024. |
| FY2023 | $18.7B | — | $4.7B | -2.3% | Aflac 2025 Form 10-K Fiscal year ended December 31, 2023. |
| FY2022 | $19.1B | $4.2Bfiling | $4.4B | -11.2% | Aflac SEC company facts Fiscal year ended December 31, 2022. |
| FY2021 | $21.6B | $4.9Bfiling | $4.2B | -2.7% | Aflac SEC company facts Fiscal year ended December 31, 2021. |
| FY2020 | $22.1B | $4.4B | $4.8B | -0.7% | Aflac SEC company facts Fiscal year ended December 31, 2020. |
| FY2019 | $22.3B | $4.5B | $3.3B | +2.5% | Aflac SEC company facts Fiscal year ended December 31, 2019. |
| FY2018 | $21.8B | $4.4B | $2.9B | +0.4% | Aflac SEC company facts Fiscal year ended December 31, 2018. |
| FY2017 | $21.7B | $4.1B | $4.6B | -4.0% | Aflac SEC company facts Fiscal year ended December 31, 2017. |
| FY2016 | $22.6B | $4.1B | $2.7B | — | Aflac SEC company facts Fiscal year ended December 31, 2016. |
Click any row to see year details.
Aflac Incorporated balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $2.6B | $116.5B | $87B | $29.5B | Form 10-K |
| FY2024ended Dec 31, 2024 | $2.7B | $117.6B | $91.5B | $26.1B | Form 10-K |
| FY2023ended Dec 31, 2023 | $3.2B | $126.7B | $104.7B | $22B | Form 10-K |
| FY2022ended Dec 31, 2022 | $3.9B | $131.7B | $111.6B | $20.1B | Form 10-K |
| FY2021ended Dec 31, 2021 | $5.1B | $157.5B | $124.3B | $17B | Form 10-K |
| FY2020ended Dec 31, 2020 | $6B | $165.1B | $131.5B | $33.6B | Form 10-K |
| FY2019ended Dec 31, 2019 | $5.5B | $152.8B | $123.8B | $29B | Form 10-K |
| FY2018ended Dec 31, 2018 | $6B | $140.4B | $116.9B | $23.5B | Form 10-K |
| FY2017ended Dec 31, 2017 | $6.1B | $137.2B | $112.6B | $24.6B | Form 10-K |
| FY2016ended Dec 31, 2016 | $6B | $129.8B | $109.3B | $20.5B | Form 10-K |
Keep researching Aflac
Aflac Revenue and Financial FAQ
What was Aflac's FY2025 revenue?
Aflac reported $17.164 billion in total revenues for FY2025.
What was Aflac's FY2025 net income?
Aflac reported $3.646 billion in net earnings for FY2025.
Why can Aflac's revenue vary?
Premiums and investment income are recurring components, while investment gains or losses and yen-dollar translation can make reported results more volatile.
Does Aflac make more money in Japan or the US?
Historically, the vast majority of Aflac's total revenue and profits are generated in Japan, not the United States.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Aflac Revenue & Financials." CorpDigest, https://corpdigest.com/company/aflac/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Aflac reported $17.2B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/aflac/financials" target="_blank" rel="noopener">CorpDigest — Aflac financials</a></div>Related Financial Audits
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