Aflac Incorporated : 2023 Statutory Financial Results

February 28, 2024

ANNUAL STATEMENT

OF THE

American Family Life Assurance Company of Columbus (Aflac)

TO THE

Insurance Department

OF THE

STATE OF

FOR THE YEAR ENDED

DECEMBER 31, 2023

[ ] LIFE, ACCIDENT AND HEALTH

[ ] FRATERNAL BENEFIT SOCIETIES

2023

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE American Family Life Assurance Company of Columbus (Aflac)

ASSETS

		Current Year		Prior Year
	1	2	3	4
			Net Admitted Assets	Net Admitted
	Assets	Nonadmitted Assets	(Cols. 1 - 2)	Assets
1. Bonds (Schedule D)	.......... 12,022,441,172	.................................0	.......... 12,022,441,172	.......... 11,954,530,648

2. Stocks (Schedule D):

	2.1 Preferred stocks				0	0	0	0
	2.2 Common stocks				411,228,847	0	411,228,847	592,353,132
3.	Mortgage loans on real estate (Schedule B):
	3.1 First liens					1,643,206,481	0	1,643,206,481	1,783,424,580
	3.2 Other than first liens			0	0	0	0
4.	Real estate (Schedule A):
	4.1 Properties occupied by the company (less $	0
	encumbrances)				17,762,933	0	17,762,933	19,567,197
	4.2 Properties held for	the production of income (less
	$		0	encumbrances)	24,958,402	0	24,958,402	0
	4.3 Properties held for sale (less $	0
	encumbrances)				0	0	0	0
5.	Cash ($	791,668	, Schedule E - Part 1), cash equivalents
	($	177,910,426	, Schedule E - Part 2) and short-term
	investments ($	2,050,000 , Schedule DA)	180,752,094	0	180,752,094	295,892,859
6.	Contract loans (including $	.................................	0	premium notes)	19,300,614	0	19,300,614	15,753,765
7.	Derivatives (Schedule DB)			0	0	0	0
8.	Other invested assets (Schedule BA)	564,255,672	71,328,223	492,927,449	458,172,368
9.	Receivables for securities			7,582,328	0	7,582,328	7,307,565
10.	Securities lending reinvested collateral assets (Schedule DL)	263,732,129	0	263,732,129	276,821,270
11.	Aggregate write-ins for invested assets	44,631,575	0	44,631,575	59,164,666
12.	Subtotals, cash and invested assets (Lines 1 to 11)	15,199,852,247	71,328,223	15,128,524,024	15,462,988,050
13.	Title plants less $		0 charged off (for Title insurers
	only)					0	0	0	0
14.	Investment income due and accrued	166,875,265	0	166,875,265	169,015,769
15.	Premiums and considerations:
	15.1 Uncollected premiums and agents' balances in the course of collection	404,879,533	46,045,333	358,834,200	370,079,911
	15.2 Deferred premiums, agents' balances and installments booked but
	deferred and not yet due (including $	0
	............................................................earned but unbilled premiums)	7,018,525	.................................0	................... 7,018,525	................... 6,827,533
	15.3 Accrued retrospective premiums ($	0 ) and
	contracts subject to redetermination ($	0 )
	.................................0	0	0	0
16.	Reinsurance:
	....................................................16.1 Amounts recoverable from reinsurers	................... 2,180,777	.................................0	................... 2,180,777	................... 3,884,252
	..........................16.2 Funds held by or deposited with reinsured companies	.................................0	.................................0	.................................0	.................................0
	........................16.3 Other amounts receivable under reinsurance contracts	4,662,971	0	4,662,971	4,623,721
17.	Amounts receivable relating to uninsured plans	171,034	0	171,034	1,532,208
18.1	Current federal and foreign income tax recoverable and interest thereon ....	118,964,592	0	118,964,592	0
18.2	...................................................................................Net deferred tax asset				................872,931,393	............... 528,088,446	................344,842,947	................307,952,029
19.	......................................................Guaranty funds receivable or on deposit	................. 24,714,233	.................................0	................. 24,714,233	................. 29,338,633
20.	.....................................Electronic data processing equipment and software	1,895,028	1,127,041	767,987	2,492,883
21.	Furniture and equipment, including health care delivery assets
	($		0	)	15,577,430	15,577,430	0	0
22.	.........Net adjustment in assets and liabilities due to foreign exchange rates	.................................0	.................................0	.................................0	.................................0
23.	.....................................Receivables from parent, subsidiaries and affiliates	................. 71,118,242	.................................0	................. 71,118,242	................. 60,593,356
24.	Health care ($	.................................		0 ) and other amounts receivable
			155,316,590	155,316,590	0	0
25.	Aggregate write-ins for other than invested assets	167,302,815	153,336,937	13,965,878	16,628,858
26.	Total assets excluding Separate Accounts, Segregated Accounts and
	Protected Cell Accounts (Lines 12 to 25)	17,213,460,675	970,820,000	16,242,640,675	16,435,957,203
27.	From Separate Accounts, Segregated Accounts and Protected Cell
	Accounts					0	0	0	0
28.	Total (Lines 26 and 27)					17,213,460,675	970,820,000	16,242,640,675	16,435,957,203
	DETAILS OF WRITE-INS
1101.	....................................................Receivable for cash collateral pledged	44,631,575	0	44,631,575	59,164,666
1102.	......................................................................................................................	....................................	....................................	....................................	....................................
1103.	......................................................................................................................	....................................	....................................	....................................	....................................
1198.	...................Summary of remaining write-ins for Line 11 from overflow page	0	0	0	0
1199.	Totals (Lines 1101 thru 1103 plus 1198)(Line 11 above)
44,631,575	0	44,631,575	59,164,666
2501.	Prepaid premium tax recoverable	13,965,878	0	13,965,878	16,628,858
2502.	.........................................................................................................Intangible assets				86,327,699	86,327,699	0	0
2503.	.........................................................................................Prepaid expenses				................. 28,847,480	................. 28,847,480	.................................0	.................................0
2598.	Summary of remaining write-ins for Line 25 from overflow page	38,161,758	38,161,758	0	0
2599.	Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above)	167,302,815	153,336,937	13,965,878	16,628,858

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE American Family Life Assurance Company of Columbus (Aflac)

