Aflac (AFL) Stock Price

Aflac Price

NYSE·CLOSED
125.15USD-2.33 (-1.84 %)
Market closed

Revenue has compounded at 0.9% per year over the past 19 years to 17.44 B USD. Earnings per share have grown at 8.4% per year over the last 19 years. Aflac's net margin stands at 20.9%, up from 19.6% several years earlier. Aflac currently offers a dividend yield of about 1.85%. The payout ratio is around 34% of earnings. The dividend has grown at 7.9% per year over the past 19 years. Analysts set a median price target of 113.22 USD, implying 9.5% below the current price. Of 21 analysts, 3 rate the stock a buy — an overall Hold consensus. The stock trades about 27% above its 52-week low.

Aflac stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Aflac over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Aflac stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Aflac's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Aflac Stock Price History
DateAflac Price
8/4/2026125.15 USD
7/31/2026127.48 USD
7/30/2026127.36 USD
7/29/2026129.85 USD
7/27/2026126.69 USD
7/23/2026124.34 USD
7/22/2026123.58 USD
7/21/2026123.59 USD
7/20/2026124.08 USD
7/17/2026124.72 USD
7/16/2026123.02 USD
7/15/2026121.01 USD
7/14/2026122.05 USD
7/13/2026123.27 USD
7/10/2026121.91 USD
7/9/2026121.99 USD
7/8/2026121.08 USD
7/7/2026121.49 USD
7/6/2026120.33 USD
7/2/2026120.88 USD
7/1/2026118.49 USD
6/30/2026117.25 USD
6/29/2026119.63 USD
6/26/2026120.15 USD
6/25/2026118.23 USD
6/24/2026117.75 USD
6/23/2026118.79 USD
6/22/2026117.62 USD
6/18/2026115.56 USD
6/17/2026117.10 USD
6/16/2026117.83 USD
6/15/2026117.24 USD
6/12/2026118.34 USD
6/11/2026117.72 USD
6/10/2026117.51 USD
6/9/2026115.61 USD
6/8/2026115.24 USD
6/5/2026117.40 USD
6/4/2026116.09 USD
6/3/2026115.42 USD
6/2/2026113.01 USD
6/1/2026112.82 USD
5/29/2026113.46 USD
5/28/2026113.59 USD
5/27/2026115.52 USD
5/26/2026117.33 USD
5/22/2026117.49 USD
5/21/2026117.93 USD
5/20/2026118.31 USD
5/19/2026118.41 USD
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5/15/2026116.81 USD
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5/13/2026115.48 USD
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5/11/2026115.48 USD
5/8/2026113.10 USD
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5/6/2026113.40 USD
5/5/2026114.46 USD
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5/1/2026112.88 USD
4/30/2026113.67 USD
4/29/2026116.21 USD
4/28/2026116.29 USD
4/27/2026114.68 USD
4/24/2026114.62 USD
4/22/2026114.75 USD
4/21/2026115.97 USD
4/20/2026114.67 USD
4/17/2026114.52 USD
4/16/2026113.71 USD
4/15/2026112.98 USD
4/14/2026111.94 USD
4/13/2026112.14 USD
4/10/2026110.70 USD
4/9/2026113.07 USD
4/8/2026113.00 USD
4/7/2026110.52 USD
4/6/2026110.26 USD
4/2/2026110.48 USD
4/1/2026109.64 USD
3/31/2026109.71 USD
3/30/2026108.17 USD
3/27/2026106.41 USD
3/26/2026108.51 USD
3/25/2026107.21 USD
3/24/2026106.20 USD
3/23/2026106.65 USD
3/20/2026106.22 USD
3/19/2026107.17 USD
3/18/2026107.17 USD
3/17/2026109.52 USD
3/16/2026109.11 USD
3/13/2026108.71 USD
3/12/2026108.97 USD
3/11/2026109.07 USD
