Aflac Inc (AFL)
Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates in two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing care, whole life, and GIFT insurance products, as well as WAYS and child endowment, and Tsumitasu insurance products in Japan. Its Aflac U.S. segment provides accident, disability, cancer, critical illness, hospital indemnity, dental, vision, and life insurance products in the United States. The company also provides hearing, final expense, pet, Medicare supplement, supplemental dental and vision, short-term disability, and absence management insurance products, as well as cafeteria plans. It sells its products to individuals, families, and business owners through individual, independent corporate, and affiliated corporate agencies; banks; independent associates/career agents; and brokers. Aflac Incorporated was founded in 1955 and is headquartered in Columbus, Georgia.
- Symbol
- AFL
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Insurance - Life
- Market cap
- $56.02B
- 52 week range
- 105.43 - 130.22
Valuation
- Share price
- $111.54 (close of 2026-10-02)
- P/E (TTM)
- 11.99x
- Price to book
- 1.85x
- Price to free cash flow
- 21.16x
- Enterprise value
- $58.63B
- Book value per share
- $60.35
Price performance
| Period | Change |
|---|---|
| 1 day | +0.32% |
| 5 days | -1.92% |
| 1 month | -4.86% |
| 3 months | -7.73% |
| 6 months | +0.96% |
| Year to date | +1.15% |
| 1 year | +0.85% |
| 3 years | +45.86% |
| 5 years | +110.69% |
| 10 years | +210.35% |
| All time | +92850.00% |
Members of Congress who disclosed AFL trades
Shelley Moore Capito · Alan Armstrong · Carol Miller
Super investors holding AFL
Ken Griffin (Citadel) · John Rogers (Ariel Investments LLC) · David Katz (Matrix Asset Advisors Inc) · Ray Dalio (Bridgewater Associates)
Profitability and growth
- Return on equity
- 12.36%
- Return on assets
- 3.13%
- Net margin
- 21.24%
- EBITDA margin
- 27.90%
- Revenue growth
- -9.31%
- Net income growth
- -33.01%
- Free cash flow growth
- -5.62%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 4.72%
- Net debt to EBITDA
- 0.43x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $17.16B
- EBITDA
- $4.79B
- Net income
- $3.65B
- Earnings per share
- $6.84
- Interest expense
- $220.00M
- Shares outstanding
- 532.88M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $17.16B | - | $3.65B | $6.84 |
| 2024-12-31 | $18.93B | - | $5.44B | $9.68 |
| 2023-12-31 | $18.70B | - | $4.66B | $7.81 |
| 2022-12-31 | $19.14B | $7.41B | $4.42B | $6.96 |
| 2021-12-31 | $21.55B | $8.47B | $4.23B | $6.28 |
| 2020-12-31 | $22.15B | $7.84B | $4.78B | $6.69 |
| 2019-12-31 | $22.31B | $7.55B | $3.30B | $4.45 |
| 2018-12-31 | $21.76B | $7.34B | $2.92B | $3.79 |
| 2017-12-31 | $21.67B | $6.87B | $4.60B | $5.81 |
| 2016-12-31 | $22.56B | $6.91B | $2.66B | $3.23 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | - | 21.24% | 12.36% | - |
| 2024-12-31 | - | 28.76% | 20.86% | - |
| 2023-12-31 | - | 24.91% | 21.19% | - |
| 2022-12-31 | 38.69% | 23.08% | 21.94% | 15.68% |
| 2021-12-31 | 39.32% | 19.63% | 24.84% | 32.71% |
| 2020-12-31 | 35.38% | 21.57% | 14.24% | 15.46% |
| 2019-12-31 | 33.85% | 14.81% | 11.41% | 13.71% |
| 2018-12-31 | 33.74% | 13.42% | 12.45% | 17.20% |
| 2017-12-31 | 31.69% | 21.25% | 18.72% | 19.36% |
| 2016-12-31 | 30.64% | 11.79% | 12.98% | 17.34% |
Cash and debt by year
| Period end | Cash |
|---|---|
| 2025-12-31 | $6.25B |
| 2024-12-31 | $6.23B |
| 2023-12-31 | $4.31B |
| 2022-12-31 | $3.94B |
| 2021-12-31 | $5.05B |
| 2020-12-31 | $5.14B |
| 2019-12-31 | $4.90B |
| 2018-12-31 | $4.34B |
| 2017-12-31 | $3.49B |
| 2016-12-31 | $4.86B |
Free cash flow by year
| Period end | Free cash flow |
|---|---|
| 2025-12-31 | $2.56B |
| 2024-12-31 | $2.71B |
| 2023-12-31 | $3.19B |
| 2022-12-31 | $3.88B |
| 2021-12-31 | $5.05B |
| 2020-12-31 | $5.96B |
| 2019-12-31 | $5.46B |
| 2018-12-31 | $6.01B |
| 2017-12-31 | $6.13B |
| 2016-12-31 | $5.99B |
Dividend history
- Most recent payment
- 2026-08-19
- Paid in the last twelve months
- $2.41
| Payment date | Dividend per share |
|---|---|
| 2026-08-19 | $0.61 |
| 2026-05-20 | $0.61 |
| 2026-02-18 | $0.61 |
| 2025-11-19 | $0.58 |
| 2025-08-20 | $0.58 |
| 2025-05-21 | $0.58 |
| 2025-02-19 | $0.58 |
| 2024-11-20 | $0.50 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $1.81
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-08-06 | Jun/2026 | $1.77 |
| 2026-04-29 | Mar/2026 | $1.80 |
| 2026-02-04 | Dec/2025 | $1.71 |
| 2025-11-04 | Sep/2025 | $1.80 |
| 2025-08-05 | Jun/2025 | $1.71 |
| 2025-07-29 | - | - |
| 2025-04-30 | Mar/2025 | $1.68 |
| 2025-04-29 | - | - |
Filings and sources
- Company website
- aflac.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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