Aflac

OverviewSuggest Edit

Aflac (American Family Life Assurance Company) is a financial services company that offers supplemental and renewable insurance solutions. It provides a range of insurance products to individuals and families, employers, brokers, and agents. Its product portfolio includes accident, cancer, critical illness, life, hospital, short-term disability, dental, and vision insurance policies. The company also offers services to employers, including cafeteria plans, policyholder change plans, COBRA administration, commuter spending accounts, HSA and HRA incentives, and enrollment solutions.

TypePublic
Founded1955
HQColumbus, USMap
Websiteaflac.com
Employee Ratings3.7More
View Jobs (7)

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Latest Updates

Employees (est.) (Dec 2019)11,729(+3%)
Job Openings7
Revenue (FY, 2019)$22.3 B(+3%)
Share Price (Aug 2020)$35.5 (+2%)
Cybersecurity ratingAMore

Key People/Management at Aflac

Daniel P. Amos

Daniel P. Amos

Chairman and Chief Executive Officer; Aflac Incorporated
Frederick J. Crawford

Frederick J. Crawford

President; Chief Operating Officer, Aflac Incorporated
Max K. Brodén

Max K. Brodén

Executive Vice President; Chief Financial Officer
Masatoshi Koide

Masatoshi Koide

President and Representative Director, Aflac Life Insurance Japan
Charles D. Lake

Charles D. Lake

President, Aflac International; Chairman and Representative Director, Aflac Life Insurance Japan
Teresa L. White

Teresa L. White

President, Aflac U.S.
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Aflac Office Locations

Aflac has offices in Columbus and Columbia
Columbus, US (HQ)
1932 Wynnton Rd
Columbia, US
1600 Williams St
Show all (2)

Aflac Financials and Metrics

Aflac Revenue

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Aflac's revenue was reported to be $22.31 b in FY, 2019 which is a 2.5% increase from the previous period.
USD

Revenue (Q2, 2020)

5.4b

Gross profit (Q2, 2020)

2.5b

Gross profit margin (Q2, 2020), %

46.4%

Net income (Q2, 2020)

805.0m

Market capitalization (5-Aug-2020)

25.3b

Closing stock price (5-Aug-2020)

35.5

Cash (30-Jun-2020)

5.5b

EV

27.6b
Aflac's current market capitalization is $25.3 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

22.6b21.7b21.8b22.3b

Revenue growth, %

8%(4%)0%3%

Cost of goods sold

12.9b12.2b12.0m11.9b

Gross profit

9.6b9.5b21.7b10.4b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

5.3b5.4b5.5b5.5b5.6b5.6b5.7b5.5b5.5b5.2b5.4b

Cost of goods sold

3.1b3.0b3.1b3.0b3.0b3.0b3.0b3.0b3.0b2.9b2.9b

Gross profit

2.3b2.4b2.4b2.4b2.6b2.6b2.7b2.5b2.5b2.2b2.5b

Gross profit Margin, %

43%44%44%44%46%46%48%46%45%43%46%
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

2.7b4.6b2.9b3.3b

Depreciation and Amortization

1.1b1.2b1.3b

Cash From Operating Activities

6.0b6.1b6.0b5.5b

Cash From Investing Activities

(3.9b)(5.4b)(3.6b)(3.2b)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

592.0m1.3b2.0b717.0m1.6b2.4b928.0m1.7b2.5b566.0m1.4b

Depreciation and Amortization

314.0m617.0m932.0m340.0m649.0m967.0m

Cash From Operating Activities

1.8b3.2b4.6b1.2b2.8b4.7b1.5b2.4b4.3b1.4b2.6b

Cash From Investing Activities

(1.5b)(2.5b)(2.9b)(199.0m)(1.4b)(3.2b)(1.3b)(2.7b)(2.9b)(1.7b)(2.1b)
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USDFY, 2016

Revenue/Employee

2.2m

Debt/Equity

0.3 x

Financial Leverage

6.3 x
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Aflac Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Campuses

5 5 5 5 5

Policies Exceeded (Japan)

23 m24 m24 m24 m24 m

Cancer Policies in Force (Japan)

