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BUSINESS SEGMENT AND SELECTED FOREIGN CURRENCY TRANSLATION ITEMS (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
Information regarding operations by reportable segment and Corporate and other for the years ended December 31 is presented in the following tables.
(In millions)202420232022
Revenues:
Aflac Japan:
   Net earned premiums (1)
$6,930 $8,047 $9,186 
   Adjusted net investment income2,701 2,582 2,669 
   Other income28 35 35 
               Total adjusted revenue Aflac Japan9,659 10,664 11,890 
Aflac U.S.:
   Net earned premiums5,829 5,675 5,570 
   Adjusted net investment income847 820 755 
   Other income63 128 161 
           Total adjusted revenue Aflac U.S.6,739 6,623 6,486 
Corporate and other (2)
1,007 460 267 
           Total adjusted revenues17,405 17,747 18,643 
Net investment gains (losses)1,271 590 363 
Reconciling items:
Amortized hedge costs26 157 112 
Amortized hedge income(113)(121)(68)
Net interest (income) expense from derivatives
  associated with certain investment strategies		338 328 90 
           Total revenues$18,927 $18,701 $19,140 
(1) Includes a gain (loss) of $(81), $20 and $(42) in 2024, 2023 and 2022, 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 $165, $343 and $91 in 2024, 2023 and 2022, respectively, is included as a reduction to net investment income. Tax credits on these investments of $164, $334 and $83 in 2024, 2023 and 2022, respectively, have been recorded as an income tax benefit in the consolidated statements of earnings. See Note 3 for additional information on these investments.
Reconciliation of Adjusted Profit (Loss) from Segments to Consolidated
(In millions)202420232022
Adjusted revenues:
Aflac Japan (1)
$9,659 $10,664 $11,890 
Aflac U.S.6,739 6,623 6,486 
Corporate and other (2)
1,007 460 267 
Total adjusted revenues17,405 17,747 18,643 
Benefits and adjusted expenses:
Aflac Japan:
Benefits and claims, excluding reserve remeasurement4,761 5,409 6,282 
Reserve remeasurement (gains) losses(444)(96)(91)
Total benefits and claims, net4,317 5,313 6,191 
Adjusted expenses:
Amortization of deferred policy acquisition costs321 326 338 
Insurance commissions435 491 563 
Insurance and other expenses1,092 1,300 1,517 
Total benefits and adjusted expenses Aflac Japan6,165 7,430 8,609 
Aflac U.S.:
Benefits and claims, excluding reserve remeasurement2,821 2,715 2,679 
Reserve remeasurement (gains) losses(95)(284)(124)
Total benefits and claims, net2,726 2,431 2,555 
Adjusted expenses:
Amortization of deferred policy acquisition costs530 490 455 
Insurance commissions563 561 553 
Insurance and other expenses1,501 1,640 1,564 
Total benefits and adjusted expenses Aflac U.S.5,320 5,122 5,127 
Corporate and other975 885 485 
Total adjusted expenses$12,460 $13,437 $14,221 
Pretax earnings:
Aflac Japan (1)
$3,494 $3,234 $3,281 
Aflac U.S.1,419 1,501 1,359 
Corporate and other (2)
32 (425)(218)
Pretax adjusted earnings4,945 4,310 4,422 
Other income (loss)(23)

39 0 

Net investment gains (losses)1,271 590 363 
Reconciling items:
Amortized hedge costs26 157 112 
Amortized hedge income(113)(121)(68)
Net interest (income) expense from derivatives
  associated with certain investment strategies		338 328 90 
Impact of interest from derivatives associated
  with notes payable
(27)(41)(50)
    Total earnings before income taxes$6,417 $5,262 $4,869 
Income taxes applicable to pretax adjusted earnings$873 $577 $808 
Effect of foreign currency translation on after-tax
  adjusted earnings		(103)(113)(262)
(1) Includes a gain (loss) of $(81), $20 and $(42) for 2024, 2023 and 2022, 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 $165, $343 and $91 in 2024, 2023 and 2022, respectively, is included as a reduction to net investment income. Tax credits on these investments of $164, $334 and $83 in 2024, 2023 and 2022, respectively, have been recorded as an income tax benefit in the consolidated statements of earnings. See Note 3 for additional information on these investments.
Schedule of Intercompany Transfers of Funds Information on transfers for each of the years ended December 31 is shown below. See Note 13 for information concerning restrictions on transfers from Aflac Japan.
(In millions)202420232022
Management fees$69 $67 $61 
Profit remittances2,865 2,623 2,412 
Total transfers from Aflac Japan$2,934 $2,690 $2,473 
Reconciliation of Assets from Segment to Consolidated The Company's total assets as of December 31 were as follows:
(In millions)20242023
Assets:
Aflac Japan$90,210 $101,541 
Aflac U.S.21,930 21,861 
Corporate and other5,426 3,322 
Total assets$117,566 $126,724 
Foreign Currency Disclosure The following table shows the yen/dollar exchange rates used for or during the periods ended December 31. For comparison, exchange effects for the current year were calculated using the yen/dollar exchange rate that was used in the prior year.
202420232022
Statements of Earnings:
Weighted-average yen/dollar exchange rate (1)
150.97 140.57 130.17 
Yen percent strengthening (weakening)(6.9)%(7.4)%(15.7)%
Exchange effect on pretax adjusted earnings (in millions)$(125)$(131)$(318)
20242023
Balance Sheets:
Yen/dollar exchange rate at December 31(1)
158.18 141.83 
Yen percent strengthening (weakening)(10.3)%(6.4)%
Exchange effect on total assets (in millions)$(6,127)$(3,984)
Exchange effect on total liabilities (in millions)(9,624)(6,936)
(1) Rates are based on the published MUFG Bank, Ltd. telegraphic transfer middle rate (TTM).