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SCHEDULE II
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
Aflac Incorporated (Parent Only)
Condensed Balance Sheets
December 31,
(In millions, except for share and per-share amounts)
2016
2015
Assets:
Investments and cash:
Fixed maturity securities available for sale, at fair value
(amortized cost $483 in 2016 and $481 in 2015)
$ 496
$ 493
Investments in subsidiaries
(1)
23,353
20,500
Other investments
3
9
Cash and cash equivalents
2,037
1,721
Total investments and cash
25,889
22,723
Due from subsidiaries
(1)
75
113
Income taxes receivable
103
0
Other assets
497
542
Total assets
$ 26,564
$ 23,378
Liabilities and shareholders' equity:
Liabilities:
Income taxes
$ 0
$ 8
Employee benefit plans
293
274
Notes payable
5,339
4,968
Other liabilities
450
420
Total liabilities
6,082
5,670
Shareholders' equity:
Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in
2016 and 2015; issued 671,249 shares in 2016 and 669,723 shares in 2015
67
67
Additional paid-in capital
1,976
1,828
Retained earnings
25,981
24,007
Accumulated other comprehensive income (loss):
Unrealized foreign currency translation gains
(1,983)
(2,196)
Unrealized gains (losses) on investment securities
4,805
2,986
Unrealized gains (losses) on derivatives
(24)
(26)
Pension liability adjustment
(168)
(139)
Treasury stock, at average cost
(10,172)
(8,819)
Total shareholders' equity
20,482
17,708
Total liabilities and shareholders' equity
$ 26,564
$ 23,378
(1)
Eliminated in consolidation
Prior-year amounts have been adjusted for the adoption of accounting guidance on January 1, 2016 related to debt issuance costs.
See the accompanying Notes to Condensed Financial Statements.
See the accompanying Report of Independent Registered Public Accounting Firm.
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