LIABILITIES, SURPLUS AND OTHER FUNDS

					1	2
					Current Year	Prior Year
1.	Aggregate reserve for life contracts $	................917,462,840 (Exh. 5, Line 9999999) less $	0
	included in Line 6.3 (including $	1,727,991 Modco Reserve)	..........................................................................	917,462,840	865,077,022
2.	Aggregate reserve for accident and health contracts (including $	0 Modco Reserve)	9,134,853,898	9,042,887,153
3.	Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $	.................................0	Modco Reserve)	................505,982,273	610,314,880

4. Contract claims:


4.1	Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less Col. 6)	................. 47,412,033	................. 56,688,902
4.2	Accident and health (Exhibit 8, Part 1, Line 4.4, Col. 6)	............ 1,331,320,029	............ 1,400,751,578
5. Policyholders' dividends/refunds to members $	0 and coupons $	0 due
and unpaid (Exhibit 4, Line 10)	.................................0	.................................0

6. Provision for policyholders' dividends, refunds to members and coupons payable in following calendar year - estimated amounts:


6.1	Policyholders' dividends and refunds to members apportioned for payment (including $	.................................0
	Modco)	.................................	0	0
6.2	Policyholders' dividends and refunds to members not yet apportioned (including $	0 Modco)	0	0
6.3	Coupons and similar benefits (including $	0 Modco)	0	0
7. Amount provisionally held for deferred dividend policies not included in Line 6	0	0

8. Premiums and annuity considerations for life and accident and health contracts received in advance less

$	0 discount; including $	20,681,404 accident and health premiums (Exhibit 1,
Part 1, Col. 1, sum of lines 4 and 14)	................. 21,604,363	27,598,813

9. Contract liabilities not included elsewhere:

	9.1	Surrender values on canceled contracts					0	0
	9.2	Provision for experience rating refunds, including the liability of $	0	accident and health
		experience rating refunds of which $	0 is for medical loss ratio rebate per the Public Health
		Service Act						0	0
	9.3 Other amounts payable on reinsurance, including $	77,615,142	assumed and $	70,607
		ceded						77,685,749	80,940,333
	9.4 Interest maintenance reserve (IMR, Line 6)					51,078,054	54,179,846
10.	Commissions to agents due or accrued-life and annuity contracts $	6,050,431	accident and health
	$	................. 57,074,618	and deposit-type contract funds $	0		63,125,049	25,275,299
11.	Commissions and expense allowances payable on reinsurance assumed				529,268	1,382,008
12.	General expenses due or accrued (Exhibit 2, Line 12, Col. 7)	..................................................................................................				223,818,608	213,139,560
13.	Transfers to Separate Accounts due or accrued (net) (including $	0	accrued for expense
	allowances recognized in reserves, net of reinsured allowances)				0	0
14.	Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 6)	25,191,693	34,688,694
15.1	Current federal and foreign income taxes, including $	(4,088,570) on realized capital gains (losses)	0	21,612,842
15.2	Net deferred tax liability						0	0
16.	Unearned investment income					0	0
17.	Amounts withheld or retained by reporting entity as agent or trustee				3,147,723	2,848,957
18.	...................Amounts held for agents' account, including $	.........................................7,178,631 agents' credit balances	8,544,722	...................6,288,215
19.	........................................................................................................................................Remittances and items not allocated					................. 31,388,331	................. 23,745,199
20.	.....................................................................................Net adjustment in assets and liabilities due to foreign exchange rates				0	.................................0
21.	Liability for benefits for employees and agents if not included above				0	0
22.	Borrowed money $	0 and interest thereon $	0	............................................	0	0
23.	........................................................................................................................Dividends to stockholders declared and unpaid					.................................0	.................................0
24.	Miscellaneous liabilities:
	24.01 Asset valuation reserve (AVR, Line 16, Col. 7)
					238,812,180	238,029,569
	24.02 Reinsurance in unauthorized and certified ($	0	) companies		0	0
	24.03 Funds held under reinsurance treaties with unauthorized and certified ($	.................................	0	) reinsurers	0	0
	..................................................................................................................24.04 Payable to parent, subsidiaries and affiliates					................301,518,040	................202,873,947
	...........................................................................................................................................................24.05 Drafts outstanding						.................................0	.................................0
	24.06 Liability for amounts held under uninsured plans
					0	0
	24.07 Funds held under coinsurance					0	0
	24.08 Derivatives						52,649,498	73,924,390
	......................................................................................................................................................24.09 Payable for securities					................... 6,138,210	................. 20,577,231
	..........................................................................................................................................24.10 Payable for securities lending					................263,732,129	................276,821,270
	24.11 Capital notes $	.................................0 and interest thereon $		0	.................................0	.................................0
25.	................................................................................................................................................Aggregate write-ins for liabilities					56,083,792	59,548,630
26.	.....................................................................................Total liabilities excluding Separate Accounts business (Lines 1 to 25)				13,362,078,482	13,339,194,338
27.	.........................................................................................................................................From Separate Accounts Statement					.................................0	.................................0
28.	Total liabilities (Lines 26 and 27)					13,362,078,482	13,339,194,338
29.	...............................................................................................................................................................Common capital stock						................... 7,025,039	................... 7,025,039
30.	...............................................................................................................................................................Preferred capital stock						.................................0	.................................0
31.	...........................................................................................................Aggregate write-ins for other than special surplus funds					.................................0	.................................0
32.	Surplus notes
					130,000,000	130,000,000
33.	Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1)	...............................................	637,200,053	588,508,552
34.	Aggregate write-ins for special surplus funds					0	0
35.	Unassigned funds (surplus)	.......................................................................................................................................................					............ 2,106,337,101	............ 2,371,229,274
36.	Less treasury stock, at cost:
	36.1		0 shares common (value included in Line 29	$	.................................	0	)
	.................................		0	0
	36.2		0 shares preferred (value included in Line 30	$	.................................	0	)	0	0
	.................................
37.	.................................Surplus (Total Lines 31+32+33+34+35-36) (including $		........0 in Separate Accounts Statement)	2,873,537,154	3,089,737,826
38.	......................................................................................................................Totals of Lines 29, 30 and 37 (Page 4, Line 55)					2,880,562,193	3,096,762,865
39.	Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)						16,242,640,675	16,435,957,203
	DETAILS OF WRITE-INS
2501.	Other liabilities
					20,400,945	................. 31,990,513
2502.	............................................................................................................................................................Funds held for escheat						................. 32,918,672	................. 29,736,350
2503.	Payable for return of cash collateral
				9,954,967	2,039,141
2598.	..............................................................................................Summary of remaining write-ins for Line 25 from overflow page				................. (7,190,792)	................. (4,217,374)
2599.	Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above)						56,083,792	59,548,630
3101		....................................
3102		....................................
3103		....................................
3198.	..............................................................................................Summary of remaining write-ins for Line 31 from overflow page				.................................0	.................................0
3199.	Totals (Lines 3101 thru 3103 plus 3198)(Line 31 above)
					0	0
3401		....................................

