NYSE: AFL
Aflac Incorporated
Financial Services · Insurance - Life
Market Cap
$58.46B
52w High
$119.81
52w Low
$96.95
P/E
12.71
Volume
1.99M
Outstanding Shares
508.99M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 11.06% over the last year. Revenue grew 6.29% over the trailing twelve months. Operating margin moved from 25.61% to 30.97%. Free cash flow grew 19.9% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 30.97%. A decisive move in revenue — currently up 6.29% — would be the clearest signal to resolve the ambiguity.
Company profile
Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products.
Valuation
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 2 shares became 3
Every 4 shares became 5
Every 1 shares became 2
Every 3 shares became 4
Every 2 shares became 3
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
9
Buy
18
Hold
5
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 4, 2026
Q3 FY26 · EPS est $1.79 · Revenue est $4.1B
View
Dividends
$2.38/shareQuarterlyDividend Aristocrat · 41yrSafeAFL pays a dividend with a 2.07% dividend yield, 41 consecutive years of growth, growing at 14.3% annually, covered 2.1× by free cash flow.
Dividend Yield
2.07%
Annual Div / Share
$2.38
5yr CAGR
+14.3%
Doubles every ~5.2yr
Payout Ratio
25.8%
Safe
Dividend Growth Rate
3yr CAGR
+13.22%
5yr CAGR
+14.3%
10yr CAGR
+11.38%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$2/mo
In 5 yrs
$3/mo
In 10 yrs
$5/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$21/yr $2/mo | $37/yr+76% $3/mo | $64/yr+211% $5/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 2.07% → 6.44% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
AFL has raised its dividend for 41 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 2.1× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 14.3% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.