Aflac $AFL Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up Aflac Incorporated ($AFL). Last filing: 10-Q, 2026-08-07. 8 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $17.2B (FY2025). Experience: revenue down 9.3% on the year, down 5.5% a year over 4 years. Soundness: equity 25.3% of assets, return on equity 12.4%, payout 32.9% of profit, dividend per share up 6 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $14.2B and $16.9B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $13.2B to $18.2B. A statistical range, not company guidance. Against peers (11 filers, $50M+ revenue, its industry group): growth -9.3% against 11.8%.
Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $2.6B · $1.6B · −$4.1B · — |
| Investment book (cash · short · long) | $6.2B · $1.7B · $62.4B · unrealized −$1.1B |
| Revenue swing · equity of assets | 6.2% · 25.3% |
Aflac is growing slower than its size class, with steadier revenue. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $17.2B |
| Revenue, on the year | −9.3% |
| Revenue, a year over the record | −5.5% |
| Operating margin | — |
| Operating margin, prior year | — |
| Net margin | 21.2% |
| Research and development | not filed separately |
| Total debt | — |
| Equity of assets | 25.3% |
| Return on equity | 12.4% |
| Payout of profit | 32.9% |
| Dividend per share | $2.35 · up 6 years running |
| Earnings per share | $6.84 |
| Book value per share | $55.13 |
| Revenue per share | $32.09 |
| Shares outstanding | 534,878,000 |
| Audited years read | 5 |
Peers: the median of 11 filers with $50M+ revenue in accident & health insurance.
Health HarborAflac sails as: New ship
Health watch · 12 monthsquiet · none of the watched events filed
Sailing speed follows growth: -3.6% a year crosses the harbor in 91 seconds.
🌊 Visit the Bay →No warning signs on the measures below.
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 10-Q · 2026-08-07
- 8-K · 2026-08-06 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-30 · 8.01 Other Events
- 8-K · 2026-05-28 · 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 8-K · 2026-05-14 · 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 8-K · 2026-05-07 · 5.07 Submission of Matters to a Vote of Security Holders
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company