AFLAC Incorporated (AFL) financial statements (2023 and earlier)

Company profile

Business Address 1932 WYNNTON RD
COLUMBUS, GA 31999
State of Incorp. GA
Fiscal Year End December 31
SIC 6321 - Accident and Health Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,6546,4245,6985,3243,4914,8594,350
Cash and cash equivalents5,0515,1414,8964,3373,4914,8594,350
Short-term investments1,6031,283802987   
Receivables 3544    
Total current assets:6,6546,4595,7425,3243,4914,8594,350
Noncurrent Assets
Property, plant and equipment538601581443434433427
Intangible assets, net (including goodwill)268269     
Goodwill268269     
Total noncurrent assets:806870581443434433427
Other undisclosed assets150,082157,757146,445134,639133,292124,527113,519
TOTAL ASSETS:157,542165,086152,768140,406137,217129,819118,296
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities131  523176331902
Taxes payable131  523176331902
Total current liabilities:131  523176331902
Noncurrent Liabilities
Other undisclosed liabilities124,158131,527123,809116,421112,443109,00699,686
Total liabilities:124,289131,527123,809116,944112,619109,337100,588
Stockholders' equity
Stockholders' equity attributable to parent33,25333,55928,95923,46224,59820,48217,708
Common stock135135135135676767
Treasury stock, value(18,185)(15,904)(14,395)(12,789)(11,512)(10,172)(8,819)
Additional paid in capital2,5292,4102,3132,1772,1201,9761,828
Accumulated other comprehensive income7,3938,9346,6152,1514,0282,630625
Retained earnings41,38137,98434,29131,78829,89525,98124,007
Total stockholders' equity:33,25333,55928,95923,46224,59820,48217,708
TOTAL LIABILITIES AND EQUITY:157,542165,086152,768140,406137,217129,819118,296

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues22,10622,14722,30721,75821,66722,55920,872
Premiums earned, net17,64718,62218,78018,677
Net investment income3,8183,6383,5783,4423,2203,2783,135
Financial services revenue18,53119,22517,570
Cost of revenue(10,576)(13,010)(13,224)(13,245)(13,313)(14,060)(12,812)
Policyholder benefits and claims incurred, net(10,576)(11,796)(11,942)(12,000)
Financial services costs(12,181)(12,919)(11,746)
Gross profit:11,5309,1379,0838,5138,3548,4998,060
Operating expenses(6,208)(4,777)(4,451)(4,357)(4,149)(4,218)(3,959)
Other undisclosed operating income (loss)  (171)198(118)22(28)
Operating income:5,3224,3604,4614,3544,0874,3034,073
Nonoperating income (expense)468(270)(136)(504)(220)(151)(126)
Investment income, nonoperating468(270)(135)(430)(151)(123)140
Other nonoperating expense  (1)(74)(69)(28)(266)
Interest and debt expense(238)(242)(228)(222)(240)(268)(289)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(230)311348355391183204
Income from continuing operations before income taxes:5,3224,1594,4453,9834,0184,0673,862
Income tax expense (benefit)(997)619(1,141)(1,063)586(1,408)(1,329)
Net income available to common stockholders, diluted:4,3254,7783,3042,9204,6042,6592,533

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:4,3254,7783,3042,9204,6042,6592,533
Other comprehensive income (loss)(1,541)1,4714,464(2,103)1,3982,005(1,354)
Comprehensive income, net of tax, attributable to parent:2,7846,2497,7688176,0024,6641,179

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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