3/10/2026110.30 USD
3/9/2026110.18 USD
3/6/2026111.29 USD
3/5/2026111.04 USD
3/4/2026112.48 USD
3/3/2026112.43 USD
3/2/2026113.35 USD
2/27/2026112.93 USD
2/26/2026113.97 USD
2/25/2026112.44 USD
2/24/2026112.46 USD
2/23/2026112.35 USD
2/20/2026114.03 USD
2/19/2026112.76 USD
2/18/2026113.62 USD
2/17/2026115.42 USD
2/13/2026114.91 USD
2/12/2026115.88 USD
2/11/2026116.25 USD
2/10/2026115.88 USD
2/9/2026113.20 USD
2/6/2026117.15 USD
2/5/2026117.47 USD
2/4/2026113.62 USD
2/3/2026112.04 USD
2/2/2026111.95 USD
1/30/2026110.96 USD
1/29/2026110.51 USD
1/28/2026108.92 USD
1/27/2026108.39 USD
1/26/2026108.94 USD
1/23/2026107.09 USD
1/22/2026108.31 USD
1/21/2026108.57 USD
1/20/2026109.27 USD
1/16/2026109.51 USD
1/15/2026109.61 USD
1/14/2026110.18 USD
1/13/2026107.96 USD
1/12/2026108.88 USD
1/9/2026108.94 USD
1/8/2026110.26 USD
1/7/2026110.19 USD
1/6/2026111.96 USD
1/5/2026112.19 USD
1/2/2026110.24 USD
12/31/2025110.27 USD
12/30/2025110.80 USD
12/29/2025109.96 USD
12/26/2025109.90 USD
12/24/2025110.62 USD
12/23/2025110.72 USD
12/22/2025110.06 USD
12/19/2025110.36 USD
12/18/2025110.46 USD
12/17/2025110.50 USD
12/16/2025109.49 USD
12/15/2025111.50 USD
12/12/2025110.05 USD
12/11/2025108.85 USD
12/10/2025107.19 USD
12/9/2025108.03 USD
12/8/2025108.06 USD
12/5/2025109.28 USD
12/4/2025109.24 USD
12/3/2025109.04 USD
12/2/2025108.83 USD
12/1/2025109.55 USD
11/28/2025110.31 USD
11/26/2025110.55 USD
11/25/2025111.63 USD
11/24/2025110.38 USD
11/21/2025110.98 USD
11/20/2025110.55 USD
11/19/2025109.40 USD
11/18/2025112.01 USD
11/17/2025112.27 USD
11/14/2025114.33 USD
11/13/2025115.01 USD
11/12/2025114.61 USD
11/11/2025113.79 USD
11/10/2025113.58 USD
11/7/2025114.09 USD
11/6/2025113.70 USD
11/5/2025111.24 USD
11/4/2025108.81 USD
11/3/2025106.97 USD
10/31/2025107.19 USD
10/30/2025106.85 USD
10/29/2025105.70 USD
10/28/2025106.68 USD
10/27/2025107.55 USD
10/24/2025107.56 USD
10/23/2025107.55 USD
10/22/2025107.85 USD
10/21/2025108.18 USD
10/20/2025108.77 USD
10/17/2025107.98 USD
10/16/2025106.73 USD
10/15/2025109.81 USD
10/14/2025111.51 USD
10/13/2025110.26 USD
10/10/2025110.96 USD
10/9/2025111.17 USD
10/8/2025111.90 USD
10/7/2025112.93 USD
10/6/2025113.07 USD
10/3/2025112.21 USD
10/2/2025110.60 USD
10/1/2025110.75 USD
9/30/2025111.70 USD
9/29/2025111.35 USD
9/28/2025111.35 USD
9/25/2025111.36 USD
9/24/2025109.48 USD
9/23/2025108.21 USD
9/22/2025107.40 USD
9/19/2025108.05 USD
9/18/2025108.00 USD
9/17/2025109.23 USD
9/16/2025107.63 USD
9/15/2025108.41 USD
9/12/2025109.39 USD
9/11/2025108.69 USD
9/10/2025107.23 USD
9/9/2025106.28 USD
9/8/2025106.34 USD
9/5/2025107.13 USD
9/4/2025108.55 USD
9/3/2025106.74 USD
9/2/2025105.62 USD
8/29/2025106.87 USD
8/28/2025106.10 USD
8/27/2025107.41 USD
8/26/2025108.16 USD
8/25/2025107.38 USD
8/22/2025108.51 USD
8/21/2025108.19 USD
8/20/2025107.90 USD
8/19/2025106.89 USD
8/18/2025105.76 USD
8/15/2025105.72 USD
8/14/2025105.30 USD
8/13/2025105.70 USD
8/12/2025103.55 USD
8/11/2025104.17 USD
8/8/2025103.53 USD
8/7/2025102.28 USD
8/6/2025101.53 USD
8/5/202598.92 USD
Access this data via the Eulerpool API

Aflac Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2022
19.15 B USD
5.10 B USD
4.42 B USD
Jan 1, 2023
18.84 B USD
5.47 B USD
4.66 B USD
Jan 1, 2024
19.13 B USD
6.42 B USD
5.44 B USD
Jan 1, 2025
17.44 B USD
4.64 B USD
3.65 B USD
Jan 1, 2026 (e)
16.77 B USD
5.54 B USD
3.75 B USD
Jan 1, 2027 (e)
16.80 B USD
5.55 B USD
4.04 B USD
Jan 1, 2028 (e)
17.02 B USD
5.63 B USD
4.23 B USD
Jan 1, 2029 (e)
17.47 B USD
5.78 B USD
4.36 B USD

Aflac Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 5, 2026, 6:56 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESB
2014201520162017201820192020202120222023202420252026e2027e2028e2029e
22.7320.8722.5621.6721.7622.3122.1522.1119.1518.8419.1317.4416.7716.8017.0217.47
-5.06-8.178.08-3.950.422.52-0.72-0.19-13.37-1.621.52-8.84-3.840.181.312.64
100.00100.00100.00100.00100.00100.00100.00100.00100.00100.0035.6338.9338.9338.9338.9338.93
22.7320.8722.5621.6721.7622.3122.1522.1119.1518.846.826.796.536.546.626.80
4.814.154.344.264.214.904.645.805.105.476.424.645.545.555.635.78
21.1519.8919.2219.6519.3321.9720.9626.2326.6029.0133.5526.6133.0633.0633.0633.06
2.952.532.664.372.923.304.784.334.424.665.443.653.754.044.234.36
-6.55-14.164.9764.39-33.2013.1544.61-9.482.155.4516.83-33.012.937.544.763.10
1.501.581.662.601.301.081.121.321.601.682.002.322.442.692.96
-29.255.335.0656.63-50.00-16.923.7017.8621.215.0019.0516.005.1710.2510.04
0.900.840.810.790.760.740.690.660.620.580.570.530.530.530.530.53
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Aflac generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Aflac retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Aflac's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Aflac has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Aflac's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Aflac stock margins

The Aflac margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Aflac. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Aflac.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
100.00 %
26.23 %
19.56 %
Jan 1, 2022
100.00 %
26.60 %
23.07 %
Jan 1, 2023
100.00 %
29.01 %
24.73 %
Jan 1, 2024
35.63 %
33.55 %
28.46 %
Jan 1, 2025
38.93 %
26.61 %
20.91 %
Jan 1, 2026 (e)
38.93 %
33.06 %
22.39 %
Jan 1, 2027 (e)
38.93 %
33.06 %
24.03 %
Jan 1, 2028 (e)
38.93 %
33.06 %
24.85 %

Aflac Stock Revenue, EBIT, Earnings per Share

The Aflac earnings per share therefore indicates how much revenue Aflac has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
33.37 USD
8.75 USD
6.53 USD
Jan 1, 2022
30.74 USD
8.18 USD
7.09 USD
Jan 1, 2023
32.21 USD
9.34 USD
7.97 USD
Jan 1, 2024
33.85 USD
11.36 USD
9.63 USD
Jan 1, 2025
32.78 USD
8.72 USD
6.85 USD
Jan 1, 2026 (e)
31.35 USD
10.42 USD
7.02 USD
Jan 1, 2027 (e)
31.41 USD
10.44 USD
7.55 USD
Jan 1, 2028 (e)
31.82 USD
10.58 USD
7.91 USD

