Aflac Incorporated (AFL) - Total Assets
Based on the latest financial reports, Aflac Incorporated (AFL) holds total assets worth $120.26 Billion USD as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Check AFL capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Aflac Incorporated - Total Assets Trend (1985–2025)
This chart illustrates how Aflac Incorporated's total assets have evolved over time, based on quarterly financial data. Explore long-term investment intensity of Aflac Incorporated to see how much of total assets are deployed in long-term investments.
Aflac Incorporated - Asset Composition Analysis
Current Asset Composition (December 2025)
Aflac Incorporated's total assets of $120.26 Billion consist of 6.7% current assets and 93.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $6.25 Billion | 5.4% |
| Accounts Receivable | $835.00 Million | 0.7% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $351.00 Million | 0.3% |
| Intangible Assets | $9.03 Billion | 7.8% |
| Goodwill | $260.00 Million | 0.2% |
Asset Composition Trend (1985–2025)
This chart illustrates how Aflac Incorporated's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see AFL market cap overview.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Aflac Incorporated's current assets represent 6.7% of total assets in 2025, an increase from 0.0% in 1985.
- Cash Position: Cash and equivalents constituted 5.4% of total assets in 2025, up from 0.0% in 1985.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 7.0% of total assets, an increase from 0.0% in 1985.
- Asset Diversification: The largest asset category is intangible assets at 7.8% of total assets.
Aflac Incorporated Competitors by Total Assets
Key competitors of Aflac Incorporated based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Life Insurance Corporation Of India
NSE:LICI
|
India | Rs59.49 Trillion |
|
Prudential plc
F:PRU2
|
Germany | €212.19 Billion |
|
New China Life Insurance Co Ltd
SHG:601336
|
China | CN¥1.85 Trillion |
|
Hapvida Participações e Investimentos S.A.
SA:HAPV3
|
Brazil | R$72.99 Billion |
|
Clearview Wealth Ltd
AU:CVW
|
Australia | AU$1.07 Billion |
|
Nobleoak Life Ltd
AU:NOL
|
Australia | AU$600.63 Million |
|
Manulife Financial Corp
TO:MFC
|
Canada | CA$1.03 Trillion |
|
Great-West Lifeco Inc.
TO:GWO
|
Canada | CA$862.83 Billion |
Aflac Incorporated - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 48.21 | 164.51 | 25.60 |
| Quick Ratio | 48.21 | 183.12 | 25.60 |
| Cash Ratio | 4.58 | 12.36 | 0.00 |
| Working Capital | $69.73 Billion | $74.23 Billion | $105.24 Billion |
Aflac Incorporated - Advanced Valuation Insights
This section examines the relationship between Aflac Incorporated's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.01 |
| Latest Market Cap to Assets Ratio | 0.50 |
| Asset Growth Rate (YoY) | -0.9% |
| Total Assets | $116.47 Billion |
| Market Capitalization | $58.77 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Aflac Incorporated's assets below their book value (0.50x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Aflac Incorporated's assets decreased by 0.9% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Aflac Incorporated (1985–2025)
The table below shows the annual total assets of Aflac Incorporated from 1985 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $116.47 Billion | -0.93% |
| 2024-12-31 | $117.57 Billion | -7.23% |
| 2023-12-31 | $126.72 Billion | -3.81% |
| 2022-12-31 | $131.74 Billion | -16.38% |
| 2021-12-31 | $157.54 Billion | -4.57% |
| 2020-12-31 | $165.09 Billion | +8.06% |
| 2019-12-31 | $152.77 Billion | +8.80% |
| 2018-12-31 | $140.41 Billion | +2.32% |
| 2017-12-31 | $137.22 Billion | +5.70% |
| 2016-12-31 | $129.82 Billion | +9.74% |
| 2015-12-31 | $118.30 Billion | -1.23% |
| 2014-12-31 | $119.77 Billion | -1.27% |
| 2013-12-31 | $121.31 Billion | -7.47% |
| 2012-12-31 | $131.09 Billion | +12.78% |
| 2011-12-31 | $116.24 Billion | +15.04% |
| 2010-12-31 | $101.04 Billion | +20.13% |
| 2009-12-31 | $84.11 Billion | +6.02% |
| 2008-12-31 | $79.33 Billion | +20.55% |
| 2007-12-31 | $65.81 Billion | +10.03% |
| 2006-12-31 | $59.80 Billion | +6.11% |
| 2005-12-31 | $56.36 Billion | -5.00% |
| 2004-12-31 | $59.33 Billion | +16.41% |
| 2003-12-31 | $50.96 Billion | +13.11% |
| 2002-12-31 | $45.06 Billion | +19.01% |
| 2001-12-31 | $37.86 Billion | +1.69% |
| 2000-12-31 | $37.23 Billion | +0.51% |
| 1999-12-31 | $37.04 Billion | +18.64% |
| 1998-12-31 | $31.22 Billion | +6.00% |
| 1997-12-31 | $29.45 Billion | +17.72% |
| 1996-12-31 | $25.02 Billion | -1.25% |
| 1995-12-31 | $25.34 Billion | +24.90% |
| 1994-12-31 | $20.29 Billion | +31.38% |
| 1993-12-31 | $15.44 Billion | +29.75% |
| 1992-12-31 | $11.90 Billion | +17.32% |
| 1991-12-31 | $10.14 Billion | +26.26% |
| 1990-12-31 | $8.03 Billion | +23.32% |
| 1989-12-31 | $6.52 Billion | +7.27% |
| 1988-12-31 | $6.07 Billion | +20.74% |
| 1987-12-31 | $5.03 Billion | +52.35% |
| 1986-12-31 | $3.30 Billion | +45.37% |
| 1985-12-31 | $2.27 Billion | -- |
About Aflac Incorporated
Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates in two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing care, whole life, and GIFT insurance products, as well as WAYS and child endowment, and Tsumitasu insurance products in Japan. Its Aflac U.S. segment provides accident, disability, ca… Read more