Aflac Incorporated logo AFL - Aflac Incorporated

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 9
HOLD 18
SELL 5
STRONG
SELL 0
| PRICE TARGET: $112.20 DETAILS
HIGH: $125.00
LOW: $99.00
MEDIAN: $114.00
CONSENSUS: $112.20
DOWNSIDE: 4.80%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 17,438 19,128 18,841 19,151 21,546 22,261 22,241 21,708 21,600 22,489 20,811 22,606 23,827 25,272 22,090 20,658 18,254 16,554 15,393 14,616 14,363 13,281 11,447 10,257 9,598 9,703 8,640 7,104 7,251 7,100 7,190.6 6,110.8 5,000
Cost of Revenue 10,650 12,313 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 562
Gross Profit 6,788 6,815 18,841 19,151 21,546 22,261 22,241 21,708 21,600 22,489 20,811 22,606 23,827 25,272 22,090 20,658 18,254 16,554 15,393 14,616 14,363 13,281 11,447 10,257 9,598 9,703 8,640 7,104 7,251 7,100 7,190.6 6,110.8 4,438
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 2,697 0 0 0 0 0 0 0 0 0 0 0 0 0 3,950 3,699 3,545 1,460 1,331 2,640 2,583 2,380 2,152 1,879 1,799 1,798 0 0 0 0 0 0 0
Other Expenses (550) 398 13,579 14,282 16,338 18,102 17,796 17,725 17,582 18,422 16,949 18,115 19,011 20,970 15,190 13,398 12,474 13,180 11,563 9,712 9,554 9,128 8,097 7,119 6,718 6,893 7,862 6,553 7,251 7,100 7,190.6 5,606.4 2
Operating Expenses 2,147 398 13,579 14,282 16,338 18,102 17,796 17,725 17,582 18,422 16,949 18,115 19,011 20,970 19,140 17,097 16,019 14,640 12,894 12,352 12,137 11,508 10,249 8,998 8,517 8,691 7,862 6,553 7,251 7,100 7,190.6 5,606.4 2
Operating Income
Operating Income 4,641 6,417 5,262 4,869 5,208 4,159 4,445 3,983 4,018 4,067 3,862 4,491 4,816 4,302 2,950 3,561 2,235 1,914 2,499 2,264 2,226 1,773 1,198 1,259 1,081 1,012 778 551 0 0 0 504.3 4,436
Interest Expense 220 197 195 226 238 242 228 222 240 268 289 317 293 261 196 149 72 29 27 19 23 23 22 20 19 19 18 13 14 16 15.6 13.5 2
Interest Income 973 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 5,525 6,417 5,262 4,869 5,208 4,159 4,445 3,983 4,018 4,067 3,862 4,491 4,816 4,302 2,950 3,561 2,235 1,988 2,499 2,264 2,226 1,773 1,198 1,259 1,081 1,012 778 594 45 48 0 504.3 2
EBIT 4,651 6,417 5,262 4,869 5,208 4,159 4,445 3,983 4,018 4,067 3,862 4,491 4,816 4,302 2,950 3,561 2,235 1,914 2,499 2,264 2,226 1,773 1,198 1,259 1,081 1,012 778 551 0 0 0 504.3 2
Income Before Tax 4,533 6,417 5,262 4,869 5,208 4,159 4,445 3,983 4,018 4,067 3,862 4,491 4,816 4,302 2,950 3,561 2,235 1,914 2,499 2,264 2,226 1,773 1,198 1,259 1,081 1,012 778 551 0 0 0 504.3 428
Income Tax Expense 887 974 603 451 977 (619) 1,141 1,063 (586) 1,408 1,329 1,540 1,658 1,436 1,013 1,233 738 660 865 781 743 507 430 438 394 325 207 64 280 256 251.9 211.5 185
Net Income 3,646 5,443 4,659 4,418 4,231 4,778 3,304 2,920 4,604 2,659 2,533 2,951 3,158 2,866 1,937 2,328 1,497 1,254 1,634 1,483 1,483 1,266 768 821 687 687 571 487 585 394 349.1 292.8 254
Per Share Data
EPS (Basic) 6.86 9.68 7.81 6.96 6.42 6.69 4.45 3.79 5.52 3.23 2.94 3.27 3.40 3.07 2.08 2.48 1.61 1.33 1.68 1.50 1.48 1.25 0.75 0.80 0.66 0.65 0.54 0.46 0.54 0.36 0.30 0.24 0.21
EPS (Diluted) 6.83 9.63 7.78 6.93 6.39 6.67 4.43 3.77 5.48 3.21 2.93 3.25 3.38 3.06 2.06 2.46 1.60 1.31 1.66 1.48 1.46 1.23 0.74 0.78 0.64 0.63 0.52 0.44 0.52 0.34 0.30 0.24 0.21
Shares Outstanding 530.0 557.9 596.2 634.8 673.6 713.7 742.4 769.6 792.0 822.9 861.3 902.4 929.0 933.7 933.0 938.1 933.1 946.8 975.7 991.2 1,001.9 1,014.7 1,026.4 1,035.1 1,050.2 1,061.2 1,063.5 1,065.2 1,083.3 1,109.9 1,163.7 1,237.2 1,261.8
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 6,245 6,229 4,306 3,943 5,051 5,141 4,896 4,337 3,491 4,859 2,323 941 3,813 1,052 1,379 852 609 616 374 235.7 0 4.1 17.6 0
Short-Term Investments 0 65,269 73,290 75,741 98,696 105,882 91,262 82,895 84,313 76,702 114 87 0 0 0 0 0 0 10 43.3 261.7 232.2 330.9 0
Net Receivables 835 779 848 647 672 796 828 851 827 669 764 920 417 547 435 341 301 270 272 215.7 227.0 321.1 303.7 232
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 718 (72,277) (78,444) (80,331) (104,419) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 7,798 0 0 0 0 111,819 96,986 88,083 88,631 82,230 3,201 1,948 4,231 1,599 1,814 1,193 909 886 656 495.0 488.7 557.4 652.3 232
Non-Current Assets
Property, Plant & Equipment 351 387 445 530 538 601 581 443 434 433 593 597 515 518 482 455 481 509 427 386.0 471.9 552.1 580.2 361
Goodwill 0 263 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 9,034 8,758 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 60.9 104.5 109.9 114
Long-Term Investments 97,515 82,031 92,197 95,888 122,299 (105,882) (91,262) (82,895) (84,313) (76,702) (114) (87) 0 0 0 0 0 0 (10) (43.3) (261.7) (232.2) (330.9) 0
Other Non-Current Assets 1,772 (91,439) (92,642) (96,418) (122,837) 158,548 146,463 134,775 132,465 123,858 80,426 76,873 54,580 48,847 42,762 36,211 35,841 35,646 30,110 28,616.3 24,260.6 24,356.2 19,275.6 14,735
Total Non-Current Assets 108,672 0 0 0 0 53,267 55,782 52,323 48,586 47,589 80,905 77,383 55,095 49,365 43,244 36,667 36,322 36,155 30,566 28,959.0 24,531.7 24,780.6 19,634.8 15,210
Total Assets 116,470 117,566 126,724 131,738 157,542 165,086 152,768 140,406 137,217 129,819 84,106 79,331 59,326 50,964 45,058 37,860 37,231 37,041 31,222 29,454 25,020.4 25,338 20,287.1 15,442
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 0 483 1,733 2,887 374 1,323 765 127 0 173 3,249.9 673.3 1,458.2 603.3 0
Short-Term Debt 0 0 0 0 0 0 0 0 548 649 0 0 0 0 0 0 0 0 0 7 17.5 0 0 15
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 (573) (154) (698) (4,339) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 0 0 0 0 0 0 0 0 548 649 483 1,733 2,887 374 1,323 765 127 0 173 3,256.9 690.8 1,458.2 603.3 15
Non-Current Liabilities
Long-Term Debt 8,409 7,402 7,240 7,295 7,839 7,745 6,408 5,765 4,719 4,690 2,599 1,721 1,429 1,409 1,312 1,207 1,079 1,018 596 516 336.1 327.3 184.9 107
Deferred Tax Liabilities 1,368 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 77,203 (7,498) (7,364) (7,442) (7,956) 123,628 117,240 111,166 107,330 103,977 72,607 69,238 47,434 42,535 36,029 30,463 31,331 32,155 26,683 22,251.1 21,867.9 21,418.4 17,747.1 13,954
Total Non-Current Liabilities 86,980 0 0 0 0 131,527 123,809 116,944 112,071 108,688 75,206 70,959 48,863 43,944 37,341 31,670 32,410 33,173 27,279 22,767.1 22,204.0 21,745.7 17,932.0 14,061
Total Liabilities 86,980 91,468 104,739 111,598 124,289 131,527 123,809 116,944 112,619 109,337 75,689 72,692 51,750 44,318 38,664 32,435 32,537 33,173 27,452 26,024 22,894.8 23,203.9 18,535.3 14,076
Stockholders' Equity
Common Stock 136 136 136 135 135 135 135 135 67 67 66 66 65 65 65 65 32 32 32 15.8 15.7 15.6 10.4 10
Retained Earnings 54,682 52,277 47,993 44,367 41,381 37,984 34,291 31,788 29,895 25,981 12,410 11,306 6,992 5,885 5,244 4,542 3,956 3,356 2,862 2,442.3 1,917.8 1,577.6 1,277.5 1,030
Accumulated Other Comprehensive Income 1,452 (2,978) (5,520) (6,429) 7,393 8,934 6,615 2,151 4,028 2,630 29 (582) 2,609 2,493 2,630 2,091 1,668 1,264 1,551 1,558.8 509.9 696.1 402.9 123
Total Stockholders' Equity 29,490 26,098 21,985 20,140 33,253 33,559 28,959 23,462 24,365 20,482 8,417 6,639 7,573 6,646 6,394 5,425 4,694 3,868 3,770 3,430.5 2,125.6 2,134.1 1,751.8 1,366
Total Liabilities & Equity 116,470 117,566 126,724 131,738 157,542 165,086 152,768 140,406 137,217 129,819 84,106 79,331 59,326 50,964 45,058 37,860 37,232 37,041 31,183 29,454.0 25,022.8 25,338.0 20,287.1 15,443
Debt Metrics
Total Debt 8,409 7,498 7,364 7,442 7,956 7,899 6,569 5,778 5,289 5,360 2,599 1,721 1,429 1,409 1,312 1,207 1,079 1,111 596 523.2 353.5 327.3 184.9 122
Net Debt 2,164 1,269 3,058 3,499 2,905 2,758 1,673 1,441 1,798 501 276 780 (2,384) 357 (67) 355 470 495 222 287.5 353.5 323.1 167.3 122
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 3,646 5,443 4,659 4,418 4,231 4,778 3,304 2,920 4,604 2,659 1,483 1,266 768 821 687 687 571 487 585 394 349.1 292.8 244
Depreciation & Amortization 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 43 45 48 0 0 0
Stock-Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (1,432) (644) (1,652) 222 942 662 1,828 2,352 1,559 3,280 3,158 3,086 2,230 2,069 2,057 2,669 4,524 3,894 4,409 4,637 5,080.1 3,857.0 3,288
Other Non-Cash Items 341 (2,092) 183 (761) (122) 518 323 742 (35) 48 (208) 134 391 148 49 (98) (2,265) (1,711) (2,429) (2,401) (2,503.4) (1,845.6) (1,734)
Operating Cash Flow 2,555 2,707 3,190 3,879 5,051 5,958 5,455 6,014 6,128 5,987 4,433 4,486 3,389 3,038 2,849 3,245 2,807 2,500 2,598 2,694 2,944.1 2,369.2 1,846
Investing Activities
Capital Expenditure 0 0 0 0 0 0 0 0 0 0 (16) (21) (21) (25) (45) (26) (14) (40) (9) (10) (17.4) (185.4) (112)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 350.6 0 0 0 0
Purchases of Investments (14,012) (7,109) (3,575) (4,263) (7,371) (6,130) (7,943) (10,181) (11,140) (10,815) (8,894) (6,205) (6,244) (5,873) (5,544) (4,453) (4,309) (3,943) (4,196) (3,971) (4,126.5) (3,617.7) (2,818)
Sales/Maturities of Investments 13,710 7,990 4,297 4,991 4,624 3,981 6,556 9,987 7,794 8,472 4,455 2,302 3,498 3,157 2,719 1,302 5,888 3,985 2,214 2,285 1,184.7 1,556.2 1,111
Other Investing Activities 1,863 1,900 95 (2,268) 369 (2,470) (1,784) (3,388) (2,085) (1,512) (2,237) 2,506 (733) 467 397 118 (4,303) (2,247) (793.6) (809) 0.1 0 25
Investing Cash Flow 1,561 2,781 817 (1,540) (2,378) (4,619) (3,171) (3,582) (5,431) (3,855) (6,692) (1,418) (3,500) (2,274) (2,473) (3,059) (2,738) (2,245) (2,434) (2,505) (2,959.1) (2,246.9) (1,794)
Financing Activities
Net Debt Issuance 955 629 204 (139) 453 1,195 615 470 (121) 376 91 (12) (20) 20 217 107 352 (1) 206 60 166.9 41.3 (32)
Stock Repurchased (3,530) (2,800) (2,801) (2,401) (2,301) (1,537) (1,627) (1,301) (1,351) (1,422) (438) (392) (343) (346) (350) (239) (224) (125) (314) (204) (224.2) (131.7) 0
