Aflac Incorporated AFL Income Statement

Aflac incorporated (AFL)

Income statement / 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	Mar'09	Sep'08	Jun'08
Revenues:
Premiums Earned, Net
18,770	18,780	18,698	18,598	18,623	18,677	18,667	18,679	18,638	18,531	18,729	19,103	19,261	19,225	18,841	18,199	17,740	17,570	17,665	18,126	18,650	19,072	19,493	19,680	19,805	20,135	20,868	21,500	21,954	22,148	21,829	21,379	20,868	20,362	19,823	19,220	18,597	18,073	17,634	17,192	16,854	16,621	15,922	15,441	0	0	0
Net investment income
3,604	3,578	3,565	3,499	3,483	3,442	3,382	3,323	3,263	3,220	3,220	3,251	3,271	3,278	3,257	3,199	3,154	3,135	3,151	3,208	3,274	3,319	3,337	3,317	3,287	3,293	3,344	3,392	3,424	3,473	3,455	3,429	3,368	3,280	3,210	3,132	3,075	3,007	2,935	2,862	2,803	2,765	2,685	2,630	0	0	0
Realized investment gains (losses):
Other-than-temporary impairment losses realized and loan loss reserves
-	-	86	73	-	81	27	30	34	37	42	57	81	85	81	195	162	154	143	6	34	31	165	175	147	199	399	486	829	977	1,445	1,514	1,699	1,901	1,112	946	0	-	0	0	-	1,361	-622	-246	0	0	0
Other-than-temporary impairment losses recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26	15	7	0	0	0
Total other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,663	1,387	-607	-239	0	0	0
Other gains (losses)
-	-	-417	-221	-	-349	-33	-56	-111	-114	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales and redemptions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	215	255	325	302	230	237	242	215	156	195	184	262	393	609	515	474	971	990	816	594	18	-281	-85	38	-98	-85	-97	149	31	9	0	0	0
Derivative and other gains (losses)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-411	-287	-40	-42	82	68	66	31	101	78	160	336	213	348	166	154	75	-244	-135	-245	-141	97	-48	-1	-72	-86	17	0	0	0	0	-	-
Gain (Loss) on Investments
-669	-135	-503	-294	-225	-430	-60	-86	-145	-151	177	-17	-184	-14	-277	-227	123	106	169	299	274	215	92	98	197	399	207	471	-148	-349	-399	-768	-1,018	-1,552	-1,626	-1,534	-955	-422	-599	-955	-1,249	-1,212	-1,336	-990	0	0	0
Other income (loss)
107	84	72	70	70	69	65	67	66	67	72	71	69	70	102	76	80	61	82	130	116	122	93	70	82	112	94	111	102	92	83	68	76	81	78	74	67	74	66	69	93	80	77	77	0	0	0
Total revenues
21,812	22,307	21,832	21,873	21,951	21,758	22,054	21,983	21,822	21,667	22,198	22,408	22,417	22,559	21,923	21,247	21,097	20,872	21,067	21,763	22,314	22,728	23,015	23,165	23,371	23,939	24,513	25,474	25,332	25,364	24,968	24,108	23,294	22,171	21,485	20,892	20,784	20,732	20,036	19,168	18,501	18,254	17,348	17,158	0	0	0
Benefits and expenses:
Policyholder Benefits and Claims Incurred, Net
11,914	11,942	11,883	11,858	11,925	12,000	12,082	12,163	12,171	12,181	12,436	12,731	12,946	12,919	12,587	12,136	11,819	11,746	11,885	12,313	12,669	12,937	13,264	13,394	13,512	13,813	14,406	14,853	15,205	15,330	15,041	14,626	14,173	13,749	13,311	12,896	12,471	12,106	11,801	11,516	11,354	11,308	10,902	10,660	0	0	0
Acquisition and operating expenses:
Amortization of deferred policy acquisition costs
1,275	1,282	1,279	1,277	1,271	1,245	1,216	1,172	1,152	1,132	1,131	1,142	1,143	1,141	1,134	1,110	1,081	1,066	1,057	1,070	1,091	1,108	1,125	1,110	1,085	1,074	1,070	1,095	1,113	1,117	1,094	1,077	1,059	1,033	982	961	939	958	1,003	976	972	942	872	840	0	0	0
Insurance commissions
1,326	1,321	1,304	1,305	1,314	1,320	1,327	1,328	1,325	1,316	1,332	1,353	1,363	1,368	1,353	1,326	1,306	1,303	1,321	1,356	1,400	1,436	1,466	1,493	1,502	1,528	1,593	1,647	1,701	1,744	1,747	1,743	1,738	1,725	1,711	1,685	1,656	1,637	1,623	1,599	1,582	1,568	1,513	1,487	0	0	0
Insurance and other expenses
