Aflac Incorporated

AFL Financial Insurance Life

Aflac Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $17.2 billion, down 9.31% from fiscal 2024.

Revenue
−31.0%
EPS
−80.3%
Free cash flow
−4.39%
Total debt
+2.48%

Quarter to September 2026, against a year earlier

125.97 0.67 +0.53%
Market cap
$63.3B
P/E
18.3×
Fwd P/E
17.4×
Dividend yield
1.91%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Aflac Incorporated (AFL) Free cash flow margin

Alert me on Free cash flow margin

Aflac Incorporated's free cash flow margin over the twelve months to 30 September 2026 was 15.6%, up 0.7 percentage points from fiscal 2025 (14.9%). Over the past ten years it has ranged from 14.3% (fiscal 2024) to 32.5% (fiscal 2015); the current reading is higher than 18% of that period. That is in line with the Insurance Life industry median of 15.4% and above the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 14.9% 0.59
FY2024 14.3% (2.76)
FY2023 17.1% (3.21)
FY2022 20.3% (3.16)
FY2021 23.4% (3.47)
FY2020 26.9% 2.45
FY2019 24.5% (3.19)
FY2018 27.6% (0.64)
FY2017 28.3% 1.74
FY2016 26.5% (5.92)

Against its own ten years

Low 14.3% High 32.5%
Ten-year median 24.5%
Current reading's percentile 18

Free cash flow margin against peers

Company Free cash flow margin
JXN Jackson Financial Inc. compare 89.9%
PRI Primerica, Inc. compare 26.7%
MET MetLife, Inc. compare 19.6%
PRU Prudential Financial, Inc. compare 17.6%
AFL Aflac Incorporated 15.6%
UNM Unum Group compare 13.0%
LNC Lincoln National Corporation compare 3.40%
GL Globe Life Inc. compare 0.00%
PUK Prudential Public Limited Company compare 0.00%
Insurance Life industry median 15.4%
Financial sector median 11.4%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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