Aflac Financial Statements From 2010 to 2026

AFL Stock  USD 108.96  1.87  1.75%   
Aflac Incorporated's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Aflac Incorporated's valuation are provided below:
Gross Profit
8.5 B
Profit Margin
0.2355
Market Capitalization
57.3 B
Enterprise Value Revenue
3.5338
Revenue
17.7 B
There are over one hundred nineteen available fundamental signals for Aflac Incorporated, which can be analyzed over time and compared to other ratios. We recommend to validate Aflac Incorporated's prevailing fundamental drivers against the all of the trends between 2010 and 2026. Market Cap is expected to rise to about 27.1 B this year. Enterprise Value is expected to rise to about 27.5 B this year

Aflac Incorporated Total Revenue

14.47 Billion

Check Aflac Incorporated financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Aflac Incorporated's main balance sheet or income statement drivers, such as Interest Expense of 237.9 M, Total Revenue of 14.5 B or Gross Profit of 14.1 B, as well as many indicators such as Price To Sales Ratio of 2.85, Dividend Yield of 0.0127 or PTB Ratio of 2.45. Aflac financial statements analysis is a perfect complement when working with Aflac Incorporated Valuation or Volatility modules.
  
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Check out the analysis of Aflac Incorporated Correlation against competitors.
For more information on how to buy Aflac Stock please use our How to buy in Aflac Stock guide.

Aflac Incorporated Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets76.4 B135.2 B122.3 B
Slightly volatile
Short and Long Term Debt Total9.1 B8.6 B6.7 B
Slightly volatile
Total Stockholder Equity31.5 B30 B22 B
Slightly volatile
Net Debt814 M1.5 B1.7 B
Slightly volatile
Retained Earnings63.1 B60.1 B33.4 B
Slightly volatile
Non Current Assets Total133.5 B127.1 B85.5 B
Slightly volatile
Common Stock Shares Outstanding797.7 M508.5 M790.5 M
Slightly volatile
Liabilities And Stockholders Equity76.5 B135.2 B122.4 B
Slightly volatile
Non Current Liabilities Total110.4 B105.2 B70.8 B
Pretty Stable
Total Liabilities61.6 B105.2 B94.1 B
Very volatile
Total Current Liabilities626 M659 MB
Very volatile
Property Plant And Equipment Net503.3 M445.1 M469.6 M
Pretty Stable
Net Receivables610.7 M895.9 M760.8 M
Pretty Stable
Property Plant And Equipment Gross485.5 M691.1 M512.7 M
Slightly volatile
Total Current Assets4.4 B4.6 B62.8 B
Pretty Stable
Short Term Debt135.5 M142.6 M2.3 B
Slightly volatile
Common Stock Total Equity163 M155.2 M102.4 M
Slightly volatile
Common Stock164.2 M156.4 M102.7 M
Slightly volatile
Accounts Payable2.9 B1.5 B3.8 B
Slightly volatile
Cash7.5 B7.2 B4.3 B
Slightly volatile
Cash And Short Term Investments86.3 B82.2 B76.2 B
Slightly volatile
Short Term Investments40.7 B75.1 B69.6 B
Slightly volatile
Other Liabilities66.4 B105.5 B78.2 B
Slightly volatile
Long Term Debt4.3 B8.5 B5.7 B
Slightly volatile
Property Plant Equipment402.3 M348.3 M478.9 M
Slightly volatile
Net Tangible Assets24.2 B25.7 B22.1 B
Slightly volatile
Long Term Debt Total6.9 B8.4 B6.1 B
Slightly volatile
Capital Surpluse2.3 B3.3 B2.2 B
Slightly volatile
Long Term Investments56.1 B94.3 B50.9 B
Slightly volatile
Non Current Liabilities Other111.8 B114.9 B103.1 B
Slightly volatile
Capital Lease Obligations104.5 M110.4 M70.3 M
Slightly volatile
Cash And Equivalents5.2 B7.2 B4.9 B
Slightly volatile
Net Invested Capital37 B38.5 B32.6 B
Slightly volatile
Capital Stock148.8 M156.4 M137.2 M
Slightly volatile

