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POLICY LIABILITIES - Schedule of Changes in Present Value of Expected Net Premiums and Expected Future Policy Benefits (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Present value of expected future policy benefits:      
Net liability for future policy benefits $ 91,293 $ 88,241  
Cancer | Aflac Japan      
Present value of expected premiums:      
Beginning balance 19,298 25,893  
Beginning balance at original discount rate 18,221 22,470  
Effect of changes in cash flow assumptions   0 $ (639)
Effect of actual variances from expected experience   (120) (284)
Adjusted beginning of period balance   18,101 21,547
Issuances 229 947  
Interest accrual 111 459  
Net premium earned [1] (420) (1,734)  
Foreign currency translation (109) (2,997)  
Other 0 (1)  
Ending balance at original discount rate 17,912 18,221 22,470
Effect of change in discount rate assumptions 1,542 1,077  
Ending balance 19,454 19,298 25,893
Present value of expected future policy benefits:      
Beginning balance 54,766 72,747  
Beginning balance at original discount rate 47,677 56,807  
Effect of changes in cash flow assumptions   0 (721)
Effect of actual variances from expected experience   (136) (333)
Adjusted beginning of period balance   47,541 55,753
Issuances 232 960  
Interest accrual 396 1,599  
Benefit payments (825) (3,050)  
Foreign currency translation (295) (7,585)  
Other 0 0  
Ending balance at original discount rate 47,049 47,677 56,807
Effect of change in discount rate assumptions 8,750 7,089  
Ending balance 55,799 54,766 72,747
Net liability for future policy benefits 36,345 35,468  
Less: reinsurance 0 0  
Net liability for future policy benefits after reinsurance recoverable 36,345 35,468  
Medical and other health | Aflac Japan      
Present value of expected premiums:      
Beginning balance 16,714 21,174  
Beginning balance at original discount rate 16,195 18,681  
Effect of changes in cash flow assumptions   0 317
Effect of actual variances from expected experience   (25) 61
Adjusted beginning of period balance   16,170 19,059
Issuances 104 639  
Interest accrual 92 364  
Net premium earned [1] (344) (1,376)  
Foreign currency translation (100) (2,488)  
Other 0 (3)  
Ending balance at original discount rate 15,922 16,195 18,681
Effect of change in discount rate assumptions 1,045 519  
Ending balance 16,967 16,714 21,174
Present value of expected future policy benefits:      
Beginning balance 27,419 36,021  
Beginning balance at original discount rate 27,566 31,398  
Effect of changes in cash flow assumptions   0 352
Effect of actual variances from expected experience   (24) 83
Adjusted beginning of period balance   27,542 31,833
Issuances 108 646  
Interest accrual 163 642  
Benefit payments (367) (1,375)  
Foreign currency translation (171) (4,180)  
Other 0 0  
Ending balance at original discount rate 27,275 27,566 31,398
Effect of change in discount rate assumptions 1,164 (147)  
Ending balance 28,439 27,419 36,021
Net liability for future policy benefits 11,472 10,705  
Less: reinsurance 1,643 1,579  
Net liability for future policy benefits after reinsurance recoverable 9,829 9,126  
Life insurance | Aflac Japan      
Present value of expected premiums:      
Beginning balance 7,485 10,847  
Beginning balance at original discount rate 7,284 10,064  
Effect of changes in cash flow assumptions   0 (494)
Effect of actual variances from expected experience   (14) (81)
Adjusted beginning of period balance   7,270 9,489
Issuances 111 221  
Interest accrual 33 146  
Net premium earned [1] (286) (1,229)  
Foreign currency translation (44) (1,343)  
Other 0 0  
Ending balance at original discount rate 7,084 7,284 10,064
Effect of change in discount rate assumptions 319 201  
Ending balance 7,403 7,485 10,847
Present value of expected future policy benefits:      
Beginning balance 31,954 42,720  
Beginning balance at original discount rate 32,800 39,002  
Effect of changes in cash flow assumptions   0 (550)
Effect of actual variances from expected experience   (14) (91)
Adjusted beginning of period balance   32,786 38,361
Issuances 112 222  
Interest accrual 166 670  
Benefit payments (493) (1,248)  
Foreign currency translation (201) (5,205)  
Other 0 0  
Ending balance at original discount rate 32,370 32,800 39,002
Effect of change in discount rate assumptions 344 (846)  
Ending balance 32,714 31,954 42,720
Net liability for future policy benefits 25,311 24,469  
Less: reinsurance 0 0  
Net liability for future policy benefits after reinsurance recoverable 25,311 24,469  
Life insurance | Aflac U.S.      