Aflac business model & stock analysis

Aflac Inc is an American insurance company that was founded in 1955. The company is headquartered in Columbus, Georgia, and operates worldwide with its products and services. The name Aflac is an abbreviation for American Family Life Assurance Company. History Aflac was founded by the brothers John, Paul, and Bill Amos, who had a business idea that would allow families to protect themselves against unforeseen events. The idea came about when the brothers were in Japan and saw how a similar concept was very successful. In 1958, Aflac began offering health insurance in the United States and quickly became successful. The company expanded its portfolio to include accident and life insurance and became one of the largest providers of voluntary supplemental insurance in the United States in the 1980s. Business model Aflac specializes in voluntary supplemental insurance – products that customers take out themselves to protect themselves against specific risks. Essentially, the insurance involves payments that are paid out in certain events such as illness, injury, or death. These payments can be used to cover costs that are not covered by regular health insurance, such as deductibles or salary loss. An important aspect of Aflac's business model is targeting the right audience. The company focuses on employees of small businesses and self-employed individuals who often do not have the protection and benefits that large companies offer their employees. Aflac utilizes a distribution channel that relies on independent agents to sell the company's products directly to the target audience. The different divisions Aflac offers a variety of products in different divisions. The three main divisions are health insurance, accident insurance, and life insurance. Health insurance Aflac's health insurance products aim to fill the insurance gaps of regular health policies. They cover costs that are not covered by traditional policies, such as deductibles or medication costs. The insurances are designed to help customers reduce their financial burden when they become ill or injured. Accident insurance Accident insurance covers damages caused by an accident. The product aims to fill the gaps in a customer's regular health insurance or disability insurance. The insurance can help provide cash to cover medical, rehabilitative, and other additional expenses such as bills related to vital and hospital visits. Life insurance Aflac's life insurance products provide customers with financial security in cases such as death or serious illness, which often have a negative financial impact on the family. The insurance can help provide funds to continue lifestyle and ongoing bills. Products Aflac offers a variety of specialized insurance products such as cancer insurance, intensive care insurance, hospital insurance, dental accident insurance, life and accident insurance, short-term disability insurance, and long-term care insurance. These products offer solutions for specific needs and provide valuable benefits to their customers. Summary Aflac Inc offers specialized voluntary supplemental insurance to protect customers against specific risks not covered by traditional policies. The company utilizes a distribution channel that relies on independent agents and focuses on small businesses and self-employed individuals. Aflac has successful health, accident, and life insurance products as well as a variety of specialized insurances to fulfill specific needs and provide valuable benefits to customers. Aflac strives to financially protect its customers when unforeseen events occur and aims to fill the gaps in regular health insurance.

Aflac SWOT Analysis

Strengths

  • Strong brand presence: Aflac is a well-known and trusted brand in the insurance industry.
  • Diverse product portfolio: The company offers a wide range of insurance products and solutions.
  • Financial stability: Aflac has a strong financial position and has consistently delivered positive financial results.
  • Global presence: Aflac operates in both the US and Japan, providing geographical diversification.
  • Effective marketing strategies: The company has successful advertising campaigns that have helped enhance brand recognition.

Weaknesses

  • Dependence on supplemental insurance: Aflac heavily relies on supplemental insurance sales, which could be impacted by changes in healthcare policies.
  • Intense competition: The insurance market is highly competitive, with numerous competitors offering similar products.
  • Regulatory challenges: The company must comply with different regulations in the US and Japan, increasing operational complexity.
  • Limited geographic presence: While Aflac operates in the US and Japan, it may miss opportunities in other markets.

Opportunities

  • Technological advancements: Aflac can leverage emerging technologies to streamline operations and improve customer experiences.
  • Expanding into new markets: The company can explore opportunities to enter untapped markets and diversify its revenue streams.
  • Rising healthcare costs: The increasing costs of healthcare may create demand for Aflac's supplemental health insurance products.
  • Growing aging population: The aging population presents an opportunity for Aflac to offer products catering to the needs of seniors.

Threats

  • Economic downturns: Aflac's business could be negatively impacted by economic recessions or financial crises.
  • Changing regulatory environment: Government regulations and policies may affect the insurance industry and disrupt Aflac's operations.
  • Insurance fraud: Fraudulent claims or activities could result in financial losses and damage the company's reputation.
  • Emerging competition: New entrants and innovative startups could pose challenges to Aflac's market share.

