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Ken GriffinReduced
Citadel Advisors · Q2 2026
$38.61M
329.29K shares · 0.0% of portfolio
Aflac Inc
Aflac Inc (AFL) is listed on NYSE and classified in Insurance - Life, part of the Financial Services sector. It is headquartered in Columbus, United States and has 12,716 employees. The company is worth $61.8B and trades at 13.3x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $17.16B in fiscal 2025, down 9.3% from the year before. Net income was $3.65B. The share price is 5.3% below its 52-week high of $130.22. It pays a dividend yielding 1.98%, and has raised its annual dividend for 28 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $157.22M. In that quarter, 3 of them opened or added to the position and 3 reduced it. Over the last 30 days, company insiders sold $43.25M of its stock on the open market and bought none. All of those sales were scheduled in advance under 10b5-1 plans.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Articles on this site that cover Aflac Inc.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +121.6% over 5Y.
today you would have $2,503.02▲ +150.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $110.27 | $103.44 | $82.50 | $71.94 | $58.39 | $44.47 | $52.90 | $45.56 | $43.89 | $34.80 | $29.95 | $30.55 | $33.40 | $26.56 | $21.63 | $28.22 | $23.13 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.4% a year plus a 2.0% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 10.6 across this company’s own years on record.
Cash flow growing 0.4% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 5.5% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| TFCTruist Financial Corp | $48.42 | 12.3x | 1.0x | 4.30% | 8.16% | $59.15B |
| DBDeutsche Bank Aktiengesellschaft | $31.48 | 8.2x | 0.7x | 3.68% | 8.89% | $59.15B |
| AONAon plc | $306.80 | 16.9x | 6.8x | 1.07% | 44.70% | $65.08B |
| ALLAllstate Corp | $259.10 |
| $22.92 |
| $31.32 |
| P/E | 10.6x | 16.2x | 10.7x | 10.6x | 10.4x | 9.3x | 6.7x | 11.9x | 12.1x | 7.6x | 10.8x | 10.2x | 9.4x | 9.9x | 8.7x | 10.5x | 11.5x | 14.5x | 17.5x | 18.9x |
| P/S | 1.4x | 3.3x | 3.0x | 2.5x | 2.3x | 1.8x | 1.4x | 1.7x | 1.6x | 1.6x | 1.2x | 1.2x | 1.2x | 1.3x | 1.0x | 0.9x | 1.3x | 1.2x | 1.3x | 2.0x |
| P/B | 1.9x | 1.9x | 2.2x | 2.2x | 2.2x | 2.2x | 0.9x | 1.3x | 1.5x | 1.4x | 1.4x | 1.4x | 1.5x | 2.1x | 1.6x | 1.6x | 2.5x | 2.6x | 3.2x | 3.5x |
| EPS | $6.82 | $9.63 | $7.78 | $6.93 | $6.25 | $6.67 | $4.43 | $3.77 | $5.77 | $3.21 | $2.93 | $3.25 | $3.38 | $3.06 | $2.06 | $2.46 | $1.60 | $1.31 | $1.66 |
| Dividend yield | 2.22% | 2.10% | 1.93% | 2.04% | 2.22% | 2.26% | 2.52% | 2.04% | 2.28% | 1.98% | 2.39% | 2.64% | 2.46% | 2.13% | 2.52% | 2.84% | 2.02% | 2.42% | 2.09% | 1.28% |
| Payout | 23.17% | 34.02% | 20.77% | 21.59% | 23.09% | 21.12% | 16.79% | 24.38% | 27.59% | 15.08% | 25.86% | 27.01% | 23.08% | 21.01% | 21.93% | 29.85% | 23.17% | 35.11% | 36.64% | 24.17% |
| Profit margin | 13.19% | 21.24% | 28.76% | 24.91% | 23.08% | 19.63% | 21.57% | 14.81% | 13.42% | 21.25% | 11.79% | 12.14% | 12.98% | 13.19% | 11.30% | 8.74% | 11.23% | 8.20% | 7.58% | 10.62% |
| ROE | 17.94% | 12.36% | 20.86% | 21.19% | 21.94% | 24.84% | 14.24% | 11.41% | 12.45% | 18.72% | 12.98% | 14.30% | 16.08% | 21.60% | 17.94% | 14.96% | 22.09% | 17.79% | 18.89% | 18.58% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-17.2% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 5.2x |
| 2.1x |
| 1.67% |
| 46.11% |
| $65.52B |
| METMetlife Inc | $103.57 | 19.8x | 2.4x | 2.29% | 13.09% | $65.82B |
| NDAQNasdaq Inc | $103.30 | 30.1x | 4.8x | 1.12% | 16.52% | $57.74B |
