Aflac Incorporated
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||||||||||||||||||||
| 15.7 | 12.3 | 24.9 | 22.8 | 28.6 | 19.2 | 19.4 | 23.8 | 15.8 | 15.9 | 15.6 | 18.9 | 17.5 | 14.5 | 11.4 | 10.3 | 8.7 | 9.9 | 9.4 | 10.2 | 10.8 | 8.0 | 12.1 | 12.0 | 6.7 | 9.1 | 10.4 | 10.6 | 10.7 | 16.1 | |
| 0.9 | 1.0 | 1.7 | 1.5 | 2.0 | 1.4 | 1.6 | 1.7 | 1.5 | 1.6 | 1.6 | 2.0 | 1.3 | 1.2 | 1.3 | 0.9 | 1.0 | 1.3 | 1.2 | 1.2 | 1.3 | 1.6 | 1.6 | 1.8 | 1.4 | 1.8 | 2.4 | 2.6 | 3.1 | 3.4 | |
| 2.9 | 2.1 | 3.2 | 3.4 | 4.2 | 2.4 | 2.5 | 2.8 | 2.7 | 3.0 | 2.8 | 3.5 | 3.3 | 2.6 | 2.4 | 1.5 | 1.6 | 2.1 | 1.5 | 1.5 | 1.4 | 1.4 | 1.5 | 1.4 | 0.2 | 1.2 | 2.3 | 2.2 | 2.2 | 2.0 | |
| 0.8 | 1.0 | – | – | 2.1 | 1.4 | 1.5 | 1.7 | 1.3 | 1.6 | 1.6 | 2.0 | 1.3 | 1.2 | 1.3 | 0.9 | 1.2 | 1.4 | 1.2 | 1.5 | 1.5 | 1.9 | 2.0 | 1.8 | 1.6 | 2.3 | 2.6 | 2.8 | 3.1 | 3.5 | |
| 8.9 | 7.9 | – | – | 19.4 | 12.2 | 12.4 | 15.4 | 9.8 | 10.4 | 10.1 | 12.2 | 11.2 | 9.3 | 7.4 | 6.6 | 6.9 | 6.6 | 5.9 | 7.6 | 8.0 | 9.9 | 10.1 | 9.2 | 6.5 | 7.7 | 10.1 | 10.0 | 9.3 | 11.0 | |
| 2.3 | 2.8 | 4.9 | 4.7 | 6.1 | 4.7 | 5.3 | 5.6 | 4.6 | 5.3 | 5.3 | 6.6 | 4.4 | 3.5 | 3.8 | 1.9 | 1.7 | 3.0 | 4.2 | 3.8 | 4.8 | 5.7 | 5.9 | 7.2 | 5.3 | 7.8 | 11.8 | 15.5 | 21.6 | 23.0 | |
| 43.3% | 36.0% | 20.3% | 21.5% | 16.4% | 21.2% | 18.9% | 17.8% | 21.7% | 18.7% | 18.9% | 15.1% | 22.6% | 28.4% | 26.2% | 53.3% | 60.0% | 33.8% | 23.6% | 26.1% | 20.8% | 17.5% | 17.0% | 13.8% | 18.7% | 12.8% | 8.5% | 6.5% | 4.6% | 4.4% | |
| Margins | ||||||||||||||||||||||||||||||
| 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 99.5% | 99.5% | 99.6% | 99.2% | 99.3% | 100.0% | 100.0% | 100.0% | 99.6% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 35.6% | 38.9% | |
| 9.4% | 12.1% | 7.8% | 9.2% | 10.6% | 11.5% | 12.5% | 10.9% | 13.8% | 15.7% | 15.6% | 16.4% | 11.6% | 12.6% | 18.0% | 14.4% | 18.0% | 21.3% | 21.2% | 19.9% | 19.2% | 19.7% | 19.3% | 19.9% | 18.8% | 24.1% | 25.4% | 27.9% | 33.5% | 26.6% | |
| 5.6% | 8.1% | 6.9% | 6.6% | 7.1% | 7.2% | 8.0% | 6.9% | 9.8% | 10.3% | 10.1% | 10.6% | 7.6% | 8.2% | 11.3% | 8.9% | 11.3% | 13.2% | 13.0% | 12.1% | 11.8% | 20.2% | 13.4% | 14.8% | 21.6% | 19.6% | 23.1% | 24.7% | 28.5% | 20.9% | |
| 37.8% | 35.7% | 34.6% | 32.3% | 33.1% | 29.2% | 29.4% | 29.4% | 33.6% | 30.8% | 29.9% | 30.2% | 30.0% | 33.8% | 33.7% | 48.9% | 58.9% | 44.1% | 28.8% | 32.5% | 26.5% | 28.3% | 27.6% | 24.5% | 26.9% | 22.8% | 20.3% | 16.9% | 14.2% | 14.7% | |
