Aflac Incorporated

WBAG:AFL Stock Report

Market Cap: €53.8b

Aflac Past Earnings Performance

Past criteria checks 2/6

Aflac has been growing earnings at an average annual rate of 6.2%, while the Insurance industry saw earnings growing at 5.6% annually. Revenues have been declining at an average rate of 4.5% per year. Aflac's return on equity is 15.3%, and it has net margins of 22%.

Key information

6.2%

Earnings growth rate

11.5%

EPS growth rate

Insurance Industry Growth7.6%
Revenue growth rate-4.5%
Return on equity15.3%
Net Margin22.0%
Next Earnings Update05 Feb 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Aflac makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

WBAG:AFL Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2417,3023,8093,0540
30 Jun 2419,3045,4713,0910
31 Mar 2419,3375,3503,1290
31 Dec 2318,7014,6593,1650
30 Sep 2318,8714,5873,1260
30 Jun 2318,6244,7993,1210
31 Mar 2318,7674,5593,1910
31 Dec 2219,1404,4183,2490
30 Sep 2220,6285,2613,3750
30 Jun 2221,1614,3683,4650
31 Mar 2221,4104,0793,5450
31 Dec 2121,5544,2313,5410
30 Sep 2122,5834,2383,6200
30 Jun 2123,0115,8063,5960
31 Mar 2122,8545,5053,4730
31 Dec 2022,1474,7783,4200
30 Sep 2021,8374,6073,2410
30 Jun 2021,7082,9293,1650
31 Mar 2021,8122,9423,1490
31 Dec 1922,3073,3043,0890
30 Sep 1921,8303,0483,0250
30 Jun 1921,8723,1152,9850
31 Mar 1921,9513,1312,9740
31 Dec 1821,7582,9202,9880
30 Sep 1822,0564,9782,9480
30 Jun 1821,9844,8492,9040
31 Mar 1821,8224,7292,8380
31 Dec 1721,6674,6042,7800
30 Sep 1722,1612,7722,8730
30 Jun 1722,3912,6852,8620
31 Mar 1722,4462,5202,9080
31 Dec 1622,5592,6592,7960
30 Sep 1622,0252,6382,5280
30 Jun 1621,3312,5762,4070
31 Mar 1621,1012,6012,2470
31 Dec 1520,9182,5332,6060
30 Sep 1520,9992,5062,2580
30 Jun 1521,6582,6452,2700
31 Mar 1522,2212,8822,2570
31 Dec 1422,6102,9512,2610
30 Sep 1422,8742,9232,2280
30 Jun 1423,0272,9192,2300
31 Mar 1423,1532,9982,2220
31 Dec 1323,6193,1582,2220

Quality Earnings: AFL has high quality earnings.

Growing Profit Margin: AFL's current net profit margins (22%) are lower than last year (24.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: AFL's earnings have grown by 6.2% per year over the past 5 years.

Accelerating Growth: AFL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AFL had negative earnings growth (-17%) over the past year, making it difficult to compare to the Insurance industry average (18.1%).

Return on Equity

High ROE: AFL's Return on Equity (15.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 05:04
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Aflac Incorporated is covered by 32 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Jay GelbBarclays
Alex ScottBarclays