Aflac (NYSE:AFL) Equity-to-Asset

: 0.18 (As of Sep. 2023)

View and export this data going back to 1974. Start your Free Trial

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Aflac's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $22,669 Mil. Aflac's Total Assets for the quarter that ended in Sep. 2023 was $125,111 Mil. Therefore, Aflac's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.18.

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

AFL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12 Med: 0.17 Max: 0.21
Current: 0.18

During the past 13 years, the highest Equity to Asset Ratio of Aflac was 0.21. The lowest was 0.12. And the median was 0.17.

AFL's Equity-to-Asset is ranked worse than
61.05% of 493 companies
in the Insurance industry
Industry Median: 0.23 vs AFL: 0.18

Aflac Equity-to-Asset Historical Data

The historical data trend for Aflac's Equity-to-Asset 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

Equity-to-Asset

0.17

0.19

0.20

0.21

0.17

Aflac Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset																0.19	0.17	0.15	0.16	0.18

Competitive Comparison

For the Insurance - Life subindustry, Aflac's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution

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

* The bar in red indicates where Aflac's Equity-to-Asset falls into.

Aflac Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Aflac's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	22365	/	131017
	=	0.17

Aflac's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	22669	/	125111
	=	0.18

Aflac (NYSE:AFL) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Aflac Equity-to-Asset Related Terms

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

Aflac (NYSE:AFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aflac Inc (NYSE:AFL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

AFL:Germany AFL:Germany AFL:Germany 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.

Executives

Simard Frederic Jean Guy	officer: SVP, CFO, Aflac U.S.	1932 WYNNTON ROAD, COLUMBUS GA 31999
Miwako Hosoda	director	1932 WYNNTON ROAD, COLUMBUS GA 31999
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