XML 86 R74.htm IDEA: XBRL DOCUMENT
v3.22.2.2

FAIR VALUE MEASUREMENTS - Fair Value Measurement Inputs and Valuation Techniques (Details) - USD ($) $ in Millions | Sep. 30, 2022 | Dec. 31, 2021
--- | --- | ---
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | $ 73,643 | $ 98,696
Equity securities | 1,064 | 1,603
Assets, fair value | 82,379 | 108,012
Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 1,620 | 1,298
Equity securities | 197 | 173
Assets, fair value | 1,817 | 1,471
Net asset value valuation technique | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Equity securities | 197 | 173
Municipalities |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 2,276 | 3,036
Municipalities | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 0 | 0
Mortgage- and asset-backed securities |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 2,009 | 1,246
Mortgage- and asset-backed securities | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 310 | 291
Mortgage- and asset-backed securities | Consensus pricing valuation technique | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 310 | 291
Public utilities |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 7,350 | 10,051
Public utilities | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 507 | 493
Public utilities | Discounted cash flow technique | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 507 | 493
Sovereign and supranational |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 862 | 1,115
Sovereign and supranational | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 34 | 43
Sovereign and supranational | Discounted cash flow technique | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 34 | 43
Banks/financial institutions |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 9,031 | 11,591
Banks/financial institutions | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 148 | 45
Banks/financial institutions | Consensus pricing valuation technique | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 148 | 45
Other corporate |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | 28,205 | 37,837
Other corporate | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities | $ 621 | 426
Other corporate | Discounted cash flow technique | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques |  |
Available for sale, fixed maturity securities |  | $ 426

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124258926&loc=SL82898722-210454 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=124260329&loc=d3e26610-111562 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (aa) -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27161-111563 + Details
Name: | us-gaap_AvailableForSaleSecuritiesDebtSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI), classified as current. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(2)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=124098289&loc=d3e6676-107765 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=123594786&loc=SL75136599-209740 + Details
Name: | us-gaap_EquitySecuritiesFvNi
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ValuationTechniqueAxis=afl_NetAssetValueValuationTechniqueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_MunicipalBondsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_AssetBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ValuationTechniqueAxis=us-gaap_ValuationTechniqueConsensusPricingModelMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_PublicUtilityBondsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ValuationTechniqueAxis=us-gaap_ValuationTechniqueDiscountedCashFlowMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_SovereignDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=afl_BanksAndFinancialInstitutionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |