10 Year Financial Data of Aflac Inc (AFL)

55.84 (1y: +39%)

Market Cap	25.91 B	P/E(ttm)	8.90
Enterprise Value	30.2 B	P/B	1.60

AFL- NYSE (USA)
Aflac Inc

Currently 5/5

Business Predictability Rank: 5-Star
Back Testing Results:
Average gain of all 5-Star stocks: 12.1% per year.
% of Stocks that are in still loss if held for 10yrs: 3%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies

$55.84

2 Severe Warning Signs 4 Medium Warning Signs 2 Good Signs

Bookmark

Annual Rates (per share)	10 yrs*	5 yrs*	12 months*
Revenue Growth (%)	9.9	11.5	8.5
EBITDA Growth (%)	12.1	21.5	23.9
Free Cash Flow Growth (%)	16.5	32.7	24.2
Book Value Growth (%)	9.9	25.5	13.7

*12-month growth rate is calculated with the per share revenue (EBITDA, FCF, earnings) of the last 12 months over the per share revenue (EBITDA, FCF, earnings) over the previous 12 months. 5-year and 10-year growth rates are calculated with least-square regression based on the 5-year and 10-year numbers.

Trendline:

Export:

Print This Table Print

See this page for the explanation of the data and charts * All numbers are in millions except for per share data

Per Share Data	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Mar12	Jun12	Sep12	Dec12	Mar13

Revenue per Share ($)	21.92	25.72	28.29	29.13	31.16	34.57	38.92	43.82	47.24	54.05	53.97	13.32	12.60	14.58	13.56	13.23
EBITDA per Share	2.39	3.54	4.43	4.55	5.11	4.00	4.76	7.58	6.37	9.17	9.50	2.57	1.58	3.15	1.87	2.90
Free Cashflow per Share	6.45	8.65	8.70	8.72	9.33	10.27	13.13	14.77	23.10	31.86	32.43	7.59	7.87	8.95	7.44	8.17
Earnings per Share ($)	1.52	2.52	2.92	2.95	3.31	2.62	3.19	4.95	4.18	6.11	6.33	1.68	1.03	2.16	1.24	1.90
Dividends Per Share	0.30	0.38	0.44	0.55	0.80	0.96	1.12	1.14	1.23	1.34	1.36	0.33	0.33	0.33	0.35	0.35
Book Value per Share	12.73	14.66	15.61	16.62	17.80	13.87	17.94	23.37	28.77	34.05	33.11	29.12	30.26	34.03	33.97	33.11
Month End Stock Price	36.18	39.84	46.42	46.00	62.63	45.84	46.25	56.43	43.26	53.12	52.02	45.99	42.59	47.88	53.12	52.02
Ratios	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

Return on Equity %	12.00	17.20	18.70	17.80	18.60	18.90	17.80	21.20	14.50	17.90	22.80	23.20	13.60	25.60	14.40	22.80
Return on Assets %	1.60	2.20	2.60	2.50	2.50	1.60	1.80	2.30	1.70	2.20	2.80	2.80	1.60	2.80	1.60	2.80
Return on Capital - Joel Greenblatt %	--	--	--	--	--	--	257	--	181	150	--	205	138	290	122	--
Debt to Equity	0.21	0.19	0.18	0.17	0.17	0.52	0.37	0.28	0.49	0.67	0.28	0.58	0.52	0.55	0.67	0.28

Operating Margin %	10.90	13.80	15.70	15.60	16.40	11.60	12.20	17.30	13.50	17.00	21.90	19.30	12.60	21.60	13.80	21.90
Net Margin %	6.90	9.80	10.30	10.10	10.60	7.60	8.20	11.30	8.90	11.30	14.40	12.60	8.20	14.90	9.10	14.40

Debt to Revenue	0.12	0.11	0.10	0.10	0.10	0.21	0.17	0.15	0.30	0.42	0.69	1.27	1.24	1.29	1.67	0.69
Interest Exp. to Revenue %	-0.19	-0.17	-0.16	-0.13	-0.18	-0.18	-0.39	-0.72	-0.88	-1.03	-1.14	-0.91	-1.05	-0.98	-1.18	-1.14

Asset Turnover	0.23	0.22	0.26	0.24	0.23	0.21	0.22	0.21	0.19	0.19	0.05	0.05	0.05	0.05	0.05	0.05
Buyback Ratio	-4.20	-3.00	-3.40	-2.80	-2.90	-2.60	-1.10	-1.90	-1.30	-1.10	-2.10	-0.60	-1.20	-0.80	-2.20	-2.10
Dividend Payout Ratio	0.20	0.15	0.15	0.19	0.24	0.37	0.35	0.23	0.29	0.22	0.18	0.20	0.32	0.15	0.28	0.18
Income Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Mar12	Jun12	Sep12	Dec12	Mar13

