AFLAflac

Financials · Health Insurance · NYSE

Headquarters: Columbus, GA
CEO: Daniel P. Amos
Next results: around Feb 3, 2027

AFL and 9 peers, year by year

The 9 Financials companies closest to AFL in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

5 years 10 years Download CSV

Choose the peers

Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
AFL Aflac	FY2025	$17.2B	−9.3%	-	21.2%	-	12.4%	-
PFG Principal Financial Group	FY2025	$15.6B	−3.1%	-	7.6%	-	10.0%	0.33
AJG Arthur J. Gallagher & Co.	FY2025	$13.9B	+20.7%	-	10.7%	-	6.4%	0.58
SPGI S&P Global	FY2025	$15.3B	+7.9%	42.2%	29.2%	35.6%	14.4%	0.44
RJF Raymond James Financial	FY2025	$15.9B	+6.6%	-	13.4%	14.1%	17.1%	0.06
EG Everest Group	FY2025	$17.5B	+1.2%	-	9.1%	-	10.3%	-
BX Blackstone Inc.	FY2025	$14.5B	+9.2%	-	20.9%	31.5%	34.8%	1.45
AON Aon plc	FY2025	$17.2B	+9.4%	25.3%	21.5%	18.7%	39.5%	1.69
STT State Street Corporation	FY2025	$13.9B	+7.3%	-	21.1%	77.8%	10.6%	0.90
WRB W. R. Berkley Corporation	FY2025	$14.7B	+7.8%	-	12.1%	-	18.3%	-

Revenuepeer median $15.3B

Sales growthpeer median +7.8%

Operating margin

SPGI 42.2%
AON 25.3%
AFL -
PFG -
AJG -
RJF -
EG -
BX -
STT -
WRB -

Net marginpeer median 13.4%

FCF marginpeer median 31.5%

STT 77.8%
SPGI 35.6%
BX 31.5%
AON 18.7%
RJF 14.1%
AFL -
PFG -
AJG -
EG -
WRB -

Return on equitypeer median 14.4%

Debt / equitypeer median 0.58

AON 1.69
BX 1.45
STT 0.90
AJG 0.58
SPGI 0.44
PFG 0.33
RJF 0.06
AFL -
EG -
WRB -

RevenueSales growthOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
AFL Dec	$22.6B	$21.7B	$21.8B	$22.3B	$22.1B	$21.6B	$19.1B	$18.7B	$18.9B	$17.2B
PFG Dec	$12.4B	$14.1B	$14.2B	$16.2B	$14.7B	$14.4B	$17.5B	$13.7B	$16.1B	$15.6B
AJG Dec	$5.7B	$6.2B	$6.9B	$7.2B	$7.0B	$8.2B	$8.6B	$10.1B	$11.6B	$13.9B
SPGI Dec	$5.7B	$6.1B	$6.3B	$6.7B	$7.4B	$8.3B	$11.2B	$12.5B	$14.2B	$15.3B
RJF Sep	$5.5B	$6.5B	$7.5B	$8.0B	$8.2B	$9.9B	$11.3B	$13.0B	$14.9B	$15.9B
EG Dec	$5.8B	$6.6B	$7.4B	$8.2B	$9.6B	$11.9B	$12.1B	$14.6B	$17.3B	$17.5B
BX Dec	$5.1B	$7.1B	$6.8B	$7.3B	$6.1B	$22.6B	$8.5B	$8.0B	$13.2B	$14.5B
AON Dec	$9.4B	$10.0B	$10.8B	$11.0B	$11.1B	$12.2B	$12.5B	$13.4B	$15.7B	$17.2B
STT Dec	$10.2B	$11.3B	$12.1B	$11.8B	$11.7B	$12.0B	$12.2B	$12.2B	$13.1B	$13.9B
WRB Dec	$7.7B	$7.7B	$7.7B	$7.9B	$11.2B	-	-	$12.1B	$13.6B	$14.7B
Peer median	$5.8B	$7.1B	$7.5B	$8.0B	$9.6B	$11.9B	$11.7B	$12.5B	$14.2B	$15.3B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
AFL Dec	+8.1%	−4.0%	+0.4%	+2.5%	−0.7%	−0.2%	−11.2%	−2.3%	+1.2%	−9.3%
PFG Dec	+3.6%	+13.7%	+1.0%	+13.9%	−9.1%	−3.2%	+21.5%	−22.1%	+18.0%	−3.1%
AJG Dec	+3.8%	+10.0%	+11.0%	+3.8%	−2.7%	+17.2%	+4.2%	+17.8%	+14.7%	+20.7%
SPGI Dec	+6.5%	+7.1%	+3.2%	+7.0%	+11.1%	+11.5%	+34.8%	+11.8%	+13.7%	+7.9%
RJF Sep	+4.0%	+18.2%	+14.6%	+7.3%	+1.8%	+21.3%	+14.1%	+14.9%	+14.9%	+6.6%
EG Dec	+2.1%	+14.0%	+11.2%	+11.8%	+16.6%	+23.6%	+1.6%	+21.0%	+18.5%	+1.2%
BX Dec	+10.3%	+38.8%	−4.4%	+7.4%	−16.8%	+270%	−62.3%	−5.8%	+64.9%	+9.2%
AON Dec	−0.7%	+6.3%	+7.7%	+2.3%	+0.5%	+10.2%	+2.3%	+7.2%	+17.4%	+9.4%
STT Dec	−1.5%	+9.4%	+7.7%	−3.1%	−0.5%	+2.8%	+1.0%	−1.7%	+8.8%	+7.3%
WRB Dec	+6.2%	+0.4%	+0.1%	+2.7%	+18.1%	-	-	+8.7%	+12.3%	+7.8%
Peer median	+3.8%	+10.0%	+7.7%	+7.0%	+0.5%	+14.4%	+3.3%	+8.7%	+14.9%	+7.8%

