Aflac annual return on equity
2008
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2021
2022
2023
2024
2025
Aflac Return on Equity (ROE) Growth & History (AFL)
Aflac's return on equity was 13.12% for fiscal 2025.
View full Aflac company overviewAflac annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 13.12% | −9.52 pp |
| 2024 | 2024-12-31 | 22.64% | +0.52 pp |
| 2023 | 2023-12-31 | 22.12% | −1.65 pp |
| 2022 | 2022-12-31 | 23.77% | +7.04 pp |
| 2021 | 2021-12-31 | 16.73% | +1.44 pp |
| 2020 | 2020-12-31 | 15.29% | +2.68 pp |
| 2019 | 2019-12-31 | 12.61% | +0.45 pp |
| 2018 | 2018-12-31 | 12.15% | −8.27 pp |
| 2017 | 2017-12-31 | 20.43% | +6.50 pp |
| 2016 | 2016-12-31 | 13.93% | −0.13 pp |
| 2015 | 2015-12-31 | 14.05% | −3.85 pp |
| 2014 | 2014-12-31 | 17.90% | −2.74 pp |
| 2013 | 2013-12-31 | 20.64% | +0.82 pp |
| 2012 | 2012-12-31 | 19.82% | +3.32 pp |
| 2011 | 2011-12-31 | 16.49% | −8.07 pp |
| 2010 | 2010-12-31 | 24.56% | +4.68 pp |
| 2009 | 2009-12-31 | 19.89% | +3.64 pp |
| 2008 | 2008-12-31 | 16.25% | — |
Aflac quarterly return on equity
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Q1.25
Q2.25
Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.74% | +0.50 pp |
| Q1 2026 | 2026-03-31 | 3.43% | +3.32 pp |
| Q4 2025 | 2025-12-31 | 4.74% | −2.73 pp |
| Q3 2025 | 2025-09-30 | 5.87% | +6.23 pp |
| Q2 2025 | 2025-06-30 | 2.24% | −4.84 pp |
| Q1 2025 | 2025-03-31 | 0.11% | −8.14 pp |
| Q4 2024 | 2024-12-31 | 7.47% | +6.27 pp |
| Q3 2024 | 2024-09-30 | −0.37% | −7.64 pp |
| Q2 2024 | 2024-06-30 | 7.08% | −1.05 pp |
| Q1 2024 | 2024-03-31 | 8.26% | +2.30 pp |
| Q4 2023 | 2023-12-31 | 1.20% | +0.22 pp |
| Q3 2023 | 2023-09-30 | 7.28% | −1.74 pp |
| Q2 2023 | 2023-06-30 | 8.12% | +0.61 pp |
| Q1 2023 | 2023-03-31 | 5.95% | −0.10 pp |
| Q4 2022 | 2022-12-31 | 0.98% | −2.76 pp |
| Q3 2022 | 2022-09-30 | 9.02% | +6.38 pp |
| Q2 2022 | 2022-06-30 | 7.51% | +4.15 pp |
| Q1 2022 | 2022-03-31 | 6.05% | +2.12 pp |
| Q4 2021 | 2021-12-31 | 3.74% | +0.86 pp |
| Q3 2021 | 2021-09-30 | 2.64% | −5.30 pp |
| Q2 2021 | 2021-06-30 | 3.36% | +0.47 pp |
| Q1 2021 | 2021-03-31 | 3.94% | +1.89 pp |
| Q4 2020 | 2020-12-31 | 2.88% | +0.20 pp |
| Q3 2020 | 2020-09-30 | 7.94% | +5.24 pp |
| Q2 2020 | 2020-06-30 | 2.88% | −0.13 pp |
| Q1 2020 | 2020-03-31 | 2.04% | −1.70 pp |
| Q4 2019 | 2019-12-31 | 2.68% | +0.43 pp |
| Q3 2019 | 2019-09-30 | 2.69% | −0.90 pp |
| Q2 2019 | 2019-06-30 | 3.01% | −0.45 pp |
| Q1 2019 | 2019-03-31 | 3.75% | +0.82 pp |
| Q4 2018 | 2018-12-31 | 2.25% | −8.84 pp |
| Q3 2018 | 2018-09-30 | 3.59% | +0.30 pp |
| Q2 2018 | 2018-06-30 | 3.46% | +0.05 pp |
| Q1 2018 | 2018-03-31 | 2.93% | +0.03 pp |
| Q4 2017 | 2017-12-31 | 11.09% | +7.62 pp |
| Q3 2017 | 2017-09-30 | 3.29% | +0.52 pp |
| Q2 2017 | 2017-06-30 | 3.41% | +0.83 pp |
| Q1 2017 | 2017-03-31 | 2.90% | −0.97 pp |
| Q4 2016 | 2016-12-31 | 3.47% | −0.70 pp |
| Q3 2016 | 2016-09-30 | 2.77% | −0.53 pp |
| Q2 2016 | 2016-06-30 | 2.57% | −0.64 pp |
| Q1 2016 | 2016-03-31 | 3.88% | +0.29 pp |
| Q4 2015 | 2015-12-31 | 4.18% | +0.29 pp |
| Q3 2015 | 2015-09-30 | 3.31% | −0.68 pp |
| Q2 2015 | 2015-06-30 | 3.21% | −1.66 pp |
| Q1 2015 | 2015-03-31 | 3.59% | −1.25 pp |
| Q4 2014 | 2014-12-31 | 3.88% | −0.73 pp |
| Q3 2014 | 2014-09-30 | 3.99% | −0.96 pp |
| Q2 2014 | 2014-06-30 | 4.87% | −1.21 pp |
| Q1 2014 | 2014-03-31 | 4.83% | −0.83 pp |
| Q4 2013 | 2013-12-31 | 4.61% | +0.98 pp |
| Q3 2013 | 2013-09-30 | 4.95% | −1.79 pp |
| Q2 2013 | 2013-06-30 | 6.08% | +2.61 pp |
| Q1 2013 | 2013-03-31 | 5.66% | −0.24 pp |
| Q4 2012 | 2012-12-31 | 3.64% | −0.65 pp |
| Q3 2012 | 2012-09-30 | 6.74% | +0.51 pp |
| Q2 2012 | 2012-06-30 | 3.47% | +0.98 pp |
| Q1 2012 | 2012-03-31 | 5.90% | +2.21 pp |
| Q4 2011 | 2011-12-31 | 4.29% | +0.40 pp |
| Q3 2011 | 2011-09-30 | 6.24% | −0.29 pp |
| Q2 2011 | 2011-06-30 | 2.50% | −3.62 pp |
| Q1 2011 | 2011-03-31 | 3.70% | −3.61 pp |
| Q4 2010 | 2010-12-31 | 3.89% | — |
| Q3 2010 | 2010-09-30 | 6.52% | — |
| Q2 2010 | 2010-06-30 | 6.11% | — |
| Q1 2010 | 2010-03-31 | 7.31% | — |
Aflac return on equity trends
Over the last five fiscal years, Aflac's return on equity decreased from 15.29% to 13.12%, a change of −2.17 percentage points. The latest reported quarter, Q2 2026, shows 2.74%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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