Aflac (AFL)
Pays cash benefits through supplemental health and life insurance in Japan and the United States.
Something off on this page? Send us feedback.
Sells supplemental health and life insurance in Japan and the U.S., earning premiums and investment income while paying cash benefits for covered events. Cancer and medical policies anchor the Japan segment, the principal earnings contributor, while the U.S. business reaches individuals and employers mainly through workplaces.
Pays cash benefits that help cover medical and nonmedical costs left by primary insurance, through two segments: Aflac Japan and Aflac U.S. Japan centers on cancer and medical coverage, supplemented by nursing-care and life products; the U.S. sells accident, disability, critical-illness, hospital-indemnity, dental, vision, and life policies.
Pairs product specialization with broad distribution. Japanese policies reach customers through independent and affiliated agencies, including Japan Post, Dai-ichi Life, Daido Life, and banks. U.S. policies are sold mainly at workplaces through independent agents and brokers, alongside a direct-to-consumer channel.
Premiums and investment income fund policyholder benefits. Japan is the principal earnings contributor, making results sensitive to Japanese insurance regulation, partner distribution, interest rates, and yen-dollar translation.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 19, 2026 | Wells Fargo | Reiterate | Rating: —Target: $105 | Target: $122 |
| Aug 19, 2026 | Wolfe Research | Initiate | Rating: — | |
| Aug 10, 2026 | Piper Sandler | Reiterate | Rating: —Target: $130 | Target: $138 |
| Aug 10, 2026 | Mizuho Securities | Target | Target: $112 | Target: $116 |
| Jul 10, 2026 | Jefferies | Reiterate | Rating: —Target: $84 | Target: $108 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $93.65B · Total debt $8.73B · Total assets $115.96B · Shareholders' equity $30.31B
- Revenue
- $4.08B
- Operating income
- $995.0M
- Net income
- $825.0M
HistoryDividendAnnual yield
| Institutions | 69.25% | 347.19M shares | |
|---|---|---|---|
| 1,756 holders · as of Jun 30, 2026 | |||
| Insiders | 0.32% | 1.61M shares | |
| 20 holders · as of Sep 18, 2026 | |||
| Strategic holders | 8.34% | 41.79M shares | |
| 1 holder · as of Jan 11, 2017 | |||
| Other | 22.09% | 110.76M shares | |
| remainder | |||
501.34M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Japan Post Holdings Co., Ltd.Institution | 10.15% | 50.90M | as of Jun 30, 2026 |
Norges Bank (The Central Bank of Norway)Strategic | 8.34% | 41.79M | filed Jan 11, 2017 |
BlackRock, Inc.Institution | 6.96% | 34.92M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 5.96% | 29.90M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.86% | 24.36M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | Japan Post Holdings Co., Ltd. | 10 percent owner | −12,900 | $116.58 |
| Sep 16, 2026 | Masatoshi Koide | officer: Pres. and Rep. Director, ALIJ | −13,201 | $118.01 |
| Sep 16, 2026 | Japan Post Holdings Co., Ltd. | 10 percent owner | −13,800 | $117.49 |
| Sep 15, 2026 | Japan Post Holdings Co., Ltd. | 10 percent owner | −13,600 | $117.34 |
| Sep 14, 2026 | Japan Post Holdings Co., Ltd. | 10 percent owner | −13,600 | $116.74 |
- Unum Group
Top U.S. rival in group disability and worksite voluntary benefits.
- MetLife
Global benefits giant bundling supplemental health into core employer plans.
- Globe Life
U.S. supplemental cancer and life specialist for middle-income households.
- Prudential Financial
Group insurance and Gibraltar Life Japan contest both Aflac markets.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Aflac | $114.42 | −0.66% | $58.62B | 12.4 | 15.6 | 3.2 | −2.4% |
| Unum Group | $93.12 | −0.47% | $14.81B | 21.8 | 10.4 | 1.1 | −13.8% |
| MetLife | $95.33 | −1.36% | $62.18B | 18.5 | 9.0 | 0.8 | +10.0% |
| Globe Life | $169.78 | −1.39% | $13.37B | 11.4 | 10.2 | 2.2 | +8.0% |
| Prudential Financial | $116.61 | −1.62% | $41.13B | 10.7 | 8.3 | 0.6 | +2.8% |
| Median | 15.0 | 9.6 | 1.0 | +5.4% |