Aflac Incorporated AFL Balance Sheet

Aflac incorporated (AFL)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Dec'08
Assets:
Investments and Cash:
Available for sale, fixed maturity securities
96,288	91,262	93,940	92,435	87,924	82,895	82,296	85,881	89,033	84,313	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,531	32,982	35,012
Debt Securities, Held to Maturity, Net Carrying Amount
23,278	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt Securities, Held-to-maturity
23,287	30,085	30,733	31,007	30,163	30,318	30,421	31,259	33,377	31,430	31,998	32,613	34,401	33,350	38,772	38,346	35,515	33,459	33,729	33,293	34,262	34,242	37,743	41,134	40,858	44,415	43,607	42,718	45,204	54,426	60,054	52,413	48,834	-	41,351	31,908	28,505	30,084	28,562	26,854	-	26,687	26,328	23,559	24,436
Equity securities
660	802	830	1,087	1,041	987	1,059	1,103	1,108	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial mortgage and other loans
10,750	9,569	8,284	7,622	7,180	6,919	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity securities
660	802	830	1,087	1,041	987	1,059	1,103	1,108	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Perpetual securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,836	7,226	8,047
Available for sale securities, equity securities
-	-	-	-	-	-	-	-	-	1,023	-	-	-	-	-	-	-	-	131	29	28	-	23	23	21	21	22	22	24	23	24	23	25	25	24	23	24	23	24	23	24	24	26	26	27
Other investments
1,843	1,477	1,507	1,427	1,238	787	7,009	5,831	5,073	3,402	2,358	2,016	1,701	1,450	1,094	622	450	294	248	199	179	171	4,001	328	323	463	470	164	167	174	185	176	161	168	166	153	138	135	125	112	106	114	100	90	87
Cash and cash equivalents
4,148	4,896	4,216	3,019	3,892	4,337	3,429	3,847	4,080	3,491	4,927	4,264	4,205	4,859	5,270	3,700	3,449	4,350	3,520	3,103	4,363	4,658	2,666	2,252	1,994	2,543	2,749	2,388	2,596	2,041	2,985	2,130	2,210	2,249	1,862	1,291	2,088	2,121	2,434	2,184	1,611	2,323	1,804	1,689	941
Total investments and cash
136,967	138,091	139,510	136,597	131,438	126,243	124,214	127,921	132,671	123,659	122,489	121,896	120,503	116,361	128,935	125,983	114,320	105,897	104,900	103,280	108,711	107,341	114,691	114,734	110,493	108,459	106,712	103,936	107,400	118,219	124,215	109,255	103,104	103,462	100,808	92,984	88,441	88,230	85,585	79,532	73,998	73,192	71,625	65,572	68,550
Receivables
813	828	908	883	858	851	784	892	906	827	937	871	618	669	689	758	723	705	762	839	700	842	870	884	732	1,165	950	889	1,710	976	1,005	747	744	680	1,028	879	738	661	640	659	671	764	849	840	920
Accrued investment income
734	772	734	785	728	773	735	769	745	769	730	760	723	754	776	806	750	768	733	759	728	762	770	826	774	798	775	820	765	842	793	813	746	802	766	739	746	738	709	704	654	649	633	627	650
Deferred policy acquisition costs
10,164	10,128	10,148	10,128	9,892	9,875	9,622	9,740	9,933	9,505	9,413	9,340	9,255	8,993	9,759	9,552	8,929	8,511	8,451	8,278	8,319	8,273	8,713	9,117	8,965	8,798	9,173	9,028	9,210	9,658	10,283	9,961	9,542	9,789	10,575	10,028	9,689	9,734	9,418	8,941	8,522	8,533	8,552	8,089	8,237
