Company profile

Ticker
AFL
Exchange
Website
CEO
Daniel Paul Amos
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
581167100

AFL stock data

(
)

Calendar

30 Apr 20
11 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 5.16B 5.6B 5.54B 5.51B
Net income 566M 781M 777M 817M
Diluted EPS 0.78 1.06 1.04 1.09
Net profit margin 10.96% 13.94% 14.04% 14.82%
Operating income 1.18B 1.02B 1.16B 1.14B
Net change in cash -748M 680M 1.2B -873M
Cash on hand 4.15B 4.9B 4.22B 3.02B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 22.31B 21.76B 21.67B 22.56B
Net income 3.3B 2.92B 4.6B 2.66B
Diluted EPS 4.43 3.77 5.77 3.21
Net profit margin 14.81% 13.42% 21.25% 11.79%
Operating income 4.46B 4.35B 4.09B 4.12B
Net change in cash 559M 846M -1.37B 509M
Cash on hand 4.9B 4.34B 3.49B 4.86B

Financial data from Aflac earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
26 Jun 20 Howard June P Common Stock Payment of exercise Dispose F No 34.68 537 18.62K 78,631
26 Jun 20 Beaver Steven Kent Common Stock Payment of exercise Dispose F No 34.68 597 20.7K 12,936
26 Jun 20 Broden Max Common Stock Payment of exercise Dispose F No 34.68 431 14.95K 4,021
4 May 20 William P Bowers Common Stock Grant Aquire A No 0 6,014 0 37,609
4 May 20 William P Bowers Director Stock Option Common Stock Grant Aquire A No 35.75 23,701 847.31K 23,701
67.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 948 1091 -13.1%
Opened positions 70 138 -49.3%
Closed positions 213 75 +184.0%
Increased positions 276 332 -16.9%
Reduced positions 455 431 +5.6%
13F shares
Current Prev Q Change
Total value 16.56B 26.6B -37.7%
Total shares 482.81M 502.92M -4.0%
Total puts 2.35M 2.78M -15.6%
Total calls 6.18M 4.82M +28.3%
Total put/call ratio 0.4 0.6 -34.2%
Largest owners
Shares Value Change
Vanguard 66.66M $2.28B +1.3%
BLK BlackRock 56.03M $1.92B +0.0%
JPPHY Japan Post 52.3M $1.79B +10.1%
STT State Street 36.27M $1.24B -5.8%
WFC Wells Fargo & Company 15.47M $529.6M -2.6%
Geode Capital Management 10.76M $367.9M -1.7%
NTRS Northern Trust 9.15M $313.3M -1.6%
Victory Capital Management 7.36M $252M +23.1%
American Century Companies 6.43M $220.1M +38.4%
California Public Employees Retirement System 6.04M $206.72M -2.0%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -6.62M EXIT
Boston Partners 5.78M +4.86M +531.5%
JPPHY Japan Post 52.3M +4.8M +10.1%
FMR 5.12M -3.91M -43.3%
APG Asset Management 5.9M -2.93M -33.2%
Aqr Capital Management 950.24K -2.88M -75.2%
Citadel Advisors 4.28M +2.66M +163.8%
Ninety One UK 211.78K -2.45M -92.0%
STT State Street 36.27M -2.23M -5.8%
American Century Companies 6.43M +1.78M +38.4%

Financial report summary

?
Competition
AegonCNO Financial
Risks
  • Sales of the Company's products and services are dependent on its ability to attract, retain and support a network of qualified sales associates, brokers and employees in the U.S. and sales associates and other distribution partners in Japan.
  • Competition could adversely affect the Company's ability to increase or maintain its market share or profitability.
  • If future policy benefits, claims or expenses exceed those anticipated in establishing premiums and reserves, the Company's financial results would be adversely affected.
  • The success of the Company's business depends in part on effective information technology systems and on continuing to develop and implement improvements in technology.
  • Defaults, downgrades, widening credit spreads or other events impairing the value of the fixed maturity securities and loan receivables in the Company's investment portfolio may reduce the Company's earnings and capital position.
  • The Company is exposed to significant interest rate risk, which may adversely affect its results of operations, financial condition and liquidity.
  • Lack of availability of acceptable yen-denominated investments could adversely affect the Company's results of operations, financial position or liquidity.
  • If the Company fails to comply with restrictions on customer privacy and information security, including taking steps to ensure that its third-party service providers and business associates who access, store, process or transmit sensitive customer information maintain its security, integrity, confidentiality and availability, the Company's reputation and business operations could be materially adversely affected.
  • Interruption in telecommunication, information technology and other operational systems, or a failure to maintain the security, confidentiality, integrity or privacy of sensitive data residing on such systems, could harm the Company's business.
  • Catastrophic events could adversely affect the Company's financial condition and results of operations as well as the availability of the Company’s infrastructure and systems.
  • Events, including those external to the Company's operations, could damage the Company's reputation.
  • Extensive regulation and changes in legislation can impact profitability and growth.
  • Tax rates applicable to the Company may change.
  • A decline in the creditworthiness of other financial institutions could adversely affect the Company.
  • The determination of the amount of impairments taken on the Company's investments is based on significant valuation judgments and could materially impact its results of operations or financial position.
  • U.S. tax audit risk related to conversion of the Japan branch to a subsidiary could adversely impact the Company's financial position.
  • Any decrease in the Company's financial strength or debt ratings may have an adverse effect on its competitive position and access to liquidity and capital.
  • The Company's risk management policies and procedures may prove to be ineffective and leave the Company exposed to unidentified or unanticipated risk, which could adversely affect the Company's businesses or result in losses.
  • The concentration of the Company's investment portfolios in any particular single-issuer or sector of the economy may have an adverse effect on the Company's financial position or results of operations.
  • The valuation of the Company's investments and derivatives includes methodologies, estimations and assumptions which are subject to differing interpretations and could result in changes to investment valuations that may adversely affect the Company's results of operations or financial condition.
  • The Company depends heavily on key management personnel, and the loss of services of one or more of its key executives could harm the Company's business.
  • The Company faces risks related to litigation, regulatory investigations and inquiry and other matters.
  • Allegations or determinations of agent misclassification could adversely affect the Company’s results of operations, financial condition and liquidity.
Management Discussion
  • The Company earns its revenues principally from insurance premiums and investments. The Company’s operating expenses primarily consist of insurance benefits provided and reserves established for anticipated future insurance benefits, general business expenses, commissions and other costs of selling and servicing its products. Profitability for the Company depends principally on its ability to price its insurance products at a level that enables the Company to earn a margin over the costs associated with providing benefits and administering those products. Profitability also depends on, among other items, actuarial and policyholder behavior experience on insurance products, and the Company's ability to attract and retain customer assets, generate and maintain favorable investment results, effectively deploy capital and utilize tax capacity, and manage expenses.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
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