AFLAC Files 2023 10-K, Details Financials and Operations

TL;DR

**AFLAC just dropped its 2023 10-K, giving us the full financial picture for the year!**

AI Summary

AFLAC INC filed its 10-K on February 22, 2024, for the fiscal year ending December 31, 2023. The company, an accident and health insurer based in Columbus, GA, reported its financial status and operations. This filing provides an overview of their performance and risks for the past year.

Why It Matters

This filing provides transparency into AFLAC's financial health and operational risks, crucial for investors and policyholders to assess the company's stability and future prospects.

Risk Assessment

Risk Level: medium — As an insurance company, AFLAC faces inherent risks related to investment performance, claims, and regulatory changes, which are typically detailed in a 10-K.

Key Numbers

• 192 — Public Document Count (Indicates the volume of information in the filing.)
• 20231231 — Conformed Period of Report (Specifies the fiscal year-end covered by the report.)
• 20240222 — Filed As Of Date (Indicates when the 10-K was officially submitted to the SEC.)
• 6321 — Standard Industrial Classification (Identifies AFLAC's primary business as Accident & Health Insurance.)
• 7063233431 — Business Phone (Direct contact number for AFLAC INC.)

Key Players & Entities

• AFLAC INC (company) — Filer of the 10-K
• February 22, 2024 (date) — Date of 10-K filing
• December 31, 2023 (date) — Conformed period of report end date
• Columbus, GA (company) — Business address location
• 0000004977 (company) — Central Index Key (CIK) for AFLAC INC
• 001-07434 (company) — SEC File Number for AFLAC INC

FAQ

From the Filing

0000004977-24-000053.txt : 20240222 0000004977-24-000053.hdr.sgml : 20240222 20240222143409 ACCESSION NUMBER: 0000004977-24-000053 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 192 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240222 DATE AS OF CHANGE: 20240222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AFLAC INC CENTRAL INDEX KEY: 0000004977 STANDARD INDUSTRIAL CLASSIFICATION: ACCIDENT & HEALTH INSURANCE [6321] ORGANIZATION NAME: 02 Finance IRS NUMBER: 581167100 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07434 FILM NUMBER: 24664211 BUSINESS ADDRESS: STREET 1: 1932 WYNNTON RD CITY: COLUMBUS STATE: GA ZIP: 31999 BUSINESS PHONE: 7063233431 MAIL ADDRESS: STREET 1: 1932 WYNNTON ROAD CITY: COLUMBUS STATE: GA ZIP: 31999 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN FAMILY CORP DATE OF NAME CHANGE: 19920306 10-K 1 afl-20231231.htm 10-K afl-20231231 0000004977 2023 FY FALSE http://www.aflac.com/20231231#JapanNationalGovernmentMember http://www.aflac.com/20231231#JapanNationalGovernmentMember http://www.aflac.com/20231231#JapanNationalGovernmentMember http://www.aflac.com/20231231#JapanNationalGovernmentMember http://www.aflac.com/20231231#JapanNationalGovernmentMember http://www.aflac.com/20231231#JapanNationalGovernmentMember http://fasb.org/us-gaap/2023#NetInvestmentIncome http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#NetInvestmentIncome http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#NetInvestmentIncome http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#OtherLiabilities http://fasb.org/us-gaap/2023#OtherLiabilities http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#OtherComprehensiveIncomeLossBeforeTax http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#OtherComprehensiveIncomeLossBeforeTax http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#DebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2023#DebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2023#DebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2023#DebtAndCapitalLeaseObligations P3Y http://fasb.org/us-gaap/2023#OperatingExpenses http://fasb.org/us-gaap/2023#OperatingExpenses http://fasb.org/us-gaap/2023#OperatingExpenses 0000004977 2023-01-01 2023-12-31 0000004977 exch:XNYS 2023-01-01 2023-12-31 0000004977 2023-06-30 iso4217:USD 0000004977 2024-02-15 xbrli:shares 0000004977 2022-01-01 2022-12-31 0000004977 2021-01-01 2021-12-31 iso4217:USD xbrli:shares 0000004977 srt:ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember 2023-12-31 0000004977 srt:ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember 2022-12-31 0000004977 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2023-12-31 0000004977 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2022-12-31 0000004977 2023-12-31 0000004977 2022-12-31 0000004977 us-gaap:CommonStockMember 2020-12-31 0000004977 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0000004977 us-gaap:RetainedEarningsMember 2020-12-31 0000004977 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0000004977 us-gaap:TreasuryStockCommonMember 2020-12-31 0000004977 2020-12-31 0000004977 us-gaap:CommonStockMember us-gaap:AccountingStandardsUpdate201812Member srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2020-12-31 0000004977 us-gaap:AccountingStandardsUpdate201812Member us-gaap:AdditionalPaidInCapitalMember srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2020-12-31 0000004977 us-gaap:AccountingStandardsUpdate201812Member us-gaap:RetainedEarningsMember srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2020-12-31 0000004977 us-gaap:AccumulatedOtherComprehensiveIncomeMember us-gaap:AccountingStandard