Property and equipment, at cost less accumulated depreciation
586	581	562	562	559	443	435	448	448	434	439	442	444	433	476	467	443	427	430	422	428	429	449	482	481	481	510	510	527	564	625	603	591	617	626	611	604	620	610	594	583	593	599	579	597
Other
2,352	2,368	2,275	2,445	2,204	2,221	2,151	2,216	2,653	2,023	2,075	2,085	2,107	2,609	3,466	3,721	2,601	1,948	2,179	2,003	2,515	2,120	1,760	1,828	1,847	1,606	1,798	1,130	926	835	919	830	825	887	917	991	927	1,056	881	809	750	375	358	334	377
Assets
151,616	152,768	154,137	151,400	145,679	140,406	137,941	141,986	147,356	137,217	136,083	135,394	133,650	129,819	144,101	141,287	127,766	118,256	117,455	115,581	121,401	119,767	127,253	127,871	123,292	121,307	119,918	116,313	120,538	131,094	137,840	122,209	115,552	116,237	114,720	106,232	101,145	101,039	97,843	91,239	85,178	84,106	82,616	76,041	79,331
Liabilities and shareholders' equity:
Policy Liabilities:
Future policy benefits
91,393	90,335	90,824	90,117	87,011	86,368	83,856	85,046	87,268	81,857	81,116	80,652	79,624	76,106	85,163	82,611	75,071	69,687	68,971	66,701	67,292	65,646	70,062	73,830	71,689	69,136	72,744	70,297	72,077	76,463	83,065	80,078	76,332	79,278	79,119	74,472	71,604	72,103	69,329	65,180	61,530	61,501	61,887	57,788	59,310
Liability for Unpaid Claims and Claims Adjustment Expense, Net
4,693	4,659	4,741	4,706	4,625	4,584	4,530	4,524	4,630	4,392	4,368	4,281	4,230	4,045	4,346	4,261	3,990	3,802	3,809	3,695	3,673	3,630	3,829	3,941	3,875	3,763	3,853	3,760	3,877	4,034	4,267	4,057	3,885	3,981	4,033	3,855	3,735	3,719	3,662	3,437	3,298	3,270	3,315	3,128	3,118
Unearned premiums
4,044	4,243	4,544	4,763	4,859	5,090	5,224	5,600	6,084	5,959	6,262	6,547	6,825	6,916	8,401	8,726	8,286	7,857	8,121	8,102	8,460	8,626	9,742	10,715	10,779	10,642	11,601	11,551	11,963	11,904	2,315	2,068	1,854	1,704	1,554	1,306	1,232	1,197	1,118	1,002	937	926	929	847	874
Other policyholders’ funds
7,422	7,317	7,421	7,403	7,185	7,146	6,974	7,140	7,417	6,939	6,967	6,978	6,945	6,659	7,646	7,468	6,781	6,285	6,284	6,083	6,139	6,031	6,567	6,938	6,547	5,861	5,739	5,018	5,034	5,319	15,681	13,210	10,933	9,630	8,286	6,733	5,920	5,437	4,804	4,191	3,739	3,548	3,412	3,032	2,917
Total policy liabilities
107,552	106,554	107,530	106,989	103,680	103,188	100,584	102,310	105,399	99,147	98,713	98,458	97,624	93,726	105,556	103,066	94,128	87,631	87,185	84,581	85,564	83,933	90,200	95,424	92,890	89,402	93,937	90,626	92,951	97,720	105,328	99,413	93,004	94,593	92,992	86,366	82,491	82,456	78,913	73,810	69,504	69,245	69,543	64,795	66,219
Income taxes
4,610	5,370	5,737	5,243	5,182	4,020	3,887	4,069	4,407	4,745	6,195	6,057	5,626	5,387	6,247	6,714	5,106	4,340	-4,474	-4,697	-5,322	5,293	-4,469	-4,917	-4,258	-3,718	-3,255	-3,363	-3,799	-3,858	-3,263	-2,635	-2,599	-2,308	2,212	2,186	1,877	-1,969	2,146	1,964	1,629	1,653	1,361	880	1,201
Payables for return of cash collateral on loaned securities
2,969	1,876	2,189	1,557	1,969	1,052	1,970	3,712	5,368	606	522	663	1,482	526	1,053	826	830	941	907	1,023	2,615	2,193	7,025	2,972	3,313	5,820	628	1,506	207	6,277	6,591	192	193	838	858	338	244	191	147	636	486	483	106	593	1,733