Present value of expected premiums:      
Beginning balance 724 834  
Beginning balance at original discount rate 799 780  
Effect of changes in cash flow assumptions   0 (1)
Effect of actual variances from expected experience   (4) (16)
Adjusted beginning of period balance   795 763
Issuances 49 146  
Interest accrual 7 27  
Net premium earned [1] (33) (131)  
Foreign currency translation 0 0  
Other 4 (6)  
Ending balance at original discount rate 822 799 780
Effect of change in discount rate assumptions (60) (75)  
Ending balance 762 724 834
Present value of expected future policy benefits:      
Beginning balance 1,526 1,843  
Beginning balance at original discount rate 1,778 1,694  
Effect of changes in cash flow assumptions   0 (1)
Effect of actual variances from expected experience   (6) (21)
Adjusted beginning of period balance   1,772 1,672
Issuances 53 149  
Interest accrual 16 62  
Benefit payments (29) (103)  
Foreign currency translation 0 0  
Other 4 (2)  
Ending balance at original discount rate 1,816 1,778 1,694
Effect of change in discount rate assumptions (210) (252)  
Ending balance 1,606 1,526 1,843
Net liability for future policy benefits 844 802  
Less: reinsurance 10 9  
Net liability for future policy benefits after reinsurance recoverable 834 793  
Accident | Aflac U.S.      
Present value of expected premiums:      
Beginning balance 2,534 3,283  
Beginning balance at original discount rate 2,760 2,999  
Effect of changes in cash flow assumptions   0 (52)
Effect of actual variances from expected experience   (48) (152)
Adjusted beginning of period balance   2,712 2,795
Issuances 117 355  
Interest accrual 25 105  
Net premium earned [1] (118) (496)  
Foreign currency translation 0 0  
Other 0 1  
Ending balance at original discount rate 2,736 2,760 2,999
Effect of change in discount rate assumptions (173) (226)  
Ending balance 2,563 2,534 3,283
Present value of expected future policy benefits:      
Beginning balance 3,098 3,949  
Beginning balance at original discount rate 3,391 3,594  
Effect of changes in cash flow assumptions   0 (70)
Effect of actual variances from expected experience   (55) (177)
Adjusted beginning of period balance   3,336 3,347
Issuances 124 364  
Interest accrual 31 128  
Benefit payments (115) (456)  
Foreign currency translation 0 0  
Other 0 8  
Ending balance at original discount rate 3,376 3,391 3,594
Effect of change in discount rate assumptions (227) (293)  
Ending balance 3,149 3,098 3,949
Net liability for future policy benefits 586 564  
Less: reinsurance 0 0  
Net liability for future policy benefits after reinsurance recoverable 586 564  
Disability | Aflac U.S.      
