XML 72 R55.htm IDEA: XBRL DOCUMENT v3.24.0.1
BUSINESS SEGMENT AND SELECTED FOREIGN CURRENCY TRANSLATION ITEMS - Operations by Segment - Revenues (Detail) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net earned premiums, principally supplemental health insurance $ 3,385 $ 3,476 $ 3,573 $ 3,688 $ 3,523 $ 3,535 $ 3,764 $ 4,079 $ 14,123 [1] $ 14,901 [1] $ 17,095 [1]
Net investment income 865 1,004 999 943 896 920 937 903 3,811 3,656 3,818
Other income (loss) 38 47 45 46 50 50 50 69 177 220 173
Total revenues 3,777 4,950 5,172 4,800 3,948 4,704 5,315 5,173 18,701 19,140 21,554
Net investment gains (losses) $ (511) $ 423 $ 555 $ 123 $ (521) $ 199 $ 564 $ 122 590 363 468
Operating Segments                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Total revenues                 17,747 18,643 21,037
Segment Reconciling Items                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Hedge costs                 157 112 76
Hedge income                 (121) (68) (57)
Net interest cash flows from derivatives                 328 90 30
Life insurance                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net earned premiums, principally supplemental health insurance                 1,973 2,150 2,628
Aflac Japan                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net earned premiums, principally supplemental health insurance                 8,047 9,186 11,301
Net investment income                 3,033 2,867 3,139
Aflac Japan | Operating Segments                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net investment income                 2,582 2,669 3,031
Other income (loss)                 35 35 41
Total revenues                 10,664 11,890 14,373
Aflac Japan | Cancer | Operating Segments                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net earned premiums, principally supplemental health insurance [2]                 4,054 4,702 5,718
Aflac Japan | Medical and other health | Operating Segments                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net earned premiums, principally supplemental health insurance [2]                 2,451 2,706 3,287
Aflac Japan | Life insurance | Operating Segments                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net earned premiums, principally supplemental health insurance [2]                 1,542 1,778 2,296
Aflac U.S.                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net earned premiums, principally supplemental health insurance                 5,675 5,570 5,614
Net investment income                 854 759 752
Aflac U.S. | Operating Segments                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net investment income                 820 755 754
Other income (loss)                 128 161 121
Total revenues                 6,623 6,486 6,489
Aflac U.S. | Accident | Operating Segments                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net earned premiums, principally supplemental health insurance                 1,284 1,314 1,362
Aflac U.S. | Disability | Operating Segments                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net earned premiums, principally supplemental health insurance                 1,249 1,171 1,162
Aflac U.S. | Critical care | Operating Segments                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net earned premiums, principally supplemental health insurance                 1,743 1,753 1,797
Aflac U.S. | Hospital indemnity | Operating Segments                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net earned premiums, principally supplemental health insurance                 720 722 730
Aflac U.S. | Dental/vision | Operating Segments                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net earned premiums, principally supplemental health insurance                 214 199 188
Aflac U.S. | Life insurance | Operating Segments                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net earned premiums, principally supplemental health insurance                 432 372 332
Aflac U.S. | Other | Operating Segments                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net earned premiums, principally supplemental health insurance                 33 39 43
Corporate and other                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Net earned premiums, principally supplemental health insurance                 400 145 180
Net investment income                 (77) 30 (73)
Change in value of federal historic rehabilitation and solar tax credit investments                 (343) (91) (138)
Federal historic rehabilitation and solar tax credits, amount                 334 83 115
Corporate and other | Operating Segments                      
Segment Reporting, Revenue Reconciling Item [Line Items]                      
Total revenues [3]                 $ 460 $ 267 $ 175
[1] Includes a gain (loss) of $20, $(42) and $(11) in 2023, 2022 and 2021, respectively, related to remeasurement of the deferred profit liability for limited-payment contracts.
[2] Includes a gain (loss) of $20, $(42) and $(11) for 2023, 2022 and 2021, respectively, related to remeasurement of the deferred profit liability for limited-payment contracts.
[3] The change in value of federal historic rehabilitation and solar investments in partnerships of $343, $91 and $138 in 2023, 2022 and 2021, respectively, is included as a reduction to net investment income. Tax credits on these investments of $334, $83 and $115 in 2023, 2022 and 2021, respectively, have been recorded as an income tax benefit in the consolidated statements of earnings. See Note 3 for additional information on these investments.