v3.25.2
BUSINESS SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
Information regarding operations by reportable segment and Corporate and other is presented in the following tables.
  
Three Months Ended June 30,Six Months Ended June 30,
(In millions)2025202420252024
Revenues:
Aflac Japan:
Net earned premiums (1)
$1,761 $1,715 $3,442 $3,531 
Adjusted net investment income699 725 1,285 1,374 
Other income12 7 17 14 
Total adjusted revenue Aflac Japan2,472 2,447 4,744 4,919 
Aflac U.S.:
Net earned premiums1,504 1,455 3,006 2,930 
Adjusted net investment income207 218 409 424 
Other income17 11 34 30 
Total adjusted revenue Aflac U.S.1,728 1,684 3,449 3,384 
Corporate and other (2)
336 249 662 497 
Total adjusted revenues4,536 4,380 8,855 8,800 
Net investment gains (losses)(421)696 (1,384)1,647 
Reconciling items:
Amortized hedge costs11 7 18 13 
Amortized hedge income(30)(34)(60)(62)
Net interest (income) expense from derivatives associated
  with certain investment strategies		64 89 129 177 
Total revenues$4,160 $5,138 $7,558 $10,575 
(1) Includes a gain (loss) of an immaterial amount and $(2) for the three-month periods and an immaterial amount and $(5) for the six-month periods ended June 30, 2025 and 2024, respectively, related to remeasurement of the deferred profit liability for limited-payment contracts.
(2) The change in value of federal historic rehabilitation and solar investments in partnerships of $8 and $30 for the three-month periods and $16 and $62 for the six-month periods ended June 30, 2025, and 2024, respectively, is included as a reduction to net investment income. Tax credits on these investments of $9 and $31 for the three-month periods and $16 and $64 for the six-month periods ended June 30, 2025, and 2024, respectively, have been recorded as an income tax benefit in the consolidated statements of earnings. See Note 3 for additional information on these investments.
Reconciliation of Adjusted Profit (Loss) from Segments to Consolidated
  Three Months Ended June 30,
Six Months Ended
June 30,
(In millions)2025202420252024
Adjusted revenues:
Aflac Japan (1)
$2,472 $2,447 $4,744 $4,919 
Aflac U.S.1,728 1,684 3,449 3,384 
Corporate and other (2)
336 249 662 497 
Total adjusted revenues4,536 4,380 8,855 8,800 
Benefits and adjusted expenses:
Aflac Japan:
Benefits and claims, excluding reserve remeasurement1,186 1,174 2,316 2,417 
Reserve remeasurement (gains) losses(14)(26)(39)(52)
Total benefits and claims, net1,172 1,148 2,277 2,365 
Adjusted expenses:
Amortization of deferred policy acquisition costs85 77 164 160 
Insurance commissions112 105 217 220 
Insurance and other expenses313 253 574 500 
Total benefits and adjusted expenses Aflac Japan1,682 1,583 3,232 3,245 
Aflac U.S.:
Benefits and claims, excluding reserve remeasurement736 704 1,467 1,419 
Reserve remeasurement (gains) losses(24)(24)(39)(54)
Total benefits and claims, net712 680 1,428 1,365 
Adjusted expenses:
Amortization of deferred policy acquisition costs136 132 273 264 
Insurance commissions139 140 274 281 
Insurance and other expenses353 349 728 735 
Total benefits and adjusted expenses Aflac U.S.1,340 1,301 2,703 2,645 
Corporate and other316 226 599 476 
Total adjusted expenses$3,338 $3,110 $6,534 $6,366 
Pretax earnings:
Aflac Japan (1)
$790 $864 $1,512 $1,674 
Aflac U.S. 388 383 746 739 
Corporate and other (2)
20 23 63 21 
Pretax adjusted earnings1,198 1,270 2,321 2,434 
Other income (loss)0 0 (53)(2)
Net investment gains (losses)(421)696 (1,384)1,647 
Reconciling items:
Amortized hedge costs11 7 18 13 
Amortized hedge income(30)(34)(60)(62)
Net interest (income) expense from derivatives associated
  with certain investment strategies		64 89 129 177 
Impact of interest from derivatives associated with notes payable0 (9)(4)(17)
Total earnings before income taxes$822 $2,019 $967 $4,190 
Income taxes applicable to pretax adjusted earnings$241 $235 $458 $438 
Effect of foreign currency translation on after-tax adjusted earnings23 (37)15 (81)
(1) Includes a gain (loss) of an immaterial amount and $(2) for the three-month periods and an immaterial amount and $(5) for the six-month periods ended June 30, 2025 and 2024, respectively, related to remeasurement of the deferred profit liability for limited-payment contracts.
(2) The change in value of federal historic rehabilitation and solar investments in partnerships of $8 and $30 for the three-month periods and $16 and $62 for the six-month periods ended June 30, 2025, and 2024, respectively, is included as a reduction to net investment income. Tax credits on these investments of $9 and $31 for the three-month periods and $16 and $64 for the six-month periods ended June 30, 2025, and 2024, respectively, have been recorded as an income tax benefit in the consolidated statements of earnings. See Note 3 for additional information on these investments.
Reconciliation of Assets from Segment to Consolidated
Total Assets: The Company's total assets were as follows:
(In millions)June 30,
2025		December 31,
2024
Assets:
Aflac Japan$96,592 $90,210 
Aflac U.S.22,038 21,930 
Corporate and other6,106 5,426 
    Total assets$124,736 $117,566