Present value of expected premiums:      
Beginning balance 1,635 1,862  
Beginning balance at original discount rate 1,775 1,760  
Effect of changes in cash flow assumptions   0 5
Effect of actual variances from expected experience   (20) (43)
Adjusted beginning of period balance   1,755 1,722
Issuances 120 384  
Interest accrual 15 57  
Net premium earned [1] (95) (382)  
Foreign currency translation 0 0  
Other 0 (6)  
Ending balance at original discount rate 1,795 1,775 1,760
Effect of change in discount rate assumptions (112) (140)  
Ending balance 1,683 1,635 1,862
Present value of expected future policy benefits:      
Beginning balance 2,445 2,871  
Beginning balance at original discount rate 2,636 2,670  
Effect of changes in cash flow assumptions   0 5
Effect of actual variances from expected experience   (24) (48)
Adjusted beginning of period balance   2,612 2,627
Issuances 127 397  
Interest accrual 23 94  
Benefit payments (118) (483)  
Foreign currency translation 0 0  
Other 0 1  
Ending balance at original discount rate 2,644 2,636 2,670
Effect of change in discount rate assumptions (149) (191)  
Ending balance 2,495 2,445 2,871
Net liability for future policy benefits 812 810  
Less: reinsurance 0 0  
Net liability for future policy benefits after reinsurance recoverable 812 810  
Critical Care | Aflac U.S.      
Present value of expected premiums:      
Beginning balance 4,486 6,023  
Beginning balance at original discount rate 5,050 5,391  
Effect of changes in cash flow assumptions   0 (38)
Effect of actual variances from expected experience   (104) (421)
Adjusted beginning of period balance   4,946 4,932
Issuances 192 537  
Interest accrual 46 193  
Net premium earned [1] (147) (612)  
Foreign currency translation 0 0  
Other 0 0  
Ending balance at original discount rate 5,037 5,050 5,391
Effect of change in discount rate assumptions (444) (564)  
Ending balance 4,593 4,486 6,023
Present value of expected future policy benefits:      
Beginning balance 11,489 15,388  
Beginning balance at original discount rate 12,846 13,079  
Effect of changes in cash flow assumptions   0 (43)
Effect of actual variances from expected experience   (120) (465)
Adjusted beginning of period balance   12,726 12,571
Issuances 201 550  
Interest accrual 133 539  
Benefit payments (224) (823)  
Foreign currency translation 0 0  
Other 0 9  
Ending balance at original discount rate 12,836 12,846 13,079
Effect of change in discount rate assumptions (1,019) (1,357)  
Ending balance 11,817 11,489 15,388
Net liability for future policy benefits 7,224 7,003  
Less: reinsurance 0 0  
Net liability for future policy benefits after reinsurance recoverable 7,224 7,003  
Hospital Indemnity | Aflac U.S.      
Present value of expected premiums:      
Beginning balance 1,220 1,467  
Beginning balance at original discount rate 1,365 1,380  
Effect of changes in cash flow assumptions   0 42
Effect of actual variances from expected experience   (39) (111)
Adjusted beginning of period balance   1,326 1,311
Issuances 103 273  
Interest accrual 11 45  
Net premium earned [1] (62) (261)  
Foreign currency translation 0 0  
Other 0 (3)  
Ending balance at original discount rate 1,378 1,365 1,380
Effect of change in discount rate assumptions (117) (145)  
Ending balance 1,261 1,220 1,467
Present value of expected future policy benefits:      
Beginning balance 2,074 2,552  
Beginning balance at original discount rate 2,300 2,300  
Effect of changes in cash flow assumptions   0 40
Effect of actual variances from expected experience   (48) (130)
Adjusted beginning of period balance   2,252 2,210
Issuances 111 282  
Interest accrual 21 85  
Benefit payments (69) (277)  
Foreign currency translation 0 0  
Other 0 0  
Ending balance at original discount rate 2,315 2,300 2,300
Effect of change in discount rate assumptions (176) (226)  
Ending balance 2,139 2,074 2,552
Net liability for future policy benefits 878 854  
Less: reinsurance 0 0  
Net liability for future policy benefits after reinsurance recoverable 878 854  
Dental/Vision | Aflac U.S.      