3402		....................................
3403		....................................
3498.	Summary of remaining write-ins for Line 34 from overflow page	.................................0	.................................0
3499.	Totals (Lines 3401 thru 3403 plus 3498)(Line 34 above)	0	0

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE American Family Life Assurance Company of Columbus (Aflac)

SUMMARY OF OPERATIONS

1	2
Current Year	Prior Year

1. Premiums and annuity considerations for life and accident and health contracts (Exhibit 1, Part 1, Line 20.4, Col. 1 less

	Col. 8)	4,663,416,166	4,774,879,874
2.	Considerations for supplementary contracts with life contingencies	0	0
3.	Net investment income (Exhibit of Net Investment Income, Line 17)	826,102,801	781,208,238
4.	Amortization of Interest Maintenance Reserve (IMR, Line 5)	1,592,091	(6,683,447)
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	0	0
6.	Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1)	123,766	128,316
7.	Reserve adjustments on reinsurance ceded	(25,068)	(66,865)

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management, administration and contract guarantees from Separate
	Accounts	0	0
	8.2 Charges and fees for deposit-type contracts	0	.................................0
	8.3 Aggregate write-ins for miscellaneous income	26,661,918	41,988,946

9.	Total (Lines 1 to 8.3)	5,517,871,674	5,591,455,062
10.	Death benefits	................. 94,189,020	................121,471,930
11.	Matured endowments (excluding guaranteed annual pure endowments)	........................ 38,805	........................ 28,030
12.	Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 5 minus Analysis of Operations Summary, Line 18, Col. 1)	.................................0	.................................0
13.	Disability benefits and benefits under accident and health contracts	............ 1,853,270,322	............ 1,842,474,865
14.	Coupons, guaranteed annual pure endowments and similar benefits	.................................0	.................................0
15.	Surrender benefits and withdrawals for life contracts	................. 11,201,318	...................8,089,641
16.	Group conversions	.................................0	.................................0
17.	Interest and adjustments on contract or deposit-type contract funds	................. 22,973,110	................... 8,107,942
18.	Payments on supplementary contracts with life contingencies	.................................0	.................................0
19.	Increase in aggregate reserves for life and accident and health contracts	158,907,426	245,183,768
20.	Totals (Lines 10 to 19)	2,140,580,001	............ 2,225,356,176

21. Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only) (Exhibit 1, Part

	2, Line 31, Col. 1)	................652,581,817	................647,735,701
22.	Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1)	................212,680,072	................220,236,325
23.	General insurance expenses and fraternal expenses (Exhibit 2, Line 10, Cols. 1, 2, 3, 4 and 6)	................952,932,784	................953,601,474
24.	Insurance taxes, licenses and fees, excluding federal income taxes (Exhibit 3, Line 7, Cols. 1 + 2 + 3 + 5)	................126,359,620	................125,632,534
25.	Increase in loading on deferred and uncollected premiums	...................1,590,455	.......................239,530
26.	Net transfers to or (from) Separate Accounts net of reinsurance	.................................0	.................................0
27.	Aggregate write-ins for deductions	762,794	527,136
28.	Totals (Lines 20 to 27)	4,087,487,543	4,173,328,876

29. Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus

	Line 28)	............ 1,430,384,131	1,418,126,186
30.	Dividends to policyholders and refunds to members	2,506	2,620
31.	Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29
	minus Line 30)	............ 1,430,381,625	1,418,123,566
32.	Federal and foreign income taxes incurred (excluding tax on capital gains)	285,988,699	282,472,913

33. Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before

	realized capital gains or (losses) (Line 31 minus Line 32)		1,144,392,926	1,135,650,653
34.	Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of
	$	(4,088,570) (excluding taxes of $	......................................(401,315) transferred to the IMR)	(38,251,847)	(2,123,743)
35.	Net income (Line 33 plus Line 34)		1,106,141,079	............ 1,133,526,910
		CAPITAL AND SURPLUS ACCOUNT
36.	...................................................................................Capital and surplus, December 31, prior year (Page 3, Line 38, Col. 2)	3,096,762,865	2,626,554,019
37.	Net income (Line 35)		1,106,141,079	............ 1,133,526,910
38.	..............................Change in net unrealized capital gains (losses) less capital gains tax of $	0	..............(399,057,470)	................(81,891,395)
39.	Change in net unrealized foreign exchange capital gain (loss)		.................................0	.................................0
40.	...........................................................................................................................................Change in net deferred income tax		................. 59,674,777	................. 12,726,418
41.	..................................................................................................................................................Change in nonadmitted assets		..............(256,045,879)	................. 53,052,837
42.	.............................................................................Change in liability for reinsurance in unauthorized and certified companies	.................................0	.................................0
43.	Change in reserve on account of change in valuation basis, (increase) or decrease	.................................0	.................................0
44.	Change in asset valuation reserve		.....................(782,610)	................(60,974,531)
45.	..........................................................................Change in treasury stock (Page 3, Lines 36.1 and 36.2, Col. 2 minus Col. 1)	.................................0	.................................0
46.	..............................................................................Surplus (contributed to) withdrawn from Separate Accounts during period	.................................0	.................................0
47.	......................................................................................................Other changes in surplus in Separate Accounts Statement		.................................0	.................................0
48.	Change in surplus notes		.................................0	.................................0
49.	Cumulative effect of changes in accounting principles		.................................0	.................................0
50.	Capital changes:
	50.1 Paid in			.................................0	.................................0
	........................................................................................................................50.2 Transferred from surplus (Stock Dividend)		.................................0	.................................0
	50.3 Transferred to surplus		.................................0	.................................0
51.	Surplus adjustment:
	51.1 Paid in			................. 48,691,501	.................................0
	.............................................................................................................................51.2 Transferred to capital (Stock Dividend)		.................................0	.................................0
	....................................................................................................................................................51.3 Transferred from capital		.................................0	.................................0
	51.4 Change in surplus as a result of reinsurance		.................................0	.................................0
52.	.........................................................................................................................................................Dividends to stockholders		..............(893,526,653)	..............(593,861,672)
53.	..................................................................................................................Aggregate write-ins for gains and losses in surplus		118,704,583	7,630,280
54.	Net change in capital and surplus for the year (Lines 37 through 53)	(216,200,672)	470,208,846
55.	Capital and surplus, December 31, current year (Lines 36 + 54) (Page 3, Line 38)		2,880,562,193	3,096,762,865
	DETAILS OF WRITE-INS
........................................................................................................................08.301. Administrative service fees from affiliates		................. 11,397,698	................... 5,739,564
08.302. Realized foreign exchange gain/(loss)		7,445,154	................. 30,320,012
08.303. Investment income from reinsurance assumed		6,563,623	................... 5,119,395
08.398. Summary of remaining write-ins for Line 8.3 from overflow page	.............................................................................................	................... 1,255,443	...................... 809,975
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398)(Line 8.3 above)			26,661,918	41,988,946
2701.	Reserve adjustment from reinsurance assumed		.......................762,794	.......................527,136