Total Premiums Earned	9,921	11,302	11,990	12,314	12,973	14,947	16,621	18,073	20,362	22,148	21,954	5,378	5,467	5,660	5,643	5,184
Net Investment Income	1,787	1,957	2,071	2,171	2,333	2,578	2,765	3,007	3,280	3,473	3,423	882	845	869	876	833
Fees and Other Income	-261	22.00	302	131	87.00	-971	-1,132	-348	-1,471	-257	-45.00	-20.00	-410	318	-144	191
Revenue	11,447	13,281	14,363	14,616	15,393	16,554	18,254	20,732	22,171	25,364	25,332	6,240	5,902	6,847	6,375	6,208

Selling, General, &Admin. Expense	--	--	--	--	--	1,460	3,545	3,699	3,950	4,159	4,087	999	1,019	1,037	1,105	926
Policyholder Benefits & Claims	15,058	16,964	17,780	18,032	18,570	10,499	11,308	12,106	13,749	15,330	15,205	3,646	3,763	3,932	3,989	3,521
Policy Acquisition Expense	1,446	1,617	1,823	1,911	2,131	--	--	1,030	1,102	1,117	1,112	287	269	281	279	283
Earnings Before DDA	1,247	1,830	2,249	2,283	2,526	1,914	2,235	3,585	2,992	4,302	4,461	1,202	741	1,480	879	1,361


Operating Income	1,247	1,830	2,249	2,283	2,526	1,914	2,235	3,585	2,992	4,302	4,461	1,202	741	1,480	879	1,361
Net Income	795	1,299	1,483	1,483	1,634	1,254	1,497	2,344	1,964	2,866	2,973	785	483	1,017	581	892

Earnings per Share ($)	1.52	2.52	2.92	2.95	3.31	2.62	3.19	4.95	4.18	6.11	6.33	1.68	1.03	2.16	1.24	1.90
Total Shares Outstanding	522	516	508	502	494	479	469	473	469	469	469	469	469	470	470	469
Balance Sheet	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

Fixed Maturity Investment	35,247	39,246	39,009	42,288	47,330	67,495	70,731	85,951	101,020	115,981	104,613	100,708	106,926	121,021	115,981	104,613
Equity Investments	73.00	77.00	84.00	25.00	22.00	27.00	24.00	23.00	25.00	23.00	24.00	25.00	23.00	24.00	23.00	24.00
Short-term investments	--	--	--	--	--	87.00	114	135	168	174	167	161	176	185	174	167
Cash and cash equivalents	1,052	3,813	1,297	1,203	1,563	941	2,323	2,121	2,249	2,041	2,596	2,210	2,130	2,985	2,041	2,596
Accounts Receivable	547	417	584	535	732	920	764	661	680	976	1,710	744	747	1,005	976	1,710
Deferred Policy Acquisition Costs	5,044	5,595	5,590	6,025	6,654	8,237	8,533	9,734	10,654	9,658	9,210	9,542	9,961	10,283	9,658	9,210
Property, Plant and Equipment	518	515	448	458	496	597	593	620	617	564	527	591	603	625	564	527
Total Assets	50,964	59,326	56,361	59,805	65,805	79,331	84,106	101,039	117,102	131,094	120,538	115,552	122,209	137,840	131,094	120,538

Unpaid Loss & Loss Reserve	38,724	41,715	40,357	44,795	48,130	3,118	3,270	3,719	3,981	4,034	3,877	3,885	4,057	4,267	4,034	3,877
Unearned Premiums	516	593	594	645	693	874	926	1,197	1,704	2,158	11,963	1,854	2,068	2,315	2,158	11,963
Future Policy Benefits	35,588	39,360	37,853	40,841	45,675	59,310	61,501	72,103	79,278	76,463	72,077	76,332	80,078	83,065	76,463	72,077
Policyholder Funds	1,021	1,248	1,378	1,564	1,853	2,917	3,548	5,437	9,630	15,294	5,034	10,933	13,210	15,681	15,294	5,034
Current Portion of Long-Term Debt	--	--	--	--	--	--	2,599	--	3,285	4,352	--	3,964	3,672	4,401	4,352	--
Other liabilities	-35,503	-38,062	-36,342	-41,076	-44,145	1,818	1,709	2,329	-1,018	2,680	3,763	-1,815	-1,554	-2,129	2,680	3,763
Long-Term Debt	1,409	1,429	1,395	1,426	1,465	3,454	483	3,038	3,285	6,277	4,283	3,964	3,672	4,401	6,277	4,283
Total Liabilities	44,318	51,753	48,434	51,464	57,010	72,692	75,689	89,983	103,596	115,116	105,003	101,909	108,030	121,855	115,116	105,003