Notes payable and lease obligations
6,758	6,569	6,233	6,231	5,900	5,778	5,279	5,315	5,372	5,289	5,248	5,252	5,250	5,360	5,765	5,009	4,984	4,971	5,009	5,425	6,282	5,282	4,558	4,925	4,913	4,897	4,953	4,946	4,283	4,352	4,401	3,672	3,964	3,285	3,301	3,048	3,017	3,038	3,008	2,653	2,584	2,599	2,231	1,992	1,721
Other
3,325	3,440	3,010	3,139	2,899	2,906	2,987	2,780	2,523	2,832	3,428	3,461	3,328	4,338	2,695	3,122	2,697	2,665	2,625	2,837	2,981	4,719	3,148	2,075	2,242	2,850	2,487	2,176	3,763	2,909	2,272	2,118	2,149	2,267	2,643	2,313	2,493	2,329	2,496	2,146	1,988	1,709	1,493	1,431	1,818
Liabilities
125,214	123,809	124,699	123,159	119,630	116,944	114,707	118,186	123,069	112,619	114,106	113,891	113,310	109,337	121,316	118,737	107,745	100,548	100,200	98,563	102,764	101,420	109,400	110,313	107,616	106,687	105,260	102,617	105,003	115,116	121,855	108,030	101,909	103,291	102,006	94,251	90,122	89,983	86,710	81,209	76,191	75,689	74,734	69,691	72,692
Commitments and contingent liabilities (Note 13)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-
Shareholders’ equity:
Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in 2020 and 2019; issued 1,350,650 shares in 2020 and 1,349,309 shares in 2019
135	135	135	135	135	135	135	135	135	135	67	67	67	67	67	67	67	67	67	67	67	67	67	67	67	67	67	67	67	67	66	66	66	66	66	66	66	66	66	66	66	66	66	66	66
Additional paid-in capital
2,334	2,313	2,277	2,247	2,208	2,177	2,151	2,117	2,089	2,052	2,077	2,048	2,008	1,976	1,936	1,905	1,866	1,828	1,807	1,772	1,745	1,711	1,726	1,698	1,667	1,644	1,605	1,562	1,532	1,505	1,473	1,453	1,433	1,408	1,388	1,372	1,350	1,320	1,289	1,271	1,248	1,228	1,216	1,201	1,184
Retained earnings
34,599	34,291	33,710	33,130	32,513	31,788	31,461	30,809	30,183	29,895	27,489	26,942	26,400	25,981	25,404	24,944	24,565	24,007	23,451	23,052	22,648	22,156	21,628	21,089	20,447	19,885	19,380	18,841	18,114	17,387	16,969	16,108	15,779	15,148	15,191	14,587	14,448	14,194	13,758	13,340	12,890	12,410	12,290	12,058	11,306
Accumulated other comprehensive income (loss):
Unrealized foreign currency translation gains (losses)
-1,543	-1,623	-1,479	-1,455	-1,848	-1,847	-2,113	-1,766	-1,303	-1,750	-1,715	-1,580	-1,650	-1,983	-594	-847	-1,584	-2,196	-2,533	-2,725	-2,540	-2,541	-1,805	-1,216	-1,542	-1,505	-418	-453	-141	333	1,011	865	718	984	1,109	914	862	926	809	599	412	776	862	591	750
AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax
6,043	8,548	8,970	8,055	6,561	4,234	4,240	4,836	5,206	5,964	5,437	5,173	4,474	4,805	6,120	6,441	4,684	2,986	3,214	3,384	5,026	4,672	3,402	2,915	1,944	1,035	143	-198	1,981	2,570	2,260	-	-	1,143	-	-	-	-	-	-	-	-	-1,112	-2,126	-1,211
Unrealized gains (losses) on securities not other-than-temporarily impaired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,470	1,448	-	702	752	-16	36	595	145	-197	-622	-1,103	-2,121	-1,211
Unrealized gains (losses) on other-than-temporarily impaired securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-3	-1	-6	-8	-16	-9	-5	0
Unrealized gains (losses) on derivatives
