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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
Website
CEO
Daniel Amos
Employees
Incorporated
Location
Fiscal year end
SEC CIK
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

Analyst ratings and price targets

Last 3 months
Current price
Average target
$70.50
Low target
$69.00
High target
$72.00
Piper Sandler
Maintains
Overweight
$72.00
6 Apr 22
Morgan Stanley
Maintains
Overweight
$69.00
22 Feb 22

Investment data

Data from SEC filings
2 long holdings
End of quarter 31 Mar 22
Value
 
#Shares
 
$324.07M 3.64M
$141.98M 3.16M
Holdings list only includes long positions. Only includes long positions.

Calendar

29 Apr 22
20 May 22
31 Dec 22
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

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 May 22 Rimer Barbara K Common Stock Grant Acquire A No No 0 2,849 0 33,381
3 May 22 Nobuchika Mori Common Stock Grant Acquire A No No 0 2,849 0 9,525
3 May 22 Rohrer Katherine Common Stock Grant Acquire A No No 0 2,849 0 18,781
3 May 22 Kenny Thomas J Common Stock Grant Acquire A No No 0 2,849 0 19,550
3 May 22 William P Bowers Common Stock Grant Acquire A No No 0 6,734 0 53,117
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%

Financial report summary

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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

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
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