Aflac (AFL) Free Cash Flow (2009 - 2026)
Aflac (AFL) reported Free Cash Flow of $112 million for Q2 2026, down 71.9% from $399 million a year earlier and down 88.4% from the prior quarter.
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Analysis
Aflac (AFL) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Aflac's Free Cash Flow came in at $2.65 billion, up 2.2% year-over-year; for FY2025, it came in at $2.56 billion, down 5.6% from FY2024.
- Free Cash Flow has declined for five consecutive years, with a five-year compound annual growth rate of -15.6% (FY2020 to FY2025).
- By year, Free Cash Flow came in at $2.71 billion in FY2024 (-15.1%), $3.19 billion in FY2023 (-17.8%), $3.88 billion in FY2022 (-23.2%) and $5.05 billion in FY2021 (-15.2%).
- The Q2 2026 figure ranks as the lowest quarterly Free Cash Flow in data going back to Q3 2009.
- Year over year, Free Cash Flow gained in two of the last eight quarters, with an average decline of 4.0%.
- The high point for year-over-year Free Cash Flow in five years was Q1 2026 (growth of 64.3%); the low point was Q2 2026 (a decline of 71.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $968 million (Q1 2026), $315 million (Q4 2025) and $1.25 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.23 Bn | 80.81 Bn | 9.13 Bn | 3.73 Bn |
| 2 | Progressive | 129.78 Bn | 105.62 Bn | 9.04 Bn | 3.47 Bn |
| 3 | Marsh & Mclennan Companies | 85.33 Bn | 76.83 Bn | - | 1.45 Bn |
| 4 | Travelers Companies | 78.56 Bn | 54.81 Bn | 6.23 Bn | 1.91 Bn |
| 5 | Manulife Financial | 73.83 Bn | -21.05 Bn | - | 3.00 Bn |
| 6 | Metlife | 64.38 Bn | -42.40 Bn | 7.82 Bn | 1.94 Bn |
| 7 | Allstate | 60.57 Bn | 21.84 Bn | 8.73 Bn | 2.59 Bn |
| 8 | Arthur J. Gallagher | 60.14 Bn | 54.55 Bn | - | -41.00 Mn |
| 9 | Aflac | 58.65 Bn | 33.87 Bn | 2.27 Bn | 112.00 Mn |
| 10 | Aon | 58.65 Bn | 51.87 Bn | - | 483.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 112.00 Mn |
| Mar 31, 2026 | 968.00 Mn |
| Dec 31, 2025 | 315.00 Mn |
| Sep 30, 2025 | 1.25 Bn |
| Jun 30, 2025 | 399.00 Mn |
| Mar 31, 2025 | 589.00 Mn |
| Dec 31, 2024 | 333.00 Mn |
| Sep 30, 2024 | 1.27 Bn |
| Jun 30, 2024 | 255.00 Mn |
| Mar 31, 2024 | 849.00 Mn |
| Dec 31, 2023 | 582.00 Mn |
| Sep 30, 2023 | 1.28 Bn |
| Jun 30, 2023 | 442.00 Mn |
| Mar 31, 2023 | 890.00 Mn |
| Dec 31, 2022 | 1.03 Bn |
| Sep 30, 2022 | 1.08 Bn |
| Jun 30, 2022 | 510.00 Mn |
| Mar 31, 2022 | 1.26 Bn |
| Dec 31, 2021 | 870.00 Mn |
| Sep 30, 2021 | 1.85 Bn |
API Access
Aflac Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=AFL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "AFL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=AFL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();