| SCHEDULE H - SCHEDULE OF ASSETS (HELD AT END OF YEAR) |
Aflac Incorporated 401(k) Savings and Profit Sharing Plan EIN: 58-1167100 PN: 004 Form 5500, Schedule H, Line 4i - Schedule of Assets (Held at End of Year) As of December 31, 2025 | | | | | | | | | | | | | | | | | | | Identity of Issue and Description of Investment | | Shares/Units | | Current Value | | | | | | | | | Mutual Funds | | | | | | | Fidelity Balanced Fund* | | 3,919,758 | | | $ | 125,941,839 | | | | Fidelity Total Bond Fund* | | 1,526,596 | | | 14,762,186 | | | | Fidelity U.S. Bond Index Fund* | | 615,578 | | | 6,500,502 | | | | Fidelity Stock Selector Small Cap Fund* | | 226,568 | | | 9,590,617 | | | | Vanguard Equity Income Fund, Admiral | | 445,481 | | | 41,389,654 | | | | Vanguard Federal Money Market Fund | | 379,129 | | | 379,129 | | | | Vanguard Inflation-Protected Securities Fund, Admiral | | 144,395 | | | 3,316,747 | | | | American Funds Europacific Growth Fund, R6 | | 332,030 | | | 20,114,392 | | | | JPMorgan Large Cap Growth Fund, R6 | | 1,150,030 | | | 99,408,562 | | | | Total Mutual Funds | | | | 321,403,628 | | | | | | | | | | Common/Collective Trusts | | | | | | | T. Rowe Price Stable Value Common Trust Fund | | 20,627,617 | | | 20,627,617 | | | | T. Rowe Price Retirement Blend 2005 Trust Class B | | 24,621 | | | 387,289 | | | | T. Rowe Price Retirement Blend 2010 Trust Class B | | 38,498 | | | 620,967 | | | | T. Rowe Price Retirement Blend 2015 Trust Class B | | 158,859 | | | 2,611,642 | | | | T. Rowe Price Retirement Blend 2020 Trust Class B | | 361,454 | | | 6,086,883 | | | | T. Rowe Price Retirement Blend 2025 Trust Class B | | 1,717,590 | | | 30,006,303 | | | | T. Rowe Price Retirement Blend 2030 Trust Class B | | 3,385,210 | | | 62,321,710 | | | | T. Rowe Price Retirement Blend 2035 Trust Class B | | 3,525,084 | | | 68,915,396 | | | | T. Rowe Price Retirement Blend 2040 Trust Class B | | 3,782,604 | | | 77,619,034 | | | | T. Rowe Price Retirement Blend 2045 Trust Class B | | 3,588,379 | | | 76,288,928 | | | | T. Rowe Price Retirement Blend 2050 Trust Class B | | 3,263,200 | | | 69,865,109 | | | | T. Rowe Price Retirement Blend 2055 Trust Class B | | 1,717,248 | | | 36,834,961 | | | | T. Rowe Price Retirement Blend 2060 Trust Class B | | 917,034 | | | 20,715,805 | | | | T. Rowe Price Retirement Blend 2065 Trust Class B | | 90,991 | | | 1,686,980 | | | | T. Rowe Price U.S. Treasury Money Market Trust | | 26,615,802 | | | 26,615,802 | | | | T. Rowe Price U.S. Mid-Cap Growth Equity Trust Class D | | 515,615 | | | 24,512,331 | | | | T. Rowe Price U.S. Mid-Cap Value Equity Trust Class D | | 237,293 | | | 11,226,351 | | | | Spartan 500 Index Pool Class C | | 401,894 | | | 130,559,373 | | | | Spartan Global ex US Index Pool Class C | | 64,155 | | | 11,932,866 | | | | Spartan Extended Market Index Pool Class C | | 67,478 | | | 12,842,384 | | | | Total Common/Collective Trusts | | | | 692,277,731 | | | | | | | | | | Aflac Incorporated common stock* | | 1,744,830 | | | 192,410,829 | | | Participant loans*** (1,911 loans outstanding with zero cost, interest rates from 5.25% to 10.50% and maturity dates of less than one year to 10 years)* | | | | 18,862,305 | | ** | | Total | | | | $ | 1,224,954,493 | | |
*Indicates a party-in-interest to the Plan **Excludes deemed distributions of $212,234 ***Also referred to as notes receivable from participants
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