Aflac AFL Revenue Breakdown

NYSE AFL
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As of: Sep 21, 2026 · 3:59 PM EDT
Annual revenue breakdowns for Aflac, fiscal 2008 to 2025, as reported in its filings.
Annual history

Aflac Revenue by Reinsurance Premiums for Insurance Companies, by Product Segment

Years FY 2008–2025
Lines 2
FY 2025 Total $40.64B

Health Insurance was Aflac’s largest segment in fiscal 2025, bringing in $35.02B of $40.64B (86%).

Aflac revenue by reinsurance premiums for insurance companies, by product segment, fiscal 2008 to 2025
Reinsurance Premiums for Insurance Companies, by Product Segment FY 2008 FY 2011 FY 2012 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2023 FY 2025
Health Insurance $36.45B $35.02B
Life Insurance $5.92B $5.63B
Total $42.37B $40.64B
Totals include 10 discontinued lines from earlier reporting.

Aflac revenue by reinsurance premiums for insurance companies, by product segment: what the figures show

Aflac brought in $40.64B from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 4.1% from $42.37B in fiscal 2023, the previous year with figures. Health Insurance was the largest at $35.02B (86.2%), ahead of Life Insurance at $5.63B (13.8%).

Compared with fiscal 2023, the previous year with figures, Health Insurance fell 3.9% to $35.02B and Life Insurance fell 5.0% to $5.63B. From fiscal 2023 to 2025, combined revenue from these segments fell from $42.37B to $40.64B, a compound annual decline of 2.1%. Health Insurance's share held steady at about 86.2%.

Annual history

Aflac Revenue by Segment

Years FY 2008–2025
Lines 3
FY 2025 Total $40.64B

Aflac Japan was Aflac’s largest segment in fiscal 2025, bringing in $20.23B of $40.64B (50%).

Aflac revenue by segment, fiscal 2008 to 2025
Segment FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2023 FY 2025
Aflac Japan $24.14B $20.23B
Aflac U.S $17.03B $18.00B
Corporate & Other $1.20B $2.42B
Total $42.37B $40.64B
Totals include 1 discontinued line from earlier reporting.

Aflac revenue by segment: what the figures show

Aflac brought in $40.64B from its three segments in fiscal 2025, the year ended December 31, 2025. That was down 4.1% from $42.37B in fiscal 2023, the previous year with figures. Aflac Japan was the largest at $20.23B (49.8%), ahead of Aflac U.S at $18.00B (44.3%) and Corporate & Other at $2.42B (5.9%).

Compared with fiscal 2023, the previous year with figures, Corporate & Other grew fastest, up 101.3% to $2.42B, while Aflac Japan fell the most, down 16.2% to $20.23B. From fiscal 2023 to 2025, combined revenue from these segments fell from $42.37B to $40.64B, a compound annual decline of 2.1%. Aflac Japan's share of the total fell from 57.0% to 49.8%.

Annual history

Aflac Revenue by Reinsurance Premiums For Insurance Companies By Product Segment

Years FY 2011–2012
Lines 2
FY 2012 Total $66.44B

Health Insurance was Aflac’s largest segment in fiscal 2012, bringing in $52.61B of $66.44B (79%).

Aflac revenue by reinsurance premiums for insurance companies by product segment, fiscal 2011 to 2012
Reinsurance Premiums For Insurance Companies By Product Segment FY 2011 FY 2012
Health Insurance $51.62B $52.61B
Life Insurance $9.46B $13.84B
Total $61.09B $66.44B

Aflac revenue by reinsurance premiums for insurance companies by product segment: what the figures show

Aflac brought in $66.44B from its two segments in fiscal 2012, the year ended December 31, 2012. That was up 8.8% from $61.09B in fiscal 2011. Health Insurance was the largest at $52.61B (79.2%), ahead of Life Insurance at $13.84B (20.8%).

Compared with fiscal 2011, Life Insurance grew 46.2% to $13.84B and Health Insurance grew 1.9% to $52.61B.

Questions

Aflac Revenue Breakdown FAQ

How does Aflac make money?

Aflac (AFL) reports its revenue by reinsurance premiums for insurance companies, by product segment, by segment and by reinsurance premiums for insurance companies by product segment. In fiscal 2025, Health Insurance was its largest segment, bringing in $35.02B (86.2% of the total), followed by Life Insurance at $5.63B (13.8%).

What is Aflac's largest segment?

Health Insurance was Aflac's largest segment in fiscal 2025, bringing in $35.02B, or 86.2% of the $40.64B total across its two segments.

Which Aflac segment is growing the fastest?

Life Insurance grew faster than Health Insurance in fiscal 2012, up 46.2% from $9.46B to $13.84B. Health Insurance grew 1.9% to $52.61B.

Where does this revenue breakdown data come from?

Every figure comes from Aflac's annual financial filings, as reported. Each line keeps the name Aflac gives it, and years follow its fiscal calendar.

How far back does Aflac's revenue breakdown go?

Aflac's revenue by reinsurance premiums for insurance companies, by product segment goes back to fiscal 2008, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.