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, GA, US
Websiteaflac.com
Employee Ratings3.8
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2020)12,003(+3%)
Job Openings75
Revenue (FY, 2020)$22.1 B
Share Price (May 2021)$54.5(+2%)
Cybersecurity ratingBMore

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.
Show more

Aflac Office Locations

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

Aflac Financials and Metrics

Aflac Revenue

Embed Graph
View revenue for all periods
Aflac's revenue was reported to be $22.15 b in FY, 2020 which is a 0.7% decrease from the previous period.
USD

Revenue (Q1, 2021)

5.9b

Gross profit (Q1, 2021)

3.1b

Gross profit margin (Q1, 2021), %

53.4%

Net income (Q1, 2021)

1.3b

EBIT (Q1, 2021)

1.3b

Market capitalization (3-May-2021)

37.1b

Closing stock price (3-May-2021)

54.5

Cash (31-Dec-2020)

5.1b

EV

39.9b
Aflac's current market capitalization is $37.1 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

21.8b22.3b22.1b

Revenue growth, %

3%(1%)

Cost of goods sold

12.0m11.9b11.8b

Gross profit

21.7b10.4b10.4b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

5.5b5.6b5.6b5.7b5.5b5.5b5.2b5.4b5.7b5.9b

Cost of goods sold

3.0b3.0b3.0b3.0b3.0b3.0b2.9b2.9b3.0b2.7b

Gross profit

2.4b2.6b2.6b2.7b2.5b2.5b2.2b2.5b2.7b3.1b

Gross profit Margin, %

44%46%46%48%46%45%43%46%47%53%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

4.3b4.9b5.1b

Accounts Receivable

851.0m828.0m796.0m

PP&E

443.0m581.0m601.0m

Total Assets

140.4b152.8b165.1b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

2.9b3.3b4.8b

Depreciation and Amortization

1.2b1.3b1.2b

Cash From Operating Activities

6.0b5.5b6.0b

Cash From Investing Activities

(3.6b)(3.2b)(4.6b)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

717.0m1.6b2.4b928.0m1.7b2.5b566.0m1.4b3.8b1.3b

Depreciation and Amortization

314.0m617.0m932.0m340.0m649.0m967.0m333.0m622.0m914.0m

Cash From Operating Activities

1.2b2.8b4.7b1.5b2.4b4.3b1.4b2.6b4.6b1.4b

Cash From Investing Activities

(199.0m)(1.4b)(3.2b)(1.3b)(2.7b)(2.9b)(1.7b)(2.1b)(3.5b)(969.0m)
USDQ1, 2018

EV/CFO

28.5 x

Debt/Equity

0.2 x

Financial Leverage

6.1 x

P/E Ratio

48.1
Show all financial metrics

Aflac Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Campuses

555554

Policies Exceeded (Japan)

23 m24 m24 m24 m24 m24

Cancer Policies in Force (Japan)

14 m15 m15 m15 m15 m15

Sales Agencies

9.8 k9 k8.5 k
Show all operating metrics

Aflac Acquisitions / Subsidiaries

Company NameDateDeal Size
Zurich North America’s U.S.November 28, 2020$100 m
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 Global Ventures LLC
Aflac Heartful Services Co.
Aflac Holdings LLC
Show more

Aflac Revenue Breakdown

Embed Graph

Aflac revenue breakdown by business segment: 68.9% from Aflac Japan, 29.4% from Aflac U.S. and 1.7% from Other

Human Capital Metrics

Embed Graph
Show all human capital metrics

Aflac Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Aflac Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Aflac Online and Social Media Presence

Embed Graph

Aflac Company Culture

  • Overall Culture

    A+

    82/100

  • CEO Rating

    A+

    88/100

  • Compensation

    A

    79/100

  • Diversity

    A+

    82/100

Learn more on Comparably

Aflac News and Updates

Coke, Delta, Aflac, and other Georgia companies face boycott threats amid voting restrictions

Companies based in Georgia are being pressured to take a stronger stance against efforts by state Republicans to make it harder to vote. Pressure is building for high-profile companies in Georgia to express firmer opposition to a sweeping new law that will restrict voter access and make it more diff…

Aflac on Ethisphere's World's Most Ethical Companies List for 15th Consecutive Year

COLUMBUS, Ga., Feb. 23, 2021 /PRNewswire/ -- Aflac, a leading provider of supplemental insurance products in the U.S., today announced it has once again been named as one of the World's Most Ethical Companies by Ethisphere, a global leader in defining and advancing the standards of...

Mindtree Helps Aflac Simplify Claims Experience for Customers

WARREN, N.J. and BANGALORE, India, Jan. 20, 2021 /PRNewswire/ -- Mindtree, a leading digital transformation and technology services company, today announced that it has worked with Aflac to develop an enhanced mobile application, called MyAflac Mobile, that enables users to conveniently...

Entertainer and Children's Miracle Network Hospitals® Co-Founder Marie Osmond Helps Celebrate 20th Year of the Aflac Holiday Duck Helping Kids with Cancer

COLUMBUS, Ga., Dec. 11, 2020 /PRNewswire/ -- Commemorating its 20th year of spreading joy while raising funds and awareness to help treat and find a cure for pediatric cancers – and in the Saint Nick of time for giving season – Aflac along with a famous friend and philanthropist are...

Aflac Incorporated Board of Directors Increases Shares Authorized for Repurchase

COLUMBUS, Ga., Aug. 11, 2020 /PRNewswire/ -- Aflac Incorporated announced today that its board of directors has authorized the purchase of up to 100 million shares of its common stock. This authorization is in addition to the 21.9 million shares as of June 30, 2020, that remained under...

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...
Show more

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 12,003 employees.

  • What is Aflac revenue?

    Latest Aflac annual revenue is $22.1 b.

  • What is Aflac revenue per employee?

    Latest Aflac revenue per employee is $1.8 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.