2702
2703
2798.	Summary of remaining write-ins for Line 27 from overflow page	0	.................................0
2799.	Totals (Lines 2701 thru 2703 plus 2798)(Line 27 above)	762,794	527,136
5301.	Correction of error agent advance	142,745,936	.................................0
5302.	Minimum pension liability	2,349,000	................... 7,668,995
5303.	Other surplus adjustment	18,623	.......................(38,715)
5398.	Summary of remaining write-ins for Line 53 from overflow page	................(26,408,976)	.................................0
5399.	Totals (Lines 5301 thru 5303 plus 5398)(Line 53 above)	118,704,583	7,630,280

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE American Family Life Assurance Company of Columbus (Aflac)

CASH FLOW

			1	2
			Current Year	Prior Year
	Cash from Operations
1.	Premiums collected net of reinsurance	............ 4,662,796,802	............ 4,810,489,782
2.	Net investment income	................834,733,323	................774,939,593
3.	Miscellaneous income	19,410,433	11,855,063
4.	Total (Lines 1 through 3)	5,516,940,558	5,597,284,438
5.	Benefit and loss related payments	............ 2,057,958,979	............ 2,011,688,881
6.	.......................................................Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts	.................................0	.................................0
7.	Commissions, expenses paid and aggregate write-ins for deductions	............ 1,910,639,164	............ 2,000,791,526
8.	Dividends paid to policyholders	..........................2,506	..........................2,620
9.	Federal and foreign income taxes paid (recovered) net of $	(4,088,570) tax on capital gains (losses)	422,076,248	207,118,936
10.	Total (Lines 5 through 9)	4,390,676,897	4,219,601,963
11.	Net cash from operations (Line 4 minus Line 10)	1,126,263,661	1,377,682,475

Cash from Investments

12. Proceeds from investments sold, matured or repaid:

	12.1	Bonds	................617,669,360	............... 595,995,985
	12.2	Stocks	................... 9,179,700	................. 28,810,536
	12.3	Mortgage loans	................186,664,473	................496,278,081
	12.4	Real estate	.................................0	.................................0
	12.5	Other invested assets	................... 3,551,668	................. 16,364,784
	12.6	Net gains or (losses) on cash, cash equivalents and short-term investments	.....................(166,963)	.................................0
	12.7	Miscellaneous proceeds	27,622,232	147,716,292
	12.8 Total investment proceeds (Lines 12.1 to 12.7)	................844,520,470	............ 1,285,165,678
13. Cost of investments acquired (long-term only):
	13.1	Bonds	................711,924,481	............ 1,215,452,361
	13.2	Stocks	................264,936,805	............... 240,422,095
	13.3	Mortgage loans	................107,436,640	................583,184,743
	13.4	Real estate	.......................573,172	...................... 596,159
	13.5	Other invested assets
	................. 30,438,833	................. 33,107,741
	13.6	Miscellaneous applications	14,713,784	55,208,649
	13.7	Total investments acquired (Lines 13.1 to 13.6)	1,130,023,715	2,127,971,748
14. Net increase/(decrease) in contract loans and premium notes	3,546,849	3,128,745
15.	Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14)	(289,050,093)	(845,934,814)
		Cash from Financing and Miscellaneous Sources
16.	Cash provided (applied):
	16.1	Surplus notes, capital notes	.................................0	.................................0
	................................................................................................................16.2 Capital and paid in surplus, less treasury stock	.................................0	.................................0
	.................................................................................................................................................................16.3 Borrowed funds	.................................0	.................................0
	..............................................................................16.4 Net deposits on deposit-type contracts and other insurance liabilities	..............(104,332,607)	............... 209,410,104

	.................................................................................................................................................16.5 Dividends to stockholders	................893,526,653	................593,861,672
	...........................................................................................................................................16.6 Other cash provided (applied)	45,504,927	(128,018,313)
17.	Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)	(952,354,333)	(512,469,881)
		RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

........................................18. Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17)	(115,140,765)	19,277,781
19.	Cash, cash equivalents and short-term investments:
	...............................................................................................................................................................19.1 Beginning of year	............... 295,892,859	................276,615,078
	19.2 End of year (Line 18 plus Line 19.1)	180,752,094	295,892,859
Note: Supplemental disclosures of cash flow information for non-cash transactions:
20.0001. Non-CashCapital Contribution - SCA Investments	................. 48,161,818	.................................0
20.0002. Non-CashCapital Contribution	...................... 529,683	.................................0
20.0003. Pension liability adjustment	................. (2,973,418)	................. (9,707,588)
20.0004. Real Estate Owned - Schedule A	................. 25,016,726	.................................0
..........................................................................................................................................20.0005. Real Estate Owned - Schedule BA	................. 21,484,170	.................................0

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE American Family Life Assurance Company of Columbus (Aflac)