Aflac Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Aflac Employees
Details
Date
Aflac Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Aflac Segments

Aflac Revenue by Segment (1/3)

  • 3 Years

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  • 10 Years

  • Max

Total Business Segments
Aflac U.S
Corporate
Corporate and other
Corporate and eliminations
Other business segments
Intercompany eliminations
Details
Date
Total Business Segments
Aflac U.S
Corporate
Corporate and other
Corporate and eliminations
Other business segments
Business Intersegment Eliminations
Intercompany eliminations
Jan 1, 2015
20.77 B USD
6.03 B USD
282.00 M USD
0.00 USD
0.00 USD
225.00 M USD
0.00 USD
-201.00 M USD
Jan 1, 2016
22.57 B USD
6.17 B USD
284.00 M USD
0.00 USD
0.00 USD
275.00 M USD
0.00 USD
-199.00 M USD
Jan 1, 2017
21.46 B USD
6.29 B USD
0.00 USD
0.00 USD
210.00 M USD
140.00 M USD
0.00 USD
0.00 USD
Jan 1, 2018
0.00 USD
6.44 B USD
0.00 USD
339.00 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
6.55 B USD
0.00 USD
393.00 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2020
0.00 USD
6.57 B USD
0.00 USD
384.00 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
0.00 USD
6.49 B USD
0.00 USD
175.00 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
6.49 B USD
0.00 USD
267.00 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD

Aflac Revenue by Segment (2/3)

  • 3 Years

  • 5 Years

  • 10 Years

  • Max

Aflac Japan
Details
Date
Aflac Japan
Jan 1, 2015
14.51 B USD
Jan 1, 2016
16.13 B USD
Jan 1, 2017
15.03 B USD
Jan 1, 2018
15.21 B USD
Jan 1, 2019
15.31 B USD
Jan 1, 2020
15.37 B USD
Jan 1, 2021
14.93 B USD
Jan 1, 2022
12.25 B USD

Aflac Revenue by Segment (3/3)

  • 3 Years

  • 5 Years

  • 10 Years

  • Max

Details
Date
Corporate
Intercompany eliminations
Jan 1, 2015
0.00 USD
0.00 USD
Jan 1, 2016
0.00 USD
0.00 USD
Jan 1, 2017
0.00 USD
0.00 USD
Jan 1, 2018
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
Jan 1, 2020
0.00 USD
0.00 USD
Jan 1, 2021
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD

Aflac Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Aflac historical P/E ratio, EBIT multiple, and P/S ratio

Aflac annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Aflac shares outstanding

The number of shares of Aflac was 532.02 M in 2025. This indicates how many shares Aflac is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
662.51 M Stocks
Jan 1, 2022
622.99 M Stocks
Jan 1, 2023
584.88 M Stocks
Jan 1, 2024
565.02 M Stocks
Jan 1, 2025
532.02 M Stocks
Jan 1, 2026 (e)
532.02 M Stocks
Jan 1, 2027 (e)
532.02 M Stocks
Jan 1, 2028 (e)
532.02 M Stocks

Aflac stock splits

In Aflac's history, there have been no stock splits.

Aflac Dividend History

37 years of dividend payments · 6 consecutive increases

YearAnnual DividendYoY ChangePayments
20261.22USDYTD
Feb 18, 20260.61USD 5.2%1/2
May 20, 20260.61USD 0.0%2/2
20252.32USD 16.0%
Feb 19, 20250.58USD 16.0%1/4
May 21, 20250.58USD 0.0%2/4
Aug 20, 20250.58USD 0.0%3/4
Nov 19, 20250.58USD 0.0%4/4
20242.00USD 19.0%
20231.68USD 5.0%
20221.60USD 21.2%
20211.32USD 17.9%
20201.12USD 3.7%
20191.08USD 16.9%
20181.30USD 50.0%
20172.60USD 56.6%

Aflac dividend history and estimates

In 2025, Aflac paid a dividend amounting to 2.32 USD. Dividend means that Aflac distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
1.32 USD
0.00 USD
Jan 1, 2022
1.60 USD
0.00 USD
Jan 1, 2023
1.68 USD
0.00 USD
Jan 1, 2024
2.00 USD
0.00 USD
Jan 1, 2025
2.32 USD
0.00 USD
Jan 1, 2026 (e)
0.61 USD
1.83 USD
Jan 1, 2027 (e)
0.00 USD
2.69 USD
Jan 1, 2028 (e)
0.00 USD
2.96 USD

Aflac dividend payout ratio

In 2025, Aflac had a payout ratio of 33.85%. The payout ratio indicates the percentage of the company's profits that Aflac distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
20.22 %
Jan 1, 2022
22.56 %
Jan 1, 2023
21.09 %
Jan 1, 2024
20.76 %
Jan 1, 2025
33.85 %
Jan 1, 2026 (e)
34.77 %
Jan 1, 2027 (e)
35.61 %
Jan 1, 2028 (e)
37.44 %

Current Aflac forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
14.29 % (3)
Hold
47.62 % (10)
Sell
38.10 % (8)
12M Price Target
113.22
Last Price
124.99
Currency
USD
12M Return Potential
-9.42 %
LTM Return
0 %

Aflac Analyst Rating Actions

DateFirmActionRatingReliability
7/22/2026
TD Cowen
TD Cowen
MaintainedHold60
7/21/2026
JP Morgan
JP Morgan
MaintainedNeutral80
7/13/2026
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
MaintainedMarket Perform
7/13/2026
Evercore ISI Group
Evercore ISI Group
MaintainedUnderperform62
7/10/2026
Jefferies
Jefferies
MaintainedHold47
7/9/2026
Wells Fargo
Wells Fargo
MaintainedEqual Weight56
7/9/2026
Mizuho
Mizuho
MaintainedUnderperform31
7/8/2026
UBS
UBS
MaintainedNeutral51
7/7/2026
Barclays
Barclays
MaintainedUnderweight33
5/26/2026
Piper Sandler
Piper Sandler
MaintainedOverweight51

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Aflac Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
8/6/20261.79USD-4.20 BUSD-2026 Q2
4/29/20261.84USD-4.25 BUSD-2026 Q1
2/4/20261.85USD-4.38 BUSD-2026 Q4
4/24/20241.59USD-4.52 BUSD-2024 Q1
1/30/20241.47USD-4.44 BUSD-2023 Q4
7/31/20231.37USD-4.56 BUSD-2023 Q2
4/25/20231.35USD-4.57 BUSD-2023 Q1
1/31/20231.23USD-4.53 BUSD-2022 Q4
10/31/20221.23USD-4.64 BUSD-2022 Q3
8/1/20221.30USD-4.86 BUSD-2022 Q2
...

EESG©

Eulerpool ESG Scorecard© for the Aflac stock

40/100
32
Environment
44
Social
43
Governance
E

Environment

20
Scope 1 - Direct Emissions3,499
Scope 2 - Indirect emissions from purchased energy7,562
Scope 3 - Indirect emissions within the value chain208,401
Total CO₂ emissions11,061
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees59.04
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Aflac shareholder structure

% Name
10.63624%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
9.77793%
Japan Post Holdings Co., Ltd.
Japan Post Holdings Co., Ltd.
9.71708%
JAPAN POST HOLDINGS CO., LTD.
JAPAN POST HOLDINGS CO., LTD.
6.76889%
BLACKROCK, INC.
BLACKROCK, INC.
5.65632%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
4.44262%
State Street Investment Management (US)
State Street Investment Management (US)
...

Aflac Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.1%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
12.90%
OPPENHEIMER GROUP, INC.
OPPENHEIMER GROUP, INC.
SEC ↗
10.14%
Japan Post Holdings Co., Ltd.
Japan Post Holdings Co., Ltd.
SEC ↗
9.30%
Aflac Incorporated (the “Reporting Person”)
Aflac Incorporated (the “Reporting Person”)
SEC ↗
8.36%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
7.45%
Yoshiyuki Koiwa
Yoshiyuki Koiwa
SEC ↗
7.45%
Kenji Sano
Kenji Sano
SEC ↗
7.45%
J&A Alliance Holdings Corporation
J&A Alliance Holdings Corporation
SEC ↗
7.45%
General Incorporated Association J&A Alliance
General Incorporated Association J&A Alliance
SEC ↗
6.90%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
6.80%
Vanguard Capital Management
Vanguard Capital Management
SEC ↗

Aflac Executives and Management Board

19 members · avg. age 62 · 32 % women

DA

Mr. Daniel Amos (73)

Chairman of the Board, Chief Executive Officer · since 1983

19.27 M USD

Management

MB

Mr. Max Broden (46)

Chief Financial Officer, Senior Executive Vice President

6.21 M USD
BD

Mr. Bradley Dyslin (59)

Executive Vice President, Global Chief Investment Officer

5.01 M USD
AT

Ms. Audrey Tillman (60)

Senior Executive Vice President, General Counsel

4.55 M USD
CL

Mr. Charles Lake (63)

President - Aflac International

3.90 M USD
VM

Mr. Virgil Miller (56)

President, President - Aflac U.S.

