Aflac Incorporated (AFL) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,0465,3243,4914,8594,3504,6582,543
Cash and cash equivalents4,2164,3373,4914,8594,3504,6582,543
Short-term investments830987     
Deferred tax assets     (954)
Total current assets:5,0465,3243,4914,8594,3504,6581,589
Noncurrent Assets
Property, plant and equipment562443434433427429481
Deferred tax assets, net    (4,350)(2,764)
Total noncurrent assets:562443434433427(3,921)(2,283)
Other undisclosed assets148,529134,639133,292124,527113,519119,030122,001
TOTAL ASSETS:154,137140,406137,217129,819118,296119,767121,307
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 523176331902  
Taxes payable 523176331902  
Deferred tax liabilities    943 
Total current liabilities: 523176331902943 
Noncurrent Liabilities
Other undisclosed liabilities124,699116,421112,443109,00699,686100,477106,687
Total liabilities:124,699116,944112,619109,337100,588101,420106,687
Stockholders' equity
Stockholders' equity attributable to parent29,43823,46224,59820,48217,70818,34714,620
Common stock1351356767676767
Treasury stock, value(13,935)(12,789)(11,512)(10,172)(8,819)(7,566)(6,413)
Additional paid in capital2,2772,1772,1201,9761,8281,7111,644
Accumulated other comprehensive income (loss)7,2512,1514,0282,6306251,979(563)
Retained earnings33,71031,78829,89525,98124,00722,15619,885
Total stockholders' equity:29,43823,46224,59820,48217,70818,34714,620
TOTAL LIABILITIES AND EQUITY:154,137140,406137,217129,819118,296119,767121,307

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues21,83021,75821,66722,55920,87222,72823,939
Premiums earned, net18,69918,677
Net investment income3,5653,4423,2203,2783,1353,3193,293
Financial services revenue18,53119,22517,57019,07220,145
Cost of revenue(13,162)(13,245)(13,313)(14,060)(12,812)(14,045)(13,813)
Policyholder benefits and claims incurred, net(11,883)(12,000)
Financial services costs(12,181)(12,919)(11,746)(12,937)(13,813)
Gross profit:8,6688,5138,3548,4998,0608,68310,126
Operating expenses(4,378)(4,357)(4,149)(4,218)(3,959)(3,930)(2,484)
Other undisclosed operating income (loss)193198(118)22(28)(500)(3,243)
Operating income:4,4834,3544,0874,3034,0734,2534,399
Nonoperating income (expense)(503)(504)(220)(151)(126)233339
Investment income, nonoperating(502)(430)(151)(123)140166311
Other nonoperating income (expense)(1)(74)(69)(28)(266)6728
Interest and debt expense(230)(222)(240)(268)(289)(317)(293)
Other undisclosed income from continuing operations before equity method investments, income taxes359355391183204322371
Income from continuing operations before income taxes:4,1093,9834,0184,0673,8624,4914,816
Income tax expense (benefit)(1,062)(1,063)586(1,408)(1,329)(1,540)(1,658)
Net income available to common stockholders, diluted:3,0472,9204,6042,6592,5332,9513,158

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:3,0472,9204,6042,6592,5332,9513,158
Other comprehensive income (loss)5,342(2,103)1,3982,005(1,354)2,542(3,278)
Comprehensive income (loss), net of tax, attributable to parent:8,3898176,0024,6641,1795,493(120)

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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