Risk factors
Aflac (AFL) risk factors
Item 1A of every Aflac Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors27 risks4 new2 dropped8 reworded
Aflac Japan continues to represent the vast majority of assets and revenues, creating heavy reliance on the yen-dollar exchange rate and hedging strategies.
Filed Feb 25, 2026 - FY2024 10-K risk factors25 risks
Aflac's business is heavily concentrated in Japan, representing 55% of adjusted revenues and 77% of total assets.
Filed Feb 26, 2025