3.61 M USD
MK

Mr. Masatoshi Koide (64)

President and Representative Director, Aflac Japan

3.44 M USD

Board of Directors

WB

Mr. W. Paul Bowers (68)

Lead Independent Director

405,094.00 USD
KL

Mrs. Karole Lloyd (66)

Independent Director

365,051.00 USD
JM

Mr. Joseph Moskowitz (71)

Independent Director

355,051.00 USD
AC

Mr. Arthur Collins (65)

Independent Director

340,051.00 USD
TK

Mr. Thomas Kenny (62)

Independent Director

340,051.00 USD
KR

Ms. Katherine Rohrer (71)

Independent Director

340,051.00 USD

Aflac Supply Chain

Aflac Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
14 companies
#Nameβ 1YTrend
1
TriNet Group, Inc.
Customer·Professional Services·US
0.82
0.93
0.56
-0.38
0.16
0.77
0.32
2
Lilycolor
Supplier·Distributors·JP
0.82
0.32
-0.13
0.38
0.51
0.60
3
Nippon Building Fund
Supplier·Equity Real Estate Investment Trusts (REITs)·JP
-0.48
-0.44
0.16
-0.65
-0.75
0.59
4
Nippon Systemware
Supplier·Software·JP
-0.64
-0.78
-0.20
-0.52
-0.66
0.39
#Nameβ 1YTrend
1
Pluralsight, Inc.
Supplier·US
-0.19
-0.49
0
0.69
2
Splunk
Supplier·Software·US
0.46
0.78
0.51
0.34
-0.38
-0.87
3
Nisshin OilliO Group
Customer·Food Products·JP
0.01
-0.64
-0.14
0.22
-0.59
-0.66
-0.61
4
Showcase
Supplier·IT Services·JP
0.73
0.82
0.63
-0.55
-0.78
-0.50
5
Odakyu Electric Railway
Supplier·Road & Rail·JP
0.57
0.21
0.34
-0.56
-0.78
-0.42
-1.15

Frequently asked questions about Aflac

Aflac Inc's business model revolves around providing supplemental insurance products and services. As a renowned insurance company, Aflac offers individuals and companies options to protect themselves financially against unexpected medical expenses. Their unique approach involves offering policies that pay policyholders cash benefits directly, providing financial assistance to cover costs that regular insurance plans may not address. Aflac's core strategy focuses on creating sustainable growth through innovation, customer-centricity, and strong partnerships. With their dedicated commitment to helping individuals and businesses mitigate financial risks, Aflac Inc remains a trusted leader in the insurance industry.

Aflac Inc is primarily active in the insurance industry.

The main competitors of Aflac Inc in the market include major insurance companies such as MetLife, Prudential Financial, and Allstate Corporation. These companies also offer a range of insurance products and services, including supplemental health and life insurance. Competing with Aflac in the market, these companies aim to provide similar coverage options and attract potential customers seeking insurance solutions. However, Aflac Inc, known for its extensive expertise and unique approach to supplemental insurance, remains one of the leading players in the industry, offering competitive benefits and customer-centric solutions.

Aflac Inc, an American insurance company, was founded in 1955 and is headquartered in Columbus, Georgia. With its iconic duck mascot, Aflac has become a major provider of supplemental insurance products. The company specializes in insuring policyholders against costs associated with illnesses and accidents, offering products such as cancer insurance, disability insurance, and hospital indemnity plans. Aflac has grown into a Fortune 500 company and expanded its operations globally, serving millions of customers worldwide. Aflac Inc has a strong reputation for its commitment to ethical business practices, innovation, and corporate social responsibility initiatives.

Aflac Inc., a reputable insurance company, has achieved numerous significant milestones throughout its history. Some notable achievements include becoming the largest provider of supplemental insurance products to consumers in Japan and the United States, successfully launching its brand in multiple international markets, being recognized as a Fortune 500 company, and consistently delivering sustainable growth in its financial performance. Aflac Inc. has also earned a reputation for its commitment to corporate social responsibility, receiving recognition for its ethical business practices and philanthropic efforts. With a strong track record and a solid presence in the insurance industry, Aflac Inc. continues to excel and provide value to its customers and shareholders alike.

