Aflac (AFL) FY2024 results: revenue $18.9 billion, up 1.2% on the year
Aflac Inc. (AFL) reported revenue of $18.9 billion for fiscal 2024, the year ended 31 December 2024, up 1.2% on the year before. Net income was $5.4 billion, up 16.8%, and diluted earnings per share $9.63. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$18.9 billion
+1.2% on the year
FY2017FY2024
Operating margin
33.9%
28.1% a year earlier
FY2017FY2024
Net income
$5.4 billion
+16.8% on the year
FY2017FY2024
Diluted EPS
$9.63
+23.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,707
3,190
3,879
-15.1%
Cash from investing
2,781
817
-1,540
+240.4%
Cash from financing
-3,486
-3,723
-3,551
Depreciation and amortisation
40.0
39.0
45.0
+2.6%
Buybacks
2,800
2,801
2,401
-0.0%
Dividends paid
1,087
966
979
+12.5%
Dividend per share
$2.08
$1.76
$1.62
+18.2%
Diluted shares, weighted
565m
599m
638m
-5.6%
Shares outstanding at period end
550m
578m
615m
-4.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
26,098
21,985
20,140
+18.7%
Debt
7,402
7,240
7,295
+2.2%
Other liabilities
84,066
97,499
104,303
-13.8%
Total liabilities and equity
117,566
126,724
131,738
-7.2%
Fixed assets
387
445
530
-13.0%
Goodwill
263
265
265
-0.8%
Securities held for sale or to maturity
81,240
91,114
94,804
-10.8%
Securities borrowed
2,001
1,480
1,788
+35.2%
Cash and equivalents
6,229
4,306
3,943
+44.7%
Other assets
27,446
29,114
30,408
-5.7%
Total assets
117,566
126,724
131,738
-7.2%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.