AFLAC INCAFL

Market cap

$60B

P/E ratio

	Dec 31, 2010	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Premiums Earned, Net	18,073	20,362	22,148	20,135	19,072	17,570	19,225	18,531	18,677	18,780	18,622	17,647	15,263	14,123	13,440
Net investment income	3,007	3,280	3,473	3,293	3,319	3,135	3,278	3,220	3,442	3,578	3,638	3,818	3,656	3,811	4,116
Gain (Loss) on Investments	-	-1,552	-349	399	215	140	-123	-151	-430	-135	-270	468	363	590	1,271
Other Income	74	81	92	112	122	-	-	-	-	-	-	-	-	177	100
Total revenues	20,732	22,171	25,364	23,939	22,728	20,872	22,559	21,667	21,758	22,307	22,147	22,106	19,502	18,701	18,927
Benefits and claims, excluding reserve remeasurement	-	-	-	-	-	-	-	-	-	-	-	-	-	8,594	8,008
Reserve remeasurement (gains) losses	-	-	-	-	-	-	-	-	-	-	-	-	-	383	558
Total benefits and claims, net	12,106	13,749	15,330	13,813	12,937	11,746	12,919	12,181	12,000	11,942	11,796	10,576	9,153	8,211	7,450
Amortization of deferred policy acquisition costs	1,030	1,102	1,117	1,074	1,108	1,066	1,141	1,132	1,245	1,282	1,214	1,170	1,152	816	851
Insurance commissions	1,637	1,725	1,744	1,528	1,436	1,303	1,368	1,316	1,320	1,321	1,316	1,256	1,117	1,052	998
Insurance and other expenses	2,062	2,225	2,415	2,222	2,261	2,214	2,452	2,780	2,988	3,089	3,420	3,544	3,250	3,165	3,014
Interest expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	197
Total acquisition and operating expenses	-	-	-	-	-	-	-	-	-	-	-	6,208	5,745	5,228	5,060
Total benefits and expenses	17,147	19,179	21,062	19,123	18,237	17,010	18,492	17,649	17,775	17,862	17,988	16,784	14,898	13,439	12,510
Earnings before income taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	5,262	6,417
Current	862	891	816	1,236	1,079	1,288	884	631	1,379	806	794	1,095	1,181	1,663	1,330
Deferred	379	137	620	422	461	41	524	-1,217	-316	335	-1,413	-98	-778	-1,060	-356
Income taxes	1,241	1,028	1,436	1,658	1,540	1,329	1,408	-586	1,063	1,141	-619	997	403	603	974
Net earnings	2,344	1,964	2,866	3,158	2,951	2,533	2,659	4,604	2,920	3,304	4,778	4,325	4,201	4,659	5,443
Earnings Per Share, Basic	5	4.21	6.14	6.8	6.54	5.88	6.46	11.63	3.79	4.45	6.69	6.42	6.62	7.81	9.68
Earnings Per Share, Diluted	4.95	4.18	6.11	6.76	6.5	5.85	6.42	11.54	3.77	4.43	6.67	6.39	6.59	7.78	9.63
Cash dividends per share	-	-	-	-	-	-	-	-	-	-	-	1.32	1.6	1.68	2