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$126.64+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (In millions - Unaudited) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net earnings | $2,147 | $2,267 |
| Adjustments to reconcile net earnings to net cash provided (used) by operating activities: | ||
| Change in receivables | 10 | (28) |
| Capitalization of deferred policy acquisition costs | (836) | (796) |
| Amortization of deferred policy acquisition costs | 659 | 655 |
| Change in policy liabilities | (70) | (732) |
| Change in income tax liabilities | 20 | 92 |
| Net investment (gains) losses | 1,176 | 1,109 |
| Other, net | (829) | (327) |
| Net cash provided (used) by operating activities | 2,277 | 2,240 |
| Cash flows from investing activities: | ||
| Proceeds from investments sold or matured: | ||
| Fixed maturity securities available-for-sale | 9,764 | 9,566 |
| Equity securities | 707 | 355 |
| Fixed maturity securities held-to-maturity | 35 | 2 |
| Commercial mortgage and other loans | 1,860 | 1,421 |
| Costs of investments acquired: | ||
| Fixed maturity securities available-for-sale | (11,659) | (10,760) |
| Equity securities | (713) | (369) |
| Commercial mortgage and other loans | (1,116) | (1,068) |
| Other investments, net | (1,314) | (1,109) |
| Settlement of derivatives, net | 72 | 13 |
| Cash received (pledged or returned) as collateral, net | 2,951 | 3,375 |
| Other, net | (115) | (224) |
| Net cash provided (used) by investing activities | 472 | 1,202 |
| Cash flows from financing activities: | ||
| Purchases of treasury stock | (2,787) | (2,729) |
| Proceeds from borrowings | 911 | 1,039 |
| Principal payments under debt obligations | (400) | (84) |
| Dividends paid to shareholders | (898) | (906) |
| Change in investment-type contracts, net | (223) | (198) |
| Treasury stock reissued | 10 | 5 |
| Other, net | (2) | (12) |
| Net cash provided (used) by financing activities | (3,389) | (2,885) |
| Effect of foreign exchange rate changes on cash and cash equivalents | 18 | (18) |
| Net change in cash and cash equivalents | (622) | 539 |
| Cash and cash equivalents, beginning of period | 6,245 | 6,229 |
| Cash and cash equivalents, end of period | $5,623 | $6,768 |
| Supplemental disclosures of cash flow information: | ||
| Income taxes paid | $554 | $602 |
| Interest paid | 162 | 133 |
| Noncash interest | 31 | 25 |
| Noncash real estate acquired in satisfaction of debt | 0 | 247 |
| Noncash financing activities: | ||
| Lease obligations | 38 | 25 |
| Treasury stock issued for: | ||
| Associate stock bonus | 16 | 17 |
| Shareholder dividend reinvestment | 31 | 33 |
| Share-based compensation grants | 6 | 7 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.