Aflac's near-term earnings outlook is significantly clouded by severe quarterly volatility and the outsized influence of foreign currency translation and prior-period reserve adjustments on reported results. While the recent trend shows a stabilization in loss...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue volatility masks underlying performance, as quarterly top-line growth has swung from a 57.9% surge to an 8.8% decline, while the loss ratio has ranged dramatically from 40.1% to 85.8% within six quarters, indicating inconsistent underwriting profitability.
Aflac’s market capitalization sits at approximately $55.19 billion, underscoring its solid position in the financial services sector. The company consistently converts nearly all operational cash flow into free cash flow, enabling substantial shareholder returns through buybacks and debt repayment.
About 70% of Aflac’s revenue comes from Japan, where new annualized premium sales grew 12% year‑over‑year. In the U.S., new sales rose 6%, supported by the introduction of a hybrid long‑term care rider.
Aflac trades at a trailing P/E of 11.82 and a forward P/E of 15.95, below many peers, indicating potential undervaluation. The enterprise value to EBIT ratio further supports this view, while the company’s disciplined capital return strategy adds upside.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 6, 2026 | $1.75-0.6% vs $1.76 | $4.1B-0.6% vs $4.1B |
Q2 2026 Apr 29, 2026 | $1.75-2.2% vs $1.79 | $4.3B+3.4% vs $4.2B |
Q1 2026 Feb 4, 2026 | $1.57-7.1% vs $1.69 | $4.9B+14.5% vs $4.3B |
Q4 2025 Nov 4, 2025 | $2.49+40.7% vs $1.77 | $4.8B+9.8% vs $4.4B |
Bank of America Corp DE acquired a new position in Aflac Incorporated (NYSE: AFL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,085,422 shares of the financial services provider's stock, valued at approximately $244,516,000. Bank of America Corp
These three stocks are seeing some of the most unusual options volume today
Aflac Incorporated (NYSE: AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,300 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $114.32, for a total transaction of $1,520,456.00. Following the completion of the transaction, the insider owned 50,612,190 shares
SPARTANBURG, S.C. & MADRID--(BUSINESS WIRE)-- #WeAreAFL--AFL, an industry-leading manufacturer of fiber optic cables, connectivity, equipment and related services, and Alcyon Photonics, a leader in photonic integrated IP (intellectual property) and design, today announced a strategic collaboration to develop advanced, high-efficiency optical coupling solutions for next-generation fiber-to-PIC coupling supporting multi-core connectivity in AI and hyperscale data center applications.The collaboration combines.
Benchmark AFL against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Aflac Incorporated (AFL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $115.23 | $58.65B | 16.87 | -8.84% | 20.91% | 13.12% | 1.95% | |
| $97.20 | $62.54B | 20.25 | 10.22% | 4.61% | 12.75% | — | |
| $117.59 | $40.8B | 11.51 | -13.74% | 5.93% | 11.2% | — | |
| $94.46 | $14.95B | 22.07 | 2.07% | 5.3% | 6.43% | — | |
| $9.63 | $3.69B | 17.83 | -10.86% | 3.03% | 2.16% | — | |
| $54.02 | $5.04B | 22.99 | 0.94% | 6.02% | 10.82% | — |
Aflac Incorporated (AFL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Aflac Incorporated (AFL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
Jun 30, 2026·SEC
May 28, 2026·SEC
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Aflac Incorporated (AFL) stock FAQ — growth, dividends, profitability & financials explained
Aflac Incorporated (AFL) saw revenue decline by 8.8% over the past year.
Yes, Aflac Incorporated (AFL) is profitable, generating $4.86B in net income for fiscal year 2025 (20.9% net margin).
Yes, Aflac Incorporated (AFL) pays a dividend with a yield of 1.95%. This makes it attractive for income-focused investors.
Aflac Incorporated (AFL) has a return on equity (ROE) of 13.1%. This is reasonable for most industries.
Aflac Incorporated (AFL) has a combined ratio of 73.4%. A ratio below 100% indicates underwriting profitability.