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - SUMMARY

		1	2	3	4	5	6	7		8		9
										Other Lines of		YRT Mortality
		Total	Individual Life	Group Life	Individual Annuities	Group Annuities	Accident and Health	Fraternal		Business		Risk Only
1.	Premiums and annuity considerations for life and accident and health contracts	4,663,416,166	249,323,768	59,440,094	0	0	4,354,652,304	.................................	0	.................................	0	0
2.	Considerations for supplementary contracts with life contingencies	................................. 0	...............XXX	...............XXX	................................. 0	................................. 0	...............XXX	...............XXX	.................................	0	...............XXX
3.	Net investment income	.................826,102,801	.................. 66,081,664	.................... 3,523,174	................................. 0	................................. 0	.................756,497,963	.................................	0	.................................	0	................................. 0
4.	Amortization of Interest Maintenance Reserve (IMR)	.................... 1,592,091	....................... 125,038	...........................6,801	................................. 0	................................. 0	.................... 1,460,252	.................................	0	.................................	0	................................. 0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	.................................	0	................................. 0
6.	Commissions and expense allowances on reinsurance ceded	....................... 123,766	....................... 123,766	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	.................................	0	................................. 0
7.	Reserve adjustments on reinsurance ceded	(25,068)	(25,068)	0	0	0	0	...............XXX	.................................	0	0

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management, administration and
	contract guarantees from Separate Accounts	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	................................. 0	................................. 0
	8.2 Charges and fees for deposit-type contracts	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	...............XXX	................................. 0	................................. 0
	8.3 Aggregate write-ins for miscellaneous income	26,661,918	993,740	54,049	0	0	25,614,129	0	0	0
9.	Totals (Lines 1 to 8.3)	5,517,871,674	316,622,908	63,024,118	0	0	5,138,224,648	0	0	0
10.	Death benefits	...................94,189,020	.................. 63,028,093	...................31,160,927	0	0	...............XXX	...............XXX	0	0
11.	Matured endowments (excluding guaranteed annual pure endowments)	.........................38,805	.........................38,805	................................. 0	................................. 0	................................. 0	...............XXX	...............XXX	................................. 0	................................. 0
12.	Annuity benefits	................................. 0	...............XXX	...............XXX	................................. 0	................................. 0	...............XXX	...............XXX	................................. 0	...............XXX
13.	Disability benefits and benefits under accident and health contracts	..............1,853,270,323	....................... 692,067	...........................3,442	................................. 0	................................. 0	..............1,852,574,814	...............XXX	................................. 0	................................. 0
14.	Coupons, guaranteed annual pure endowments and similar benefits	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	................................. 0	................................. 0
15.	Surrender benefits and withdrawals for life contracts	11,201,318	...................11,175,717	.........................25,601	0	0	...............XXX	...............XXX	0	0
16.	Group conversions	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	................................. 0	................................. 0
17.	Interest and adjustments on contract or deposit-type contract funds	...................22,973,110	.................... 1,812,805	.........................98,092	................................. 0	................................. 0	...................21,062,213	...............XXX	................................. 0	................................. 0
18.	Payments on supplementary contracts with life contingencies	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	...............XXX	................................. 0	................................. 0
19.	Increase in aggregate reserves for life and accident and health contracts	158,907,426	49,143,373	3,242,445	0	0	106,521,608	XXX	0	0
20.	Totals (Lines 10 to 19)	2,140,580,002	125,890,860	34,530,507	0	0	1,980,158,635	...............XXX	0	0
21.	Commissions on premiums, annuity considerations and deposit-type contract funds
	(direct business only)	.................652,581,816	.................. 54,276,784	.................. 12,831,345	................................. 0	................................. 0	.................585,473,687	................................. 0	................................. 0	...............XXX
22.	Commissions and expense allowances on reinsurance assumed	.................212,680,073	................................. 0	....................1,288,445	................................. 0	................................. 0	.................211,391,628	...............XXX	................................. 0	................................. 0
23.	General insurance expenses and fraternal expenses	952,932,784	63,831,670	15,217,805	0	0	873,883,309	0	0	0
24.	Insurance taxes, licenses and fees, excluding federal income taxes	.................126,359,621	.................... 8,259,967	.................... 1,969,220	................................. 0	................................. 0	.................116,130,434	................................. 0	................................. 0	................................. 0
25.	Increase in loading on deferred and uncollected premiums	.................... 1,590,455	.................... 1,590,455	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	................................. 0	................................. 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	................................. 0	................................. 0
27.	Aggregate write-ins for deductions	762,794	0	0	0	0	762,794	0	0	0
28.	Totals (Lines 20 to 27)	4,087,487,545	253,849,736	65,837,322	0	0	3,767,800,487	0	0	0
29.	Net gain from operations before dividends to policyholders, refunds to members and
	federal income taxes (Line 9 minus Line 28)	1,430,384,130	62,773,172	(2,813,204)	0	0	1,370,424,162	0	0	0
30.	Dividends to policyholders and refunds to members	2,506	2,506	0	0	0	0	XXX	0	0
31.	Net gain from operations after dividends to policyholders, refunds to members and
	before federal income taxes (Line 29 minus Line 30)	1,430,381,624	62,770,666	(2,813,204)	0	0	1,370,424,162	0	0	0
32.	Federal income taxes incurred (excluding tax on capital gains)	285,988,698	12,550,288	(562,469)	0	0	274,000,879	0	0	0
33.	Net gain from operations after dividends to policyholders, refunds to members and
	federal income taxes and before realized capital gains or (losses) (Line 31 minus
	Line 32)	1,144,392,925	50,220,378	(2,250,735)	0	0	1,096,423,282	0	0	0
34.	Policies/certificates in force end of year	8,538,031	585,048	82,799	0	0	7,870,184	XXX	0	0
	DETAILS OF WRITE-INS
..................................................................08.301. Other Income from Reinsurance Assumed	.................... 6,563,623	................................. 0	................................. 0	................................. 0	................................. 0	.................... 6,563,623	................................. 0	................................. 0	................................. 0
..................................................................08.302. Realized Foreign Exchange Gain (Loss)	.................... 7,445,154	................................. 0	................................. 0	................................. 0	................................. 0	.................... 7,445,154	................................. 0	................................. 0	................................. 0
........................................................08.303. Administrative Service Fees from Affiliates	...................11,397,699	....................... 895,142	.........................48,686	................................. 0	................................. 0	.................. 10,453,871	................................. 0	................................. 0	................................. 0
08.398. Summary of remaining write-ins for Line 8.3 from overflow page	.................... 1,255,442	98,598	5,363	0	0	1,151,481	0	0	0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	26,661,918	993,740	54,049	0	0	25,614,129	0	0	0
2701.	Reserve Adjustment from Reinsurance Assumed	762,794	0	0	0	0	762,794	0	0	0
2702	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
2703	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	762,794	0	0	0	0	762,794	0	0	0

6.1

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE American Family Life Assurance Company of Columbus (Aflac)

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL LIFE INSURANCE (b)

