XML 124 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Securities available for sale, at fair value:    
Equity securities (cost $19 in 2014 and $17 in 2013) $ 28us-gaap_AvailableForSaleSecuritiesEquitySecurities $ 21us-gaap_AvailableForSaleSecuritiesEquitySecurities
Securities held to maturity, at amortized cost:    
Fixed maturities 34,242us-gaap_HeldToMaturitySecurities 44,415us-gaap_HeldToMaturitySecurities
Other investments 171us-gaap_OtherInvestments 463us-gaap_OtherInvestments
Cash and cash equivalents 4,658us-gaap_CashAndCashEquivalentsAtCarryingValue 2,543us-gaap_CashAndCashEquivalentsAtCarryingValue
Total investments and cash 107,341us-gaap_InvestmentsAndCash 108,459us-gaap_InvestmentsAndCash
Receivables 842us-gaap_PremiumsAndOtherReceivablesNet 1,165us-gaap_PremiumsAndOtherReceivablesNet
Accrued investment income 762us-gaap_AccruedInvestmentIncomeReceivable 798us-gaap_AccruedInvestmentIncomeReceivable
Deferred policy acquisition costs 8,273us-gaap_DeferredPolicyAcquisitionCosts 8,798us-gaap_DeferredPolicyAcquisitionCosts
Property and equipment, at cost less accumulated depreciation 429us-gaap_PropertyPlantAndEquipmentNet 481us-gaap_PropertyPlantAndEquipmentNet
Other 2,120us-gaap_OtherAssets [1] 1,606us-gaap_OtherAssets [1]
Total assets 119,767us-gaap_Assets 121,307us-gaap_Assets
Policy liabilities:    
Future policy benefits 65,646us-gaap_LiabilityForFuturePolicyBenefits 69,136us-gaap_LiabilityForFuturePolicyBenefits
Unpaid policy claims 3,630us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet 3,763us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
Unearned premiums 8,626us-gaap_UnearnedPremiums 10,642us-gaap_UnearnedPremiums
Other policyholders' funds 6,031us-gaap_OtherPolicyholderFunds 5,861us-gaap_OtherPolicyholderFunds
Total policy liabilities 83,933afl_TotalPolicyLiabilities 89,402afl_TotalPolicyLiabilities
Income taxes 5,293us-gaap_DeferredTaxAssetsLiabilitiesNet 3,718us-gaap_DeferredTaxAssetsLiabilitiesNet
Payables for return of cash collateral on loaned securities 2,193afl_ObligationToReturnCashOrSecuritiesReceivedAsCollateral 5,820afl_ObligationToReturnCashOrSecuritiesReceivedAsCollateral
Notes payable 5,282us-gaap_DebtAndCapitalLeaseObligations 4,897us-gaap_DebtAndCapitalLeaseObligations
Other 4,719us-gaap_OtherLiabilities [2] 2,850us-gaap_OtherLiabilities [2]
Commitments and contingent liabilities (Note 14)      
Total liabilities 101,420us-gaap_Liabilities 106,687us-gaap_Liabilities
Shareholders' equity:    
Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in 2014 and 2013; issued 668,132 shares in 2014 and 667,046 shares in 2013 67us-gaap_CommonStockValue 67us-gaap_CommonStockValue
Additional paid-in capital 1,711us-gaap_AdditionalPaidInCapitalCommonStock 1,644us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 22,156us-gaap_RetainedEarningsAccumulatedDeficit 19,885us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income (loss):    
Unrealized foreign currency translation gains (losses) (2,541)us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax (1,505)us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
Unrealized gains (losses) on investment securities 4,672us-gaap_AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax 1,035us-gaap_AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
Unrealized gains (losses) on derivatives (26)us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax (12)us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
Pension liability adjustment (126)us-gaap_AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax (81)us-gaap_AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
Treasury stock, at average cost (7,566)us-gaap_TreasuryStockValue (6,413)us-gaap_TreasuryStockValue
Total shareholders' equity 18,347us-gaap_StockholdersEquity 14,620us-gaap_StockholdersEquity
Total liabilities and shareholders' equity 119,767us-gaap_LiabilitiesAndStockholdersEquity 121,307us-gaap_LiabilitiesAndStockholdersEquity
Investments Other Than Consolidated Variable Interest Entities    
Securities available for sale, at fair value:    
Fixed maturities 61,407us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ dei_LegalEntityAxis
= afl_InvestmentsOtherThanConsolidatedVariableInterestEntitiesMember
53,227us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ dei_LegalEntityAxis
= afl_InvestmentsOtherThanConsolidatedVariableInterestEntitiesMember
Perpetual securities 2,240afl_AvailableForSaleSecuritiesPerpetualSecurities
/ dei_LegalEntityAxis
= afl_InvestmentsOtherThanConsolidatedVariableInterestEntitiesMember
2,479afl_AvailableForSaleSecuritiesPerpetualSecurities
/ dei_LegalEntityAxis
= afl_InvestmentsOtherThanConsolidatedVariableInterestEntitiesMember
Securities held to maturity, at amortized cost:    
Fixed maturities 34,159us-gaap_HeldToMaturitySecurities
/ dei_LegalEntityAxis
= afl_InvestmentsOtherThanConsolidatedVariableInterestEntitiesMember
44,178us-gaap_HeldToMaturitySecurities
/ dei_LegalEntityAxis
= afl_InvestmentsOtherThanConsolidatedVariableInterestEntitiesMember
Variable Interest Entity, Consolidated    
Securities available for sale, at fair value:    
Fixed maturities 4,166us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ dei_LegalEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
4,843us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ dei_LegalEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
Perpetual securities 429afl_AvailableForSaleSecuritiesPerpetualSecurities
/ dei_LegalEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
468afl_AvailableForSaleSecuritiesPerpetualSecurities
/ dei_LegalEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
Securities held to maturity, at amortized cost:    
Fixed maturities $ 83us-gaap_HeldToMaturitySecurities
/ dei_LegalEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
$ 237us-gaap_HeldToMaturitySecurities
/ dei_LegalEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
[1] Includes $106 in 2014 and 2013 of derivatives from consolidated variable interest entities
[2] Includes $318 in 2014 and $207 in 2013 of derivatives from consolidated variable interest entities