-35	-33	-33	-27	-26	-24	-24	-23	-21	-23	-23	-23	-22	-24	-19	-19	-24	-26	-28	-27	-28	-26	-17	-11	-13	-12	-8	-11	-9	-5	5	4	1	9	6	6	-5	31	-2	-3	-9	-2	-	-	-
Pension liability adjustment
277	277	207	209	206	212	194	195	197	163	168	169	170	168	143	143	140	139	125	125	126	126	80	82	82	81	178	178	180	183	189	168	167	171	135	125	126	128	107	106	105	107	118	-117	121
Treasury stock, at average cost
14,854	14,395	13,935	13,635	13,288	12,789	12,422	12,113	11,805	11,512	11,187	10,955	10,767	10,172	9,986	9,798	9,413	8,819	8,598	8,380	8,155	7,566	7,068	6,902	6,812	6,413	5,933	5,934	5,829	5,696	5,610	5,619	5,635	5,641	5,613	5,591	5,556	5,386	5,274	5,276	5,310	5,316	5,322	-5,323	5,335
Stockholders' Equity Attributable to Parent
26,402	28,959	29,438	28,241	26,049	23,462	23,234	23,800	24,287	24,598	21,977	21,503	20,340	20,482	22,785	22,550	20,021	17,708	17,255	17,018	18,637	18,347	17,853	17,558	15,676	14,620	14,658	13,696	15,535	15,978	15,985	14,179	13,643	12,946	12,714	11,981	11,023	11,056	11,133	10,030	8,987	8,417	7,882	6,350	6,639
Total liabilities and shareholders’ equity
151,616	152,768	154,137	151,400	145,679	140,406	137,941	141,986	147,356	137,217	136,083	135,394	133,650	129,819	144,101	141,287	127,766	118,256	117,455	115,581	121,401	119,767	127,253	127,871	123,292	121,307	119,918	116,313	120,538	131,094	137,840	122,209	115,552	116,237	114,720	106,232	101,145	101,039	97,843	91,239	85,178	84,106	82,616	76,041	79,331
Consolidated Entity Excluding Variable Interest Entities (VIE)
Available for sale, fixed maturity securities
92,502	86,950	89,378	87,836	83,381	78,429	77,443	80,679	83,602	78,804	75,191	74,698	72,113	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Held to maturity, fixed maturity securities
-	-	-	-	-	-	30,421	31,259	33,377	31,430	31,998	32,613	34,401	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity securities
-	-	-	-	-	-	880	348	348	270	238	280	271	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Variable Interest Entity, Consolidated
Available for sale, fixed maturity securities
3,786	4,312	4,562	4,599	4,543	4,466	4,853	5,202	5,431	5,509	5,224	5,059	4,964	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial mortgage and other loans
9,051	7,956	6,813	6,233	5,892	5,528	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Available-for-sale Securities Perpetual Securities
-	-	-	-	-	-	-	-	-	-	211	216	215	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investments
550	494	439	410	374	328	5,388	4,586	3,994	2,341	1,500	1,200	926	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities
235	126	139	107	108	102	101	92	86	128	132	133	125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Variable Interest Entity, Primary Beneficiary [Member]
Equity securities
-	-	0	187	180	160	179	755	760	753	690	1,123	1,078	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments Other Than Consolidated Variable Interest Entities
Available-for-sale Securities Perpetual Securities
-	-	-	-	-	-	-	-	-	-	1,652	1,627	1,555	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-