Aflac Financial Statements From 2010 to 2024

AFL Stock  USD 86.09  0.47  0.55%   
Aflac Incorporated financial statements provide useful quarterly and yearly information to potential Aflac Incorporated investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Aflac Incorporated financial statements helps investors assess Aflac Incorporated's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Aflac Incorporated's valuation are summarized below:
Gross Profit
8.1 B
Profit Margin
0.2491
Market Capitalization
49.3 B
Enterprise Value Revenue
2.8326
Revenue
18.7 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 2024.
Check Aflac Incorporated financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Aflac main balance sheet or income statement drivers, such as Interest Expense of 107.4 M, Total Revenue of 14.3 B or Gross Profit of 14.3 B, as well as many exotic indicators such as Short Term Coverage Ratios of 70.62, Price Earnings Ratio of 15.36 or Price To Sales Ratio of 2.76. Aflac financial statements analysis is a perfect complement when working with Aflac Incorporated Valuation or Volatility modules.
  
This module can also supplement Aflac Incorporated's financial leverage analysis and stock options assessment as well as various Aflac Incorporated Technical models . 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 Assets75.2 B130.9 B122 B
Slightly volatile
Short and Long Term Debt Total7.8 B7.4 B5.6 B
Slightly volatile
Total Stockholder Equity11.1 B22 B19.9 B
Slightly volatile
Net Debt3.2 B3.1 B1.9 B
Slightly volatile
Retained Earnings50.4 B48 B29.5 B
Slightly volatile
Common Stock Shares Outstanding806.5 M598.7 M824.9 M
Slightly volatile
Liabilities And Stockholders Equity75.2 B130.9 B122 B
Slightly volatile
Non Current Liabilities Total112 B106.7 B31.7 B
Slightly volatile
Total Liabilities57.4 B108.9 B85.7 B
Very volatile
Total Current Liabilities2.1 B2.2 B3.4 B
Slightly volatile
Property Plant And Equipment Net505.5 M445 M476.9 M
Slightly volatile
Non Current Assets Total129.7 B123.6 B98.4 B
Pretty Stable
Net Receivables603.9 M848 M750.1 M
Very volatile
Property Plant And Equipment Gross485.5 M691.1 M500.9 M
Slightly volatile
Total Current AssetsB7.3 B66.2 B
Pretty Stable
Short Term Debt49.4 M52 M2.9 B
Pretty Stable
Common Stock Total Equity163 M155.2 M98.1 M
Slightly volatile
Common Stock74.4 M136 M90.9 M
Slightly volatile
Accounts Payable1.4 B1.5 BB
Pretty Stable
Cash2.7 B4.3 B3.6 B
Slightly volatile
Cash And Short Term Investments81.5 B77.6 B72.2 B
Slightly volatile
Short Term Investments1.4 B1.4 B58.6 B
Pretty Stable
Other Liabilities66.4 B105.5 B76.3 B
Slightly volatile
Long Term Debt4.2 B7.2 B5.3 B
Slightly volatile
Property Plant Equipment561.5 M609.5 M515.3 M
Slightly volatile
Net Tangible Assets24.2 B25.7 B22 B
Slightly volatile
Long Term Debt Total6.6 B8.6 B5.9 B
Slightly volatile
Capital Surpluse2.2 BB2.1 B
Slightly volatile
Long Term Investments53.5 B92.2 B45.7 B
Slightly volatile
Non Current Liabilities Other111.8 B114.9 B103.6 B
Slightly volatile
Capital Lease Obligations104.4 M124 M66 M
Slightly volatile
Cash And EquivalentsB4.5 B4.7 B
Pretty Stable
Net Invested Capital37 B29.2 B32.1 B
Slightly volatile
Capital Stock148.7 M136 M136 M
Slightly volatile

Aflac Incorporated Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Interest Expense107.4 M195 M221.8 M
Very volatile
Total Revenue14.3 B18.7 B20 B
Very volatile
Gross Profit14.3 B18.7 B20 B
Very volatile
Operating Income14.1 B13.5 B5.4 B
Slightly volatile
EBITDA37 M39 M3.7 B
Very volatile
Net Income4.9 B4.7 B3.3 B
Slightly volatile
Income Before Tax2.7 B5.3 BB
Slightly volatile
Cost Of Revenue300.4 M316.2 M10.6 B
Slightly volatile
Net Income Applicable To Common Shares2.6 B4.8 B3.2 B
Slightly volatile
Selling General Administrative2.8 B2.7 B1.4 B
Very volatile
Selling And Marketing Expenses174.4 M183.6 M365.9 M
Slightly volatile
Net Income From Continuing Ops3.8 B4.4 B3.4 B
Slightly volatile
Interest Income195.3 M203.4 M253.1 M
Slightly volatile

