Market Cap
US$38.8b
Last Updated
2019/10/22 23:30 UTC
Data Sources
Company Financials +
Executive Summary
Aflac Incorporated, through its subsidiaries, provides voluntary supplemental health and life insurance products.
Snowflake
Fundamentals
Established dividend payer and fair value.
Similar Companies
Share Price & News
How has Aflac's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.8%
AFL
-1.2%
US Insurance
0.07%
US Market
1 Year Return
18.4%
AFL
15.3%
US Insurance
8.9%
US Market
Return vs Industry: AFL exceeded the US Insurance industry which returned 15.3% over the past year.
Return vs Market: AFL exceeded the US Market which returned 8.9% over the past year.
Shareholder returns
| AFL | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -1.2% | 0.07% |
| 30 Day | 0.9% | -2.8% | -0.3% |
| 90 Day | -2.8% | -3.7% | -1.6% |
| 1 Year | 21.0%18.4% | 18.2%15.3% | 11.3%8.9% |
| 3 Year | 61.0%50.5% | 44.2%33.1% | 46.3%36.8% |
| 5 Year | 98.1%76.1% | 66.2%46.3% | 62.1%44.3% |
Price Volatility Vs. Market
How volatile is Aflac's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Be Sure To Check Out Aflac Incorporated (NYSE:AFL) Before It Goes Ex-Dividend2 months ago | Simply Wall St
Have Insiders Sold Aflac Incorporated (NYSE:AFL) Shares Recently?2 months ago | Simply Wall St
How Does Aflac Incorporated (NYSE:AFL) Stand Up To These Simple Dividend Safety Checks?Valuation
Is Aflac undervalued compared to its fair value and its price relative to the market?
38.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AFL ($52.42) is trading below our estimate of fair value ($85.26)
Significantly Below Fair Value: AFL is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AFL is good value based on its PE Ratio (12.7x) compared to the Insurance industry average (15.8x).
PE vs Market: AFL is good value based on its PE Ratio (12.7x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: AFL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: AFL is overvalued based on its PB Ratio (1.4x) compared to the US Insurance industry average (1.2x).
Next Steps
Future Growth
How is Aflac forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
-0.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AFL's earnings are forecast to decline over the next 3 years (-0.9% per year).
Earnings vs Market: AFL's earnings are forecast to decline over the next 3 years (-0.9% per year).
High Growth Earnings: AFL's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AFL's revenue is expected to decline over the next 3 years (-0.3% per year).
High Growth Revenue: AFL's revenue is forecast to decline over the next 3 years (-0.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AFL's Return on Equity is forecast to be low in 3 years time (12.9%).
Next Steps
Past Performance
How has Aflac performed over the past 5 years?
8.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: AFL's earnings have grown by 8.5% 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 (-35.8%) over the past year, making it difficult to compare to the Insurance industry average (2%).
Return on Equity
High ROE: AFL's Return on Equity (11%) is considered low.
Return on Assets
ROA vs Industry: AFL's Return on Assets is below or equal to the Insurance industry average last year.
Return on Capital Employed
ROCE Improving: AFL's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Aflac's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: AFL has a low level of unsold assets or inventory.
Debt Coverage by Assets: AFL's debt is not covered by short term assets (assets are 0.9x debt).
Financial Institutions Analysis
Asset Level: AFL's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if AFL has a sufficient allowance for bad loans.
Low Risk Liabilities: AFL reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if AFL has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AFL has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if AFL has an appropriate level of bad loans.
Next Steps
Dividend
What is Aflac's current dividend yield, its reliability and sustainability?
2.06%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: AFL's dividend (2.06%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: AFL's dividend (2.06%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: AFL's dividends per share have been stable in the past 10 years.
Growing Dividend: AFL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.7%), AFL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AFL's dividends in 3 years are forecast to be well covered by earnings (26.2% payout ratio).
Next Steps
Management
What is the CEO of Aflac's salary, the management and board of directors tenure and is there insider trading?
5.8yrs
Average management tenure
CEO
Dan Amos (67yo)
29.8yrs
Tenure
US$17,535,398
Compensation
Mr. Daniel Paul Amos, also known as Dan, has been the Chief Executive Officer of AFLAC Inc. since 1990 and served as its President since February 13, 2018. Mr. Amos serves as Chief Executive Officer and Ch ...
CEO Compensation Analysis
Compensation vs. Market: Dan's total compensation ($USD17.54M) is about average for companies of similar size in the US market ($USD11.18M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.8yrs
Average Tenure
55yo
Average Age
Experienced Management: AFL's management team is seasoned and experienced (5.8 years average tenure).
