Sector: Financials | Industry: Life & Health Insurance |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1932 Wynnton Rd COLUMBUS GA 31999-0001 |
Tel: | N/A |
Website: | https://www.aflac.com |
IR: | See website |
Key People | ||
Daniel P. Amos Chairman of the Board, Chief Executive Officer | Robin L. Blackmon Senior Vice President - Financial Services, Chief Accounting Officer | Max K. Broden Chief Financial Officer, Executive Vice President |
Masatoshi Koide President and Representative Director, Aflac Japan | Charles Ditmars Lake President - Aflac International | Virgil R. Miller President - Aflac U.S. |
Bradley E. Dyslin Executive Vice President, Global Chief Investment Officer | Audrey Boone Tillman Executive Vice President, General Counsel | Steven K. Beaver Executive Vice President, Chief Financial Officer, Aflac Japan | Frederick J. Crawford Executive Vice President |
Business Overview |
Aflac Incorporated is a provider of supplemental health insurance products. The Company's insurance business is marketed and administered through Aflac Life Insurance Japan Ltd. (ALIJ) in Japan and through American Family Life Assurance Company of Columbus (Aflac), American Family Life Assurance Company of New York (Aflac New York), Continental American Insurance Company (CAIC), Tier One Insurance Company (TOIC) and Aflac Benefit Solutions, Inc. (ABS) in the United States. Its segments include Aflac Japan and Aflac U.S. Aflac Japan is designed to help consumers pay for medical and non-medical costs that are not reimbursed under Japan's national health insurance system. Its insurance products include cancer, medical and income support insurance, nursing care insurance, work leave insurance, whole life, GIFT and WAYS and child endowment. It designs its United States insurance products to provide supplemental coverage for people having medical or primary insurance coverage. |
Financial Overview |
For the fiscal year ended 31 December 2023, Aflac Inc revenues decreased 2% to $18.7B. Net income increased 5% to $4.66B. Revenues reflect Aflac Japan segment decrease of 10% to $10.66B, Japan segment decrease of 10% to $10.66B. Net income reflects Aflac U.S. segment income increase of 10% to $1.5B, United States segment income increase of 10% to $1.5B, Operating Expense Ratio-Japan decrease of 8% to 19.8%. |
Employees: | 12,785 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $49,537M as of Dec 31, 2023 |
Annual revenue (TTM): | $18,700M as of Dec 31, 2023 |
EBITDA (TTM): | $7,089M as of Dec 31, 2023 |
Net annual income (TTM): | $4,659M as of Dec 31, 2023 |
Free cash flow (TTM): | $2,224M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $2,940M as of Dec 31, 2023 |
Shares outstanding: | 575,408,110 as of Feb 27, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |