Aflac (AFL) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined compared to both the prior quarter and the same quarter a year earlier. The decrease was steeper sequentially than on an annual basis.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 FY
Revenue for the quarter declined compared to both the prior quarter and the same quarter a year earlier. The decrease was steeper sequentially than on an annual basis.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.8B
Revenue reported for this quarter.
Quarter-over-quarter
-23.7%
Change from the immediately preceding quarter.
Year-over-year
-4.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $4.8B | -7.2% |
| Jun 30, 2023 | $5.2B | -2.7% |
| Sep 30, 2023 | $5B | +5.2% |
| Dec 31, 2023 | $3.8B | -4.3% |
Revenue performance
The reported revenue moved lower, marking a sharp sequential drop from the preceding quarter.
Quarterly comparison
Compared with the immediately preceding quarter, revenue fell significantly. Versus the same quarter one year earlier, revenue also declined, though by a smaller margin.
What to watch
The sequential revenue decline was notably larger than the year-over-year decline, which may warrant attention in future filings.