| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net earnings | 2,267 | 628 | 29 | 3,541 |
| Change in receivables and advance premiums | 28 | 48 | 37 | -28 |
| Capitalization of deferred policy acquisition costs | 796 | 503 | 246 | 767 |
| Amortization of deferred policy acquisition costs | 655 | 437 | 216 | 638 |
| Increase in policy liabilities | -732 | -195 | -136 | -259 |
| Change in income tax liabilities | 92 | -267 | 117 | -64 |
| Net investment (gains) losses | -1,109 | -1,384 | -963 | 239 |
| Other, net | 327 | 448 | 317 | 504 |
| Net cash provided (used) by operating activities | 2,240 | 988 | 589 | 2,374 |
| Available-for-sale fixed maturity securities | 9,566 | 7,816 | 5,935 | 4,832 |
| Equity securities | 355 | 240 | 96 | 702 |
| Held-to-maturity fixed maturity securities | 2 | 2 | - | 2 |
| Commercial mortgage and other loans | 1,421 | 1,075 | 500 | 1,482 |
| Available-for-sale fixed maturity securities | 10,760 | 9,412 | 6,624 | 4,589 |
| Equity securities | 369 | 249 | 101 | 333 |
| Commercial mortgage and other loans | 1,068 | 799 | 392 | 937 |
| Other investments, net | 1,109 | 1,012 | 697 | 2,682 |
| Settlement of derivatives, net | -13 | -26 | -18 | 92 |
| Cash received (pledged or returned) as collateral, net | -3,375 | -3,523 | -984 | -2,781 |
| Other, net | 224 | 36 | 78 | -98 |
| Net cash provided (used) by investing activities | 1,202 | 1,174 | -359 | 1,264 |
| Purchases of treasury stock | 2,729 | 1,729 | 900 | 2,050 |
| Proceeds from borrowings | 1,039 | 1,039 | 0 | 823 |
| Principal payments under debt obligations | 84 | 0 | - | 194 |
| Dividends paid to shareholders | 906 | 607 | 306 | 820 |
| Change in investment-type contracts, net | -198 | -123 | -58 | -162 |
| Treasury stock reissued | 5 | 2 | 4 | 21 |
| Other, net | -12 | -5 | -1 | -20 |
| Net cash provided (used) by financing activities | -2,885 | -1,423 | -1,261 | -2,402 |
| Effect of exchange rate changes on cash and cash equivalents | -18 | -3 | 33 | 70 |
| Net change in cash and cash equivalents | 539 | 736 | -998 | 1,306 |
| Cash and cash equivalents at beginning of period | 6,229 | 6,229 | 6,229 | 4,306 |
| Cash and cash equivalents at end of period | 6,768 | 6,965 | 5,231 | 5,612 |
AFLAC INC (AFL)
AFLAC INC (AFL)