Aflac Incorporated (AFL) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,4245,6985,3243,4914,8594,3504,658
Cash and cash equivalents5,1414,8964,3373,4914,8594,3504,658
Short-term investments1,283802987    
Receivables3544     
Total current assets:6,4595,7425,3243,4914,8594,3504,658
Noncurrent Assets
Property, plant and equipment601581443434433427429
Intangible assets, net (including goodwill)269      
Goodwill269      
Deferred tax assets, net    (4,350)
Total noncurrent assets:870581443434433427(3,921)
Other undisclosed assets157,757146,445134,639133,292124,527113,519119,030
TOTAL ASSETS:165,086152,768140,406137,217129,819118,296119,767
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 liabilities131,527123,809116,421112,443109,00699,686100,477
Total liabilities:131,527123,809116,944112,619109,337100,588101,420
Stockholders' equity
Stockholders' equity attributable to parent33,55928,95923,46224,59820,48217,70818,347
Common stock13513513567676767
Treasury stock, value(15,904)(14,395)(12,789)(11,512)(10,172)(8,819)(7,566)
Additional paid in capital2,4102,3132,1772,1201,9761,8281,711
Accumulated other comprehensive income8,9346,6152,1514,0282,6306251,979
Retained earnings37,98434,29131,78829,89525,98124,00722,156
Total stockholders' equity:33,55928,95923,46224,59820,48217,70818,347
TOTAL LIABILITIES AND EQUITY:165,086152,768140,406137,217129,819118,296119,767

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues22,14722,30721,75821,66722,55920,87222,728
Premiums earned, net18,62218,78018,677
Net investment income3,6383,5783,4423,2203,2783,1353,319
Financial services revenue18,53119,22517,57019,072
Cost of revenue(13,010)(13,224)(13,245)(13,313)(14,060)(12,812)(14,045)
Policyholder benefits and claims incurred, net(11,796)(11,942)(12,000)
Financial services costs(12,181)(12,919)(11,746)(12,937)
Gross profit:9,1379,0838,5138,3548,4998,0608,683
Operating expenses(4,777)(4,451)(4,357)(4,149)(4,218)(3,959)(3,930)
Other undisclosed operating income (loss) (171)198(118)22(28)(500)
Operating income:4,3604,4614,3544,0874,3034,0734,253
Nonoperating income (expense)(270)(136)(504)(220)(151)(126)233
Investment income, nonoperating(270)(135)(430)(151)(123)140166
Other nonoperating income (expense) (1)(74)(69)(28)(266)67
Interest and debt expense(242)(228)(222)(240)(268)(289)(317)
Other undisclosed income from continuing operations before equity method investments, income taxes311348355391183204322
Income from continuing operations before income taxes:4,1594,4453,9834,0184,0673,8624,491
Income tax expense (benefit)619(1,141)(1,063)586(1,408)(1,329)(1,540)
Net income available to common stockholders, diluted:4,7783,3042,9204,6042,6592,5332,951

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:4,7783,3042,9204,6042,6592,5332,951
Other comprehensive income (loss)1,4714,464(2,103)1,3982,005(1,354)2,542
Comprehensive income, net of tax, attributable to parent:6,2497,7688176,0024,6641,1795,493

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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