3,149	3,089	3,024	2,985	2,974	2,988	2,949	2,905	2,838	2,780	2,930	2,919	2,908	2,796	2,864	2,743	2,639	2,606	2,258	2,270	2,257	2,261	2,228	2,230	2,222	2,222	2,300	2,327	2,385	2,415	2,404	2,388	2,366	2,336	2,343	2,269	2,212	2,159	2,065	2,047	2,001	1,977	1,825	1,770	0	0	0
Interest expense
225	228	231	227	224	222	221	227	234	240	254	260	265	268	261	263	271	289	303	313	320	317	320	314	302	293	286	282	275	261	239	224	208	196	187	174	161	149	130	116	97	72	54	36	0	0	0
Other operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	407	-	417	405	177	178	168	185	189	193	191	192	192	195	197	192	189	182	181	174	167	162	154	160	157	152	141	133	0	0	0
Total acquisition and operating expenses
5,975	5,920	5,838	5,794	5,783	5,775	5,713	5,632	5,549	5,468	5,591	5,618	5,623	5,573	5,311	5,185	5,312	5,264	5,356	5,414	5,245	5,300	5,307	5,332	5,300	5,310	5,440	5,543	5,666	5,732	5,681	5,624	5,560	5,472	5,404	5,263	5,135	5,065	4,975	4,898	4,809	4,711	4,405	4,266	0	0	0
Total benefits and expenses
17,889	17,862	17,721	17,652	17,708	17,775	17,795	17,795	17,720	17,649	18,027	18,349	18,569	18,492	17,898	17,321	17,131	17,010	17,241	17,727	17,914	18,237	18,571	18,726	18,812	19,123	19,846	20,396	20,871	21,062	20,722	20,250	19,733	19,221	18,715	18,159	17,606	17,171	16,776	16,414	16,163	16,019	15,307	14,926	0	0	0
Earnings before income taxes
3,923	4,445	4,111	4,221	4,243	3,983	4,259	4,188	4,102	4,018	4,171	4,059	3,848	4,067	4,025	3,926	3,966	3,862	3,826	4,036	4,400	4,491	4,444	4,439	4,559	4,816	4,667	5,078	4,461	4,302	4,246	3,858	3,561	2,950	2,770	2,733	3,178	3,561	3,260	2,754	2,338	2,235	2,041	2,232	0	0	0
Income Tax Expense:
Income taxes
981	1,141	1,063	1,105	1,112	1,063	-718	-660	-627	-586	1,399	1,374	1,328	1,408	1,387	1,350	1,365	1,329	1,320	1,391	1,518	1,540	1,521	1,520	1,561	1,658	1,603	1,699	1,488	1,436	1,423	1,316	1,228	1,013	950	959	1,097	1,233	1,102	923	774	738	695	766	0	0	0
Net Income (Loss) Attributable to Parent
2,942	3,304	3,048	3,116	3,131	2,920	4,977	4,848	4,729	4,604	2,772	2,685	2,520	2,659	2,638	2,576	2,601	2,533	2,506	2,645	2,882	2,951	2,923	2,919	2,998	3,158	3,064	3,379	2,973	2,866	2,823	2,542	2,333	1,937	1,820	1,774	2,081	2,328	2,158	1,831	1,564	1,497	1,346	1,466	0	0	0
Net earnings per share:
Basic (in dollars per share)
0.78	1.07	1.05	1.10	1.23	0.69	1.10	1.08	0.92	3.26	0.91	0.90	0.74	-1.39	1.54	1.33	1.75	1.71	1.32	1.33	1.52	1.58	1.56	1.79	1.61	1.47	1.51	1.91	1.91	1.25	2.17	1.04	1.68	1.16	1.58	0.59	0.83	0.89	1.47	1.24	1.36	0.54	0.78	0.67	1.22	0.21	1.02
Diluted (in dollars per share)
0.78	1.07	1.04	1.09	1.23	0.70	1.09	1.07	0.91	3.25	0.90	0.89	0.73	-1.38	1.53	1.32	1.74	1.70	1.32	1.32	1.51	1.56	1.56	1.78	1.60	1.46	1.50	1.90	1.90	1.24	2.16	1.03	1.68	1.14	1.57	0.58	0.83	0.88	1.46	1.23	1.35	0.53	0.77	0.67	1.22	0.21	1.00
Weighted-average outstanding common shares used in computing earnings per share (In thousands):
Basic (in shares)
724	733	739	745	751	759	767	772	778	784	788	792	802	2,052	408	411	418	424	428	431	437	446	451	452	454	462	464	465	466	467	467	466	465	465	465	466	468	469	469	468	467	467	466	466	466	475	474
Diluted (in shares)
727	737	743	748	755	764	772	777	783	789	794	798	808	2,064	411	414	420	427	431	434	439	448	453	455	457	465	467	467	469	470	469	468	468	467	467	469	472	473	473	472	472	471	469	468	467	480	480
Cash dividends per share
0.28	-	0.27	0.27	0.27	-	0.26	0.26	0.26	-	0.22	0.22	0.22	-	0.41	0.41	0.41	-	0.39	0.39	0.39	-	0.37	0.37	0.37	-	0.35	0.35	0.35	-	0.33	0.33	0.33	-	0.30	0.30	0.30	-	0.28	0.28	0.28	-	0.28	0.28	0.28	0.24	0.24
4.00% senior notes paid January 2020
Expense on extinguishment of debt
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-