Aflac Past Earnings Performance

Past criteria checks 5/6

Aflac has been growing earnings at an average annual rate of 8.9%, while the Insurance industry saw earnings growing at 8.4% annually. Revenues have been declining at an average rate of 3.6% per year. Aflac's return on equity is 22.7%, and it has net margins of 27.7%.

Key information

8.9%

Earnings growth rate

13.9%

EPS growth rate

Insurance Industry Growth	8.0%
Revenue growth rate	-3.6%
Return on equity	22.7%
Net Margin	27.7%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Aflac Incorporated Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

May 05

Aflac Incorporated: Good Positioning But Risks From Japan

Apr 22

Aflac: Growing Cancer Cases Will Lead To Higher Revenues

Apr 09

Aflac Incorporated's (NYSE:AFL) Share Price Is Matching Sentiment Around Its Earnings

Apr 08

Aflac: An Incredible Dividend Aristocrat That Every Dividend Investor Should Own

Oct 03

Is Now The Time To Put Aflac (NYSE:AFL) On Your Watchlist?

Sep 07

Insurer Aflac Swims On In Strong Rate Environment, But Remains Overbought

Jun 19

Do Aflac's (NYSE:AFL) Earnings Warrant Your Attention?

Jun 01

Aflac's (NYSE:AFL) Upcoming Dividend Will Be Larger Than Last Year's

May 14

Aflac's (NYSE:AFL) Shareholders Will Receive A Bigger Dividend Than Last Year

Apr 30

Aflac: Impressive Record, Mixed Results

Feb 19

Aflac Continues To Deliver

Feb 10

Aflac (NYSE:AFL) Is Paying Out A Larger Dividend Than Last Year

Feb 03

AFLAC Non-GAAP EPS of $1.29 beats by $0.08, revenue of $4.01B misses by $480M

Feb 01

Aflac's (NYSE:AFL) Upcoming Dividend Will Be Larger Than Last Year's

Dec 21

Should You Be Adding Aflac (NYSE:AFL) To Your Watchlist Today?

Dec 08

Aflac: Moderately Overvalued In Light Of Challenging Growth Environment

Dec 07

Aflac: Higher Price, But Still Room To Run?

Nov 13

Aflac (NYSE:AFL) Will Pay A Larger Dividend Than Last Year At $0.40

Nov 09

AFLAC Non-GAAP EPS of $1.15 misses by $0.07, revenue of $4.82B beats by $240M

Oct 31

Aflac: 'Probability' Shows A Good Long-Term Dividend Firm

Oct 07

Aflac: Attractive Valuation After A Series Of Earnings Beats

Aug 16

AFLAC Q2 2022 Earnings Preview

Jul 29

Revenue & Expenses Breakdown
Beta

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

Earnings and Revenue History

NYSE:AFL Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	19,337	5,350	3,129
31 Dec 23	18,701	4,659	3,165
30 Sep 23	18,870	4,587	3,124
30 Jun 23	18,624	4,799	3,119
31 Mar 23	18,767	4,559	3,191
31 Dec 22	19,140	4,418	3,249
30 Sep 22	20,628	5,261	3,375
30 Jun 22	21,161	4,368	3,465
31 Mar 22	21,410	4,079	3,545
31 Dec 21	21,554	4,231	3,541
30 Sep 21	22,583	4,238	3,620
30 Jun 21	23,011	5,806	3,596
31 Mar 21	22,854	5,505	3,473
31 Dec 20	22,147	4,778	3,420
30 Sep 20	21,837	4,607	3,241
30 Jun 20	21,708	2,929	3,165
31 Mar 20	21,812	2,942	3,149
31 Dec 19	22,307	3,304	3,089
30 Sep 19	21,830	3,048	3,025
30 Jun 19	21,872	3,115	2,985
31 Mar 19	21,951	3,131	2,974
31 Dec 18	21,758	2,920	2,988
30 Sep 18	22,056	4,978	2,948
30 Jun 18	21,984	4,849	2,904
31 Mar 18	21,822	4,729	2,838
31 Dec 17	21,667	4,604	2,780
30 Sep 17	22,161	2,772	2,873
30 Jun 17	22,391	2,685	2,862
31 Mar 17	22,446	2,520	2,908
31 Dec 16	22,559	2,659	2,796
30 Sep 16	22,025	2,638	2,528
30 Jun 16	21,331	2,576	2,407
31 Mar 16	21,101	2,601	2,247
31 Dec 15	20,918	2,533	2,606
30 Sep 15	20,999	2,506	2,258
30 Jun 15	21,658	2,645	2,270
31 Mar 15	22,221	2,882	2,257
31 Dec 14	22,610	2,951	2,261
30 Sep 14	22,874	2,923	2,228
30 Jun 14	23,027	2,919	2,230
31 Mar 14	23,153	2,998	2,222
31 Dec 13	23,619	3,158	2,222
30 Sep 13	24,263	3,064	2,301
30 Jun 13	25,185	3,379	2,328

Quality Earnings: AFL has high quality earnings.