		1	2	3	4	5	6	7	8		9		10		11		12
								Universal Life
								With Secondary			Variable		Credit Life		Other Individual		YRT Mortality
		Total	Industrial Life	Whole Life	Term Life	Indexed Life	Universal Life	Guarantees	Variable Life		Universal Life		(c)		Life		Risk Only
1.	Premiums for life contracts (a)	........... 249,323,768	..........................0	105,743,310	........... 143,580,458	..........................0	..........................0	..........................0	..........................	0	..........................	0	..........................	0	..........................	0	..........................0
2.	Considerations for supplementary contracts with life contingencies	...........XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX
3.	Net investment income	.............66,081,664	..........................0	............ 36,191,345	............ 29,890,319	..........................0	..........................0	..........................0	..........................	0	..........................	0	..........................	0	..........................	0	..........................0
4.	Amortization of Interest Maintenance Reserve (IMR)	................. 125,038	..........................0	.................. 67,341	.................. 57,697	..........................0	..........................0	..........................0	..........................	0	..........................	0	..........................	0	..........................	0	..........................0

5. Separate Accounts net gain from operations excluding unrealized gains or

	losses	0		0	0		0	0		..........................	0	..........................	0	..........................	0	..........................	0	0		0	0
6.	Commissions and expense allowances on reinsurance ceded				..........................0		123,766		..........................0		..........................0		..........................	0		0		0		0		..........................0		..........................0		..........................0
	.................123,766								..........................	..........................	..........................
7.	Reserve adjustments on reinsurance ceded		................. (25,068)		..........................0		(25,068)		..........................0		..........................0		..........................	0		0		0		0		..........................0		..........................0		..........................0
								..........................	..........................	..........................
8.	Miscellaneous Income:
	8.1 Income from fees associated with investment management,
	administration and contract guarantees from Separate Accounts		..........................0		..........................0		..........................0		..........................0		..........................0		..........................	0	..........................	0	..........................	0	..........................	0		..........................0		..........................0		..........................0
	8.2 Charges and fees for deposit-type contracts		..........................0		..........................0		0		..........................0		..........................0		..........................	0	..........................	0	..........................	0	..........................	0		..........................0		..........................0		..........................0
	8.3 Aggregate write-ins for miscellaneous income		993,740		0		535,196		458,544		0				0		0		0		0		0		0		0
9.	Totals (Lines 1 to 8.3)		316,622,908		0		142,635,890		173,987,018		0				0		0		0		0		0		0		0
10.	Death benefits		.............63,028,093		..........................0		10,770,155		.............52,257,938		..........................0		..........................	0	..........................	0	..........................	0	..........................	0		..........................0		..........................0		..........................0
11.	Matured endowments (excluding guaranteed annual pure endowments)												..........................	0		0		0		0
	...................38,805		..........................0		11,926		.................. 26,879		..........................0				..........................	..........................	..........................		..........................0		..........................0		..........................0
12.	Annuity benefits		...........XXX	XXX		XXX	XXX		.......................XXX		XXX	XXX	XXX	XXX		XXX	XXX		XXX
13.	Disability benefits and benefits under accident and health contracts		................. 692,067		..........................0		85,842		................. 606,225		..........................0		..........................	0		0		0		0		..........................0		..........................0		..........................0
								..........................	..........................	..........................
14.	Coupons, guaranteed annual pure endowments and similar benefits		..........................0		..........................0				..........................0		..........................0		..........................	0		0		0		0		..........................0		..........................0		..........................0
			..........................0						..........................	..........................	..........................
15.	Surrender benefits and withdrawals for life contracts		............ 11,175,717		..........................0		9,555,261		.............. 1,620,456		..........................0		..........................	0	..........................	0	..........................	0	..........................	0		..........................0		..........................0		..........................0
16.	Group conversions		..........................0		..........................0		0		..........................0		..........................0		..........................	0	..........................	0	..........................	0	..........................	0		..........................0		..........................0		..........................0
17.	Interest and adjustments on contract or deposit-type contract funds		.............. 1,812,805		..........................0		976,318		.................836,487		..........................0		..........................	0	..........................	0	..........................	0	..........................	0		..........................0		..........................0		..........................0
18.	Payments on supplementary contracts with life contingencies		..........................0		..........................0		0		..........................0		..........................0		..........................	0		0		0		0		..........................0		..........................0		..........................0
								..........................	..........................	..........................
19.	...Increase in aggregate reserves for life and accident and health contracts		49,143,373		0		45,330,636		3,812,737		0				0		0		0		0		0		0		0
20.	Totals (Lines 10 to 19)		........... 125,890,860		..........................0		66,730,138		.............59,160,722		..........................0		..........................	0	..........................	0	..........................	0	..........................	0		..........................0		..........................0		..........................0
21.	Commissions on premiums, annuity considerations and deposit-type
	contract funds (direct business only)		.............54,276,784		..........................0		29,180,769		.............25,096,015		..........................0		..........................	0	..........................	0	..........................	0	..........................	0		..........................0		..........................0		...........XXX
22.	Commissions and expense allowances on reinsurance assumed		..........................0		..........................0		0		..........................0		..........................0		..........................	0		0		0		0		..........................0		..........................0		..........................0
								..........................	..........................	..........................
23.	General insurance expenses		.............63,831,670		..........................0				............ 36,759,353		..........................0		..........................	0		0		0		0		..........................0		..........................0		..........................0
			............ 27,072,317						..........................	..........................	..........................
24.	Insurance taxes, licenses and fees, excluding federal income taxes												..........................	0		0		0		0
	.............. 8,259,967		..........................0		3,503,221		..............4,756,746		..........................0				..........................	..........................	..........................		..........................0		..........................0		..........................0
25.	Increase in loading on deferred and uncollected premiums		.............. 1,590,455		..........................0		1,590,455		..........................0		..........................0		..........................	0	..........................	0	..........................	0	..........................	0		..........................0		..........................0		..........................0
26.	Net transfers to or (from) Separate Accounts net of reinsurance		..........................0		..........................0		0		..........................0		..........................0		..........................	0		0		0		0		..........................0		..........................0		..........................0
								..........................	..........................	..........................
27.	Aggregate write-insfor deductions		0		0		0		0		0				0		0		0		0		0		0		0
28.	Totals (Lines 20 to 27)		253,849,736		0		128,076,900		125,772,836		0				0		0		0		0		0		0		0
29.	Net gain from operations before dividends to policyholders, refunds to
	members and federal income taxes (Line 9 minus Line 28)	............ 62,773,172		..........................0		14,558,990		.............48,214,182		..........................0		..........................	0	..........................	0	..........................	0	..........................	0		..........................0		..........................0		..........................0
30.	Dividends to policyholders and refunds to members		2,506		0		0		2,506		0				0		0		0		0		0		0		0
31.	Net gain from operations after dividends to policyholders, refunds to
	members and before federal income taxes (Line 29 minus Line 30)		.............62,770,666		..........................0		14,558,990		.............48,211,676		..........................0		..........................	0	..........................	0	..........................	0	..........................	0		..........................0		..........................0		..........................0
32.	Federal income taxes incurred (excluding tax on capital gains)		12,550,288		0		2,910,906		9,639,382		0				0		0		0		0		0		0		0
33.	Net gain from operations after dividends to policyholders, refunds to
	members and federal income taxes and before realized capital gains or
	(losses) (Line 31 minus Line 32)		50,220,378		0		11,648,084		38,572,294		0				0		0		0		0		0		0		0
34.	Policies/certificates in force end of year		585,048		0		303,516		281,532		0				0		0		0		0		0		0		0
	DETAILS OF WRITE-INS
08.301.	Administrative Service Fees from Affiliates												..........................	0		0		0		0
	.................895,141		..........................0		482,094		.................413,047		..........................0				..........................	..........................	..........................		..........................0		..........................0		..........................0
08.302.	Other Income		...................27,202		..........................0		14,650		...................12,552		..........................0		..........................	0	..........................	0	..........................	0	..........................	0		..........................0		..........................0		..........................0
08.303.	Interest on Agents' Balances		...................86,240		..........................0		46,446		.................. 39,794		..........................0		..........................	0	..........................	0	..........................	0	..........................	0		..........................0		..........................0		..........................0
08.398. Summary of remaining write-ins for Line 8.3 from overflow page		.................(14,843)		..........................0		(7,994)		.................. (6,849)		..........................0		..........................	0		0		0		0		..........................0		..........................0		..........................0
								..........................	..........................	..........................
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)		993,740		0		535,196		458,544		0				0		0		0		0		0		0		0
2701	.............................		.............................		.............................	.............................		.............................		.............................	.............................	.............................	.............................		.............................		.............................		.............................
2702	.............................	.............................		.............................	.............................		.............................	.............................	.............................	.............................	.............................		.............................	.............................		.............................
2703	.............................		.............................		.............................	.............................		.............................	.............................	.............................	.............................	.............................		.............................	.............................		.............................
2798.	Summary of remaining write-ins for Line 27 from overflow page		..........................0		..........................0		0		..........................0		..........................0		..........................	0		0		0		0		..........................0		..........................0		..........................0
								..........................	..........................	..........................
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)		0		0		0		0		0				0		0		0		0		0		0		0
(a) Include premium amounts for preneed plans included in Line 1	0
(b) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected.	......................................................................................................................................................................................
(c) Individual and Group Credit Life are combined and included on					page. (Indicate whether included with Individual or Group.)

