Aflac Full Year 2024 Earnings: Beats Expectations

Aflac (NYSE:AFL) Full Year 2024 Results

Key Financial Results

• Revenue: US$18.9b (up 1.2% from FY 2023).
• Net income: US$5.44b (up 17% from FY 2023).
• Profit margin: 29% (up from 25% in FY 2023). The increase in margin was primarily driven by lower expenses.
• EPS: US$9.68 (up from US$7.82 in FY 2023).

AFL Profitability Indicators

• Combined ratio: 81.6% (up from 69.5% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Aflac Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) also surpassed analyst estimates by 23%.

Looking ahead, revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Insurance industry in the US are expected to grow by 4.5%.

Performance of the American Insurance industry.

The company's shares are down 4.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Aflac that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.