AFLAC INC
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
AFL$124.06-1.7%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| (In millions, except for share and per-share amounts) | September 30,2026(Unaudited) | December 31,2025 |
|---|---|---|
| Assets: | ||
| Investments and cash: | ||
| Fixed maturity securities available-for-sale, at fair value (no allowance for credit losses in 2026 and 2025, amortized cost $62,419 in 2026 and $62,444 in 2025) | $56,949 | $60,485 |
| Fixed maturity securities available-for-sale - consolidated variable interest entities, at fair value (amortized cost $3,462 in 2026 and $2,819 in 2025) | 3,966 | 3,636 |
| Fixed maturity securities held-to-maturity, at amortized cost, net of allowance for credit losses of $4 in 2026 and $5 in 2025 (fair value $14,329 in 2026 and $15,476 in 2025) | 15,999 | 16,120 |
| Equity securities, at fair value | 986 | 887 |
| Commercial mortgage and other loans, net of allowance for credit losses of $607 in 2026 and $426 in 2025 (includes $7,123 in 2026 and $7,896 in 2025 of consolidated variable interest entities) | 8,857 | 9,765 |
| Other investments (includes $2,348 in 2026 and $2,320 in 2025 of consolidated variable interest entities) | 8,053 | 6,622 |
| Cash and cash equivalents | 5,623 | 6,245 |
| Total investments and cash | 100,433 | 103,760 |
| Receivables | 833 | 835 |
| Accrued investment income | 706 | 718 |
| Deferred policy acquisition costs | 9,186 | 9,034 |
| Property and equipment, at cost less accumulated depreciation | 356 | 351 |
| Other | 1,997 | 1,772 |
| Total assets | $113,511 | $116,470 |
| Liabilities and shareholders’ equity: | ||
| Liabilities: | ||
| Policy liabilities: | ||
| Future policy benefits | $55,983 | $62,320 |
| Unpaid policy claims | 590 | 495 |
| Unearned premiums | 1,498 | 1,323 |
| Other policyholders’ funds | 5,446 | 5,445 |
| Total policy liabilities | 63,517 | 69,583 |
| Income taxes | 1,783 | 1,368 |
| Payables under securities lending and repurchase agreements | 6,874 | 3,989 |
| Notes payable and lease obligations | 8,900 | 8,409 |
| Other | 3,154 | 3,631 |
| Total liabilities | 84,228 | 86,980 |
| Commitments and contingent liabilities (Note 14) | ||
| Shareholders’ equity: | ||
| Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in 2026 and 2025; issued 1,358,849 shares in 2026 and 1,357,909 shares in 2025 | 136 | 136 |
| Additional paid-in capital | 3,153 | 3,024 |
| Retained earnings | 56,215 | 54,682 |
| Accumulated other comprehensive income (loss): | ||
| Unrealized foreign currency translation gains (losses) | (4,925) | (4,847) |
| Unrealized gains (losses) on fixed maturity securities | (4,995) | (1,809) |
| Unrealized gains (losses) on derivatives | (16) | (13) |
| Effect of changes in discount rate assumptions | 12,264 | 8,035 |
| Pension liability adjustment | 85 | 86 |
| Treasury stock, at average cost | (32,634) | (29,804) |
| Total shareholders’ equity | 29,283 | 29,490 |
| Total liabilities and shareholders’ equity | $113,511 | $116,470 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.