Growing Profit Margin: AFL's current net profit margins (27.7%) are higher than last year (24.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: AFL's earnings have grown by 8.9% per year over the past 5 years.

Accelerating Growth: AFL's earnings growth over the past year (17.4%) exceeds its 5-year average (8.9% per year).

Earnings vs Industry: AFL earnings growth over the past year (17.4%) did not outperform the Insurance industry 42.9%.

Aflac Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Aflac Incorporated to Report Q1, 2024 Results on May 01, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Aflac Incorporated to Report Fiscal Year 2023 Results on Jan 31, 2024

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Aflac Incorporated to Report Q3, 2023 Results on Nov 01, 2023

Recent updates

Aflac Incorporated Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

First quarter dividend of US$0.50 announced

Consensus EPS estimates increase by 29%

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Aflac Incorporated Declares Second Quarter Cash Dividend, Payable on June 3, 2024

Aflac Incorporated: Good Positioning But Risks From Japan

Aflac: Growing Cancer Cases Will Lead To Higher Revenues

Aflac Incorporated's (NYSE:AFL) Share Price Is Matching Sentiment Around Its Earnings

New minor risk - Insider selling

Executive Vice President notifies of intention to sell stock

Upcoming dividend of US$0.50 per share at 2.5% yield

Aflac: A Dividend Aristocrat To Watch

Aflac's (NYSE:AFL) Upcoming Dividend Will Be Larger Than Last Year's

Aflac Incorporated to Report Q1, 2024 Results on May 01, 2024

Executive Vice President notifies of intention to sell stock

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Aflac Incorporated Declares First Quarter Dividend, Payable on March 1, 2024

Aflac: Still A Very Interesting Dividend-Growth Play

Investors Don't See Light At End Of Aflac Incorporated's (NYSE:AFL) Tunnel

Aflac: Should Be Part Of Any Dividend Growth Portfolio

Aflac Incorporated Announces Executive Changes

Aflac Q3: Why High Valuation May Be Signaling A Stock Split (Rating Upgrade)

Aflac Incorporated to Report Fiscal Year 2023 Results on Jan 31, 2024

Aflac Incorporated Appoints Daniel P. Amos as President, Effective on January 1, 2024

Board Member recently sold US$2.6m worth of stock

Board Member notifies of intention to sell stock

Consensus EPS estimates increase by 11%

Aflac: Hold Rating Reaffirmed, A Dividend Grower With High Stock Price

President & COO recently sold US$8.1m worth of stock

Upcoming dividend of US$0.42 per share at 2.1% yield

President & COO notifies of intention to sell stock

Aflac Incorporated Declares Fourth Quarter Dividend, Payable on December 1, 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Aflac: An Incredible Dividend Aristocrat That Every Dividend Investor Should Own

Insufficient new directors

Is Now The Time To Put Aflac (NYSE:AFL) On Your Watchlist?

Aflac Incorporated to Report Q3, 2023 Results on Nov 01, 2023

Upcoming dividend of US$0.42 per share at 2.2% yield

Consensus EPS estimates increase by 10%

Board Member notifies of intention to sell stock

Consensus EPS estimates increase by 11%, revenue downgraded

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Aflac Incorporated Declares Third Quarter Cash Dividend, Payable on September 1, 2023

Insurer Aflac Swims On In Strong Rate Environment, But Remains Overbought

Do Aflac's (NYSE:AFL) Earnings Warrant Your Attention?

Independent Director notifies of intention to sell stock

Aflac Incorporated to Report Q2, 2023 Results on Aug 01, 2023

Aflac's (NYSE:AFL) Upcoming Dividend Will Be Larger Than Last Year's

Insider notifies of intention to sell stock

Upcoming dividend of US$0.42 per share at 2.5% yield

Insufficient new directors

President & COO notifies of intention to sell stock

Aflac Incorporated Elects Miwako Hosoda to Board of Directors

Now 21% undervalued after recent price drop

Aflac's (NYSE:AFL) Shareholders Will Receive A Bigger Dividend Than Last Year

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued after recent price drop

Aflac: Impressive Record, Mixed Results

Board Member notifies of intention to sell stock

Aflac Continues To Deliver

Upcoming dividend of US$0.42 per share at 2.4% yield

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Aflac (NYSE:AFL) Is Paying Out A Larger Dividend Than Last Year

Aflac Incorporated Announces Increase in First Quarter Cash Dividend, Payable on March 1, 2023

AFLAC Non-GAAP EPS of $1.29 beats by $0.08, revenue of $4.01B misses by $480M

Now 20% undervalued

Insider exercised options to buy US$231k worth of stock.

Aflac's (NYSE:AFL) Upcoming Dividend Will Be Larger Than Last Year's

Aflac Incorporated to Report Fiscal Year 2022 Results on Feb 01, 2023

Revenue & Expenses Breakdown
Beta