AFLAC INC (AFL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 18.26% of current shares
Recent Dilution: 0.82% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
510M
Potential Supply
94M
Additional shares possible
Splits
None
Past 2 years

Summary

AFL currently has 513M outstanding shares. with limited dilution risk as only 93.7M additional shares (18.3%) are authorized for issuance. The company has minimally diluted shareholders by 0.82% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 06, 2026

10-Q filing | 513.1M shares outstanding

510M 94M
Nov 05, 2025

10-Q filing | 530.1M shares outstanding

530M 77M
Aug 05, 2025

10-Q filing | 536.7M shares outstanding

540M 70M
May 07, 2025

10-Q filing | 544.7M shares outstanding

540M 62M
Feb 26, 2025

10-K filing | 562.5M shares outstanding

560M 44M
Nov 01, 2024

10-Q filing | 557.9M shares outstanding

560M 49M
Aug 01, 2024

10-Q filing | 564.6M shares outstanding

560M 42M
May 02, 2024

10-Q filing | 574.9M shares outstanding

570M 32M
Feb 22, 2024

10-K filing | 596.2M shares outstanding

600M 11M
Nov 02, 2023

10-Q filing | 591.2M shares outstanding

590M 15M
Aug 04, 2023

S-3 filing: Aflac Incorporated is offering the opportunity to participate in their AFL Stock Plan, a direct stock purchase and dividend reinvestment plan, for 6,000,000 shares of common stock.

600M 6M
Aug 02, 2023

10-Q filing | 600.7M shares outstanding

600M 0
May 01, 2023

10-Q filing | 611.2M shares outstanding

610M 0
Feb 24, 2023

10-K filing | 634.8M shares outstanding

630M 0
Nov 02, 2022

10-Q filing | 629.4M shares outstanding

630M 0
Aug 02, 2022

10-Q filing | 640.7M shares outstanding

640M 0
Apr 29, 2022

10-Q filing | 649.8M shares outstanding

650M 0
Feb 23, 2022

10-K filing | 673.6M shares outstanding

670M 0
Oct 28, 2021

10-Q filing | 668.8M shares outstanding

670M 0
Jul 29, 2021

10-Q filing | 678.1M shares outstanding

680M 0
Apr 29, 2021

10-Q filing | 688.9M shares outstanding

690M 0
Feb 23, 2021

10-K filing | 713.7M shares outstanding

710M 0
Oct 29, 2020

10-Q filing | 711.7M shares outstanding

710M 0
Jul 29, 2020

10-Q filing | 717.9M shares outstanding

720M 0
Apr 30, 2020

10-Q filing | 724.4M shares outstanding

720M 0
Feb 21, 2020

10-K filing | 742.4M shares outstanding

740M 0
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