XML 67 R49.htm IDEA: XBRL DOCUMENT v3.25.4
BUSINESS SEGMENT INFORMATION AND SELECTED FOREIGN CURRENCY TRANSLATION ITEMS - Operations by Segment - Pretax Earnings (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Total revenues $ 17,164 $ 18,927 $ 18,701
Benefits and claims, excluding reserve remeasurement 7,987 8,008 8,594
Reserve remeasurement (gains) losses (694) (558) (383)
Total benefits and claims, net 7,293 7,450 8,211
Amortization of deferred policy acquisition costs 874 851 816
Insurance commissions 991 998 1,052
Insurance and other expenses 3,253 3,014 3,165
Total benefits and expenses 12,631 12,510 13,439
Net investment gains (losses) (572) 1,271 590
Earnings before income taxes 4,533 6,417 5,262
Income taxes applicable to pretax adjusted earnings 954 873 577
Effect of foreign currency translation on after-tax adjusted earnings 19 (103) (113)
Remeasurement gain (loss), deferred profit liability for limited-payment contracts (52) (81) 20
Change in value of federal historic rehabilitation and solar tax credit investments (65) (165) (343)
Federal historic rehabilitation and solar tax credits, amount 69 164 334
Operating Segments      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Total revenues 17,537 17,405 17,747
Total benefits and expenses 12,575 12,460 13,437
Pretax adjusted earnings 4,962 4,945 4,310
Segment Reconciling Items      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Other income (loss) (54) (23) 39
Net investment gains (losses) (572) 1,271 590
Amortized hedge costs 45 26 157
Amortized hedge income (98) (113) (121)
Net interest (income) expense from derivatives associated with certain investment strategies 252 338 328
Impact of interest from derivatives associated with notes payable (2) (27) (41)
Aflac Japan      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Total benefits and claims, net 3,999 4,317 5,313
Amortization of deferred policy acquisition costs 323 321 326
Earnings before income taxes 3,321    
Aflac Japan | Operating Segments      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Total revenues [1] 9,357 9,659 10,664
Benefits and claims, excluding reserve remeasurement 4,528 4,761 5,409
Reserve remeasurement (gains) losses (529) (444) (96)
Total benefits and claims, net 3,999 4,317 5,313
Amortization of deferred policy acquisition costs 323 321 326
Insurance commissions 427 435 491
Insurance and other expenses 1,168 1,092 1,300
Total benefits and expenses 5,917 6,165 7,430
Pretax adjusted earnings [1] 3,440 3,494 3,234
Aflac U.S.      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Total benefits and claims, net 2,837 2,726 2,431
Amortization of deferred policy acquisition costs 551 530 490
Earnings before income taxes 1,212    
Aflac U.S. | Operating Segments      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Total revenues 6,903 6,739 6,623
Benefits and claims, excluding reserve remeasurement 2,969 2,821 2,715
Reserve remeasurement (gains) losses (132) (95) (284)
Total benefits and claims, net 2,837 2,726 2,431
Amortization of deferred policy acquisition costs 551 530 490
Insurance commissions 564 563 561
Insurance and other expenses 1,530 1,501 1,640
Total benefits and expenses 5,482 5,320 5,122
Pretax adjusted earnings 1,421 1,419 1,501
Corporate and other      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Total benefits and claims, net 458 407 467
Amortization of deferred policy acquisition costs 0 0 0
Corporate and other | Operating Segments      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Total revenues [2] 1,277 1,007 460
Total benefits and expenses 1,176 975 885
Pretax adjusted earnings [2] $ 101 $ 32 $ (425)
[1] Includes a gain (loss) of $(52), $(81) and $20 in 2025, 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 $65, $165 and $343 in 2025, 2024 and 2023, respectively, is included as a reduction to net investment income. Tax credits on these investments of $69, $164 and $334 in 2025, 2024 and 2023, respectively, have been reported as an income tax benefit in the consolidated statements of earnings. See Note 1 for additional information on these investments.