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Aflac (BSP:A1FL34) Claims Ratio % : 0.00% (As of . 20)


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What is Aflac Claims Ratio %?

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

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

BSP:A1FL34's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

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 Claims Ratio % Chart


Aflac  (BSP:A1FL34) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %=Total Claims / Total Premiums Earned * 100%

* 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.

Aflac  (BSP:A1FL34) 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 (BSP:A1FL34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aflac Inc (BSP:A1FL34) » Definitions » Claims Ratio %
Comparable Companies
MET PRU UNM PRI GL JXN FG LNC AEL BHF SHSE:601628 SHSE:601318 HKSE:01299 BOM:543526 TSX:MFC SHSE:601601 TSX:GWO TPE:2881 LSE:PRU TPE:2882
Traded in Other Exchanges
AFL:USA 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 accident, 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.

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