Aflac (NYSE:AFL) Book Value per Share

: $36.35 (As of Dec. 2022)

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Aflac's book value per share for the quarter that ended in Dec. 2022 was $36.35.

During the past 12 months, Aflac's average Book Value Per Share Growth Rate was -28.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -3.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 7.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 12.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Aflac was 30.00% per year. The lowest was -3.70% per year. And the median was 15.00% per year.

Aflac's current price is $63.11. Its book value per share for the quarter that ended in Dec. 2022 was $36.35. Hence, today's PB Ratio of Aflac is 1.74.

During the past 13 years, the highest P/B Ratio of Aflac was 2.14. The lowest was 0.73. And the median was 1.43.

Aflac Book Value per Share Historical Data

The historical data trend for Aflac's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Aflac Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Book Value per Share

31.06

39.85

48.46

50.99

36.35

Aflac Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Book Value per Share																50.99	45.75	41.59	38.71	36.35

Competitive Comparison

For the Insurance - Life subindustry, Aflac's Book Value per Share, along with its competitors' market caps and Book Value per Share data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

Aflac Book Value per Share Distribution

For the Insurance industry and Financial Services sector, Aflac's Book Value per Share distribution charts can be found below:

* The bar in red indicates where Aflac's Book Value per Share falls in comparison to its industry or sector. The grey bar indicates the Book Value per Share's extreme value range as defined by GuruFocus.

Aflac Book Value per Share Calculation

Aflac's Book Value Per Share for the fiscal year that ended in Dec. 2022 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(22,365	-	0)	/	615
	=	36.35

Aflac's Book Value Per Share for the quarter that ended in Dec. 2022 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(22,365	-	0)	/	615
	=	36.35

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Aflac (NYSE:AFL) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Aflac Book Value per Share Related Terms

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Aflac (NYSE:AFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aflac Inc (NYSE:AFL) » Definitions » Book Value per Share

Comparable Companies

Traded in Other Exchanges

AFL:Germany

Address

1932 Wynnton Road, Columbus, GA, USA, 31999

Website

https://www.aflac.com

Aflac Inc offers supplemental health insurance and life insurance in the two largest insurance markets in the world, the U.S. and Japan. In addition to its cancer policies, the company has broadened its product offerings to include accidents, disability, and long-term-care insurance. It markets its products through independent distributors, selling most of its policies directly to consumers at their places of work.

Executives

Virgil Raynard Miller	officer: President, Aflac U.S.	1932 WYNNTON ROAD, COLUMBUS GA 31999
Bradley Eugene Dyslin	officer: Executive Vice President	1932 WYNNTON ROAD, COLUMBUS GA 31999
Arthur Reginald Collins	director	3911 LORCOM LANE, ARLINGTON VA 22207
Nobuchika Mori	director	1932 WYNNTON ROAD, COLUMBUS GA 31999
Georgette D. Kiser	director	1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505
Steven Kent Beaver	officer: SVP, CFO, Aflac US	1932 WYNNTON ROAD, COLUMBUS GA 31999
Richard Jr Williams	officer: Executive V.P.	1932 WYNNTON RD, COLUMBUS GA 31999
Albert Riggieri	officer: SVP, Corporate Actuary	1932 WYNNTON RD, COLUMBUS GA 31999
Katherine Rohrer	director	1932 WYNNTON RD, COLUMBUS GA 31999
Masatoshi Koide	officer: Deputy President, Aflac Japan	1932 WYNNTON RD, COLUMBUS GA 31999
Max Broden	officer: Senior Vice President	1932 WYNNTON RD, COLUMBUS GA 31999
Karole Lloyd	director	1932 WYNNTON ROAD, COLUMBUS GA 31999
Toshihiko Fukuzawa	director	1932 WYNNTON RD, COLUMBUS GA 31999
James Todd Daniels	officer: Sr. Vice President	1932 WYNNTON ROAD, COLUMBUS GA 31999
Frederick John Crawford	officer: EVP, Chief Financial Officer	AFLAC INCORPORATED, COLUMBUS GA 31999