Aflac Incorporated Stock Fair Value Calculator – Aflac’s Quarterly Profit Surges Due to Increased Premium Income
November 3, 2023
☀️Trending News
Aflac Incorporated ($NYSE:AFL), an American insurance company, is celebrating a surge in its quarterly profits. According to Reuters, Aflac’s profit surpassed expectations due to an increase in premium income. This comes as a welcome surprise to investors and analysts alike, who were expecting a mild performance. The increase in premium income can be attributed to favorable market conditions, as well as Aflac’s efforts to increase its product offerings. During the quarter, Aflac released new coverage options, including term life and health insurance products. The company also increased its marketing efforts, resulting in a higher number of customers and more products purchased. Aflac’s strong performance is also highlighted by the fact that its operating expenses were lower than expected. This allowed the company to expand its customer base while keeping costs in check.
Additionally, Aflac’s investments in technology have helped the company reduce administrative costs. Aflac Incorporated has managed to turn its quarterly performance around in impressive fashion. Despite the challenges posed by the pandemic, Aflac has managed to increase its premium income and maintain its profitability. This is a testament to the company’s strength and resilience in uncertain times. With continued success, investors can look forward to even better returns in the near future.
Price History
Aflac Incorporated, an American insurance company, reported a surge in their quarterly profits on Thursday due to increased premium income. Their stock opened at $79.0 and closed at $81.7, representing a 3.4% increase from the previous closing price of 79.0. The surge in profits was primarily driven by an increase in their premium income as well as greater investment returns. Subsequently, the company’s share value has risen in recent months, reaching a seven-month high as of Thursday. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aflac Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 19.03k | 4.58k | 24.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aflac Incorporated. More…
| Operations | Investing | Financing |
| 3.2k | 110 | -3.85k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aflac Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 130.63k | 110.19k | 34.3 |
Key Ratios Snapshot
Some of the financial key ratios for Aflac Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.1% | – | 26.2% |
| FCF Margin | ROE | ROA |
| 16.8% | 15.5% | 2.4% |
Analysis – Aflac Incorporated Stock Fair Value Calculator
At GoodWhale, we conducted an analysis of AFLAC INCORPORATED‘s fundamentals. After careful consideration, our proprietary Valuation Line determined the fair value of AFLAC INCORPORATED share to be around $70.0. Currently, AFLAC INCORPORATED stock is traded at $81.7, making it a fair price that is overvalued by 16.8%. More…
Peers
Aflac Inc is one of the leading providers of supplemental insurance in the United States. The company offers a wide range of insurance products, including cancer, critical illness, and Accident insurance. Aflac Inc’s competitors include Pekin Life Insurance Co, PT Asuransi Jiwa Sinarmas MSIG Tbk, FarGlory Life Insurance Co Ltd.
– Pekin Life Insurance Co ($OTCPK:PKIN)
Pekin Life Insurance Co is a life insurance company with a market cap of $159.59M as of 2022. The company has a Return on Equity of 24.43%. Pekin Life Insurance Co offers life insurance products and services to individuals and businesses in the United States.
– PT Asuransi Jiwa Sinarmas MSIG Tbk ($IDX:LIFE)
Sinarmas MSIG Tbk. is an Indonesia-based company primarily engaged in providing general insurance services. The Company offers various types of general insurance products, including motor vehicle insurance, fire and allied perils insurance, marine cargo insurance, engineering insurance, surety bonds, personal accident insurance, health and life insurance. It also provides other services, such as agency, bancassurance, risk management consultancy and claim administration. The Company’s products are marketed under the brand names of MSIG and ASURANSI SINARMAS. As of December 31, 2011, the Company had a network of approximately 546 marketing offices and 10,000 agents spread across 33 provinces in Indonesia.
– FarGlory Life Insurance Co Ltd ($TPEX:5859)
Founded in 1937, FarGlory Life Insurance Company Ltd. is one of the oldest and largest life insurers in China. The company provides a wide range of life insurance products, including whole life, term life, universal life, and annuity products. It also offers health, accident, and long-term care insurance. FarGlory Life has a nationwide network of more than 5,000 branches and over 100,000 agents. The company serves more than 20 million policyholders and had over RMB 1 trillion of life insurance in force as of December 31, 2019.
Summary
AFLAC Incorporated is a major provider of supplemental insurance in the United States and Japan. It recently reported better than expected quarterly earnings on the back of higher premium income. This has been seen as a positive sign by investors, as the stock price moved up the same day. The company’s diversified portfolio of insurance products, supported by strong customer service, has been a key driver of success.
With a broad network of agents, AFLAC has been able to reach more people with its products. Looking ahead, the company is expected to benefit from its strong foothold in both US and Japanese markets. With its efficient capital structure and solid financial discipline, AFLAC looks well-positioned to take advantage of future opportunities.
