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POLICY LIABILITIES - Schedule of Changes in Present Value of Expected Net Premiums and Expected Future Policy Benefits (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Present value of expected future policy benefits:      
Beginning balance $ 132,131    
Ending balance 111,508 $ 132,131  
Net liability for future policy benefits 70,381 83,718  
Aflac Japan | Cancer      
Present value of expected future net premiums:      
Beginning balance 17,509 19,298  
Beginning balance at original discount rate 16,452 18,221  
Effect of changes in cash flow assumptions   (625) $ (165)
Effect of actual variances from expected experience   (71) (315)
Adjusted beginning of period balance   15,756 17,741
Issuances 983 1,034  
Interest accrual 378 412  
Net premiums collected [1] (1,453) (1,564)  
Foreign currency translation (1,655) (1,170)  
Other (1) (1)  
Ending balance at original discount rate 14,008 16,452  
Effect of changes in discount rate assumptions 176 1,057  
Ending balance 14,184 17,509  
Present value of expected future policy benefits:      
Beginning balance 50,161 54,766  
Beginning balance at original discount rate 43,626 47,677  
Effect of changes in cash flow assumptions   (815) (147)
Effect of actual variances from expected experience   (117) (385)
Adjusted beginning of period balance   42,694 47,145
Issuances 1,004 1,059  
Interest accrual 1,356 1,473  
Benefit payments (2,773) (2,987)  
Foreign currency translation (4,425) (3,064)  
Other 0 0  
Ending balance at original discount rate 37,856 43,626  
Effect of changes in discount rate assumptions 2,925 6,535  
Ending balance 40,781 50,161  
Net liability for future policy benefits 26,597 32,652  
Less: reinsurance recoverable 5,085 4,135  
Net liability for future policy benefits after reinsurance recoverable 21,512 28,517  
Aflac Japan | Medical and other health      
Present value of expected future net premiums:      
Beginning balance 14,697 16,714  
Beginning balance at original discount rate 14,040 16,195  
Effect of changes in cash flow assumptions   (154) (470)
Effect of actual variances from expected experience   (164) (137)
Adjusted beginning of period balance   13,722 15,588
Issuances 361 418  
Interest accrual 302 334  
Net premiums collected [1] (1,135) (1,261)  
Foreign currency translation (1,405) (1,038)  
Other 0 (1)  
Ending balance at original discount rate 11,845 14,040  
Effect of changes in discount rate assumptions (28) 657  
Ending balance 11,817 14,697  
Present value of expected future policy benefits:      
Beginning balance 25,257 27,419  
Beginning balance at original discount rate 25,023 27,566  
Effect of changes in cash flow assumptions   (228) (507)
Effect of actual variances from expected experience   (193) (154)
Adjusted beginning of period balance   24,602 26,905
Issuances 373 432  
Interest accrual 570 608  
Benefit payments (1,033) (1,153)  
Foreign currency translation (2,555) (1,769)  
Other 0 0  
Ending balance at original discount rate 21,957 25,023  
Effect of changes in discount rate assumptions (1,351) 234  
Ending balance 20,606 25,257  
Net liability for future policy benefits 8,789 10,560  
Less: reinsurance recoverable 1,245 1,521  
Net liability for future policy benefits after reinsurance recoverable 7,544 9,039  
Aflac Japan | Life insurance      
Present value of expected future net premiums:      
Beginning balance 6,488 7,485  
Beginning balance at original discount rate 6,258 7,284  
Effect of changes in cash flow assumptions   (190) 43
Effect of actual variances from expected experience   (97) (42)
Adjusted beginning of period balance   5,971 7,285
Issuances 478 335  
Interest accrual 110 124  
Net premiums collected [1] (862) (1,017)  
Foreign currency translation (613) (469)  
Other 0 0  
Ending balance at original discount rate 5,084 6,258  
Effect of changes in discount rate assumptions 72 230  
