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Aflac Return-on-Tangible-Equity

: 19.86% (As of Jun. 2022)
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Return-on-Tangible-Equity is calculated as Net Income attributable to Common Stockholders divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Aflac's annualized net income attributable to common stockholders for the quarter that ended in Jun. 2022 was $5,552 Mil. Aflac's average shareholder tangible equity for the quarter that ended in Jun. 2022 was $27,957 Mil. Therefore, Aflac's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2022 was 19.86%.

The historical rank and industry rank for Aflac's Return-on-Tangible-Equity or its related term are showing as below:

AFL' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.15   Med: 14.67   Max: 20.64
Current: 13.89

During the past 13 years, Aflac's highest Return-on-Tangible-Equity was 20.64%. The lowest was 12.15%. And the median was 14.67%.

AFL's Return-on-Tangible-Equity is ranked better than
69.8% of 490 companies
in the Insurance industry
Industry Median: 8.76 vs AFL: 13.89

Aflac Return-on-Tangible-Equity Historical Data

The historical data trend for Aflac's Return-on-Tangible-Equity 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 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Return-on-Tangible-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.43 12.15 12.61 15.29 12.95

Aflac Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Return-on-Tangible-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.43 10.56 12.44 13.15 19.86

Competitive Comparison

For the Insurance - Life subindustry, Aflac's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.

   

Aflac Return-on-Tangible-Equity Distribution

For the Insurance industry and Financial Services sector, Aflac's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Aflac's Return-on-Tangible-Equity falls into.



Aflac Return-on-Tangible-Equity Calculation

Aflac's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2021 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=4325/( (33559+33253 )/ 2 )
=4325/33406
=12.95 %

Aflac's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2022 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2022 )  (Q: Mar. 2022 )(Q: Jun. 2022 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2022 )  (Q: Mar. 2022 )(Q: Jun. 2022 )
=5552/( (29527+26387)/ 2 )
=5552/27957
=19.86 %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income attributable to common stockholders of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (Jun. 2022) net income attributable to common stockholders data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Aflac  (NYSE:AFL) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Aflac Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Aflac's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Aflac Business Description

Aflac logo
Address
1932 Wynnton Road, Columbus, GA, USA, 31999
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
Collins Arthur Reginald director 3911 LORCOM LANE ARLINGTON VA 22207
Mori Nobuchika director 1932 WYNNTON ROAD COLUMBUS GA 31999
Kiser Georgette D. director 1001 PENNSYLVANIA AVENUE, NW WASHINGTON DC 20004-2505
Beaver Steven Kent officer: SVP, CFO, Aflac US 1932 WYNNTON ROAD COLUMBUS GA 31999
Williams Richard Jr officer: Executive V.P. 1932 WYNNTON RD COLUMBUS GA 31999
Riggieri Albert officer: SVP, Corporate Actuary 1932 WYNNTON RD COLUMBUS GA 31999
Rohrer Katherine director 1932 WYNNTON RD COLUMBUS GA 31999
Koide Masatoshi officer: Deputy President, Aflac Japan 1932 WYNNTON RD COLUMBUS GA 31999
Broden Max officer: Senior Vice President 1932 WYNNTON RD COLUMBUS GA 31999
Lloyd Karole director 1932 WYNNTON ROAD COLUMBUS GA 31999
Fukuzawa Toshihiko director 1932 WYNNTON RD COLUMBUS GA 31999
Daniels James Todd officer: Sr. Vice President 1932 WYNNTON ROAD COLUMBUS GA 31999
Crawford Frederick John officer: EVP, Chief Financial Officer AFLAC INCORPORATED COLUMBUS GA 31999
Moskowitz Joseph L director 1932 WYNNTON ROAD COLUMBUS GA 31999
Kenny Thomas J director FRANKLIN RESOURCES INC 901 MARINERS ISLAND BLVD 6TH FLOOR SAN MATEO CA 94404

Aflac Headlines

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