Aflac (NYSE:AFL) Claims Ratio %

: 0.00% (As of Dec. 2022)

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Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

Aflac's Claims Ratio % for the quarter that ended in Dec. 2022 was 0.00% , which is lower than 120.20% for the pervious quarter ended in Sep. 2022.

Aflac's Claims Ratio % for the annual that ended in Dec. 2022 was 112.70% , which is higher than 110.80% for the pervious year ended in Dec. 2021.

The historical rank and industry rank for Aflac's Claims Ratio % or its related term are showing as below:

Aflac Claims Ratio % Historical Data

The historical data trend for Aflac's Claims Ratio % 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

Dec18

Dec19

Dec20

Dec21

Dec22

Claims Ratio %

AflacQuarterly Data

Trend

Mar18

Jun18

Sep18

Dec18

Mar19

Jun19

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Dec19

Mar20

Jun20

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Mar21

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Claims Ratio %

Competitive Comparison

For the Insurance - Life subindustry, Aflac's Claims Ratio %, along with its competitors' market caps and Claims Ratio % 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 (NYSE:AFL) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %

Total Claims

Total Premiums Earned

100%

Aflac (NYSE:AFL) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Aflac Claims Ratio % Related Terms

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Aflac (NYSE:AFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aflac Inc (NYSE:AFL) » Definitions » Claims Ratio %

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