Aflac (AFL)

Aflac Incorporated is a Fortune 500 company, helping provide protection to more than 50 million people through its subsidiaries in Japan and the U.S., where it is a leading supplemental insurer by paying cash fast when policyholders get sick or injured. For more than six decades, insurance policies of Aflac Incorporated's subsidiaries have given policyholders the opportunity to focus on recovery, not financial stress. Aflac Life Insurance Japan is the leading provider of medical and cancer insurance in Japan, where it insures 1 in 4 households. Fortune magazine recognized Aflac as one of the 100 Best Companies to Work for in America for 20 consecutive years. For 14 consecutive years, Aflac has been recognized by Ethisphere as one of the World's Most Ethical Companies. In 2020, Fortune included Aflac Incorporated on its list of World's Most Admired Companies for the 19th time, and Bloomberg added Aflac Incorporated to its Gender-Equality Index, which tracks the financial performance of public companies committed to supporting gender equality through policy development, representation and transparency.

Company profile

Ticker

AFL

Exchange

NYSE

Website

www.aflac.com

CEO

Daniel Amos

Incorporated

Georgia

Location

Georgia

Fiscal year end

Dec 31

Sector

Finance and Insurance > Direct Life Insurance Carriers

Industry (SIC)

Accident & Health Insurance

Principal Financial Group Inc - Registered Shares • Unum • CNO Financial • Partnerre • Triple-s Management ...

SEC CIK

0000004977

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

American Family Life Assurance Company • Aflac Asset Management LLC • Aflac International, Inc. • Aflac Information Technology, Inc. • Simple Technology • Aflac Global Ventures LLC • Aflac Benefits Advisors, Inc. • Communicorp, Inc. • Continental American Insurance Company • Continental American Group ...

IRS number

581167100

AFL stock data

1M 1Y 5Y

News

From Benzinga Pro

BZ Chart Of The Day: Is Aflac About To Rally?

28 Apr 22

Shares of Aflac Incorporated (NYSE: AFL) are oversold and at support, which means they may rally.

Aflac: Q1 Earnings Insights

27 Apr 22

Aflac (NYSE:AFL) reported its Q1 earnings results on Wednesday, April 27, 2022 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Aflac beat estimated earnings by 3.65%, reporting an EPS of $1.42 versus an estimate of $1.37.

Aflac Q1 Adj. EPS $1.42 Beats $1.37 Estimate, Sales $5.30B Beat $5.12B Estimate

27 Apr 22

Aflac (NYSE:AFL) reported quarterly earnings of $1.42 per share which beat the analyst consensus estimate of $1.37 by 3.65 percent. This is a 7.19 percent decrease over earnings of $1.53 per share from the same period

Earnings Scheduled For April 27, 2022

27 Apr 22

12 Financials Stocks Moving In Wednesday's After-Market Session

6 Apr 22

Press releases

From Benzinga Pro

Aflac enhances Group Critical Illness Insurance to include serious mental illnesses and infectious diseases like COVID-19

2 May 22

Flexible benefits cover changing needs of workers in post-pandemic environment COLUMBUS, Ga., May 2, 2022 /PRNewswire/ -- Aflac Incorporated, a leading provider of supplemental insurance products in the U.S., today

Duck Delivery: Young sickle cell disease patients at Children's Regional Hospital at Cooper in Camden, NJ receive award-winning social robot thanks to new collaboration with Aflac

29 Apr 22

My Special Aflac Duck® helps comfort young patients managing their disease CAMDEN, N.J., April 29, 2022 /PRNewswire/ -- Today, several young patients being treated for sickle cell disease at Children's Regional

Aflac Incorporated Announces First Quarter Results, Reports First Quarter Net Earnings of $1.0 Billion, Declares Second Quarter Cash Dividend

27 Apr 22

COLUMBUS, Ga., April 27, 2022 /PRNewswire/ -- Aflac Incorporated (NYSE:AFL) today reported its first quarter results. Total revenues were $5.3 billion in the first quarter of 2022, compared with $5.9 billion in the first

Aflac Named to the Forbes 2022 List of America's Best Employers for Diversity

26 Apr 22

For the first pick, Aflac and Coach Prime select historically Black college and university athletes

25 Apr 22

Analyst ratings and price targets

Last 3 months

Average target

$70.50

Low target

$69.00

High target

$72.00

Investment data

Data from SEC filings

2 long holdings End of quarter 31 Mar 22	Value	#Shares
TRUP Trupanion, Inc	$324.07M	3.64M
SPDR Blackstone / GSO Senior Loan ETF	$141.98M	3.16M

Aflac holdings history Holdings history

Holdings list only includes long positions. Only includes long positions.

