Aflac (AFL) Invested Capital (2009 - 2026)
Aflac's (AFL) quarterly Invested Capital came in at $37.9 billion in Q1 2026, up 11.09% year-on-year from $34.1 billion in Q1 2025, and little changed quarter-over-quarter from $37.9 billion in Q4 2025.
Aflac (AFL) Invested Capital (2009 - 2026) Analysis & Trends
Aflac has disclosed Invested Capital across 18 years of filings, most recently posting $37.9 billion for Q1 2026.
- Invested Capital for Q1 2026 came in at $37.9 billion, up 11.09% year-over-year; the trailing twelve-month figure through Mar 2026 was $37.9 billion (up 11.09% YoY), and the FY2025 annual result was $37.9 billion, up 12.81% from the prior year.
- Invested Capital came in at $37.9 billion for Q1 2026 at Aflac, roughly flat from $37.9 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $37.9 billion in Q4 2025 to a low of $25.3 billion in Q1 2022.
- The 5-year median for Invested Capital is $31.4 billion (2024), against an average of $31.5 billion.
- Across the five-year window, Invested Capital tumbled 36.98% in 2022 and gained 21.62% in 2024, its largest moves.
- Aflac's Invested Capital stood at $27.6 billion in 2022, then grew by 6.41% to $29.3 billion in 2023, then advanced by 14.47% to $33.6 billion in 2024, then rose by 12.81% to $37.9 billion in 2025, then slipped by 0.08% to $37.9 billion in 2026.
- The last three Invested Capital figures came in at $37.9 billion (Q1 2026), $37.9 billion (Q4 2025), and $37.4 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Manulife Financial | 568.62 Bn | 568.62 Bn | - | 38.69 Bn |
| 2 | Aflac | 59.20 Bn | 53.55 Bn | 1.48 Bn | 37.87 Bn |
| 3 | Metlife | 55.45 Bn | 39.51 Bn | 256.00 Mn | 42.04 Bn |
| 4 | Unum | 14.44 Bn | 4.48 Bn | 1.40 Bn | 10.89 Bn |
| 5 | Globe Life | 12.48 Bn | 11.80 Bn | 1.45 Bn | 6.23 Bn |
| 6 | Primerica | 8.62 Bn | 8.62 Bn | 770.81 Mn | 2.52 Bn |
| 7 | Jackson Financial | 7.51 Bn | 1.67 Bn | - | 11.93 Bn |
| 8 | Lincoln National | 6.79 Bn | -8.89 Bn | 3.25 Bn | 16.18 Bn |
| 9 | CNO Financial | 4.58 Bn | 4.24 Bn | 754.30 Mn | 2.50 Bn |
| 10 | Prudential | 4.22 Bn | 4.22 Bn | - | 31.86 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 37.87 Bn |
| Dec 31, 2025 | 37.90 Bn |
| Sep 30, 2025 | 37.37 Bn |
| Jun 30, 2025 | 36.13 Bn |
| Mar 31, 2025 | 34.09 Bn |
| Dec 31, 2024 | 33.60 Bn |
| Sep 30, 2024 | 32.81 Bn |
| Jun 30, 2024 | 33.48 Bn |
| Mar 31, 2024 | 31.45 Bn |
| Dec 31, 2023 | 29.35 Bn |
| Sep 30, 2023 | 29.63 Bn |
| Jun 30, 2023 | 27.53 Bn |
| Mar 31, 2023 | 27.20 Bn |
| Dec 31, 2022 | 27.58 Bn |
| Sep 30, 2022 | 27.46 Bn |
| Jun 30, 2022 | 26.97 Bn |
| Mar 31, 2022 | 25.33 Bn |
| Dec 31, 2021 | 24.99 Bn |
| Sep 30, 2021 | 41.62 Bn |
| Jun 30, 2021 | 41.86 Bn |