Capital Expenditures for Aflac (AFL)
According to Aflac's latest reported financial statements, the company's current capital expenditures (TTM) is $0 USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

AFL
Currently viewingCapital ExpendituresSwitch metric
Latest period
$0
YoY change
N/A
5Y CAGR
N/A
Peak year (1994)
$185.40M
Cumulative capital expenditures
$804.60M
CapEx history chart for Aflac (AFL) from 1989 to 2025
CapEx history table for Aflac (AFL) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $0 | — | ||
| 2024 | $0 | — | ||
| 2023 | $0 | — | ||
| 2022 | $0 | — | ||
| 2021 | $0 | — | ||
| 2020 | $0 | — | ||
| 2019 | $0 | — | ||
| 2018 | $0 | — | ||
| 2017 | $0 | — | ||
| 2016 | $0 | — | ||
| 2015 | $0 | — | ||
| 2014 | $0 | — | ||
| 2013 | $0 | — | ||
| 2012 | $0 | — | ||
| 2011 | $0 | — | ||
| 2010 | $0 | — | ||
| 2009 | $0 | -100.0% | ||
| 2008 | $49.00M | +6.5% | ||
| 2007 | $46.00M | +100.0% | ||
| 2006 | $23.00M | +43.8% | ||
| 2005 | $16.00M | -23.8% | ||
| 2004 | $21.00M | 0.0% | ||
| 2003 | $21.00M | -16.0% | ||
| 2002 | $25.00M | -44.4% | ||
| 2001 | $45.00M | +73.1% | ||
| 2000 | $26.00M | +85.7% | ||
| 1999 | $14.00M | -65.0% | ||
| 1998 | $40.00M | +344.4% | ||
| 1997 | $9.00M | -10.0% | ||
| 1996 | $10.00M | -42.5% | ||
| 1995 | $17.40M | -90.6% | ||
| 1994 | $185.40M | +65.5% | ||
| 1993 | $112.00M | +15.8% | ||
| 1992 | $96.70M | +755.8% | ||
| 1991 | $11.30M | -50.0% | ||
| 1990 | $22.60M | +59.2% | ||
| 1989 | $14.20M | — |
CapEx values are taken from Aflac's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Aflac (AFL) most recent annual capital expenditures stands at $0 (2025).
Aflac capital expenditures peaked at $185.40M in 1994; the latest annual figure is $0 in 2025 (100.0% below peak).
The dataset's maximum capital expenditures sits at $185.40M (1994); the minimum reading of $0 dates to 2009.
Aflac (AFL) sits 6th of 8 Financial Services peers we track on this metric, against a peer median of $985.50M.
Aflac Capital Expenditures by Year
Aflac Capital Expenditures 2025: $0
Aflac capital expenditures in 2025 was $0.
Aflac Capital Expenditures 2024: $0
Aflac capital expenditures in 2024 was $0.
Aflac Capital Expenditures 2023: $0
Aflac capital expenditures in 2023 was $0.
Aflac Capital Expenditures 2022: $0
Aflac capital expenditures in 2022 was $0.
Aflac Capital Expenditures 2021: $0
Aflac capital expenditures in 2021 was $0.
See more financial history for Aflac (AFL).
Sector peers — CapEx
Companies in the same sector as Aflac, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $20.93B | Financial Services |
| Morgan Stanley (MS) | $2.90B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $2.06B | Financial Services |
| Visa Inc. (V) | $1.48B | Financial Services |
| Mastercard Incorporated (MA) | $489.00M | Financial Services |
| JPMorgan Chase & Co. (JPM) | $0 | Financial Services |
| Bank of America Corporation (BAC) | $0 | Financial Services |
| Wells Fargo & Company (WFC) | $0 | Financial Services |
Frequently asked questions
What is Aflac's capital expenditures?
- Latest reported capital expenditures for Aflac (AFL) is $0 (period ending December 31, 2025).
When did Aflac capital expenditures hit its highest annual value?
- Aflac capital expenditures reached its highest annual value of $185.40M in 1994.
What was Aflac capital expenditures in 2024?
- Aflac (AFL) capital expenditures in 2024 was $0.
What was Aflac capital expenditures in 2025?
- Aflac (AFL) capital expenditures in 2025 was $0.
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