Aflac Incorporated Website

Aflac Incorporated

NYSE-AFL

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Premiums and Annuity Revenues

18,780

18,622

17,095

14,901

14,123

13,642

Total Interest And Dividend Income

3,578

3,638

3,818

3,656

3,811

3,964

Gain (Loss) on Sale of Investments, Total

-135

-270

468

363

590

1,559

Other Revenues, Total

84

157

173

220

177

139

Total Revenues

22,307

22,147

21,554

19,140

18,701

19,304

Total Revenues % Chg.

2.5%

-0.7%

-2.7%

-11.2%

-2.3%

3.7%

Policy Benefits

11,942

11,796

10,476

8,887

8,211

7,896

Policy Acquisition / Underwriting Costs, Total

2,603

2,530

2,091

1,909

1,868

1,839

Selling General & Admin Expenses, Total

3,089

3,420

3,541

3,249

3,165

3,091

Other Operating Expenses

—

—

—

—

—

—

—

—

—

—

Total Operating Expenses

17,634

17,746

16,108

14,045

13,244

12,826

Operating Income

4,673

4,401

5,446

5,095

5,457

6,478

Interest Expense, Total

-228

-242

-238

-226

-195

-193

Currency Exchange Gains (Loss)

—

—

—

—

—

—

—

—

—

EBT, Excl. Unusual Items

4,445

4,159

5,208

4,869

5,262

6,285

EBT, Incl. Unusual Items

4,445

4,159

5,208

4,869

5,262

6,285

Income Tax Expense

1,141

-619

977

451

603

814

Earnings From Continuing Operations

3,304

4,778

4,231

4,418

4,659

5,471

Net Income

3,304

4,778

4,231

4,418

4,659

5,471

Net Income to Common Incl Extra Items

3,304

4,778

4,231

4,418

4,659

5,471

Net Income to Common Excl. Extra Items

3,304

4,778

4,231

4,418

4,659

5,471

Total Shares Outstanding

726.8

692.5

652.1

615.3

578.5

561.4

Weighted Avg. Shares Outstanding

742.4

713.7

673.6

634.8

596.2

578.1

Weighted Avg. Shares Outstanding Dil

746.4

716.2

676.7

637.7

598.7

580.6

EPS

4.5

6.7

6.3

7

7.8

9.5

EPS Diluted

4.4

6.7

6.3

6.9

7.8

9.4

EBITDA

4,714

4,442

5,491

5,140

5,496

6,498.5

Effective Tax Rate

25.7%

-14.9%

18.8%

9.3%

11.5%

13%