6.2

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE American Family Life Assurance Company of Columbus (Aflac)

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - GROUP LIFE INSURANCE (c)

		1	2	3	4		5		6		7		8		9
									Variable Universal		Credit Life		Other Group Life		YRT Mortality
		Total	Whole Life	Term Life	Universal Life		Variable Life		Life		(d)		(a)		Risk Only
1.	Premiums for life contracts (b)	.................59,440,094	15,685,871	.................43,754,223	...............................	0	...............................	0	...............................	0	...............................	0	...............................	0	............................... 0
2.	Considerations for supplementary contracts with life contingencies	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX
3.	Net investment income	...................3,523,174	......................509,009	...................3,014,165	...............................	0	...............................	0	...............................	0	...............................	0	...............................	0	............................... 0
4.	Amortization of Interest Maintenance Reserve (IMR)	.........................6,801	............................ 983	.........................5,818	...............................	0	...............................	0	...............................	0	...............................	0	...............................	0	............................... 0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	............................... 0	............................... 0	............................... 0	...............................	0	...............................	0	...............................	0	...............................	0	...............................	0	............................... 0
6.	Commissions and expense allowances on reinsurance ceded	............................... 0	............................... 0	............................... 0	...............................	0	...............................	0	...............................	0	...............................	0	...............................	0	............................... 0
7.	Reserve adjustments on reinsurance ceded	0	0	0	...............................	0	...............................	0	...............................	0	...............................	0	...............................	0	0

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management, administration and contract
	guarantees from Separate Accounts	............................... 0	............................... 0	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0
	8.2 Charges and fees for deposit-type contracts	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
	8.3 Aggregate write-ins for miscellaneous income	54,049	7,809	46,240	0	0	0	0	0	0
9.	Totals (Lines 1 to 8.3)	63,024,118	16,203,672	46,820,446	0	0	0	0	0	0
10.	Death benefits	................. 31,160,927	3,321,175	.................27,839,752	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
11.	Matured endowments (excluding guaranteed annual pure endowments)	............................... 0	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0

12.	Annuity benefits	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX
13.	Disability benefits and benefits under accident and health contracts	.........................3,442	............................... 0	.........................3,442	0	............................... 0	............................... 0	0	............................... 0	............................... 0
14.	Coupons, guaranteed annual pure endowments and similar benefits	............................... 0	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
15.	Surrender benefits and withdrawals for life contracts	....................... 25,601	....................... 25,601	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
16.	Group conversions	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
17.	Interest and adjustments on contract or deposit-type contract funds	....................... 98,092	....................... 14,172	....................... 83,920	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
18.	Payments on supplementary contracts with life contingencies	............................... 0	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
19.	Increase in aggregate reserves for life and accident and health contracts	.................. 3,242,445	3,674,535	.................... (432,090)	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
20.	Totals (Lines 10 to 19)	.................34,530,507	7,035,483	.................27,495,024	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0