Aflac Incorporated Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Interest Expense237.9 M226.6 M228.3 M
Pretty Stable
Total Revenue14.5 B22 B20.1 B
Very volatile
Gross Profit14.1 B7.8 B18.5 B
Pretty Stable
Other Operating Expenses11.4 B14.6 B15.7 B
Very volatile
Operating Income7.7 B7.4 B4.7 B
Slightly volatile
EBIT7.7 B7.4 B4.7 B
Slightly volatile
EBITDA7.7 B7.4 B4.9 B
Slightly volatile
Net Income6.6 B6.3 B3.7 B
Slightly volatile
Income Before Tax7.7 B7.4 B4.6 B
Slightly volatile
Cost Of Revenue10.2 B14.2 B11.8 B
Slightly volatile
Depreciation And Amortization42.6 M44.9 M177.1 M
Pretty Stable
Selling General Administrative3.4 B3.2 B1.6 B
Slightly volatile
Selling And Marketing Expenses154.8 M162.9 M342.4 M
Slightly volatile
Net Income Applicable To Common Shares6.6 B6.3 B3.8 B
Slightly volatile
Net Income From Continuing OpsB6.3 B3.7 B
Slightly volatile
Interest Income187.6 M177.3 M244.4 M
Slightly volatile

Aflac Incorporated Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash FlowB3.1 B6.1 B
Slightly volatile
Begin Period Cash Flow5.2 BB3.8 B
Slightly volatile
Dividends Paid1.3 B1.3 B777.9 M
Slightly volatile
Total Cash From Operating ActivitiesB3.1 B6.1 B
Slightly volatile
Net Income6.6 B6.3 B3.7 B
Slightly volatile
End Period Cash Flow7.5 B7.2 B4.3 B
Slightly volatile
Change To Liabilities88.1 M92.7 M2.6 B
Slightly volatile
Change To Operating Activities565.2 M594.9 M2.2 B
Slightly volatile
Issuance Of Capital Stock23.9 M12.6 M41.7 M
Slightly volatile
Stock Based Compensation43.2 M71.1 M58.5 M
Very volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.852.721.7426
Slightly volatile
Dividend Yield0.01270.0170.021
Slightly volatile
PTB Ratio2.452.541.7697
Slightly volatile
Days Sales Outstanding15.9617.0914.1748
Very volatile
Book Value Per Share44.2142.130.0831
Slightly volatile
Free Cash Flow Yield0.05120.05390.2306
Slightly volatile
Operating Cash Flow Per Share4.124.377.3934
Slightly volatile
Capex To Depreciation0.880.840.8795
Slightly volatile
PB Ratio2.452.541.7697
Slightly volatile
EV To Sales2.912.781.8235
Slightly volatile
Free Cash Flow Per Share4.14.377.3915
Slightly volatile
ROIC0.02930.0290.0324
Slightly volatile
Net Income Per Share9.228.785.1527
Slightly volatile
Sales General And Administrative To Revenue0.07240.09070.0971
Pretty Stable
Capex To Revenue0.00320.00340.0032
Slightly volatile
Cash Per Share121115103
Slightly volatile
POCF Ratio20.1519.198.2646
Slightly volatile
Interest Coverage43.0237.4622.5221
Slightly volatile
Payout Ratio0.160.180.2142
Slightly volatile
Capex To Operating Cash Flow0.01960.01130.0109
Pretty Stable
PFCF Ratio20.1519.198.2662
Slightly volatile
Income Quality0.540.572.511
Slightly volatile
ROE0.130.190.164
Pretty Stable
EV To Operating Cash Flow20.5919.618.621
Slightly volatile
PE Ratio15.312.1910.6419
Pretty Stable
Return On Tangible Assets0.04740.04510.0294
Slightly volatile
EV To Free Cash Flow20.5919.618.6227
Slightly volatile
Earnings Yield0.06360.08490.0982
Pretty Stable
Intangibles To Total Assets0.07250.06910.0727
Slightly volatile
Net Debt To EBITDA0.220.230.3815
Very volatile
Current Ratio153146156
Pretty Stable
Tangible Book Value Per Share28.9327.5527.3772
Slightly volatile
Receivables Turnover20.6522.126.2787
Pretty Stable
Graham Number95.7691.258.6871
Slightly volatile
Shareholders Equity Per Share44.2142.130.1029
Slightly volatile
Debt To Equity0.170.260.258
Pretty Stable
Capex Per Share0.03920.05950.0491
Slightly volatile
Revenue Per Share32.430.8627.156
Slightly volatile
Interest Debt Per Share13.0312.418.5259
Slightly volatile
Debt To Assets0.06030.05740.045
Slightly volatile
Enterprise Value Over EBITDA10.0410.5799.8198
Slightly volatile
Short Term Coverage Ratios9.5610.0613.1171
Slightly volatile
Price Earnings Ratio15.312.1910.6419
Pretty Stable
Operating Cycle15.9617.0914.1748
Very volatile
Price Book Value Ratio2.452.541.7697
Slightly volatile
Dividend Payout Ratio0.160.180.2142
Slightly volatile
Price To Operating Cash Flows Ratio20.1519.198.2646
Slightly volatile
Price To Free Cash Flows Ratio20.1519.198.2662
Slightly volatile
Pretax Profit Margin0.320.30.2143
Slightly volatile
Ebt Per Ebit0.07720.08680.0948
Slightly volatile
Operating Profit Margin0.150.30.2515
Pretty Stable
Company Equity Multiplier8.955.186.4015
Slightly volatile
Long Term Debt To Capitalization0.130.20.1981
Pretty Stable
Total Debt To Capitalization0.140.20.2027
Pretty Stable
Return On Capital Employed0.04460.06280.0513
Slightly volatile
Debt Equity Ratio0.170.260.258
Pretty Stable
Ebit Per Revenue0.150.30.2515
Pretty Stable
Quick Ratio153146156
Pretty Stable
Dividend Paid And Capex Coverage Ratio2.722.869.7891
Slightly volatile
Net Income Per E B T0.580.760.7708
Slightly volatile
Cash Ratio6.025.737.4694
Pretty Stable
Cash Conversion Cycle15.9617.0914.1748
Very volatile
Operating Cash Flow Sales Ratio0.150.160.2879
Slightly volatile
Days Of Sales Outstanding15.9617.0914.1748
Very volatile
Free Cash Flow Operating Cash Flow Ratio0.780.90.9759
Slightly volatile
Cash Flow Coverage Ratios0.390.421.3652
Slightly volatile
Price To Book Ratio2.452.541.7697
Slightly volatile
Fixed Asset Turnover24.6744.4842.0153
Very volatile
Capital Expenditure Coverage Ratio10491.1998.5341
Slightly volatile
Price Cash Flow Ratio20.1519.198.2646
Slightly volatile
Enterprise Value Multiple10.0410.5799.8198
Slightly volatile
Debt Ratio0.06030.05740.045
Slightly volatile
Cash Flow To Debt Ratio0.390.421.3652
Slightly volatile
Price Sales Ratio2.852.721.7426
Slightly volatile
Return On Assets0.04380.04170.0288
Slightly volatile
Asset Turnover0.260.190.1867
Slightly volatile
Net Profit Margin0.270.260.1742
Slightly volatile
Gross Profit Margin0.680.410.4097
Pretty Stable
Price Fair Value2.452.541.7697
Slightly volatile
Return On Equity0.130.190.164
Pretty Stable

