profit from every $100 of sales.
$0$100
Aflac
$127.61+0.87% today
+11.0% in 1 year
1-year low $106.201-year high $129.55
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $17.31 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Aflac sold, what it kept, and what it did with the cash.
Sales went from $19.2 billion in 2022 to $17.4 billion in 2025, with $3.65 billion of profit last year.
SalesProfit
Aflac handed back more cash to shareholders than it generated last year.
Buybacks $3.5B$1.2B
Free cash flow 2025$2.6B
Bought back its own shares$3.5B
Paid as dividends$1.2B
Cash vs. debt$6.2B vs. $8.4B
Aflac vs. similar companies
Aflac grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Aflac | 17.3× · Fair price | ||
 China Life Insurance | 6.4× · Cheap | ||
 Ping An Insurance (Group) Company of China | 7.2× · Cheap | ||
 AIA Group | 16.4× · Fair price | ||
 Manulife Financial | 18.0× · Fair price |
Compare Aflac with i BBCA ID SDR 1to2 · JPMorgan Chase · Mastercard · Moody's · Principal Financial Group · S&P Global · Visa
AI analysis
An AI analyst reads Aflac's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 22,147 | 21,554 | 19,151 | 18,841 | 19,128 | 17,355 | |
| – | – | – | – | – | – | |
| 4,416 | 4,934 | 4,157 | – | – | – | |
| 4,442 | 5,491 | 5,140 | 5,496 | 6,651 | 4,786 | |
| 4,778 | 4,231 | 4,418 | 4,659 | 5,443 | 3,646 | |
| 6.67 | 6.25 | 6.93 | 7.78 | 9.63 | 6.82 | |
| – | – | – | – | – | – | |
| 19.9% | 22.9% | 21.7% | – | – | – | |
| 21.6% | 19.6% | 23.1% | 24.7% | 28.5% | 21.0% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 165,086 | 157,542 | 131,738 | 126,724 | 117,566 | 116,470 |
| Cash | 5,141 | 5,051 | 3,943 | 4,306 | 6,229 | 6,245 |
| Total debt | – | – | 7,442 | 7,364 | 7,498 | 8,409 |
| Total liabilities | 131,527 | 124,289 | 111,598 | 104,739 | 91,468 | 86,980 |
| 33,559 | 17,031 | 20,140 | 21,985 | 26,098 | 29,490 | |
| 716 | 677 | 638 | 599 | 565 | 535 | |
| 10.4% | 25.3% | 14.6% | 14.7% | 15.6% | 9.9% | |
| 14.2% | 24.8% | 21.9% | 21.2% | 20.9% | 12.4% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 5,958 | 5,051 | 3,879 | 3,190 | 2,707 | 2,555 | |
| – | – | – | – | – | – | |
| – | – | 3,879 | 3,190 | 2,707 | 2,555 | |
| Dividends paid | 769 | 855 | 979 | 966 | 1,087 | 1,198 |
| 1,537 | 2,301 | 2,401 | 2,801 | 2,800 | 3,530 | |
| – | – | – | – | – | – |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 17.3×
- 17.9×
- 38.83
- 2.1×
- 3.6×
- 5.8%
- 2.0%
Profitability
- 21.0%
- 10.2%
- 14.0%
- 17.2%
- 3.9%
Growth
- −4.8%
- +0.4%
- +15.7%
- −5.7%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 28%of 754
Top 32%of 605
Bottom 37%of 883
Bottom 15%of 880
Bottom 48%of 929
What analysts expect
- Average price target
- $111.17
- Range
- $99.00 – $120.00
- 5 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 29, 2026 | 1.75 | 1.79 | −2.2% |
| Feb 4, 2026 | 1.57 | 1.69 | −7.1% |
| Nov 4, 2025 | 2.49 | 1.77 | +40.7% |
| Aug 5, 2025 | 1.78 | 1.70 | +4.7% |
| Apr 30, 2025 | 1.66 | 1.67 | −0.6% |
| Feb 5, 2025 | 1.56 | 1.62 | −3.7% |
| Oct 30, 2024 | 2.16 | 1.69 | +27.8% |
| Jul 31, 2024 | 1.83 | 1.60 | +14.4% |
2.0%of the share price, paid each year
On $1,000 invested$20a year at today's yield, before tax
+15.7%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.79 in 2015 → $2.32 in 2025
How safe it looks
32.9% of its profit
Room to growStretchedMore than it earns: 46.9%
News
AFLAC boosts dividend by 4.9% to $0.64 a shareSeeking Alpha · Nov 12, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
63Pass
Benjamin Graham
57No pass
Philip Fisher
63Pass
Peter Lynch
19No pass
Joel Greenblatt
38No pass
Charlie Munger
62Pass
Terry Smith
44No pass
Questions about Aflac
Is Aflac a good stock to buy?
A strong, very profitable business at a fair price. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Aflac AI analysis
What does Aflac do?
Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates in two segments, Aflac Japan and Aflac U.S. It is in Insurance - Life, based in Columbus, GA, United States, with 12,716 employees.
Does Aflac pay a dividend?
Yes. At today's price the dividend is 2.0% a year, about 33% of its yearly profit. In 2025 it paid out $1.20 billion in dividends.
Is Aflac stock halal?
No. Aflac does not pass our halal screen: its main business, conventional insurance, is not permitted. How we check
How has Aflac stock done over the past year?
Up 11.0% over the past twelve months, to $127.61. It traded between $106.20 and $129.55, close to its high.
Who are Aflac's competitors?
The largest listed companies in the same industry are China Life Insurance, Ping An Insurance (Group) Company of China, AIA Group and Manulife Financial. The peers table on this page compares their profit, growth and price with Aflac's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.