AFLAC INC
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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Policy Liabilities
The following table presents policy liabilities by segment and in total for the years ended December 31.
| (In millions) | 2023 | 2022 |
|---|---|---|
| Japan segment: | ||
| Future policy benefits | $73,638 | $77,733 |
| Other policy liabilities | 7,529 | 8,355 |
| Total Japan policy liabilities | 81,167 | 86,088 |
| U.S. segment: | ||
| Future policy benefits | 11,234 | 10,870 |
| Other policy liabilities | 365 | 317 |
| Total U.S. policy liabilities | 11,600 | 11,187 |
| Consolidated: | ||
| Future policy benefits | 83,718 | 88,241 |
| Other policy liabilities | 7,881 | 8,669 |
| Total consolidated policy liabilities (1) | $91,599 | $96,910 |
(1)The sum of the Japan and U.S. segments exceeds the total due to reinsurance and retrocession activity.
See Note 7 of the Notes to the Consolidated Financial Statements for additional information on the Company's policy liabilities.
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