Ending balance 5,156 6,488  
Present value of expected future policy benefits:      
Beginning balance 29,731 31,954  
Beginning balance at original discount rate 30,256 32,800  
Effect of changes in cash flow assumptions   (302) 65
Effect of actual variances from expected experience   (110) (51)
Adjusted beginning of period balance   29,844 32,814
Issuances 488 341  
Interest accrual 582 625  
Benefit payments (1,510) (1,415)  
Foreign currency translation (3,074) (2,109)  
Other 0 0  
Ending balance at original discount rate 26,330 30,256  
Effect of changes in discount rate assumptions (2,065) (525)  
Ending balance 24,265 29,731  
Net liability for future policy benefits 19,109 23,243  
Less: reinsurance recoverable 0 0  
Net liability for future policy benefits after reinsurance recoverable 19,109 23,243  
Aflac Japan | Other      
Present value of expected future net premiums:      
Beginning balance 1,088 1,256  
Beginning balance at original discount rate 1,069 1,242  
Effect of changes in cash flow assumptions   (19) (12)
Effect of actual variances from expected experience   (14) (15)
Adjusted beginning of period balance   1,036 1,215
Issuances 16 26  
Interest accrual 17 20  
Net premiums collected [1] (101) (112)  
Foreign currency translation (104) (80)  
Other 0 0  
Ending balance at original discount rate 864 1,069  
Effect of changes in discount rate assumptions (18) 19  
Ending balance 846 1,088  
Present value of expected future policy benefits:      
Beginning balance 5,178 5,582  
Beginning balance at original discount rate 5,444 5,940  
Effect of changes in cash flow assumptions   (7) (27)
Effect of actual variances from expected experience   (24) (15)
Adjusted beginning of period balance   5,413 5,898
Issuances 22 32  
Interest accrual 93 100  
Benefit payments (208) (206)  
Foreign currency translation (555) (380)  
Other 0 0  
Ending balance at original discount rate 4,765 5,444  
Effect of changes in discount rate assumptions (540) (266)  
Ending balance 4,225 5,178  
Net liability for future policy benefits 3,379 4,090  
Less: reinsurance recoverable 0 0  
Net liability for future policy benefits after reinsurance recoverable 3,379 4,090  
Aflac U.S. | Life insurance      
Present value of expected future net premiums:      
Beginning balance 853 724  
Beginning balance at original discount rate 909 799  
Effect of changes in cash flow assumptions   (5) 61
Effect of actual variances from expected experience   (29) (25)
Adjusted beginning of period balance   875 835
Issuances 226 181  
Interest accrual 37 31  
Net premiums collected [1] (157) (137)  
Foreign currency translation 0 0  
Other (5) (1)  
Ending balance at original discount rate 976 909  
Effect of changes in discount rate assumptions (67) (56)  
Ending balance 909 853  
Present value of expected future policy benefits:      
Beginning balance 1,764 1,526  
Beginning balance at original discount rate 1,971 1,778  
Effect of changes in cash flow assumptions   (3) 72
Effect of actual variances from expected experience   (43) (32)
Adjusted beginning of period balance   1,925 1,818
Issuances 231 185  
Interest accrual 78 68  
Benefit payments (108) (105)  
Foreign currency translation 0 0  
Other 0 5  
Ending balance at original discount rate 2,126 1,971  
Effect of changes in discount rate assumptions (279) (207)  
Ending balance 1,847 1,764  
Net liability for future policy benefits 938 911  
Less: reinsurance recoverable 18 15  
Net liability for future policy benefits after reinsurance recoverable 920 896  
Aflac U.S. | Accident      
Present value of expected future net premiums:      
Beginning balance 2,488 2,534  
Beginning balance at original discount rate 2,630 2,760  
Effect of changes in cash flow assumptions   65 (16)
Effect of actual variances from expected experience   66 (58)
Adjusted beginning of period balance   2,761 2,686
Issuances 307 323  
Interest accrual 106 102  
Net premiums collected [1] (479) (473)  