Calendar

29 Apr 22

20 May 22

31 Dec 22

Financial summary

Financial statements Chart AFL financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	4.28B	4.28B	4.28B	4.28B	4.28B	4.28B
Cash burn (monthly)	258.67M	59.58M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	429.08M	98.84M	n/a	n/a	n/a	n/a
Cash remaining	3.85B	4.18B	n/a	n/a	n/a	n/a
Runway (months of cash)	14.9	70.1	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Aflac earnings reports.

Recent insider trades

AFL insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
3 May 22	Rimer Barbara K	Common Stock	Grant	Acquire A	No	No	2,849	33,381
3 May 22	Nobuchika Mori	Common Stock	Grant	Acquire A	No	No	2,849	9,525
3 May 22	Rohrer Katherine	Common Stock	Grant	Acquire A	No	No	2,849	18,781
3 May 22	Kenny Thomas J	Common Stock	Grant	Acquire A	No	No	2,849	19,550
3 May 22	William P Bowers	Common Stock	Grant	Acquire A	No	No	6,734	53,117

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

AFL institutional ownership history Ownership history

66.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1141	1120	+1.9%
Opened positions	125	174	-28.2%
Closed positions	104	94	+10.6%
Increased positions	395	344	+14.8%
Reduced positions	399	376	+6.1%

13F shares	Current	Prev Q	Change
Total value	27.34B	25.24B	+8.3%
Total shares	425.06M	432.22M	-1.7%
Total puts	2.47M	2.2M	+12.0%
Total calls	3M	2.29M	+31.3%
Total put/call ratio	0.8	1.0	-14.7%

Largest owners	Shares	Value	Change
Vanguard	54.51M	$3.51B	-1.5%
JPPHY Japan Post	52.3M	$3.37B	0.0%
BLK Blackrock	45.6M	$2.94B	+0.2%
STT State Street	33.03M	$2.13B	-1.5%
WFC Wells Fargo & Co.	16.21M	$1.04B	+5.6%
FMR	14.19M	$913.41M	-10.3%
Geode Capital Management	12.48M	$801.94M	+2.5%
NTRS Northern Trust	7.98M	$513.71M	-1.0%
LSV Asset Management	6.42M	$413.09M	-1.9%
Alliancebernstein	6.12M	$393.96M	+47.6%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0	-4.65M	EXIT
Capital Wealth Planning	2.47M	+2.47M	NEW
American Century Companies	5.9M	-2.44M	-29.2%
Alliancebernstein	6.12M	+1.97M	+47.6%
IVZ Invesco	4.94M	+1.9M	+62.4%
Wellington Management	148.91K	-1.76M	-92.2%
FMR	14.19M	-1.62M	-10.3%
Healthcare Of Ontario Pension Plan Trust Fund	59K	-1.52M	-96.3%
WFC Wells Fargo & Co.	16.21M	+853.79K	+5.6%
Vanguard	54.51M	-815.38K	-1.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Aegon N. V. - New York Shares • CNO Financial

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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Removed: accelerated, accidental, accrued, advent, AGV, aid, Amid, ARP, attending, bear, building, child, command, configuration, consumer, continuity, cover, declaration, defensive, derive, ease, eligibility, emerged, emergency, employee, essential, exclusively, expanded, expansion, expect, expire, expired, explicitly, extrapolate, file, flexible, fourth, governing, grace, grow, implemented, incorporate, indenture, interpretation, investigation, leadership, leave, lifted, live, mail, meeting, office, onset, onsite, Osaka, participate, Paycheck, payout, priority, prompt, protecting, reached, reclassification, redeemable, refined, relief, reopening, replication, repurchasing, request, requested, requesting, Rescue, responded, restraint, resuming, rider, safety, schedule, scheduled, school, scope, semiannual, sharp, shelter, shifted, situation, staggered, standpoint, statewide, sum, tactical, taxation, telemedicine, temporary, travel, traveling, treating, tribal, waiver, warranted, workforce

From filing 10-Q 2022 Q1

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