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BUSINESS SEGMENT INFORMATION - Operations by Segment - Revenues (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Segment Reporting, Revenue Reconciling Item [Line Items]        
Net earned premiums [1] $ 3,325 $ 3,573 $ 6,781 $ 7,262
Net investment income 1,095 999 2,095 1,942
Other income 22 45 52 90
Total revenues 5,138 5,172 10,575 9,972
Net investment gains (losses) 696 555 1,647 678
Remeasurement gain (loss), deferred profit liability for limited-payment contracts (2) (1) (5) (1)
Operating Segments        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues 4,380 4,513 8,800 9,091
Segment Reconciling Items        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Amortized hedge costs 7 63 13 122
Amortized hedge income (34) (38) (62) (67)
Net interest (income) expense from from derivatives associated with certain investment strategies 89 79 177 148
Aflac Japan | Operating Segments        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Net earned premiums [1] 1,715 2,064 3,531 4,234
Net investment income 725 637 1,374 1,248
Other income 7 9 14 18
Total revenues 2,447 2,710 4,919 5,500
Aflac U.S. | Operating Segments        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Net earned premiums 1,455 1,425 2,930 2,853
Net investment income 218 203 424 400
Other income 11 35 30 70
Total revenues 1,684 1,663 3,384 3,323
Corporate and other        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Change in value of federal historic rehabilitation and solar tax credit investments (30) (53) (62) (105)
Federal historic rehabilitation and solar tax credits, amount 31 56 64 108
Corporate and other | Operating Segments        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total revenues [2] $ 249 $ 140 $ 497 $ 268
[1] Includes a gain (loss) of $(2) and $(1) for the three-month periods and $(5) and $(1) for the six-month periods ended June 30, 2024 and 2023, 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 $30 and $53 for the three-month periods and $62 and $105 for the six-month periods ended June 30, 2024, and 2023, respectively, is included as a reduction to net investment income. Tax credits on these investments of $31 and $56 for the three-month periods and $64 and $108 for the six-month periods ended June 30, 2024, and 2023, respectively, have been recorded as an income tax benefit in the consolidated statements of earnings. See Note 3 for additional information on these investments.