The following tables set forth by level within the fair value hierarchy the Plan's investments at fair value as of December 31.


	2025
	Level 1		Level 2		Level 3		Total
Assets, at fair value:

Investments:
Mutual funds	$	321,403,628	$	—	$	—	$	321,403,628
Aflac Incorporated common stock	192,410,829		—		—		192,410,829
Common/collective trusts(1)	—		692,277,731		—		692,277,731
Total assets at fair value	$	513,814,457	$	692,277,731	$	—	$	1,206,092,188

(1) These investments have a readily determinable fair value in accordance with ASC subtopic 820-10 and have been classified as level 2 in the fair value hierarchy.


	2024
	Level 1		Level 2		Level 3		Total
Assets, at fair value:

Investments:
Mutual funds	$	278,393,318	$	—	$	—	$	278,393,318
Aflac Incorporated common stock	194,533,469		—		—		194,533,469
Common/collective trusts(1)	—		574,188,992		—		574,188,992
Total assets at fair value	$	472,926,787	$	574,188,992	$	—	$	1,047,115,779

(1) These investments have a readily determinable fair value in accordance with ASC subtopic 820-10 and have been classified as level 2 in the fair value hierarchy.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

- Definition

Tabular disclosure of fair value of investment held by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, fair value measured at net asset value per share as practical expedient (NAV).

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+ Details