FinEdge Labs
A

AFL

AFLUnverified
2 segments tracked|6 years of data|Annual (10-K)
Total Revenue
$16.3B11.5%
FY2025
Operating Segments
2
Active segments
Blended Margin
29.9%
Operating margin
Highest Margin
36.8%
Aflac Japan
Segment Shift

Aflac Japan has grown from 70.2% to 57.5% of total revenue since FY2018, with 36.8% operating margins. Meanwhile, Aflac US is the fastest growing at +6.4% YoY.

Segment Revenue Over Time

Revenue Mix

Segment Breakdown — FY2025

SegmentRevenueOp. IncomeMargin% of TotalYoY
Aflac Japan$9.4B$3.4B36.8%57.5%-21.3%
Aflac US$6.9B$1.4B20.6%42.5%+6.4%

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