Aflac's earnings have been declining at an average annual rate of -4.6%, while the Insurance industry saw earnings growing at 13.5% annually. Revenues have been declining at an average rate of 6.1% per year. Aflac's return on equity is 15.5%, and it has net margins of 25.6%.
Key information
-4.59%
Earnings growth rate
1.26%
EPS growth rate
Insurance Industry Growth
10.14%
Revenue growth rate
-6.11%
Return on equity
15.47%
Net Margin
25.60%
Next Earnings Update
06 Aug 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Aflac makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
BIT:1AFL Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
18,112
4,636
3,222
0
31 Dec 25
17,164
3,646
3,253
0
30 Sep 25
17,701
4,169
3,222
0
30 Jun 25
15,910
2,437
3,189
0
31 Mar 25
16,889
3,593
3,077
0
31 Dec 24
18,927
5,443
3,014
0
30 Sep 24
17,302
3,809
3,054
0
30 Jun 24
19,304
5,471
3,091
0
31 Mar 24
19,337
5,350
3,129
0
31 Dec 23
18,701
4,659
3,165
0
30 Sep 23
18,871
4,587
3,126
0
30 Jun 23
18,624
4,799
3,121
0
31 Mar 23
18,767
4,559
3,191
0
31 Dec 22
19,140
4,418
3,249
0
30 Sep 22
20,628
5,261
3,375
0
30 Jun 22
21,161
4,368
3,465
0
31 Mar 22
21,410
4,079
3,545
0
31 Dec 21
21,554
4,231
3,541
0
30 Sep 21
22,583
4,238
3,620
0
30 Jun 21
23,011
5,806
3,596
0
31 Mar 21
22,854
5,505
3,473
0
31 Dec 20
22,147
4,778
3,420
0
30 Sep 20
21,837
4,607
3,241
0
30 Jun 20
21,708
2,929
3,165
0
31 Mar 20
21,812
2,942
3,149
0
31 Dec 19
22,307
3,304
3,089
0
30 Sep 19
21,830
3,048
3,025
0
30 Jun 19
21,872
3,115
2,985
0
31 Mar 19
21,951
3,131
2,974
0
31 Dec 18
21,758
2,920
2,988
0
30 Sep 18
22,056
4,978
2,948
0
30 Jun 18
21,984
4,849
2,904
0
31 Mar 18
21,822
4,729
2,838
0
31 Dec 17
21,667
4,604
2,780
0
30 Sep 17
22,161
2,772
2,873
0
30 Jun 17
22,391
2,685
2,862
0
31 Mar 17
22,446
2,520
2,908
0
31 Dec 16
22,559
2,659
2,796
0
30 Sep 16
22,025
2,638
2,528
0
30 Jun 16
21,331
2,576
2,407
0
31 Mar 16
21,101
2,601
2,247
0
31 Dec 15
20,918
2,533
2,606
0
30 Sep 15
20,999
2,506
2,258
0
Quality Earnings: 1AFL has high quality earnings.
Growing Profit Margin: 1AFL's current net profit margins (25.6%) are higher than last year (21.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 1AFL's earnings have declined by 4.6% per year over the past 5 years.
Accelerating Growth: 1AFL's earnings growth over the past year (29%) exceeds its 5-year average (-4.6% per year).
Earnings vs Industry: 1AFL earnings growth over the past year (29%) exceeded the Insurance industry 19.1%.
Return on Equity
High ROE: 1AFL's Return on Equity (15.5%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/07/07 18:39
End of Day Share Price
2026/07/07 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Aflac Incorporated is covered by 30 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.