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SCHEDULE II
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
Aflac Incorporated (Parent Only)
Condensed Statements of Comprehensive Income (Loss)
Years ended December 31,
(In millions)
2016
2015
2014
Net earnings
$ 2,659
$ 2,533
$ 2,951
Other comprehensive income (loss) before income taxes:
Foreign currency translation adjustments:
Unrealized foreign currency translation gains (losses)
during period - parent only
0
3
39
Equity in unrealized foreign currency translation gains (losses) of
subsidiaries during period
283
357
(1,494)
Unrealized gains (losses) on investment securities:
Unrealized holding gains (losses) on investment securities
during period - parent only
2
(8)
9
Equity in unrealized holding gains (losses) on investment securities
held by subsidiaries during period
2,850
(2,526)
5,938
Equity in reclassification adjustment for realized (gains) losses of
subsidiaries included in net earnings
(53)
(61)
(54)
Unrealized gains (losses) on derivatives during period
3
0
(17)
Pension liability adjustment during period
(45)
(20)
(76)
Total other comprehensive income (loss) before
income taxes
3,040
(2,255)
4,345
Income tax expense (benefit) related to items of other comprehensive
income (loss)
1,035
(901)
1,803
Other comprehensive income (loss), net of income taxes
2,005
(1,354)
2,542
Total comprehensive income (loss)
$ 4,664
$ 1,179
$ 5,493
See the accompanying Notes to Condensed Financial Statements.
See the accompanying Report of Independent Registered Public Accounting Firm.
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