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Aflac Incorporated and Subsidiaries
Consolidated 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:
Unrealized foreign currency translation gains (losses) during
period
283
360
(1,455)
Unrealized gains (losses) on investment securities:
Unrealized holding gains (losses) on investment securities during
period
2,852
(2,534)
5,947
Reclassification adjustment for realized (gains) losses on
investment securities 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 the Consolidated Financial Statements.
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