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
Industry (SIC)
SEC CIK
Corporate docs
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
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
4 May 23
S-3ASR
Automatic shelf registration
1 May 23
10-Q
2023 Q1
Quarterly report
1 May 23
8-K
Declares Second Quarter Cash Dividend
26 Apr 23
ARS
2022 FY
Annual report to shareholders
16 Mar 23
DEFA14A
Additional proxy soliciting materials
16 Mar 23
DEF 14A
Definitive proxy
16 Mar 23
8-K
Regulation FD Disclosure
27 Feb 23
10-K
2022 FY
Annual report
23 Feb 23
8-K
Departure of Directors or Certain Officers
10 Feb 23
Transcripts
AFL
Earnings call transcript
2023 Q1
27 Apr 23
AFL
Earnings call transcript
2022 Q4
2 Feb 23
AFL
Earnings call transcript
2022 Q3
1 Nov 22
AFL
Earnings call transcript
2022 Q2
2 Aug 22
AFL
Earnings call transcript
2022 Q1
28 Apr 22
AFL
Earnings call transcript
2021 Q4
3 Feb 22
AFL
Earnings call transcript
2021 Q3
28 Oct 21
AFL
Earnings call transcript
2021 Q2
29 Jul 21
AFL
Earnings call transcript
2021 Q1
29 Apr 21
AFL
Earnings call transcript
2020 Q4
4 Feb 21
Latest ownership filings
4
JOSEPH L MOSKOWITZ
23 May 23
144
Notice of proposed sale of securities
19 May 23
4
STEVEN KENT BEAVER
15 May 23
144
Notice of proposed sale of securities
12 May 23
4
JUNE P HOWARD
12 May 23
144
Notice of proposed sale of securities
10 May 23
144
Notice of proposed sale of securities
5 May 23
4
Nobuchika Mori
4 May 23
4
Frederick John Crawford
4 May 23
4
Miwako Hosoda
3 May 23
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
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| 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) | 3.81 bn | 3.81 bn | 3.81 bn | 3.81 bn | 3.81 bn | 3.81 bn |
| Cash burn (monthly) | 44.67 mm | 38.83 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 92.40 mm | 80.33 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 3.72 bn | 3.73 bn | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 83.2 | 96.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
66.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 1211 |
| Opened positions | 95 |
| Closed positions | 153 |
| Increased positions | 407 |
| Reduced positions | 467 |
| 13F shares | Current |
|---|---|
| Total value | 25.65 tn |
| Total shares | 402.09 mm |
| Total puts | 2.75 mm |
| Total calls | 3.67 mm |
| Total put/call ratio | 0.8 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 54.53 mm | $3.52 tn |
| JPPHY Japan Post | 52.30 mm | $3.37 tn |
| BLK Blackrock | 42.51 mm | $2.74 tn |
| STT State Street | 27.28 mm | $1.76 tn |
| WFC Wells Fargo & Co. | 16.31 mm | $1.05 tn |
| Geode Capital Management | 11.89 mm | $765.30 bn |
| MS Morgan Stanley | 8.51 mm | $549.32 bn |
| NTRS Northern Trust | 7.30 mm | $471.28 bn |
| First Trust Advisors | 6.51 mm | $420.16 bn |
| Envestnet Asset Management | 5.60 mm | $93.66 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 19 May 23 | Moskowitz Joseph L | Common Stock | Sell | Dispose S | No | No | 67.266 | 13,471 | 906.14 k | 27,570 |
| 19 May 23 | Moskowitz Joseph L | Common Stock | Option exercise | Acquire M | No | No | 34.565 | 19,426 | 671.46 k | 41,041 |
| 19 May 23 | Moskowitz Joseph L | Director Stock Option Common Stock | Option exercise | Dispose M | No | No | 34.565 | 19,426 | 671.46 k | 0 |
| 12 May 23 | Beaver Steven Kent | Common Stock | Sell | Dispose S | No | No | 66.335 | 5,334 | 353.83 k | 20,793 |
| 12 May 23 | Beaver Steven Kent | Common Stock | Sell | Dispose S | No | No | 66.2724 | 3,254 | 215.65 k | 26,127 |
| 12 May 23 | Beaver Steven Kent | Common Stock | Option exercise | Acquire M | No | No | 30.725 | 8,588 | 263.87 k | 29,381 |
| 12 May 23 | Beaver Steven Kent | Common Stock | Sell | Dispose S | No | No | 66.3562 | 1,326 | 87.99 k | 20,793 |
| 12 May 23 | Beaver Steven Kent | Common Stock | Sell | Dispose S | No | No | 66.3701 | 3,204 | 212.65 k | 22,119 |
| 12 May 23 | Beaver Steven Kent | Common Stock | Option exercise | Acquire M | No | No | 31.205 | 4,530 | 141.36 k | 25,323 |
| 12 May 23 | Beaver Steven Kent | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 30.725 | 8,588 | 263.87 k | 0 |
News
Death Cross Looms Over Aflac Investors
9 May 23
Morgan Stanley Maintains Overweight on Aflac, Lowers Price Target to $70
27 Apr 23
Aflac Q1 Adj. EPS $1.55 Beats $1.40 Estimate, Sales $4.80B Beat $4.61B Estimate
26 Apr 23
Earnings Scheduled For April 26, 2023
26 Apr 23
Earnings Preview For Aflac
25 Apr 23
Press releases
Aflac Incorporated Announces First Quarter Results, Reports First Quarter Net Earnings of $1.2 Billion, Declares Second Quarter Cash Dividend
26 Apr 23
Daniel P. Amos Honored as a 2023 Georgia Trustee
25 Apr 23
Aflac Incorporated to Release First Quarter Results and CFO Video Update on April 26, 2023 and Host Webcast on April 27, 2023
5 Apr 23
Aflac adds Beneficiary Companion® services to its group Premier Life Absence Disability Solutions portfolio
30 Mar 23
Aflac Foundation donates $1.5 million to help support emotional needs of patients and families at Aflac Cancer and Blood Disorders Center of Children's Healthcare of Atlanta
22 Mar 23