Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing care income support, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan. The Aflac U.S. segment provides cancer, accident, short-term disability, critical illness, hospital indemnity, dental, vision, long-term care and disability, and term and whole life insurance products in the United States. It sells its products through sales associates, brokers, independent corporate agencies, individual agencies, and affiliated corporate agencies. The company was founded in 1955 and is based in Columbus, Georgia.

Aflac Incorporated

Fixed Maturity Securities Available-for-Sale, at Fair Value

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Fixed Maturity Securities Available-for-Sale, at Fair Value Common Size

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Perpetual Securities

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Equity Securities

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Equity Securities Common Size

Fixed Maturity Securities Available-for-Sale Consolidated Variable Interest Entities, at Fair Value

Fixed Maturity Securities Available-for-Sale Consolidated Variable Interest Entities, at Fair Value %Chg

Fixed Maturity Securities Available-for-Sale Consolidated Variable Interest Entities, at Fair Value Common Size

Fixed Maturity Securities Held-to-Maturity, at Amortized Cost, Net

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Fixed Maturity Securities Held-to-Maturity, at Amortized Cost, Net Common Size

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Equity Securities - Consolidated Variable Interest Entities Common Size

Equity Securities, at Fair Value

Equity Securities, at Fair Value %Chg

Equity Securities, at Fair Value Common Size

Commercial Mortgage and Other Loans, Net

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Commercial Mortgage and Other Loans, Net Common Size

Other Investments

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Receivables

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Accrued Investment Income

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Accrued Investment Income Common Size

Deferred Policy Acquisition Costs

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Deferred Policy Acquisition Costs Common Size

Property and Equipment, at Cost Less Accumulated Depreciation

Property and Equipment, at Cost Less Accumulated Depreciation %Chg

Property and Equipment, at Cost Less Accumulated Depreciation Common Size

Other

Other %Chg

Other Common Size

Total Assets

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Total Assets Common Size

Future Policy Benefits

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Future Policy Benefits Common Size

Unpaid Policy Claims

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Unpaid Policy Claims Common Size

Unearned Premiums

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Unearned Premiums Common Size

Other Policyholders' Funds

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Other Policyholders' Funds Common Size

Total Policy Liabilities

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Total Policy Liabilities Common Size

Notes Payable and Lease Obligations

Notes Payable and Lease Obligations %Chg

Notes Payable and Lease Obligations Common Size

Income Taxes

Income Taxes %Chg

Income Taxes Common Size

Payables for Return of Cash Collateral on Loaned Securities

Payables for Return of Cash Collateral on Loaned Securities %Chg

Payables for Return of Cash Collateral on Loaned Securities Common Size

Total Liabilities

Total Liabilities %Chg

Total Liabilities Common Size

Common Stock

Debt Securities

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Debt Securities Common Size

Equity and Preferred Securities

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Total Investments

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Deferred Acquisition Costs

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Other Receivables

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Net Property, Plant & Equipment

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Other Assets

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Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Gross Profit

Adjusted Net Income

Net Revenue

Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Assets	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Debt Securities	84,231	86,313	84,032	81,235	89,990	81,944
Fixed Maturity Securities Available-for-Sale, at Fair Value
Fixed Maturities - Consolidated Variable Interest Entities
Perpetual Securities
Perpetual Securities - Consolidated Variable Interest Entities
Perpetual Securities - Consolidated Variable Interest Entities
Fixed Maturity Securities Available-for-Sale Consolidated Variable Interest Entities, at Fair Value
Fixed Maturity Securities Held-to-Maturity, at Amortized Cost, Net
Fixed Maturities - Consolidated Variable Interest Entities
Equity and Preferred Securities	885	882	764	796	808	728
Equity Securities
Equity Securities
Equity Securities - Consolidated Variable Interest Entities
Equity Securities, at Fair Value
Other Investments	17,632	17,609	17,419	16,827	19,191	18,897
Commercial Mortgage and Other Loans, Net
Other Investments
Other Investments
Total Investments	102,748	104,804	102,215	98,858	109,989	101,569
Cash and Cash Equivalents	6,768	6,965	5,231	6,229	5,612	6,060
Cash and Cash Equivalents
Deferred Acquisition Costs	9,216	9,296	9,083	8,758	9,232	8,550
Deferred Policy Acquisition Costs
Other Receivables	1,554	1,626	682	1,489	1,510	1,606
Receivables
Accrued Investment Income
Net Property, Plant & Equipment	367	390	391	387	421	398
Property and Equipment, at Cost Less Accumulated Depreciation
Other Assets	1,653	1,655	1,762	1,845	1,678	1,985
Other
Total Assets	122,306	124,736	120,258	117,566	128,442	120,168
Total Assets

Liabilities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Unearned Premiums	1,349	1,377	1,357	1,286	1,406	1,216
Unearned Premiums
Claims Reserves	73,388	77,527	77,471	76,222	86,148	76,137
Future Policy Benefits
Unpaid Policy Claims
Other Policyholders' Funds
Total Debt	8,685	8,933	7,751	7,498	7,978	7,430
Notes Payable and Lease Obligations
Other Liabilities	10,196	9,699	7,341	6,462	8,080	9,338
Other
Income Taxes
Payables for Return of Cash Collateral on Loaned Securities
Total Liabilities	93,618	97,536	93,920	91,468	103,612	94,121
Total Liabilities

Equity	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Common Stock	136	136	136	136	136	136
Common Stock
Treasury Stock	-29,001	-27,998	-27,166	-26,231	-25,477	-24,977
Treasury Stock, at Average Cost
Additional Paid-in Capital	2,977	2,958	2,919	2,894	2,876	2,835
Additional Paid-in Capital
Accumulated Other Comprehensive Income	653	-491	-1,859	-2,978	-3,677	-3,292
Unrealized Foreign Currency Translation Gains (Losses)
Unrealized Gains (Losses) on Fixed Maturity Securities
Unrealized Gains (Losses) on Derivatives
Effect of Changes in Discount Rate Assumptions
Pension Liability Adjustment
Retained Earnings	53,923	52,595	52,308	52,277	50,972	51,345
Retained Earnings
Total Common Shareholders' Equity	28,688	27,200	26,338	26,098	24,830	26,047
Total Shareholders' Equity	28,688	27,200	26,338	26,098	24,830	26,047
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity	122,306	124,736	120,258	117,566	128,442	120,168
Total Liabilities and Shareholders' Equity