Aflac (AFL) Future Policy Benefits: $64,348 Mil (As of Jun. 2026)

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AFL Aflac Inc AFL
70 GF Score
Price $120.73
GF Value $131.97
Valuation Fairly Valued
! 5 Warning Signs
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What is Aflac Future Policy Benefits?

Aflac AFL -0.28% 70 Future Policy Benefits is $64,348 Mil as of Jun. 2026. GuruFocus rates AFL with a GF Score™ of 70/100 and a GF Value™ of $131.97 (Fairly Valued). The stock has 5 warning signs investors should review.

Future Policy Benefits represents an insurance entity's net liability for future benefits (for example, death, cash surrender value) to be paid to or on behalf of policyholders, where the accounting policy describes the bases, methodologies and components of the reserve, and assumptions regarding estimates of expected investment yields, mortality, morbidity, terminations and expenses.

Aflac's quarterly future policy benefits increased from Dec. 2025 ($62,320 Mil) to Mar. 2026 ($66,782 Mil) but then declined from Mar. 2026 ($66,782 Mil) to Jun. 2026 ($64,348 Mil).

Aflac's annual future policy benefits declined from Dec. 2023 ($83,718 Mil) to Dec. 2024 ($70,381 Mil) and declined from Dec. 2024 ($70,381 Mil) to Dec. 2025 ($62,320 Mil).

Aflac Future Policy Benefits Historical Data

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The historical data trend for Aflac's Future Policy Benefits can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Aflac Future Policy Benefits Chart

Aflac Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Future Policy Benefits
Get a 7-Day Free Trial Premium Member Only Premium Member Only 90,588.00 88,241.00 83,718.00 70,381.00 62,320.00

Aflac Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Future Policy Benefits Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 71,099.00 67,143.00 62,320.00 66,782.00 64,348.00
AFL
70GF Score
Aflac Inc AFL
Future Policy Benefits is just one metric. See GF Score™, valuation, warning signs, and more.
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Aflac Future Policy Benefits Calculation

Future Policy Benefits

Frequently Asked Questions Learn more about Future Policy Benefits →
What does a Future Policy Benefits of $64,348 Mil mean?
Aflac (AFL) has a Future Policy Benefits of $64,348 Mil as of Jun. 2026. Net present value of future benefits to be paid less the future premiums to be earned for insurance companies. View historical data on Aflac and its competitors.
Is Aflac's Future Policy Benefits too high?
Aflac's current Future Policy Benefits is $64,348 Mil. Overall, Aflac has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aflac's Future Policy Benefits compare to MET and PRU?
Aflac's Future Policy Benefits of $64,348 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Future Policy Benefits for an Insurance company?
A good Future Policy Benefits depends on the Insurance industry context. However, Future Policy Benefits should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Future Policy Benefits mean?
A high Future Policy Benefits can signal that a stock is expensive relative to its fundamentals. Net present value of future benefits to be paid less the future premiums to be earned for insurance companies. View historical data on Aflac and its competitors. Aflac's current Future Policy Benefits is $64,348 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aflac stock overvalued right now?
Based on GuruFocus' analysis, Aflac (AFL) is currently considered Fairly Valued. The stock's GF Value™ is $131.97, compared to a current price of $120.73 — trading 8.5% below its estimated fair value. The current Future Policy Benefits is $64,348 Mil. Aflac's overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Future Policy Benefits calculated?
Future Policy Benefits is calculated from a company's financial statements. For Aflac (AFL), the current Future Policy Benefits is $64,348 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Aflac (AFL) Overvalued in 2026?

Based on GuruFocus' analysis, Aflac stock appears to be undervalued. The current stock price of $120.73 is trading 8.5% below its estimated GF Value™ of $131.97. GuruFocus considers Aflac to be Fairly Valued.

Key valuation signals for AFL:

  • Future Policy Benefits: $64,348 Mil
  • GF Value™: $131.97 vs. price of $120.73 (8.5% below fair value)
  • GF Score™: 70/100 with 5 warning signs

No single metric tells the full story. See the AFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Aflac Business Description

Address 1932 Wynnton Road, Columbus, GA, USA, 31999
Aflac Inc offers supplemental health insurance and life insurance in the United States and Japan. In addition to its cancer policies, the company has broadened its product offerings to include accident, dental and vision, disability, and long-term-care insurance. It markets its products through independent distributors, selling the majority of its policies directly to consumers at their places of work, and also reaches out to its customers outside of their worksite through digital mediums. The company has two reportable business segments: Aflac Japan, which generates the maximum revenue, and Aflac U.S.
70GF Score

Get the complete analysis for AFL

Future Policy Benefits is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$120.73
Price
$131.97
GF Value