Foreign currency translation 0 0  
Other (8) (8)  
Ending balance at original discount rate 2,687 2,630  
Effect of changes in discount rate assumptions (190) (142)  
Ending balance 2,497 2,488  
Present value of expected future policy benefits:      
Beginning balance 3,109 3,098  
Beginning balance at original discount rate 3,302 3,391  
Effect of changes in cash flow assumptions   109 (11)
Effect of actual variances from expected experience   91 (75)
Adjusted beginning of period balance   3,502 3,305
Issuances 311 331  
Interest accrual 133 127  
Benefit payments (560) (464)  
Foreign currency translation 0 0  
Other 0 3  
Ending balance at original discount rate 3,386 3,302  
Effect of changes in discount rate assumptions (259) (193)  
Ending balance 3,127 3,109  
Net liability for future policy benefits 630 621  
Less: reinsurance recoverable 0 0  
Net liability for future policy benefits after reinsurance recoverable 630 621  
Aflac U.S. | Disability      
Present value of expected future net premiums:      
Beginning balance 1,652 1,635  
Beginning balance at original discount rate 1,738 1,775  
Effect of changes in cash flow assumptions   (47) (51)
Effect of actual variances from expected experience   12 (29)
Adjusted beginning of period balance   1,703 1,695
Issuances 364 376  
Interest accrual 66 62  
Net premiums collected [1] (401) (390)  
Foreign currency translation 0 0  
Other (6) (5)  
Ending balance at original discount rate 1,726 1,738  
Effect of changes in discount rate assumptions (91) (86)  
Ending balance 1,635 1,652  
Present value of expected future policy benefits:      
Beginning balance 2,422 2,445  
Beginning balance at original discount rate 2,541 2,636  
Effect of changes in cash flow assumptions   (73) (59)
Effect of actual variances from expected experience   (16) (59)
Adjusted beginning of period balance   2,452 2,518
Issuances 381 392  
Interest accrual 98 96  
Benefit payments (465) (465)  
Foreign currency translation 0 0  
Other 0 0  
Ending balance at original discount rate 2,466 2,541  
Effect of changes in discount rate assumptions (136) (119)  
Ending balance 2,330 2,422  
Net liability for future policy benefits 695 770  
Less: reinsurance recoverable 0 0  
Net liability for future policy benefits after reinsurance recoverable 695 770  
Aflac U.S. | Critical care      
Present value of expected future net premiums:      
Beginning balance 4,074 4,486  
Beginning balance at original discount rate 4,416 5,050  
Effect of changes in cash flow assumptions   (106) (494)
Effect of actual variances from expected experience   (100) (223)
Adjusted beginning of period balance   4,210 4,333
Issuances 543 493  
Interest accrual 173 179  
Net premiums collected [1] (578) (580)  
Foreign currency translation 0 0  
Other (8) (9)  
Ending balance at original discount rate 4,340 4,416  
Effect of changes in discount rate assumptions (439) (342)  
Ending balance 3,901 4,074  
Present value of expected future policy benefits:      
Beginning balance 11,290 11,489  
Beginning balance at original discount rate 12,120 12,846  
Effect of changes in cash flow assumptions   (112) (592)
Effect of actual variances from expected experience   (144) (271)
Adjusted beginning of period balance   11,864 11,983
Issuances 559 505  
Interest accrual 515 524  
Benefit payments (925) (893)  
Foreign currency translation 0 0  
Other 0 1  
Ending balance at original discount rate 12,013 12,120  
Effect of changes in discount rate assumptions (1,312) (830)  
Ending balance 10,701 11,290  
Net liability for future policy benefits 6,800 7,216  
Less: reinsurance recoverable 0 0  
Net liability for future policy benefits after reinsurance recoverable 6,800 7,216  
Aflac U.S. | Hospital indemnity      
Present value of expected future net premiums:      
Beginning balance 1,107 1,220  
Beginning balance at original discount rate 1,193 1,365  
Effect of changes in cash flow assumptions   (21) (142)
