AFLAFLAC INC
Accident & Health Insurance
- Revenue
- $17.2B
- 9.3% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $62.2B
- Employees
- 1,000
- $17M revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 0.4
- mentions per 10K words
Takeover score 4 of 13
Fixable underperformance 2 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashYes70% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowYes185% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo0% of assetsOver 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$17M · 96th pctBottom quartile of its SIC industry
- Quiet on AIYes0.4 per 10K words · 20th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$62.2B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$264M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $21.6B | $19.1B | $18.7B | $18.9B | $17.2B | 9.3% |
| Operating income | $4.9B | $4.2B | — | — | — | |
| Net income | $4.2B | $4.4B | $4.7B | $5.4B | $3.6B | 33% |
| Operating cash flow | $5.1B | $3.9B | $3.2B | $2.7B | $2.6B | 5.6% |
| Buybacks | $2.3B | $2.4B | $2.8B | $2.8B | $3.5B | 26% |
| Dividends | $855M | $979M | $966M | $1.1B | $1.2B | 10% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $264M · 233
- Net
- −$264M
Pay vs performance
No pay-versus-performance disclosure yet.