Aflac Inc is primarily present in the United States and Japan.

Aflac Inc represents strong values and a clear corporate philosophy. The company is committed to providing financial protection and peace of mind to individuals and families through their innovative insurance products. Aflac Inc values integrity, transparency, and financial stability, focusing on building long-term relationships with their policyholders and shareholders. With a customer-centric approach, the company aims to fulfill their promise of being there for policyholders during challenging times. Aflac Inc also believes in giving back to the community by supporting various charitable initiatives. Overall, Aflac Inc's values revolve around trust, reliability, and socially responsible practices.

Analysts currently set an average price target of 114.50 USD for the Aflac stock (median: 113.22 USD), implying -8.4 % versus the latest price. The consensus is based on 21 analyst ratings.

21 analysts currently rate the Aflac stock: 3 recommend buying, 10 holding and 8 selling. For 2026, analysts expect Aflac to generate revenue of 16.77 B USD and earnings per share of 7.06 USD.

Converted at the current exchange rate, the Aflac share trades at 108.59 EUR (125.15 USD).

The Aflac share (AFL) is listed on 10 stock exchanges, including: NYSE (AFL), XETRA (AFL.DE), Frankfurt (AFL.F), München (AFL.MU), Düsseldorf (AFL.DU), Hamburg (AFL.HM), London (0H68.L), London (0H68.L).

Aflac Inc. is a leading US company in the voluntary insurance sector and has been offering its customers a wide range of insurance products since its founding in 1955. The company's business model is based on providing voluntary insurance products, typically offered by employers, to support their employees and provide additional benefits. Aflac's mission is to provide security and peace of mind to its customers by protecting them from financial challenges associated with serious illnesses, injuries, and accidents. Aflac offers insurance products in the areas of health, accident, cancer, dental, hospital stay, short-term disability, and long-term care. One key advantage of Aflac over its competitors is that the company does not ask medical questions or conduct examinations to be included in a policy, making it easier for people of all ages and health levels to obtain insurance that meets their needs. Aflac delivers its products to customers through various distribution channels, including employer groups, brokers, independent agents, and directly to consumers. Aflac primarily works with employer groups that give their employees the opportunity to enroll in voluntary insurance. Through offers, Aflac convinces employers that offering insurance benefits their employees and consequently contributes to employee retention and satisfaction. Brokers are another important distribution channel for Aflac. They assist companies in selecting and creating insurance plans to be offered to their employees, enabling Aflac to reach a larger audience. Independent agents and representatives of Aflac who work directly with consumers also play a crucial role in spreading and marketing Aflac products. These agents and representatives contribute to ensuring that consumers are fully familiar with the company's offerings. In summary, Aflac Inc. operates a business model that is based on providing voluntary insurance products to employer groups, consumers, and their families. Aflac's strength lies in its quick and easy processing and its wide range of offerings, which are covered by different distribution channels.

The expected revenue of Aflac is 16.77 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Aflac is 3.75 B USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Aflac is currently 17.74. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Aflac stock.

The price-to-sales ratio (P/S) of Aflac is currently 3.97. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Aflac stock.

The Eulerpool Quality Score for Aflac is 3/10.

The ISIN of Aflac is US0010551028. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Aflac is 853081. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Aflac is AFL. The ticker symbol is used to trade Aflac shares on the stock exchange.

Over the past 12 months, Aflac paid a dividend of 2.32 USD . This corresponds to a dividend yield of about 1.85 %. For the coming 12 months, Aflac is expected to pay a dividend of 2.69 USD.

The current dividend yield of Aflac is 1.85 %.

Aflac pays a dividend, distributed in the months of , , , .

Aflac paid dividends every year for the past 42 years.

For the upcoming 12 months, dividends amounting to 2.69 USD are expected. This corresponds to a dividend yield of 2.11 %.

Aflac is assigned to the 'Finance' sector.

In the year 2025, Aflac distributed 2.08 USD as dividends.

The dividends of Aflac are distributed in USD.

All fundamentals and in-depth analysis of Aflac

Our stock analysis for Aflac stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Aflac. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.