| Returns | ||||||||||||||||||||||||||||||
| 18.6% | 17.1% | 12.9% | 14.8% | 14.6% | 12.7% | 12.8% | 12.0% | 17.2% | 18.7% | 17.8% | 18.6% | 18.9% | 17.8% | 21.2% | 14.5% | 17.9% | 21.6% | 15.8% | 14.6% | 13.0% | 17.9% | 12.4% | 11.4% | 3.0% | 13.0% | 21.9% | 21.2% | 20.9% | 12.4% | |
| 1.6% | 2.0% | 1.6% | 1.5% | 1.8% | 1.8% | 1.8% | 1.6% | 2.2% | 2.6% | 2.5% | 2.5% | 1.6% | 1.8% | 2.3% | 1.7% | 2.2% | 2.6% | 2.5% | 2.1% | 2.0% | 3.2% | 2.1% | 2.2% | 2.9% | 2.7% | 3.4% | 3.7% | 4.6% | 3.1% | |
| Balance Sheet & Debt | ||||||||||||||||||||||||||||||
| -244 | -229 | – | – | 347 | 148 | -81 | 346 | -2,679 | -247 | -33 | -101 | 327 | -155 | 917 | 691 | 6,660 | 2,354 | 496 | 5,632 | 5,840 | 7,065 | 7,206 | 1,565 | 2,814 | 10,744 | 3,554 | 2,986 | 1,297 | 2,164 | |
| -0.4 | -0.3 | – | – | 0.3 | 0.1 | -0.1 | 0.3 | -1.5 | -0.1 | 0.0 | 0.0 | 0.2 | -0.1 | 0.2 | 0.2 | 1.5 | 0.5 | 0.1 | 1.4 | 1.3 | 1.7 | 1.7 | 0.4 | 0.5 | 1.7 | 0.7 | 0.6 | 0.2 | 0.4 | |
| 8.5% | 11.6% | 12.1% | 10.4% | 12.6% | 14.3% | 14.2% | 13.0% | 12.8% | 14.1% | 13.9% | 13.4% | 8.4% | 10.0% | 10.9% | 11.6% | 12.2% | 12.1% | 15.6% | 14.7% | 15.8% | 17.8% | 16.7% | 19.0% | 95.2% | 21.1% | 15.3% | 17.3% | 22.2% | 25.3% | |
| 0.0 | 0.0 | – | – | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.5 | 0.3 | 0.3 | 0.6 | 0.5 | 0.4 | 0.5 | 0.2 | 0.1 | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 | |
| Per Share | ||||||||||||||||||||||||||||||
| 0.34 | 0.52 | 0.44 | 0.52 | 0.63 | 0.64 | 0.78 | 0.76 | 1.26 | 1.46 | 1.48 | 1.65 | 1.31 | 1.60 | 2.48 | 2.09 | 3.05 | 3.38 | 3.25 | 2.92 | 3.21 | 5.48 | 3.77 | 4.43 | 6.67 | 6.39 | 6.93 | 7.78 | 9.63 | 6.85 | |
| 6.13 | 6.45 | 6.44 | 7.84 | 8.92 | 8.93 | 9.71 | 10.96 | 12.86 | 14.15 | 14.56 | 15.58 | 17.29 | 19.46 | 21.91 | 23.62 | 27.02 | 25.61 | 25.03 | 24.09 | 27.25 | 27.16 | 28.09 | 29.88 | 30.92 | 32.67 | 30.03 | 31.47 | 33.85 | 32.78 | |
| 1.83 | 3.05 | 3.42 | 3.51 | 4.31 | 5.05 | 6.05 | 6.36 | 7.33 | 7.81 | 8.31 | 8.90 | 6.93 | 8.97 | 11.69 | 14.39 | 17.02 | 15.64 | 20.61 | 20.06 | 24.74 | 30.54 | 30.29 | 38.80 | 219.48 | 49.14 | 31.58 | 36.72 | 46.19 | 55.43 | |
| 2.32 | 2.30 | 2.23 | 2.54 | 2.95 | 2.61 | 2.85 | 3.23 | 4.32 | 4.35 | 4.36 | 4.71 | 5.18 | 6.57 | 7.39 | 11.55 | 15.93 | 11.28 | 7.21 | 7.82 | 7.23 | 7.68 | 7.76 | 7.31 | 8.32 | 7.46 | 6.08 | 5.33 | 4.79 | 4.80 | |
Data as of: September 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.