What changed in Aflac Incorporated's latest annual report
In the year ended 31 Dec 2025, Aflac Incorporated's revenue fell 9.3% to USD 17.16bn, from USD 18.93bn; net income fell 33% to USD 3.65bn, from USD 5.44bn; shareholders' equity rose 13% to USD 29.49bn, from USD 26.10bn.
Year ended 31 Dec 2025. Source: 10-K filed 25 Feb 2026, read it on SEC EDGAR.
USD 18.93bn to USD 17.16bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Revenue | 18.93bn | 17.16bn | Down 9.3% |
| Net income | 5.44bn | 3.65bn | Down 33% |
| Total assets | 117.57bn | 116.47bn | Down 0.9% |
| Total liabilities | 91.47bn | 86.98bn | Down 4.9% |
| Cash and cash equivalents | 6.23bn | 6.25bn | Up 0.3% |
| Shareholders' equity | 26.10bn | 29.49bn | Up 13% |
Questions people ask
Did Aflac Incorporated's revenue grow last year?
Revenue fell 9.3%, from USD 18.93bn to USD 17.16bn in the year ended 31 Dec 2025.
Is Aflac Incorporated profitable?
Yes. Net income was USD 3.65bn in the year ended 31 Dec 2025. The year before: USD 5.44bn.
How much cash and debt does Aflac Incorporated have?
At its latest year end (31 Dec 2025), Aflac Incorporated reported cash and cash equivalents of USD 6.25bn.
Where do these numbers come from?
From Aflac Incorporated's own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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