Effect of actual variances from expected experience   21 (73)
Adjusted beginning of period balance   1,193 1,150
Issuances 231 249  
Interest accrual 46 45  
Net premiums collected [1] (244) (247)  
Foreign currency translation 0 0  
Other (5) (4)  
Ending balance at original discount rate 1,221 1,193  
Effect of changes in discount rate assumptions (99) (86)  
Ending balance 1,122 1,107  
Present value of expected future policy benefits:      
Beginning balance 1,943 2,074  
Beginning balance at original discount rate 2,076 2,300  
Effect of changes in cash flow assumptions   (31) (194)
Effect of actual variances from expected experience   21 (99)
Adjusted beginning of period balance   2,066 2,007
Issuances 237 258  
Interest accrual 84 84  
Benefit payments (314) (274)  
Foreign currency translation 0 0  
Other 0 1  
Ending balance at original discount rate 2,073 2,076  
Effect of changes in discount rate assumptions (176) (133)  
Ending balance 1,897 1,943  
Net liability for future policy benefits 775 836  
Less: reinsurance recoverable 0 0  
Net liability for future policy benefits after reinsurance recoverable 775 836  
Aflac U.S. | Dental/vision      
Present value of expected future net premiums:      
Beginning balance 206 211  
Beginning balance at original discount rate 217 231  
Effect of changes in cash flow assumptions   (17) (9)
Effect of actual variances from expected experience   (12) (17)
Adjusted beginning of period balance   188 205
Issuances 52 44  
Interest accrual 9 8  
Net premiums collected [1] (39) (39)  
Foreign currency translation 0 0  
Other (1) (1)  
Ending balance at original discount rate 209 217  
Effect of changes in discount rate assumptions (13) (11)  
Ending balance 196 206  
Present value of expected future policy benefits:      
Beginning balance 478 488  
Beginning balance at original discount rate 506 532  
Effect of changes in cash flow assumptions   (28) (14)
Effect of actual variances from expected experience   (16) (22)
Adjusted beginning of period balance   462 496
Issuances 55 46  
Interest accrual 20 21  
Benefit payments (60) (59)  
Foreign currency translation 0 0  
Other 0 2  
Ending balance at original discount rate 477 506  
Effect of changes in discount rate assumptions (36) (28)  
Ending balance 441 478  
Net liability for future policy benefits 245 272  
Less: reinsurance recoverable 0 0  
Net liability for future policy benefits after reinsurance recoverable 245 272  
Aflac U.S. | Other      
Present value of expected future net premiums:      
Beginning balance 277 110  
Beginning balance at original discount rate 272 118  
Effect of changes in cash flow assumptions   (8) (9)
Effect of actual variances from expected experience   13 (2)
Adjusted beginning of period balance   277 107
Issuances 592 169  
Interest accrual 25 6  
Net premiums collected [1] (53) (17)  
Foreign currency translation 0 0  
Other (17) 7  
Ending balance at original discount rate 824 272  
Effect of changes in discount rate assumptions 2 5  
Ending balance 826 277  
Present value of expected future policy benefits:      
Beginning balance 798 622  
Beginning balance at original discount rate 769 624  
Effect of changes in cash flow assumptions   (12) (13)
Effect of actual variances from expected experience   (7) (4)
Adjusted beginning of period balance   750 $ 607
Issuances 597 169  
Interest accrual 50 33  
Benefit payments (104) (48)  
Foreign currency translation 0 0  
Other 0 8  
Ending balance at original discount rate 1,293 769  
Effect of changes in discount rate assumptions (5) 29  
Ending balance 1,288 798  
Net liability for future policy benefits 462 521  
Less: reinsurance recoverable 0 0  
Net liability for future policy benefits after reinsurance recoverable $ 462 $ 521  
[1] Net premiums collected represent the portion of gross premiums collected from policyholders that is used to fund expected future benefit payments.