Board Age and Tenure
7.4yrs
Average Tenure
61.5yo
Average Age
Experienced Board: AFL's board of directors are considered experienced (7.4 years average tenure).
Insider Trading
Insider Buying: AFL insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 1,500 |
| Max Price | US$52.00 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP |
| Shares | 1,552 |
| Max Price | US$52.96 |
| Entity | Individual |
| Shares | 63,703 |
| Max Price | US$52.20 |
| Entity | Individual |
| Shares | 2,750 |
| Max Price | US$52.02 |
| Entity | Individual |
| Role | Unit Chairman President of Aflac International & Chairman of Aflac Life Insurance Japan |
| Shares | 18,000 |
| Max Price | US$52.09 |
| Entity | Individual |
| Shares | 1,500 |
| Max Price | US$51.00 |
| Entity | Individual |
| Role | Unit Board Member President |
| Shares | 13,741 |
| Max Price | US$49.76 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$49.83 |
| Entity | Individual |
| Shares | 3,000 |
| Max Price | US$49.24 |
| Entity | Individual |
| Role | Chief Legal Officer Executive VP & General Counsel |
| Shares | 2,100 |
| Max Price | US$48.71 |
| Entity | Individual |
| Shares | 12,338 |
| Max Price | US$49.06 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP |
| Shares | 2,653 |
| Max Price | US$44.14 |
| Entity | Individual |
| Shares | 1,129 |
| Max Price | US$43.97 |
Ownership Breakdown
Management Team
Dan Amos (67yo)
Chairman
- Tenure: 29.8yrs
- Compensation: US$17.54m
Charles Lake (57yo)
President of Aflac International & Chairman of Aflac Life Insurance Japan
- Tenure: 11.3yrs
- Compensation: US$3.83m
Eric Kirsch (58yo)
Executive VP
- Tenure: 7.8yrs
- Compensation: US$5.04m
Fred Crawford (55yo)
Executive VP & CFO
- Tenure: 4.3yrs
- Compensation: US$7.39m
Audrey Tillman (54yo)
Executive VP & General Counsel
- Tenure: 5.4yrs
- Compensation: US$4.37m
Drew Niziak
Senior Vice President of Broker Sales
- Tenure: 6.8yrs
June Howard (52yo)
Senior VP of Financial Services & Chief Accounting Officer
- Tenure: 8.9yrs
Pete Kelso
Senior VP and Chief Information & Technology Officer
- Tenure: 0.4yrs
James Daniels (48yo)
Executive VP
- Tenure: 1.5yrs
David Young
Vice President of Investor & Rating Agency Relations
- Tenure: 0yrs
Board Members
Dan Amos (67yo)
Chairman
- Tenure: 29.8yrs
- Compensation: US$17.54m
Barbara Rimer (70yo)
Independent Director
- Tenure: 24.8yrs
- Compensation: US$305.04k
Mel Stith (72yo)
Independent Director
- Tenure: 7.4yrs
- Compensation: US$306.22k
Charles Lake (57yo)
President of Aflac International & Chairman of Aflac Life Insurance Japan
- Tenure: 11.3yrs
- Compensation: US$3.83m
Bob Johnson (74yo)
Independent Director
- Tenure: 17.8yrs
- Compensation: US$290.04k
William Bowers (63yo)
Lead Non-Management Director
- Tenure: 0.4yrs
- Compensation: US$300.04k
John Moorefield (57yo)
Executive VP and Chief Transformation Officer of IT
- Tenure: 2.8yrs
Tom Kenny (56yo)
Director
- Tenure: 4.7yrs
- Compensation: US$290.06k
Karole Lloyd (60yo)
Independent Director
- Tenure: 2.8yrs
- Compensation: US$297.68k
Masatoshi Koide (58yo)
President
- Tenure: 0yrs
Company Information
Aflac Incorporated's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Aflac Incorporated
- Ticker: AFL
- Exchange: NYSE
- Founded: 1955
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: US$38.811b
- Shares outstanding: 740.38m
- Website: https://www.aflac.com
Number of Employees
Location
- Aflac Incorporated
- 1932 Wynnton Road
- Columbus
- Georgia
- 31999
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AFL | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Aug 1973 |
| AFL | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Aug 1973 |
| 0H68 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Aug 1973 |
Biography
Aflac Incorporated, through its subsidiaries, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/22 23:30 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.