Aflac Incorporated Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap27.1 B25.8 B26.7 B
Slightly volatile
Enterprise Value27.5 B26.2 B27.2 B
Slightly volatile

Aflac Fundamental Market Drivers

Forward Price Earnings14.2248
Cash And Short Term Investments71.5 B

Aflac Upcoming Events

31st of January 2024
Upcoming Quarterly Report
View
24th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
31st of January 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Aflac Incorporated Financial Statements

Aflac Incorporated investors utilize fundamental indicators, such as revenue or net income, to predict how Aflac Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Total Revenue22 B14.5 B
Cost Of Revenue14.2 B10.2 B
Sales General And Administrative To Revenue 0.09  0.07 
Revenue Per Share 30.86  32.40 
Ebit Per Revenue 0.30  0.15 

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When determining whether Aflac Incorporated is a strong investment it is important to analyze Aflac Incorporated's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Aflac Incorporated's future performance. For an informed investment choice regarding Aflac Stock, refer to the following important reports:
Check out the analysis of Aflac Incorporated Correlation against competitors.
For more information on how to buy Aflac Stock please use our How to buy in Aflac Stock guide.
You can also try the Stocks Directory module to find actively traded stocks across global markets.
Is Life & Health Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aflac Incorporated. If investors know Aflac will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aflac Incorporated listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.64)
Dividend Share
2.24
Earnings Share
7.61
Revenue Per Share
32.719
Quarterly Revenue Growth
0.607
The market value of Aflac Incorporated is measured differently than its book value, which is the value of Aflac that is recorded on the company's balance sheet. Investors also form their own opinion of Aflac Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Aflac Incorporated's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aflac Incorporated's market value can be influenced by many factors that don't directly affect Aflac Incorporated's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Aflac Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aflac Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aflac Incorporated's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.