XML 60 R44.htm IDEA: XBRL DOCUMENT v3.22.0.1
BUSINESS SEGMENT AND FOREIGN INFORMATION - Operations by Segment - Revenues (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]      
Net earned premiums, principally supplemental health insurance $ 17,647 $ 18,622 $ 18,780
Total revenues 22,106 22,147 22,307
Total adjusted revenues 21,589 22,320 22,256
Net investment gains (losses) [1],[2],[3],[4] 517 (173) 51
Life insurance      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Net earned premiums, principally supplemental health insurance 2,956 3,253 3,445
Aflac Japan      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Net earned premiums, principally supplemental health insurance 11,853 12,670 12,772
Adjusted net investment income [1],[3] 3,031 2,659 2,496
Other income (loss) 41 42 45
Total revenues 14,925 15,371 15,313
Hedge costs 76 206 257
Net interest cash flows from derivatives (33) 9 (17)
Aflac Japan | Cancer      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Net earned premiums, principally supplemental health insurance 5,829 6,119 6,031
Aflac Japan | Medical and other health      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Net earned premiums, principally supplemental health insurance 3,400 3,596 3,582
Aflac Japan | Life insurance      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Net earned premiums, principally supplemental health insurance 2,624 2,955 3,159
Aflac U.S.      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Net earned premiums, principally supplemental health insurance 5,614 5,758 5,808
Adjusted net investment income [4] 754 705 720
Other income (loss) 121 102 22
Total revenues 6,489 6,565 6,550
Net interest cash flows from derivatives 2 3  
Aflac U.S. | Cancer      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Net earned premiums, principally supplemental health insurance 1,216 1,275 1,309
Aflac U.S. | Life insurance      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Net earned premiums, principally supplemental health insurance 332 298 286
Aflac U.S. | Accident and disability      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Net earned premiums, principally supplemental health insurance 2,524 2,614 2,665
Aflac U.S. | Other health      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Net earned premiums, principally supplemental health insurance 1,542 1,571 1,548
Corporate and other      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Total revenues [2],[5] 175 384 393
Hedge income 57 97 89
All other      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Net earned premiums, principally supplemental health insurance 180 $ 194 $ 200
Income (Loss) from federal historic rehabilitation and solar tax credit investments (138)    
Federal historic rehabilitation and solar tax credits, amount $ 115    
[1] Amortized hedge costs of $76, $206 and $257 in 2021, 2020 and 2019, respectively, related to certain foreign currency exposure management strategies have been reclassified from net investment gains (losses) and reported as a deduction from net investment income when analyzing operations.
[2] Amortized hedge income of $57, $97 and $89 in 2021, 2020 and 2019, respectively, related to certain foreign currency exposure management strategies has been reclassified from net investment gains (losses) and reported as an increase to net investment income when analyzing operations.
[3] Net interest cash flows from derivatives associated with certain investment strategies of $(33), $9, and $(17) in 2021, 2020, and 2019, respectively, have been reclassified from net investment gains (losses) and included in adjusted earnings as a component of net investment income when analyzing operations.
[4] Net interest cash flows from derivatives associated with certain investment strategies of $2 and $3 in 2021 and 2020, respectively, have been reclassified from net investment gains (losses) and included in adjusted earnings as a component of net investment income when analyzing operations.
[5] The change in value of federal historic rehabilitation and solar investments in partnerships of $138 in 2021 is included as a reduction to net investment income. Tax credits on these investments of $115 in 2021 has been recorded as an income tax benefit in the consolidated statement of earnings. See Note 3 of the Notes to the Consolidated Financial Statements for additional information on these investments.