Aflac annual debt-to-equity ratio
2010
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2025
Aflac Debt-to-Equity Ratio Growth & History (AFL)
Aflac's debt-to-equity ratio was 0.29 for fiscal 2025.
View full Aflac company overviewAflac annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.29 | −0.00 | −1.09% |
| 2024 | 2024-12-31 | 0.29 | −0.05 | −14.56% |
| 2023 | 2023-12-31 | 0.34 | −0.04 | −9.59% |
| 2022 | 2022-12-31 | 0.38 | −0.10 | −20.47% |
| 2021 | 2021-12-31 | 0.47 | 0.23 | +97.51% |
| 2020 | 2020-12-31 | 0.24 | 0.01 | +3.30% |
| 2019 | 2019-12-31 | 0.23 | −0.01 | −5.80% |
| 2018 | 2018-12-31 | 0.25 | 0.03 | +14.54% |
| 2017 | 2017-12-31 | 0.22 | −0.05 | −17.84% |
| 2016 | 2016-12-31 | 0.26 | −0.02 | −6.78% |
| 2015 | 2015-12-31 | 0.28 | −0.01 | −2.49% |
| 2014 | 2014-12-31 | 0.29 | −0.05 | −14.05% |
| 2013 | 2013-12-31 | 0.33 | 0.06 | +22.97% |
| 2012 | 2012-12-31 | 0.27 | 0.02 | +7.34% |
| 2011 | 2011-12-31 | 0.25 | −0.03 | −11.97% |
| 2010 | 2010-12-31 | 0.29 | — | — |
Aflac quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.29 | −0.04 | −12.43% |
| Q1 2026 | 2026-03-31 | 0.27 | −0.03 | −10.52% |
| Q4 2025 | 2025-12-31 | 0.29 | −0.00 | −1.09% |
| Q3 2025 | 2025-09-30 | 0.31 | −0.02 | −6.11% |
| Q2 2025 | 2025-06-30 | 0.33 | 0.04 | +14.71% |
| Q1 2025 | 2025-03-31 | 0.30 | −0.04 | −12.57% |
| Q4 2024 | 2024-12-31 | 0.29 | −0.05 | −14.56% |
| Q3 2024 | 2024-09-30 | 0.33 | 0.01 | +4.07% |
| Q2 2024 | 2024-06-30 | 0.29 | −0.06 | −18.20% |
| Q1 2024 | 2024-03-31 | 0.34 | −0.04 | −10.87% |
| Q4 2023 | 2023-12-31 | 0.34 | −0.04 | −9.59% |
| Q3 2023 | 2023-09-30 | 0.31 | −0.07 | −18.28% |
| Q2 2023 | 2023-06-30 | 0.35 | −0.03 | −8.34% |
| Q1 2023 | 2023-03-31 | 0.38 | −0.07 | −15.02% |
| Q4 2022 | 2022-12-31 | 0.38 | −0.10 | −20.47% |
| Q3 2022 | 2022-09-30 | 0.38 | 0.14 | +56.97% |
| Q2 2022 | 2022-06-30 | 0.39 | 0.14 | +57.73% |
| Q1 2022 | 2022-03-31 | 0.45 | 0.19 | +75.55% |
| Q4 2021 | 2021-12-31 | 0.47 | 0.23 | +97.51% |
| Q3 2021 | 2021-09-30 | 0.24 | −0.00 | −0.55% |
| Q2 2021 | 2021-06-30 | 0.24 | −0.02 | −9.08% |
| Q1 2021 | 2021-03-31 | 0.26 | −0.01 | −2.07% |
| Q4 2020 | 2020-12-31 | 0.24 | 0.01 | +3.30% |
| Q3 2020 | 2020-09-30 | 0.25 | 0.03 | +13.53% |
| Q2 2020 | 2020-06-30 | 0.27 | 0.04 | +19.58% |
| Q1 2020 | 2020-03-31 | 0.26 | 0.03 | +13.16% |
| Q4 2019 | 2019-12-31 | 0.23 | −0.01 | −5.80% |
| Q3 2019 | 2019-09-30 | 0.22 | −0.01 | −4.94% |
| Q2 2019 | 2019-06-30 | 0.22 | 0.00 | +0.72% |
| Q1 2019 | 2019-03-31 | 0.23 | 0.01 | +4.52% |
| Q4 2018 | 2018-12-31 | 0.25 | 0.03 | +14.54% |
| Q3 2018 | 2018-09-30 | 0.23 | −0.01 | −4.85% |
| Q2 2018 | 2018-06-30 | 0.22 | −0.02 | −8.57% |
| Q1 2018 | 2018-03-31 | 0.22 | −0.04 | −14.31% |
| Q4 2017 | 2017-12-31 | 0.22 | −0.05 | −17.84% |
| Q3 2017 | 2017-09-30 | 0.24 | −0.01 | −5.62% |
| Q2 2017 | 2017-06-30 | 0.24 | 0.02 | +9.96% |
| Q1 2017 | 2017-03-31 | 0.26 | 0.01 | +3.69% |
| Q4 2016 | 2016-12-31 | 0.26 | −0.02 | −6.78% |
| Q3 2016 | 2016-09-30 | 0.25 | −0.04 | −12.84% |
| Q2 2016 | 2016-06-30 | 0.22 | −0.10 | −30.32% |
| Q1 2016 | 2016-03-31 | 0.25 | −0.09 | −26.15% |
| Q4 2015 | 2015-12-31 | 0.28 | −0.01 | −2.49% |
| Q3 2015 | 2015-09-30 | 0.29 | 0.03 | +13.70% |
| Q2 2015 | 2015-06-30 | 0.32 | 0.04 | +13.65% |
| Q1 2015 | 2015-03-31 | 0.34 | 0.02 | +7.55% |
| Q4 2014 | 2014-12-31 | 0.29 | −0.05 | −14.05% |
| Q3 2014 | 2014-09-30 | 0.26 | −0.08 | −24.44% |
| Q2 2014 | 2014-06-30 | 0.28 | −0.08 | −22.33% |
| Q1 2014 | 2014-03-31 | 0.31 | 0.04 | +13.68% |
| Q4 2013 | 2013-12-31 | 0.33 | 0.06 | +22.97% |
| Q3 2013 | 2013-09-30 | 0.34 | 0.06 | +22.73% |
| Q2 2013 | 2013-06-30 | 0.36 | 0.10 | +39.45% |
| Q1 2013 | 2013-03-31 | 0.28 | −0.01 | −5.11% |
| Q4 2012 | 2012-12-31 | 0.27 | 0.02 | +7.34% |
| Q3 2012 | 2012-09-30 | 0.28 | 0.00 | +1.39% |
| Q2 2012 | 2012-06-30 | 0.26 | — | — |
| Q1 2012 | 2012-03-31 | 0.29 | — | — |
| Q4 2011 | 2011-12-31 | 0.25 | −0.03 | −11.97% |
| Q3 2011 | 2011-09-30 | 0.27 | — | — |
| Q4 2010 | 2010-12-31 | 0.29 | — | — |
Aflac debt-to-equity ratio trends
Over the last five fiscal years, Aflac's debt-to-equity ratio increased from 0.24 to 0.29, a change of 0.05. The latest reported quarter, Q2 2026, shows 0.29.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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