XML 61 R50.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

INVESTMENTS - Commercial Mortgage and Other Loans by Portfolio Segment (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Mar. 31, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022
--- | --- | --- | --- | --- | --- | ---
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 12,033 |  | $ 12,801 |  |  |
Percent of total commercial mortgage and other loans | 100.00% |  | 100.00% |  |  |
Allowance for credit losses | $ (238) |  | $ (274) |  |  |
Total net commercial mortgage and other loans | 11,795 |  | 12,527 |  |  |
Transitional real estate loans |  |  |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 5,669 |  | $ 6,114 |  |  |
Percent of total commercial mortgage and other loans | 47.20% |  | 47.80% |  |  |
Allowance for credit losses | $ (123) | $ (114) | $ (112) | $ (76) | $ (65) | $ (54)
Commercial mortgage loans |  |  |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 1,608 |  | $ 1,709 |  |  |
Percent of total commercial mortgage and other loans | 13.30% |  | 13.40% |  |  |
Allowance for credit losses | $ (17) | (19) | $ (16) | (9) | (9) | (9)
Middle market loans |  |  |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 4,489 |  | $ 4,677 |  |  |
Percent of total commercial mortgage and other loans | 37.30% |  | 36.50% |  |  |
Allowance for credit losses | $ (98) | $ (99) | $ (146) | $ (140) | $ (149) | $ (129)
Other loans |  |  |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 267 |  | $ 301 |  |  |
Percent of total commercial mortgage and other loans | 2.20% |  | 2.30% |  |  |
Office | Transitional real estate loans |  |  |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 1,635 |  | $ 1,807 |  |  |
Percent of total commercial mortgage and other loans | 13.60% |  | 14.10% |  |  |
Office | Commercial mortgage loans |  |  |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 354 |  | $ 359 |  |  |
Percent of total commercial mortgage and other loans | 2.90% |  | 2.80% |  |  |
Retail | Transitional real estate loans |  |  |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 337 |  | $ 473 |  |  |
Percent of total commercial mortgage and other loans | 2.80% |  | 3.70% |  |  |
Retail | Commercial mortgage loans |  |  |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 218 |  | $ 301 |  |  |
Percent of total commercial mortgage and other loans | 1.80% |  | 2.40% |  |  |
Apartment/Multi-Family | Transitional real estate loans |  |  |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 2,438 |  | $ 2,608 |  |  |
Percent of total commercial mortgage and other loans | 20.30% |  | 20.40% |  |  |
Apartment/Multi-Family | Commercial mortgage loans |  |  |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 579 |  | $ 586 |  |  |
Percent of total commercial mortgage and other loans | 4.80% |  | 4.60% |  |  |
Industrial | Transitional real estate loans |  |  |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 115 |  | $ 157 |  |  |
Percent of total commercial mortgage and other loans | 1.00% |  | 1.20% |  |  |
Industrial | Commercial mortgage loans |  |  |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 442 |  | $ 463 |  |  |
Percent of total commercial mortgage and other loans | 3.70% |  | 3.60% |  |  |
Hospitality | Transitional real estate loans |  |  |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 712 |  | $ 814 |  |  |
Percent of total commercial mortgage and other loans | 5.90% |  | 6.40% |  |  |
Other | Transitional real estate loans |  |  |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 432 |  | $ 255 |  |  |
Percent of total commercial mortgage and other loans | 3.60% |  | 2.00% |  |  |
Other | Commercial mortgage loans |  |  |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |  |  |
Commercial mortgage and other loans, gross | $ 15 |  | $ 0 |  |  |
Percent of total commercial mortgage and other loans | 0.10% |  | 0.00% |  |  |

X
- Definition Percent of amount before allowance of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums and discounts from face amounts. Excludes loans and leases covered under loss sharing agreements. + References No definition available. + Details
Name: | afl_PercentofLoansandLeasesReceivableGrossCarryingValue
Namespace Prefix: | afl_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph c -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph a -Subparagraph (1) -Publisher SEC Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph a -Subparagraph (3) -Publisher SEC Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479344/326-20-45-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLosses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481990/310-10-45-13 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7A Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph a -Subparagraph (1) -Publisher SEC Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph a -Subparagraph (2) -Publisher SEC Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1404 -Paragraph a -Publisher SEC Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-80 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 79 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-79 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479344/326-20-45-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-14 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
Name: | us-gaap_NotesReceivableGross
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amortized cost, after allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481990/310-10-45-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(5)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
Name: | us-gaap_NotesReceivableNet
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_ParticipatingMortgageLoansLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=afl_TransitionalrealestateloansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=afl_CommercialmortgageloansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=afl_MiddlemarketloansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=afl_OtherLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_OfficeBuildingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_RetailSiteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_ApartmentBuildingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_IndustrialPropertyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_HotelMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_OtherPropertyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |