— Know what they know.
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Not Investment Advice

AFL

NYSE · USD
Aflac Incorporated
Financial Services · Insurance - Life
CEO Daniel Paul Amos Employees 12,716 R&D / revenue 0.0%
Last price
$119.97+1.63%last session
Market cap
$60.2B
P/E (TTM)
12.9x
From 52w high
−7.9%
From 52w low
+13.8%
1-year return
+14.8%
RSI 14 · vs SMA200
66.7 · +4.8%
IS score
59.0/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

AFL   SPY   XLF (sector ETF) · weekly closes
100110120Jan 26Apr 26Jul 26Oct 26SPY 116AFL 115XLF 107

Score DNA

Each bar is a 0-100 score within the scored universe
65
Profitability
66
Growth
81
Value
69
Momentum
100
Risk (safety)
66
Quality
80
Balance sheet
68
Earnings quality

Flags

Strengths
✓ Net cash
Warnings
None of the computed warning flags fires for AFL (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Efficient ScalePiotroski 6 / 9Beta 0.582 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
161 open-market sales, $167.1M
Form 144 notices (12m): 23, $17.4M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+36
154 new holders, 98 closed
1,705 filers hold 68.9% · 586 added, 587 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+55
1,034 funds adding shares
979 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
46.3%
20-day avg 39.8%, 50-day avg 41.7%
Latest 6.5 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$17.4B
Revenue growth YoY−8.8%
Gross margin38.9%
Operating income$4.6B
Operating margin26.6%
Net income$3.6B
Net margin20.9%
EPS (diluted)$6.83
Cash flow
Operating cash flow$2.6B
Capital expenditure$0
Free cash flow$2.6B
FCF conversion (FCF / OCF)100.0%
Stock-based compensation$0
FCF less SBC$2.6B
Buybacks$3.5B
Dividends$1.2B
Balance sheet & returns
Cash & short-term investments$6.2B
Total debt$8.4B
Net debt$2.2B
Shareholders' equity$29.5B
Goodwill & intangibles$9.0B
Debt / equity0.29
ROE (TTM)16.4%
ROIC (TTM)4.6%
Operating margin by fiscal year
24.2%FY202125.3%FY202227.9%FY202333.5%FY202426.3%FY2025
Revenue $21.5B (FY2021) to $17.4B (FY2025), a -5.2% CAGR.

Valuation

P/E (TTM)12.9x
EV / EBITDA8.8x
Price / sales3.33x
Price / FCF22.7x
FCF yield4.40%
Buyback yield5.87%
SBC / revenue-0.0%
Price / book2.00x
Forward P/E FY202617.1x
Forward P/E FY202715.8x
Forward P/E FY202814.9x
Forward multiples divide today's price by Street EPS estimates. Street mean target $125.25 across 4 analysts last quarter is theirs, not ours.

AFL vs industry median

60 companies in Insurance - Life
Gross margin 53.9% 70.6% Operating margin 32.2% 13.9% Net margin 26.9% 9.1% ROIC 4.6% 9.6%
AFL (TTM)Industry median Asset turnover 0.16 vs industry 0.12 · financial leverage 3.83

Earnings delivery

Next report 2026-11-04 · consensus EPS $1.79
50%
beat rate, 6 of 12 quarters
+2.1%
median EPS surprise
3
longest beat streak
+28-14+5+14+28-4-1+5+41-7-2-1
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-01 to 2026-08-06. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
AFL Aflac Incorporated $60.2B12.9x16.4%26.9%−8.8% +14.8%
MET MetLife, Inc. $64.0B19.2x13.2%3.9%+9.0% +30.4%
PRU Prudential Financial, Inc. $40.0B10.4x12.4%5.8%+8.9% +17.6%
PUK Prudential plc $29.6B8.5x39.3%6.4%+175.6% −10.0%
UNM Unum Group $14.6B21.5x6.4%7.8%+3.3% +25.9%
GL Globe Life Inc. $13.0B11.1x20.9%18.0%+5.3% —
JXN Jackson Financial Inc. $8.8B163.2x1.0%—+18.6% —
PRI Primerica, Inc. $8.7B11.3x33.0%23.4%+7.6% —
12-month window: SPY +15.9%, sector ETF XLF +7.2%. Past returns describe history only.

Recent 8-K filings

2026-08-06Earnings Release; Regulation FD; Exhibits
2026-06-30Other Events
2026-05-28Other Events; Exhibits
2026-05-14Other Events; Exhibits
2026-05-07Shareholder Vote
2026-04-29Earnings Release; Regulation FD; Exhibits

Context

Shares outstanding501,427,162
Free float99.1%
Institutional ownership68.9%
Beta0.58
Dividend yield2.01%
Last dividend$0.61 on 2026-08-19
50 / 200-day average$116.68 / $115.26
Large-cap Financial Services median P/E14.0x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where AFL sits among 25 scored companies in Insurance - Life (0 = lowest value, 100 = highest). It is a position, not a grade. Balance-sheet ratios built for operating companies are n/a for lenders and insurers.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureAFLIndustry medianIndustry percentileSector median
P/E (TTM) 12.4x 7.9x
70th		 11.9x
PEG (P/E ÷ 3-yr EPS CAGR) 1.88 0.30
87th		 1.04
Price / sales 3.3x 0.6x
92nd		 2.5x
Price / book 2.0x 0.9x
83rd		 1.3x
Price / tangible book 2.0x 0.6x
72nd		 1.6x
Price / free cash flow n/a
Price / operating cash flow n/a
Enterprise value n/a
EV / sales n/a
EV / EBITDA n/a
EV / EBIT n/a
EV / free cash flow n/a
Earnings yield 8.1% 10.4%
33rd		 7.9%
FCF yield n/a
Operating cash flow yield n/a
Graham number (per share) $113.90 $119.43
48th		 $50.71

Profitability (TTM)

MeasureAFLIndustry medianIndustry percentileSector median
Gross margin n/a
EBITDA margin n/a
Operating margin 32.2% 15.1%
91st		 23.3%
EBIT margin 33.2% 13.9%
96th		 23.3%
Net margin 26.9% 10.3%
100th		 18.7%
NOPAT margin 27.0% 13.3%
88th		 18.7%
FCF margin n/a
Operating cash flow margin n/a
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 10.5% 5.8%
67th		 20.1%
Stock comp / revenue —
Effective tax rate 16.0% 19.2%
29th		 21.0%

Returns on capital

MeasureAFLIndustry medianIndustry percentileSector median
ROE (on average equity) 16.9% 13.1%
83rd		 11.9%
ROA 4.0% 0.5%
96th		 1.4%
ROIC n/a
ROCE n/a
Return on tangible assets 5.0% 0.7%
88th		 2.0%
Cash ROIC (OCF / invested capital) n/a
Gross profitability (GP / assets) n/a
ROIC, 3-yr average n/a
ROIC, 5-yr average n/a
ROE, 5-yr average 17.2% 11.9%
83rd		 10.7%
Incremental ROIC n/a

Growth

MeasureAFLIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 11.6% 6.6%
78th		 7.1%
Revenue growth (QoQ) -5.4% 2.6%
8th		 2.8%
Revenue CAGR, 3 yr -1.2% 0.4%
40th		 10.8%
Revenue CAGR, 5 yr -4.6% 2.2%
6th		 11.3%
Gross profit CAGR, 3 yr n/a
Operating income CAGR, 3 yr 5.0% 10.5%
35th		 8.8%
Net income growth (TTM YoY) 99.5% 25.2%
73rd		 24.7%
Net income CAGR, 3 yr 0.5% 5.0%
28th		 9.4%
EPS growth (TTM YoY) 112.5% 25.1%
77th		 25.1%
EPS CAGR, 3 yr 6.6% 10.8%
28th		 7.3%
EPS CAGR, 5 yr 2.4% 3.8%
45th		 4.2%
FCF growth (TTM YoY) n/a
FCF CAGR, 3 yr n/a
Operating cash flow CAGR, 3 yr n/a
Book value CAGR, 3 yr 20.9% 10.2%
95th		 8.9%
Dividend CAGR, 3 yr 7.6% 5.5%
70th		 1.9%
Sustainable growth rate 12.8% 8.3%
83rd		 8.3%

Margin history & stability

MeasureAFLIndustry medianIndustry percentileSector median
Gross margin, 3-yr average n/a
Operating margin, 3-yr average 28.0% 12.1%
70th		 21.4%
Net margin, 3-yr average 23.3% 6.4%
100th		 16.5%
FCF margin, 3-yr average n/a
Revenue stability (0-1) 0.72 0.58
70th		 0.86
Earnings stability (0-1) 0.20 0.30
39th		 0.37
Margin stability (0-1) 0.57 0.64
43rd		 0.81

Liquidity (latest quarter)

MeasureAFLIndustry medianIndustry percentileSector median
Cash & short-term investments n/a
Net cash (− = net debt) n/a
Working capital n/a
Current ratio n/a
Quick ratio n/a
Cash ratio (cash + ST investments / current liabilities) n/a
Defensive interval (days) n/a

Leverage & solvency (latest quarter)

MeasureAFLIndustry medianIndustry percentileSector median
Total debt n/a
Debt / equity n/a
Net debt / equity n/a
Debt / assets n/a
Debt / capital n/a
Debt / EBITDA n/a
Net debt / EBITDA n/a
Interest coverage (EBIT / interest) n/a
Cash interest coverage n/a
Debt payback (years of OCF) n/a
Liabilities / assets 73.9% 95.9%
4th		 86.2%
IS credit model rating AA+ — —
Implied credit spread (bps) 65 225
8th		 175

Efficiency

MeasureAFLIndustry medianIndustry percentileSector median
Asset turnover n/a
Fixed asset turnover n/a
Inventory turnover n/a
Receivables turnover n/a
Days sales outstanding n/a
Days inventory outstanding n/a
Days payables outstanding n/a
Cash conversion cycle (days) n/a
Capex / revenue n/a
Capex / depreciation n/a
Operating expense ratio n/a

Cash flow & earnings quality

MeasureAFLIndustry medianIndustry percentileSector median
Operating cash flow / net income n/a
FCF / net income n/a
FCF / operating cash flow n/a
Capex / operating cash flow n/a
Accruals ratio n/a
Sloan accruals ratio n/a
Earnings quality score (0-1) n/a

Dividends & buybacks

MeasureAFLIndustry medianIndustry percentileSector median
Dividend yield 2.0% 2.0%
46th		 2.3%
Dividend per share (TTM) $2.41 $1.59
79th		 $1.03
Payout ratio (dividends / net income) 24.6% 27.2%
48th		 30.0%
Dividends / FCF n/a
Dividend growth (YoY) 11.2% 8.2%
59th		 6.4%
Buyback yield 6.3% 3.8%
71st		 1.7%
Shareholder yield (dividends + buybacks) 8.3% 7.4%
62nd		 5.2%
Share count change (YoY) -6.1% -2.9%
30th		 -0.3%
Buybacks, last 5 years $10.6B $1.6B
96th		 $85.3M

Scores & forensic checks

MeasureAFLIndustry medianIndustry percentileSector median
IS score 59 42
92nd		 53
IS profitability 65 42
67th		 59
IS growth 66 58
87th		 57
IS value 81 87
38th		 77
IS momentum 69 65
57th		 76
IS risk (safety) 100 50
75th		 65
IS quality 66 64
58th		 71
IS balance sheet 80 57
100th		 51
IS earnings quality 68 71
46th		 74
IS cash flow 50 61
42nd		 71
Piotroski F-score (0-9) 6 6
38th		 6
Altman Z-score —
Beneish M-score —
Ohlson O-score −8.73 −6.57
0th		 −6.00
IS credit score 95 61
92nd		 68

Per share

MeasureAFLIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $9.62 $9.62
50th		 $3.36
Book value per share $59.96 $77.14
38th		 $28.13
Tangible book per share $60.13 $65.49
42nd		 $21.49
Revenue per share $35.77 $98.57
8th		 $17.62
FCF per share n/a
Operating cash flow per share n/a
Cash per share n/a

Size (TTM)

MeasureAFLIndustry medianIndustry percentileSector median
Market cap $60.2B $6.8B
96th		 $2.5B
Revenue $18.1B $6.3B
71st		 $1.0B
EBITDA $7.1B $1.1B
96th		 $269.3M
Net income $4.9B $831.0M
96th		 $168.0M
Free cash flow n/a
Total assets $116.0B $247.2B
38th		 $8.5B
Shareholders' equity $30.3B $6.5B
88th		 $1.5B
Employees 12,716 3,300
79th		 1,392

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-14Japan Post Holdings Co., Ltd.
10 percent owner
 Open-market sale 6,305$116.55$734,84850,296,635
2026-10-14Japan Post Holdings Co., Ltd.
10 percent owner
 Open-market sale 19,046$117.61$2.2M50,277,589
2026-10-14Japan Post Holdings Co., Ltd.
10 percent owner
 Open-market sale 29,649$118.17$3.5M50,247,940
2026-10-13Japan Post Holdings Co., Ltd.
10 percent owner
 Open-market sale 41,660$116.37$4.8M50,303,280
2026-10-13Japan Post Holdings Co., Ltd.
10 percent owner
 Open-market sale 340$117.03$39,79050,302,940
2026-10-12Japan Post Holdings Co., Ltd.
10 percent owner
 Open-market sale 11,468$115.83$1.3M50,345,672
2026-10-12Japan Post Holdings Co., Ltd.
10 percent owner
 Open-market sale 732$116.24$85,08850,344,940
2026-10-09Japan Post Holdings Co., Ltd.
10 percent owner
 Open-market sale 11,960$114.72$1.4M50,357,180
2026-10-09Japan Post Holdings Co., Ltd.
10 percent owner
 Open-market sale 40$115.52$4,62150,357,140
2026-10-08Japan Post Holdings Co., Ltd.
10 percent owner
 Open-market sale 3,257$112.95$367,87850,378,883
2026-10-08Japan Post Holdings Co., Ltd.
10 percent owner
 Open-market sale 950$113.81$108,12050,377,933
2026-10-08Japan Post Holdings Co., Ltd.
10 percent owner
 Open-market sale 8,393$115.05$965,61550,369,540

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1019,284—
GiftDisposed1550—
Open-market saleDisposed1611,432,067$167.1M
Option exerciseDisposed329,012$1.2M
Option exerciseAcquired329,012$1.2M
Tax withholdingDisposed31,455$167,803
—Disposed20—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 23 notices · 151,959 shares · $17.4M
FiledFilerShares proposedEst. proceeds
2026-09-16Koide Masatoshi13,201$1.6M
2026-08-11James Todd Daniels15,000$1.8M
2026-08-10Moskowitz Joseph L600$74,460
2026-06-22Moskowitz Joseph L12,370$1.4M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 2 trades (0 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-08-10Ro KhannaHouseSale$1,001 - $15,0002026-09-07
2026-01-29Ro KhannaHouseSale$1,001 - $15,0002026-02-10
2025-07-25Ro KhannaHousePurchase$1,001 - $15,0002025-08-08
2025-07-18Shelley Moore CapitoSenateSale$1,001 - $15,0002025-08-04
2025-07-18Shelley Moore CapitoSenateSale (Partial)$1,001 - $15,0002025-08-04
2025-07-18Shelley Moore CapitoSenateSale$1,001 - $15,0002025-08-04
2025-07-18Shelley Moore CapitoSenateSale (Partial)$1,001 - $15,0002025-08-03
2025-03-10Carol Devine MillerHousePurchase$1,001 - $15,0002025-04-11
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
Japan Post Holdings Co., Ltd.50,898,490$6.0B10.15%
BlackRock, Inc.34,915,032$4.1B6.96%
VANGUARD CAPITAL MANAGEMENT LLC29,902,916$3.5B5.96%
VANGUARD PORTFOLIO MANAGEMENT LLC24,356,406$2.9B4.86%
STATE STREET CORP23,513,644$2.8B4.69%
GEODE CAPITAL MANAGEMENT, LLC10,600,232$1.2B2.11%
WELLS FARGO & COMPANY/MN8,636,237$1.0B1.72%
GOLDMAN SACHS GROUP INC5,324,201$624.3M1.06%
NORTHERN TRUST CORP4,778,022$560.2M0.95%
DIMENSIONAL FUND ADVISORS LP4,586,923$537.9M0.91%
Invesco Ltd.4,016,736$471.0M0.80%
Legal & General Group Plc3,451,076$404.6M0.69%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC3,146,212$368.9M0.63%
Sixth Street Partners Management Company, L.P.3,146,212$368.9M0.63%
MORGAN STANLEY2,891,809$339.1M0.58%

Institutional ownership by quarter

2023-092026-0668.9%
% of shares held by 13F filers
2023-092026-061,705
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,70568.9%15458658798
2026-03-311,66967.9%126526660115
2025-12-311,68869.5%19057458791
2025-09-301,62569.3%137494645104
2025-06-301,61872.4%125508657118
2025-03-311,63473.4%15851563579
2024-12-311,58374.0%173509582113
2024-09-301,55574.2%18947559373
2024-06-301,45376.8%11750754173
2024-03-311,42976.8%11846056197
2023-12-311,42677.2%19544351259
2023-09-301,31479.0%11740252361

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-05-13SCHEDULE 13G/ATetsuya Numaguchi10.1%51,612,845
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
2026-03-05SCHEDULE 13G/AKenji Sano10.1%52,280,700
2026-01-07SCHEDULE 13G/AThe Vanguard Group10.9%57,141,127
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.07%$1.6B
VSMPX0.07%$1.6B
VTI0.07%$1.6B
VTSAX0.07%$1.6B
VOO0.08%$1.3B
VFFSX0.08%$1.3B

Share structure

Shares outstanding501,427,162
Float497,016,705
Free float99.1%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$21.5B$19.2B$18.8B$19.1B$17.4B
Cost of revenue$0$0$0$12.3B$10.7B
Gross profit$21.5B$19.2B$18.8B$6.8B$6.8B
R&D$0$0$0$0$0
SG&A$0$0$0$0$2.7B
Operating income$5.2B$4.9B$5.3B$6.4B$4.6B
EBITDA$5.2B$4.9B$5.3B$6.4B$5.5B
Pretax income$5.2B$4.9B$5.3B$6.4B$4.5B
Income tax$977.0M$451.0M$603.0M$974.0M$887.0M
Net income$4.2B$4.4B$4.7B$5.4B$3.6B
EPS, diluted$6.39$6.93$7.78$9.63$6.83
Diluted shares676.7M637.7M598.7M565.0M532.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$103.7B$79.7B$77.6B$71.5B$6.2B
Receivables$672.0M$647.0M$848.0M$779.0M$835.0M
Inventory$0$0$0$0$0
Total current assets$0$0$0$0$7.8B
PP&E, net$538.0M$530.0M$445.0M$387.0M$351.0M
Goodwill & intangibles$0$0$0$9.0B$9.0B
Total assets$157.5B$131.7B$126.7B$117.6B$116.5B
Accounts payable$0$0$0$0$0
Total current liabilities$0$0$0$0$0
Long-term debt$7.8B$7.3B$7.2B$7.4B$8.4B
Total liabilities$124.3B$111.6B$104.7B$91.5B$87.0B
Shareholders' equity$33.3B$20.1B$22.0B$26.1B$29.5B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$4.2B$4.4B$4.7B$5.4B$3.6B
Depreciation & amortization$0$0$0$0$0
Stock-based compensation$0$0$0$0$0
Change in working capital$942.0M$222.0M−$1.7B−$644.0M−$1.4B
Operating cash flow$5.1B$3.9B$3.2B$2.7B$2.6B
Capital expenditure$0$0$0$0$0
Free cash flow$5.1B$3.9B$3.2B$2.7B$2.6B
Investing cash flow−$2.4B−$1.5B$817.0M$2.8B$1.6B
Net debt issued / repaid$453.0M−$139.0M$204.0M$629.0M$955.0M
Buybacks−$2.3B−$2.4B−$2.8B−$2.8B−$3.5B
Dividends paid−$855.0M−$979.0M−$966.0M−$1.1B−$1.2B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin100.0%100.0%100.0%40.8%38.7%
Operating margin24.2%25.3%27.9%33.5%26.3%
Net margin19.7%22.9%24.7%28.5%21.0%
FCF margin23.0%20.2%18.2%14.2%14.7%
ROE12.9%16.5%22.1%22.6%13.1%
ROIC-6.9%-8.5%-9.7%-14.4%11.6%
ROA2.7%3.0%3.6%4.5%3.1%
Debt / equity0.240.370.330.290.29
Interest coverage22.4x21.6x27.0x32.6x21.0x
Current ratio—————
Revenue growth−0.7%−12.5%−1.7%+1.2%−9.2%
EPS growth−5.5%+8.4%+12.6%+20.9%−28.9%
P/E at year end8.2x9.5x9.9x10.5x16.1x
EV / EBITDA at year endn/mn/mn/mn/m11.0x
FCF yield at year end14.31%9.25%7.44%4.73%4.36%
Dividend payout19.8%22.2%20.7%20.0%32.9%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Aflac Japan Member$14.9B$12.3B$10.7B$9.7B$9.4B
Aflac US Member$6.5B$6.5B$6.6B$6.7B$6.9B
Other Segments$175.0M$267.0M$460.0M$1.0B$1.3B

Revenue by region · FY2025

Aflac Japan Member$9.4B · 58%
Aflac US Member$6.9B · 42%

Street estimates by fiscal year

Next report 2026-11-04 · consensus EPS $1.79 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$16.8B$16.5B – $16.9B$7.02$6.88 – $7.241017.1x
2027$16.9B$16.3B – $17.2B$7.61$7.29 – $8.48915.8x
2028$17.2B$16.6B – $17.6B$8.03$7.71 – $8.22514.9x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-06$1.76$1.75−0.6%$4.1B$4.1B−0.6%
2026-04-29$1.79$1.75−2.2%$4.2B$4.3B+3.4%
2026-02-04$1.69$1.57−7.1%$4.3B$4.9B+14.5%
2025-11-04$1.77$2.49+40.7%$4.4B$4.8B+9.8%
2025-08-05$1.70$1.78+4.7%$4.3B$4.2B−2.6%
2025-04-30$1.67$1.66−0.6%$4.3B$3.5B−19.3%
2025-02-05$1.62$1.56−3.7%$4.3B$5.5B+27.0%
2024-10-30$1.69$2.16+27.8%$4.3B$3.0B−29.4%
2024-07-31$1.60$1.83+14.4%$4.1B$5.2B+25.7%
2024-05-01$1.58$1.66+5.1%$4.1B$5.4B+31.3%
2024-01-31$1.45$1.25−13.8%$4.4B$3.9B−12.2%
2023-11-01$1.44$1.84+27.8%$4.3B$5.0B+16.2%
2023-08-01$1.42$1.58+11.3%$4.4B$5.2B+17.7%
2023-04-26$1.40$1.55+10.7%$4.6B$4.8B+5.3%
2023-02-01$1.21$1.29+6.6%$4.5B$4.0B−10.6%
2022-10-31$1.22$1.23+0.8%$4.6B$4.7B+2.0%
2022-08-01$1.29$1.46+13.2%$4.8B$5.3B+11.2%
2022-04-27$1.37$1.42+3.6%$5.1B$5.1B+0.3%
2022-02-02$1.27$1.28+0.8%$5.2B$5.4B+3.0%
2021-10-27$1.32$1.53+15.9%$5.3B$5.3B+0.2%
2021-07-28$1.27$1.59+25.2%$5.6B$5.5B−1.0%
2021-04-28$1.21$1.53+26.4%$5.5B$5.8B+5.2%
2021-02-03$1.05$1.07+1.9%$5.5B$6.0B+10.1%
2020-10-27$1.12$1.39+24.1%$4.6B$5.6B+21.1%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.306-150.206-220.206-290.207-060.307-130.207-200.207-270.308-030.308-100.308-170.308-240.408-31
Week ofNotionalSharesTrades
2026-08-31$353.5M3,027,03772,960
2026-08-24$254.7M2,180,04259,860
2026-08-17$262.5M2,206,96770,155
2026-08-10$261.3M2,149,19675,748
2026-08-03$326.9M2,606,67677,060
2026-07-27$241.9M1,890,88866,294

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1546.3%
DateShort shareShort volumeTotal volume
2026-10-1546.3%212,552459,380
2026-10-1441.0%199,431486,388
2026-10-1331.1%158,031508,557
2026-10-1231.1%200,298644,343
2026-10-0935.3%133,057377,080
2026-10-0846.5%394,523848,313
2026-10-0749.9%176,432353,432
2026-10-0642.1%205,606488,400
2026-10-0545.1%261,432580,211
2026-10-0239.3%274,892699,183
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-1.5Jan-0.4Feb+0.8Mar+4.8Apr+0.1May-0.5Jun+1.7Jul+1.1Aug+1.4Sep+2.0Oct+4.6Nov+0.9Dec
MonthAvg returnUp yearsYears
Jan−1.5%65%20
Feb−0.4%60%20
Mar+0.8%52%21
Apr+4.8%60%20
May+0.1%60%20
Jun−0.5%55%20
Jul+1.7%65%20
Aug+1.1%70%20
Sep+1.4%65%20
Oct+2.0%65%20
Nov+4.6%85%20
Dec+0.9%60%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1466.7
MFI67.2
ADX25.7
Stochastic %K / %D89.4 / 90.3
Williams %R-6.6
CCI178
TSI / signal6.3 / -11.0
Chaikin money flow0.07
ATR$1.98
Bollinger width7.8%
Volume vs 20-day avg1.12x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$114.56 (+4.7%)
SMA 50$116.45 (+3.0%)
SMA 200$114.48 (+4.8%)
EMA 21$115.67 (+3.7%)
EMA 50$116.42 (+3.0%)
EMA 200$114.52 (+4.8%)
Bollinger upper$119.06 (+0.8%)
Bollinger lower$110.07 (+9.0%)
Parabolic SAR$112.98 (+6.2%)
Open the live chart, 110+ indicators

About Aflac Incorporated

Aflac Incorporated, operating through its various subsidiary companies, focuses on delivering supplementary health and life insurance policies. The firm's business activities are structured into two primary divisions: Aflac Japan and Aflac U.S. In Japan, the company offers a diverse range of insurance products, including coverage for cancer, medical expenses, income support for nursing care, and the distinct GIFT plan. This segment also provides traditional whole and term life insurance, along with savings-oriented plans like WAYS and child endowment products. Meanwhile, the Aflac U.S. division caters to the American market, furnishing policies that address cancer, accidents, short-term disability, critical illness, and hospital stays. Additionally, it provides dental, vision, long-term care, disability, and both term and whole life insurance options. Aflac distributes its comprehensive suite of products through multiple channels, which include dedicated sales associates, independent brokers, various corporate and individual agencies, and affiliated agencies. Established in 1955, the company maintains its corporate headquarters in Columbus, Georgia.

https://www.aflac.com

Key executives

NameTitlePayBorn
Daniel Paul AmosChairman & Chief Executive Officer$9.8M1952
Max Kristian BrodenSenior EVP & CFO$4.5M1979
Bradley E. DyslinExecutive VP & Global Chief Investment Officer$3.9M1966
Virgil Raynard MillerPresident$3.3M1969
Audrey Boone TillmanSenior EVP, & General Counsel$3.2M1965
David A. YoungVice President of Capital Markets——
Robin L. Blackmon CGMASenior Vice President of Financial Services & Chief Accounting Officer—1964
ShamleySenior Vice President of National Account Business Development & Growth Solutions—1970

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Daniel P. Amos Chairman and CEO2025$1.4M$11.3M$6.4M$25.0M
Max K. Brodén Senior Executive Vice President, CFO2025$925,000$3.1M$2.8M$7.6M
Virgil R. Miller President, Aflac Incorporated and Aflac U.S.2025$825,000$3.5M$1.9M$6.9M
Bradley E. Dyslin Executive Vice President, Global Chief Investment Officer; President, Aflac Global Investments2025$765,000$2.9M$2.6M$6.8M
Audrey Boone Tillman Senior Executive Vice President, General Counsel2025$825,000$2.8M$1.8M$6.0M

Employees

11k201812k201912k202012k202113k202213k202313k202413k2025

Dividends

Ex-dateAmountPaid
2026-08-19$0.612026-09-01
2026-05-20$0.612026-06-01
2026-02-18$0.612026-03-02
2025-11-19$0.582025-12-01
2025-08-20$0.582025-09-02
2025-05-21$0.582025-06-02
2025-02-19$0.582025-03-03
2024-11-20$0.52024-12-02

Moat model

Weak · Efficient Scale · 2026-06-30
Cost advantage47
Intangibles61
Switching costs41
Network effect45
Efficient scale70
Our component scores (0-100) and overall 52.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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