Present value of expected premiums:      
Beginning balance 211 264  
Beginning balance at original discount rate 231 241  
Effect of changes in cash flow assumptions   0 10
Effect of actual variances from expected experience   (7) (20)
Adjusted beginning of period balance   224 231
Issuances 10 33  
Interest accrual 2 9  
Net premium earned [1] (10) (42)  
Foreign currency translation 0 0  
Other 2 0  
Ending balance at original discount rate 228 231 241
Effect of change in discount rate assumptions (15) (20)  
Ending balance 213 211 264
Present value of expected future policy benefits:      
Beginning balance 488 616  
Beginning balance at original discount rate 532 549  
Effect of changes in cash flow assumptions   0 13
Effect of actual variances from expected experience   (9) (23)
Adjusted beginning of period balance   523 539
Issuances 12 34  
Interest accrual 5 21  
Benefit payments (15) (62)  
Foreign currency translation 0 0  
Other 2 0  
Ending balance at original discount rate 527 532 549
Effect of change in discount rate assumptions (33) (44)  
Ending balance 494 488 616
Net liability for future policy benefits 281 277  
Less: reinsurance 0 0  
Net liability for future policy benefits after reinsurance recoverable 281 277  
Other | Aflac Japan      
Present value of expected premiums:      
Beginning balance 1,256 1,586  
Beginning balance at original discount rate 1,242 1,461  
Effect of changes in cash flow assumptions   0 25
Effect of actual variances from expected experience   (2) (10)
Adjusted beginning of period balance   1,240 1,476
Issuances 8 62  
Interest accrual 5 22  
Net premium earned [1] (31) (123)  
Foreign currency translation (8) (195)  
Other 0 0  
Ending balance at original discount rate 1,214 1,242 1,461
Effect of change in discount rate assumptions 42 14  
Ending balance 1,256 1,256 1,586
Present value of expected future policy benefits:      
Beginning balance 5,582 7,322  
Beginning balance at original discount rate 5,940 6,787  
Effect of changes in cash flow assumptions   0 96
Effect of actual variances from expected experience   0 (10)
Adjusted beginning of period balance   5,940 6,873
Issuances 9 68  
Interest accrual 27 106  
Benefit payments (61) (202)  
Foreign currency translation (35) (905)  
Other 0 0  
Ending balance at original discount rate 5,880 5,940 6,787
Effect of change in discount rate assumptions (110) (358)  
Ending balance 5,770 5,582 7,322
Net liability for future policy benefits 4,514 4,326  
Less: reinsurance 0 0  
Net liability for future policy benefits after reinsurance recoverable 4,514 4,326  
Other | Aflac U.S.      
Present value of expected premiums:      
Beginning balance 110 153  
Beginning balance at original discount rate 118 135  
Effect of changes in cash flow assumptions   0 (12)
Effect of actual variances from expected experience   (1) 6
Adjusted beginning of period balance   117 129
Issuances 14 0  
Interest accrual 1 5  
Net premium earned [1] (4) (17)  
Foreign currency translation 0 0  
Other 9 1  
Ending balance at original discount rate 137 118 135
Effect of change in discount rate assumptions (6) (8)  
Ending balance 131 110 153
Present value of expected future policy benefits:      
Beginning balance 622 837  
Beginning balance at original discount rate 624 645  
Effect of changes in cash flow assumptions   0 (15)
Effect of actual variances from expected experience   (2) 7
Adjusted beginning of period balance   622 637
Issuances 13 0  
Interest accrual 8 32  
Benefit payments (11) (45)  
Foreign currency translation 0 0  
Other 9 0  
Ending balance at original discount rate 641 624 645
Effect of change in discount rate assumptions 15 (2)  
Ending balance 656 622 $ 837
Net liability for future policy benefits 525 512  
Less: reinsurance 0 0  
Net liability for future policy benefits after reinsurance recoverable $ 525 $ 512  
[1] Net premiums earned represent the portion of gross premiums collected from policyholders that is used to fund expected benefit payments.