14 m15 m15 m15 m15 m
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Aflac Acquisitions / Subsidiaries

Company NameDateDeal Size
Argus Dental & Vision IncJuly 12, 2019
Continental American Insurance CompanyJuly 29, 2009$100 m
Aflac Asset Management Japan Ltd.
Aflac Asset Management LLC
Aflac Benefits Advisors
Aflac Corporate Ventures LLC
Aflac Heartful Services Co.
Aflac Holdings LLC
Aflac Information Technology
Aflac Insurance Services Co.
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Aflac Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

Learn more about about our premium products
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Aflac Revenue Breakdown

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Aflac revenue breakdown by business segment: 68.8% from Aflac Japan, 29.4% from Aflac U.S. and 1.8% from Other

Human Capital Metrics

Source: fortune.com, fortune.com
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Aflac Online and Social Media Presence

Aflac's Trends

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Aflac News and Updates

July 18, 2020

Statement from Aflac Chairman and CEO Daniel P. Amos on the Passing of Civil Rights Icon John Lewis

COLUMBUS, Ga., July 18, 2020 /PRNewswire/ -- "As our country continues its long journey toward racial equality for all, the entire Aflac family mourns the loss of Congressman John Lewis — a true giant, unabashed pioneer of the civil rights movement, and constant stalwart for driving...
June 29, 2020

Aflac Lands Top-20 Spot on IDG Insider Pro and Computerworld's 100 Best Places to Work in IT List

Aflac is one of 100 top organizations that challenge their IT staffs while providing great benefits and compensation. The insurer has been named to the coveted list for the 20th time.read more
June 25, 2020

EXL Named as Aflac Outstanding Partner of the Year for 2019

NEW YORK, June 25, 2020 (GLOBE NEWSWIRE) -- EXL (NASDAQ: EXLS], a leading operations management and analytics company, today announced it had been named as Outstanding Partner of the Year for 2019. EXL won in the Service category for improving Aflac’s ability to provide quick resolution to its end…
May 26, 2020

Aflac Incorporated Donates $1 Million to Crisis Text Line to Assist Frontline Workers in U.S. Experiencing Emotional Distress Donation to Assist Crisis Text Line's Recently Enacted Campaign, For the Frontlines, Serving Front Line Workers Battling the COVI

COLUMBUS, Ga. , May 26, 2020 / / -- Aflac Incorporated, a leader in supplemental insurance at U.S. worksites, today announced a $1 million donation to Crisis Text Line .read more
March 13, 2020

Aflac Amends Employee Benefits to Address COVID-19 Concerns

COLUMBUS, Ga., March 13, 2020 /PRNewswire/ -- In a message to all Aflac U.S. employees today, Aflac executives announced new measures designed to provide additional safety and security for the more than 5,700 Aflac employees across the United States. These measures are in place through...
March 05, 2020

Aflac says its bet on in-housing has helped it save $16 million over three years and drove efficiencies even as some in-house shops hit a wall

Some branded in-house shops may be hitting a wall, but Aflac said it's saved $16 million over three years using its 30-person in-house team, Aflac Studios. That's because as the team has grown, it has instituted new project management tools to handle the work.  Aflac also said its in-house agency …
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 Aflac Frequently Asked Questions

  • When was Aflac founded?

    Aflac was founded in 1955.

  • Who are Aflac key executives?

    Aflac's key executives are Daniel P. Amos, Frederick J. Crawford and Max K. Brodén.

  • How many employees does Aflac have?

    Aflac has 11,729 employees.

  • What is Aflac revenue?

    Latest Aflac annual revenue is $22.3 b.

  • What is Aflac revenue per employee?

    Latest Aflac revenue per employee is $1.9 m.

  • Who are Aflac competitors?

    Competitors of Aflac include Old Mutual, Manulife and Prudential.

  • Where is Aflac headquarters?

    Aflac headquarters is located at 1932 Wynnton Rd, Columbus.

  • Where are Aflac offices?

    Aflac has offices in Columbus and Columbia.

  • How many offices does Aflac have?

    Aflac has 2 offices.