Dividends Paid (1,198) (1,087) (966) (979) (855) (769) (771) (793) (661) (658) (209) (182) (146) (112) (95) (82) (72) (63) (61) (54) (48.9) (44.9) (40)
Other Financing Activities (304) (242) (177) (49) (62) (38) 21 (50) 35 39 310 234 178 83 148 53 18 8 8 6 3.1 2.2 5
Financing Cash Flow (4,069) (3,486) (3,723) (3,551) (2,739) (1,115) (1,713) (1,616) (2,065) (1,619) (196) (313) (298) (320) (42) (130) 113 (151) (121) (157) (93.4) (130.4) (67)
Cash Position
Net Change in Cash 16 1,923 363 (1,108) (90) 245 559 846 (1,368) 509 (2,516) 2,761 (327) 527 243 (7) 242 138 27 19 (106.7) (5.8) (13)
Cash at Beginning 6,229 4,306 3,943 5,051 5,141 4,896 4,337 3,491 4,859 4,350 3,813 1,052 1,379 852 609 616 374 236 209 190 297.2 23.4 36
Cash at End 6,245 6,229 4,306 3,943 5,051 5,141 4,896 4,337 3,491 4,859 1,297 3,813 1,052 1,379 852 609 616 374 236 209 190.5 17.6 23
Free Cash Flow 2,555 2,707 3,190 3,879 5,051 5,958 5,455 6,014 6,128 5,987 4,417 4,465 3,368 3,013 2,804 3,219 2,793 2,460 2,589 2,684 2,926.7 2,183.9 1,734
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 17,438 19,128 18,841 19,151 21,546 22,261 22,241 21,708 21,600 22,489 20,811 22,606 23,827 25,272 22,090 20,658 18,254 16,554 15,393 14,616 14,363 13,281 11,447 10,257 9,598 9,703 8,640 7,104 7,251 7,100 7,190.6 6,110.8 5,000
Gross Profit 6,788 6,815 18,841 19,151 21,546 22,261 22,241 21,708 21,600 22,489 20,811 22,606 23,827 25,272 22,090 20,658 18,254 16,554 15,393 14,616 14,363 13,281 11,447 10,257 9,598 9,703 8,640 7,104 7,251 7,100 7,190.6 6,110.8 4,438
Operating Income 4,641 6,417 5,262 4,869 5,208 4,159 4,445 3,983 4,018 4,067 3,862 4,491 4,816 4,302 2,950 3,561 2,235 1,914 2,499 2,264 2,226 1,773 1,198 1,259 1,081 1,012 778 551 0 0 0 504.3 4,436
Net Income 3,646 5,443 4,659 4,418 4,231 4,778 3,304 2,920 4,604 2,659 2,533 2,951 3,158 2,866 1,937 2,328 1,497 1,254 1,634 1,483 1,483 1,266 768 821 687 687 571 487 585 394 349.1 292.8 254
EPS (Diluted) 6.83 9.63 7.78 6.93 6.39 6.67 4.43 3.77 5.48 3.21 2.93 3.25 3.38 3.06 2.06 2.46 1.60 1.31 1.66 1.48 1.46 1.23 0.74 0.78 0.64 0.63 0.52 0.44 0.52 0.34 0.30 0.24 0.21
Balance Sheet
Cash & Equivalents 6,245 6,229 4,306 3,943 5,051 5,141 4,896 4,337 3,491 4,859 2,323 941 3,813 1,052 1,379 852 609 616 374 235.7 0 4.1 17.6 0
Total Assets 116,470 117,566 126,724 131,738 157,542 165,086 152,768 140,406 137,217 129,819 84,106 79,331 59,326 50,964 45,058 37,860 37,231 37,041 31,222 29,454 25,020.4 25,338 20,287.1 15,442
Total Debt 8,409 7,498 7,364 7,442 7,956 7,899 6,569 5,778 5,289 5,360 2,599 1,721 1,429 1,409 1,312 1,207 1,079 1,111 596 523.2 353.5 327.3 184.9 122
Stockholders' Equity 29,490 26,098 21,985 20,140 33,253 33,559 28,959 23,462 24,365 20,482 8,417 6,639 7,573 6,646 6,394 5,425 4,694 3,868 3,770 3,430.5 2,125.6 2,134.1 1,751.8 1,366
Cash Flow
Operating Cash Flow 2,555 2,707 3,190 3,879 5,051 5,958 5,455 6,014 6,128 5,987 4,433 4,486 3,389 3,038 2,849 3,245 2,807 2,500 2,598 2,694 2,944.1 2,369.2 1,846
Capital Expenditure 0 0 0 0 0 0 0 0 0 0 (16) (21) (21) (25) (45) (26) (14) (40) (9) (10) (17.4) (185.4) (112)
Free Cash Flow 2,555 2,707 3,190 3,879 5,051 5,958 5,455 6,014 6,128 5,987 4,417 4,465 3,368 3,013 2,804 3,219 2,793 2,460 2,589 2,684 2,926.7 2,183.9 1,734