Aflac AFL Revenue Breakdown

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As of: Nov 3, 2026 · 3:59 PM EST
Annual revenue breakdowns for Aflac, fiscal 2012 to 2020, as reported in its filings.
Annual history

Aflac Revenue by Segment

Years FY 2012–2020
Lines 3
FY 2020 Total $22.32B

Aflac Japan was Aflac’s largest segment in fiscal 2020, bringing in $15.37B of $22.32B (69%).

Aflac revenue by segment, fiscal 2012 to 2020
Segment FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
Aflac Japan $15.03B $15.21B $15.31B $15.37B
Aflac U.S $6.29B $6.44B $6.55B $6.57B
Corporate & Other $272.00M $339.00M $393.00M $384.00M
Total $21.59B $21.99B $22.26B $22.32B
Totals include 4 discontinued lines from earlier reporting.

Aflac revenue by segment: what the figures show

Aflac brought in $22.32B from its three segments in fiscal 2020, the year ended December 31, 2020. That was up 0.3% from $22.26B in fiscal 2019. Aflac Japan was the largest at $15.37B (68.9%), ahead of Aflac U.S at $6.57B (29.4%) and Corporate & Other at $384.00M (1.7%).

Compared with fiscal 2019, Aflac Japan grew 0.4% to $15.37B and Aflac U.S grew 0.2% to $6.57B. From fiscal 2017 to 2020, combined revenue from these segments grew from $21.59B to $22.32B, a compound annual growth rate of 1.1%. Aflac Japan's share of the total fell from 69.6% to 68.9%.

Questions

Aflac Revenue Breakdown FAQ

How does Aflac make money?

Aflac (AFL) reports its revenue by segment. In fiscal 2020, Aflac Japan was its largest segment, bringing in $15.37B (68.9% of the total), followed by Aflac U.S at $6.57B (29.4%).

What is Aflac's largest segment?

Aflac Japan was Aflac's largest segment in fiscal 2020, bringing in $15.37B, or 68.9% of the $22.32B total across its three segments.

Which Aflac segment is growing the fastest?

Aflac Japan grew faster than Aflac U.S in fiscal 2020, up 0.4% from $15.31B to $15.37B. Aflac U.S grew 0.2% to $6.57B.

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 segment goes back to fiscal 2012, with figures through fiscal 2020. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.