Common Stock	65.00	65.00	65.00	66.00	66.00	66.00	--	66.00	66.00	67.00	67.00	66.00	66.00	66.00	67.00	67.00
Retained Earnings	5,885	6,992	8,048	9,304	10,637	11,306	12,410	14,194	15,583	17,387	18,114	15,779	16,108	16,969	17,387	18,114
Additional Paid-In Capital	417	468	791	895	1,054	1,184	1,228	1,320	1,408	1,505	1,532	1,433	1,453	1,473	1,505	1,532
Treasury Stock	-2,214	-2,561	-2,934	-3,350	-3,896	-5,335	-5,316	-5,386	-5,641	-5,696	-5,829	-5,635	-5,619	-5,610	-5,696	-5,829
Total Equity	6,646	7,573	7,927	8,341	8,795	6,639	8,417	11,056	13,506	15,978	15,535	13,643	14,179	15,985	15,978	15,535
Cashflow Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Mar12	Jun12	Sep12	Dec12	Mar13

Net Income	795	1,299	1,483	1,483	1,634	1,254	1,497	2,344	1,964	2,866	2,973	785	483	1,017	581	892
Cash Flow from Others	2,594	3,187	2,950	2,914	3,022	3,711	4,664	4,645	8,878	12,086	12,255	2,771	3,206	3,189	2,920	2,940
Cash Flow from Operations	3,389	4,486	4,433	4,397	4,656	4,965	6,161	6,989	10,842	14,952	15,228	3,556	3,689	4,206	3,501	3,832

Investment for Property, Plant & Equipement	-21.00	-21.00	-16.00	-23.00	-46.00	-49.00	--	--	--	--	--	--	--	--	--	--
Cash Flow from Acquisitions	--	--	--	--	--	--	-83.00	--	--	--	--	--	--	--	--	--
Cash Flow from Investing	-3,500	-1,418	-6,692	-4,057	-3,654	-4,283	-5,476	-7,432	-10,829	-16,952	-15,601	-4,436	-3,622	-4,441	-4,453	-3,085

Net Issuance of Stock	-310	-353	-388	-428	-559	-1,458	7.00	-76.00	-282	-86.00	-218	-5.00	6.00	5.00	-92.00	-137
Net Issuance of Debt	-20.00	-12.00	91.00	5.00	-5.00	-5.00	1,209	297	158	1,165	417	748	-338	706	49.00	--
Cash Flow for Dividends	-146	-182	-209	-258	-373	-434	-524	-535	-552	-603	-614	-148	-148	-149	-158	-159
Other Financing	178	234	310	247	282	514	7.00	475	740	1,469	1,303	306	304	494	365	140
Cash Flow from Financing	-298	-313	-196	-434	-655	-1,383	699	161	64.00	1,945	888	901	-176	1,056	164	-156

Net Change in Cash	-327	2,761	-2,516	-94.00	360	-622	1,382	-202	128	-208	386	-39.00	-80.00	855	-944	555

Free Cash Flow	3,368	4,465	4,417	4,374	4,610	4,916	6,161	6,989	10,842	14,952	15,228	3,556	3,689	4,206	3,501	3,832
Valuation Ratios (Daily)	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

PE Ratio(ttm)
Price to Tangible Book
Price-to-Free-Cash-Flow ratio
PS Ratio
EV-to-Revenue
EV-to-EBITDA
EV-to-EBIT
Earnings Yield (Joel Greenblatt)
Forward Rate of Return
Shiller PE Ratio
Valuation and Quality	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

Market Cap
Enterprise Value
Month End Stock Price
Net Cash (per share)
Net Current Asset Value (per share)
DCF (per share)
Median PS (per share)
Peter Lynch Fair Value (per share)
Graham Number (per share)
Altman Z-Score
Piotroski F-Score

Switch to Another Stock:

AFL Quarterly/Annuals Reports

AFL: 10-Q - AFLAC INC (0000004977) (Filer): (10-Q) - 2012-08-03
AFL: 10-Q - AFLAC INC (0000004977) (Filer): (10-Q) - 2012-05-04
AFL: 10-Q - AFLAC INC (0000004977) (Filer): (10-Q) - 2011-11-04
AFL: 10-Q - AFLAC INC (0000004977) (Filer): (10-Q) - 2011-08-05
AFL: 10-Q - AFLAC INC (0000004977) (Filer): (10-Q) - 2011-05-06

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names

Home About Jobs Advertise Site Map Term of Use Privacy Policy RSS Email Alerts Affiliate Program FAQ Contact Us
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.

FocusBar

Home

Premium Membership

Value Screens

Model Portfolios

Guru Stocks

Market Valuation

By Country

Articles

Submit Articles

AFL Quarterly/Annuals Reports