21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct

	business only)	12,831,345	8,171,191	4,660,154	0	0	0	0	0	...............XXX
22.	Commissions and expense allowances on reinsurance assumed	1,288,445	0	1,288,445	0	0	0	0	0	0
23.	General insurance expenses	.................15,217,805	.................. 4,015,884	................. 11,201,921	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
24.	Insurance taxes, licenses and fees, excluding federal income taxes	...................1,969,220	......................519,665	...................1,449,555	0	............................... 0	............................... 0	0	............................... 0	............................... 0
25.	Increase in loading on deferred and uncollected premiums	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	............................... 0	............................... 0	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0
27.	Aggregate write-ins for deductions	0	0	0	0	0	0	0	0	0
28.	Totals (Lines 20 to 27)	65,837,322	19,742,223	46,095,099	0	0	0	0	0	0
29.	Net gain from operations before dividends to policyholders, refunds to members and federal
	income taxes (Line 9 minus Line 28)	.................(2,813,204)	(3,538,551)	......................725,347	0	............................... 0	............................... 0	0	............................... 0	............................... 0
30.	Dividends to policyholders and refunds to members	0	0	0	0	0	0	0	0	0
31.	Net gain from operations after dividends to policyholders, refunds to members and before
	federal income taxes (Line 29 minus Line 30)	.................(2,813,204)	(3,538,551)	......................725,347	0	............................... 0	............................... 0	0	............................... 0	............................... 0
32.	Federal income taxes incurred (excluding tax on capital gains)	(562,469)	(707,494)	145,025	0	0	0	0	0	0
33.	Net gain from operations after dividends to policyholders, refunds to members and federal
	income taxes and before realized capital gains or (losses) (Line 31 minus Line 32)	(2,250,735)	(2,831,057)	580,322	0	0	0	0	0	0
34.	Policies/certificates in force end of year	82,799	33,938	48,861	0	0	0	0	0	0
	DETAILS OF WRITE-INS
...................................................................08.301. Administrative Service Fees from Affiliates	....................... 48,686	.........................7,034	....................... 41,652	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
.....................................................................................................................08.302. Other Income	.........................1,480	............................ 214	......................... 1,266	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
...........................................................................................08.303. Interest on Agents' Balances	......................... 4,691	............................ 678	......................... 4,013	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
.........................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	.......................... (808)	...........................(117)	...........................(691)	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	54,049	7,809	46,240	0	0	0	0	0	0
2701	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2702
...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2703	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	0	0	0	0	0	0	0	0	0

(a) Includes the following amounts for FEGLI/SGLI:	Line 1	0 , Line 10	0 , Line 16	0 , Line 23	0 , Line 24	0
(b) Include premium amounts for preneed plans included in Line 1	0
(c) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected.	......................................................................................................................................................................................
(d) Individual and Group Credit Life are combined and included on	page. (Indicate whether included with Individual or Group.)

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE American Family Life Assurance Company of Columbus (Aflac)

Analysis of Operations by Lines of Business - Individual Annuities

N O N E

Analysis of Operations by Lines of Business - Group Annuities

N O N E

6.3, 6.4

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Aflac Incorporated published this content on 29 February 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2024 21:46:59 UTC.

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
83.61 ^USD	-0.14%		+0.46%	+1.35%

Apr. 15	Morgan Stanley Raises Price Target on Aflac to $84 From $80, Maintains Equalweight Rating	MT
Apr. 11	Wells Fargo Cuts Price Target on Aflac to $81 From $83, Keeps Equalweight Rating	MT

Morgan Stanley Raises Price Target on Aflac to $84 From $80, Maintains Equalweight Rating	Apr. 15	MT
Wells Fargo Cuts Price Target on Aflac to $81 From $83, Keeps Equalweight Rating	Apr. 11	MT
Piper Sandler Raises Price Target on Aflac to $95 From $90, Maintains Overweight Rating	Apr. 05	MT
Aflac Insider Sold Shares Worth $423,105, According to a Recent SEC Filing	Mar. 22	MT
Aflac Incorporated Enters into Note Purchase Agreement and Issues Senior Notes	Mar. 21	CI
Aflac Insider Sold Shares Worth $666,760, According to a Recent SEC Filing	Mar. 15	MT
Transcript : Aflac Incorporated Presents at Bank of America Securities Financial Services Conference 2024, Feb-21-2024 03:20 PM	Feb. 21
Aflac Insider Sold Shares Worth $2,436,696, According to a Recent SEC Filing	Feb. 20	MT
Aflac Insider Sold Shares Worth $2,577,817, According to a Recent SEC Filing	Feb. 20	MT
Wells Fargo Adjusts Price Target on Aflac to $83 From $82, Maintains Equalweight Rating	Feb. 06	MT
Aflac Insider Sold Shares Worth $1,247,282, According to a Recent SEC Filing	Feb. 06	MT
Aflac Insider Sold Shares Worth $1,391,408, According to a Recent SEC Filing	Feb. 06	MT
Raymond James Raises Aflac Price Target to $88 From $83, Maintains Outperform Rating	Feb. 02	MT
Sector Update: Financial Stocks Rise Late Afternoon	Feb. 01	MT
Sector Update: Financial	Feb. 01	MT
Top Midday Decliners	Feb. 01	MT
Stocks in motion: Corteva and Ferrari rise, CH Robinson tumbles	Feb. 01
Traders Digest Earnings, Data as US Equity Futures Turn Mostly Higher Pre-Bell	Feb. 01	MT
Transcript : Aflac Incorporated, Q4 2023 Earnings Call, Feb 01, 2024	Feb. 01
Aflac Q4 Earnings, Revenue Decline; Shares Drop After Hours	Jan. 31	MT
Tranche Update on Aflac Incorporated's Equity Buyback Plan announced on August 8, 2017.	Jan. 31	CI
Earnings Flash (AFL) AFLAC INCORPORATED Posts Q4 EPS $1.25, vs. Street Est of $1.45	Jan. 31	MT
Earnings Flash (AFL) AFLAC INCORPORATED Posts Q4 Revenue $3.81B, vs. Street Est of $4.39B	Jan. 31	MT
Aflac Incorporated Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 31	CI
Aflac Incorporated Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 31	CI

	1st Jan change	Capi.
AFLAC INCORPORATED	+1.35%	48.11B
AXA	+14.78%	79.51B
METLIFE, INC.	+6.49%	50.92B
PRUDENTIAL FINANCIAL, INC.	+6.55%	39.71B
GENERALI	+19.34%	37.78B
SUN LIFE FINANCIAL INC.	+2.84%	30.07B
GREAT-WEST LIFECO INC.	-7.77%	27.56B
PRUDENTIAL PLC	-18.42%	24.71B
CATHAY FINANCIAL HOLDING CO., LTD.	+6.89%	21.99B
DAI-ICHI LIFE HOLDINGS, INC.	+20.69%	21.68B

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