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Friday 6 November 2026 Export AFL’s income statement to Excel — free account

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

124.57 1.67 −1.32%
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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Aflac Incorporated (AFL) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Aflac Incorporated (AFL) trades at a P/B ratio of 2.1×. Over the past ten years it has ranged from 0.6× (March 2020) to 2.6× (October 2024); the current reading is higher than 87% of that period. That is above the Insurance Life industry median of 1.1× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.0× (10.62%)
FY2024 2.2× (1.28%)
FY2023 2.3× 0.09%
FY2022 2.3× 90.75%
FY2021 1.2× 25.07%
FY2020 0.9× (30.27%)
FY2019 1.4× (9.25%)
FY2018 1.5× 5.50%
FY2017 1.4× 1.05%
FY2016 1.4× (3.78%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.9× (2.71%)
Jun 2026 2.0× 3.80%
Mar 2026 1.9× (5.72%)
Dec 2025 2.0× (3.45%)
43 more quarters

Against its own ten years

Low 0.6× High 2.6×
Ten-year median 1.5×
Current reading's percentile 85

P/B ratio against peers

Company P/B ratio
PUK Prudential Public Limited Company compare n/m
LNC Lincoln National Corporation compare 0.7×
JXN Jackson Financial Inc. compare 1.1×
UNM Unum Group compare 1.1×
PRU Prudential Financial, Inc. compare 1.4×
GL Globe Life Inc. compare 2.0×
AFL Aflac Incorporated 2.1×
MET MetLife, Inc. compare 2.3×
PRI Primerica, Inc. compare 3.1×
Insurance Life industry median 1.1×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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