Aflac Incorporated Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash FlowB3.2 B6.5 B
Slightly volatile
Begin Period Cash Flow2.1 B3.9 B3.5 B
Slightly volatile
Other Cashflows From Financing Activities219.4 M231 M1.3 B
Slightly volatile
Total Cash From Operating Activities5.1 B3.2 B6.5 B
Slightly volatile
Net Income4.9 B4.7 B3.3 B
Slightly volatile
End Period Cash Flow2.2 B4.3 B3.6 B
Slightly volatile
Change To Liabilities88.1 M92.7 M2.9 B
Slightly volatile
Change To Operating Activities565.2 M594.9 M2.4 B
Slightly volatile
Issuance Of Capital Stock10.4 M11 M44.6 M
Slightly volatile
Stock Based Compensation5.1 M5.4 M48.8 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Short Term Coverage Ratios70.6261.346267.7404
Slightly volatile
Price Earnings Ratio15.3610.556810.5626
Very volatile
Price To Sales Ratio2.762.631.5826
Slightly volatile
Dividend Yield0.01260.01960.0215
Slightly volatile
Price Book Value Ratio2.452.23721.6889
Very volatile
Days Of Payables OutstandingK3.1 K3.2 K
Very volatile
Operating Cash Flow Per Share4.135.35087.765
Slightly volatile
Dividend Payout Ratio0.160.20730.2213
Slightly volatile
Price To Operating Cash Flows Ratio16.1915.41836.402
Slightly volatile
Free Cash Flow Per Share4.085.35087.7608
Slightly volatile
Price To Free Cash Flows Ratio16.1915.41836.4037
Slightly volatile
Pretax Profit Margin0.30.28140.2099
Slightly volatile
Ebt Per Ebit0.370.39061.0102
Slightly volatile
Payables Turnover0.07470.120.1247
Very volatile
Operating Profit Margin0.760.72040.2672
Slightly volatile
Company Equity Multiplier9.055.95316.6331
Slightly volatile
Long Term Debt To Capitalization0.130.24840.2007
Pretty Stable
Cash Per Share9.169.638180.803
Slightly volatile
Total Debt To Capitalization0.140.24970.2025
Pretty Stable
Interest Coverage42.7269.092323.3649
Slightly volatile
Return On Capital Employed0.07780.10470.0425
Slightly volatile
Payout Ratio0.160.20730.2213
Slightly volatile
Debt Equity Ratio0.170.33280.2575
Pretty Stable
Ebit Per Revenue0.760.72040.2672
Slightly volatile
Quick Ratio2.832.983732.7769
Very volatile
Dividend Paid And Capex Coverage Ratio3.143.302315.4492
Slightly volatile
Net Income Per E B T0.510.88540.726
Slightly volatile
Cash Ratio1.491.94842.1869
Very volatile
Operating Cash Flow Sales Ratio0.160.17060.3058
Slightly volatile
Days Of Sales Outstanding15.9516.55113.9219
Very volatile
Free Cash Flow Operating Cash Flow Ratio1.070.920.8406
Pretty Stable
Cash Flow Coverage Ratios0.410.4361.4902
Slightly volatile
Price To Book Ratio2.452.23721.6889
Very volatile
Current Ratio3.153.314536.6568
Pretty Stable
Fixed Asset Turnover24.342.024741.4664
Pretty Stable
Price Cash Flow Ratio16.1915.41836.402
Slightly volatile
Enterprise Value Multiple1.4 K1.3 K190
Slightly volatile
Debt Ratio0.05870.05590.0429
Slightly volatile
Cash Flow To Debt Ratio0.410.4361.4902
Slightly volatile
Price Sales Ratio2.762.631.5826
Slightly volatile
Return On Assets0.03740.03560.0261
Slightly volatile
Receivables Turnover20.6822.053126.6993
Very volatile
Asset Turnover0.280.14290.1895
Slightly volatile
Net Profit Margin0.260.24910.1594
Slightly volatile
Gross Profit Margin1.091.131.0028
Slightly volatile
Price Fair Value2.452.23721.6889
Very volatile
Return On Equity0.130.21190.1588
Very volatile

Aflac Fundamental Market Drivers

Forward Price Earnings13.1406
Cash And Short Term Investments77.6 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

There are typically three primary documents that fall into the category of financial statements. These documents include Aflac Incorporated income statement, its balance sheet, and the statement of cash flows. Aflac Incorporated investors use historical funamental indicators, such as Aflac Incorporated's revenue or net income, to determine how well the company is positioned to perform in the future. Although Aflac Incorporated investors may use each financial statement separately, they are all related. The changes in Aflac Incorporated's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Aflac Incorporated's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Aflac Incorporated Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Aflac Incorporated. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Total Revenue18.7 B14.3 B
Cost Of Revenue316.2 M300.4 M
Ebit Per Revenue 0.72  0.76 

Pair Trading with Aflac Incorporated

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aflac Incorporated position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aflac Incorporated will appreciate offsetting losses from the drop in the long position's value.

Moving against Aflac Stock

  0.6CIA CitizensPairCorr
  0.47GL Globe Life Financial Report 1st of May 2024 PairCorr
The ability to find closely correlated positions to Aflac Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aflac Incorporated when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aflac Incorporated - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aflac Incorporated to buy it.
The correlation of Aflac Incorporated is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aflac Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aflac Incorporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aflac Incorporated can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
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.
Note that the Aflac Incorporated information on this page should be used as a complementary analysis to other Aflac Incorporated's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

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When running Aflac Incorporated's price analysis, check to measure Aflac Incorporated's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aflac Incorporated is operating at the current time. Most of Aflac Incorporated's value examination focuses on studying past and present price action to predict the probability of Aflac Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aflac Incorporated's price. Additionally, you may evaluate how the addition of Aflac Incorporated to your portfolios can decrease your overall portfolio volatility.
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Is Aflac Incorporated's industry 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
0.435
Dividend Share
1.68
Earnings Share
7.78
Revenue Per Share
31.368
Quarterly Revenue Growth
(0.04)
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.