Aflac Incorporated (AFL) — Cash Flow Quality Index
Aflac Incorporated (AFL) has a Cash Flow Quality Index of 0.95x as of March 2026. Operating cash flow of $968.00 Million is below net income of $1.02 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore Aflac Incorporated (AFL) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Aflac Incorporated Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for Aflac Incorporated across 37 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Aflac Incorporated (AFL) cash flow conversion.
Annual Cash Flow Quality Index for Aflac Incorporated (1989–2025)
Year-by-year earnings quality comparison for Aflac Incorporated.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.70x | $2.56 Billion | $3.65 Billion | ▲ +40.9% |
| 2024 | 0.50x | $2.71 Billion | $5.44 Billion | ▼ -27.4% |
| 2023 | 0.68x | $3.19 Billion | $4.66 Billion | ▼ -25.8% |
| 2022 | 0.92x | $3.88 Billion | $4.20 Billion | ▼ -20.9% |
| 2021 | 1.17x | $5.05 Billion | $4.33 Billion | ▼ -6.3% |
| 2020 | 1.25x | $5.96 Billion | $4.78 Billion | ▼ -24.5% |
| 2019 | 1.65x | $5.46 Billion | $3.30 Billion | ▼ -19.8% |
| 2018 | 2.06x | $6.01 Billion | $2.92 Billion | ▲ +54.7% |
| 2017 | 1.33x | $6.13 Billion | $4.60 Billion | ▼ -40.9% |
| 2016 | 2.25x | $5.99 Billion | $2.66 Billion | ▼ -15.8% |
| 2015 | 2.68x | $6.78 Billion | $2.53 Billion | ▲ +20.5% |
| 2014 | 2.22x | $6.55 Billion | $2.95 Billion | ▼ -33.5% |
| 2013 | 3.34x | $10.55 Billion | $3.16 Billion | ▼ -36.0% |
| 2012 | 5.22x | $14.95 Billion | $2.87 Billion | ▼ -6.8% |
| 2011 | 5.60x | $10.84 Billion | $1.94 Billion | ▲ +86.4% |
| 2010 | 3.00x | $6.99 Billion | $2.33 Billion | ▼ -27.1% |
| 2009 | 4.12x | $6.16 Billion | $1.50 Billion | ▲ +3.9% |
| 2008 | 3.96x | $4.96 Billion | $1.25 Billion | ▲ +39.0% |
| 2007 | 2.85x | $4.66 Billion | $1.63 Billion | ▼ -3.9% |
| 2006 | 2.96x | $4.40 Billion | $1.48 Billion | ▼ -0.8% |
| 2005 | 2.99x | $4.43 Billion | $1.48 Billion | ▼ -15.6% |
| 2004 | 3.54x | $4.49 Billion | $1.27 Billion | ▼ -19.7% |
| 2003 | 4.41x | $3.39 Billion | $768.00 Million | ▲ +19.3% |
| 2002 | 3.70x | $3.04 Billion | $821.00 Million | ▼ -10.8% |
| 2001 | 4.15x | $2.85 Billion | $687.00 Million | ▼ -12.2% |
| 2000 | 4.72x | $3.25 Billion | $687.00 Million | ▼ -3.9% |
| 1999 | 4.92x | $2.81 Billion | $571.00 Million | ▼ -4.2% |
| 1998 | 5.13x | $2.50 Billion | $487.00 Million | ▲ +15.6% |
| 1997 | 4.44x | $2.60 Billion | $585.00 Million | ▼ -35.0% |
| 1996 | 6.84x | $2.69 Billion | $394.00 Million | ▼ -18.9% |
| 1995 | 8.43x | $2.94 Billion | $349.10 Million | ▲ +4.2% |
| 1994 | 8.09x | $2.37 Billion | $292.80 Million | ▲ +7.0% |
| 1993 | 7.57x | $1.85 Billion | $244.00 Million | ▼ -7.7% |
| 1992 | 8.20x | $1.50 Billion | $183.40 Million | ▼ -1.8% |
| 1991 | 8.34x | $1.24 Billion | $148.70 Million | ▼ -2.8% |
| 1990 | 8.59x | $1.01 Billion | $117.20 Million | ▼ -20.0% |
| 1989 | 10.73x | $867.30 Million | $80.80 Million | — |