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
AFL Dec	18.2%	18.9%	20.0%	20.0%	19.9%	22.9%	21.7%	-	-	-
PFG Dec	-	-	-	-	-	-	-	-	-	-
AJG Dec	-	-	-	-	-	-	-	-	-	-
SPGI Dec	59.0%	42.6%	44.6%	48.2%	48.6%	50.9%	44.2%	32.2%	39.3%	42.2%
RJF Sep	-	-	-	-	-	-	-	-	-	-
EG Dec	-	-	-	-	-	-	-	-	-	-
BX Dec	-	-	-	-	-	-	-	-	-	-
AON Dec	19.2%	10.7%	14.3%	19.7%	25.1%	17.1%	29.4%	28.3%	24.4%	25.3%
STT Dec	-	-	-	-	-	-	-	-	-	-
WRB Dec	-	-	-	-	-	-	-	-	-	-
Peer median	-	-	-	-	-	-	-	-	-	-

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
AFL Dec	11.8%	21.2%	13.4%	14.8%	21.6%	19.6%	23.1%	24.9%	28.8%	21.2%
PFG Dec	10.6%	16.4%	10.9%	8.6%	9.5%	11.0%	27.1%	4.6%	9.7%	7.6%
AJG Dec	7.0%	7.7%	9.1%	9.3%	11.7%	11.0%	13.0%	9.6%	12.7%	10.7%
SPGI Dec	37.2%	24.7%	31.3%	31.7%	31.4%	36.4%	29.0%	21.0%	27.1%	29.2%
RJF Sep	9.6%	9.7%	11.5%	12.9%	10.0%	14.2%	13.3%	13.4%	13.9%	13.4%
EG Dec	13.7%	4.1%	−1.7%	9.3%	2.7%	11.6%	5.0%	17.3%	7.9%	9.1%
BX Dec	20.2%	20.6%	22.6%	27.9%	17.1%	25.9%	20.5%	17.3%	21.0%	20.9%
AON Dec	14.8%	12.3%	10.5%	13.9%	17.8%	10.3%	20.7%	19.2%	16.9%	21.5%
STT Dec	21.0%	19.1%	21.4%	19.1%	20.7%	22.4%	22.8%	15.9%	20.5%	21.1%
WRB Dec	7.9%	7.1%	8.3%	8.6%	12.4%	-	-	11.4%	12.9%	12.1%
Peer median	13.7%	12.3%	10.9%	12.9%	12.4%	12.9%	20.6%	15.9%	13.9%	13.4%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
AFL Dec	-	-	-	-	-	-	-	-	-	-
PFG Dec	-	-	-	-	-	-	-	-	-	-
AJG Dec	$431.8M	-	-	-	-	-	-	-	-	-
SPGI Dec	$1.4B	$1.9B	$2.0B	$2.7B	$3.5B	$3.6B	$2.5B	$3.6B	$5.6B	$5.5B
RJF Sep	−$695.1M	−$315.0M	$750.0M	$439.0M	$3.9B	$6.6B	−$19.0M	−$3.7B	$1.9B	$2.2B
EG Dec	-	-	-	-	-	-	-	-	-	-
BX Dec	−$110.4M	−$1.7B	$27.4M	$1.9B	$1.8B	$3.9B	$6.1B	$3.8B	$3.4B	$4.5B
AON Dec	$2.2B	$551.0M	$1.4B	$1.6B	$2.6B	$2.0B	$3.0B	$3.2B	$2.8B	$3.2B
STT Dec	$1.7B	$6.3B	$9.6B	$5.0B	$3.0B	−$7.5B	$11.2B	−$126.0M	−$14.1B	$10.8B
WRB Dec	$797.5M	$595.2M	$570.3M	$1.1B	-	-	-	-	-	-
Peer median	$797.5M	$573.1M	$1.1B	$1.8B	$3.0B	$3.6B	$3.0B	$3.2B	$2.8B	$4.5B

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
AFL Dec	-	-	-	-	-	-	-	-	-	-
PFG Dec	-	-	-	-	-	-	-	-	-	-
AJG Dec	7.6%	-	-	-	-	-	-	-	-	-
SPGI Dec	25.5%	31.2%	31.2%	39.7%	46.9%	42.9%	22.5%	28.5%	39.2%	35.6%
RJF Sep	−12.6%	−4.8%	10.0%	5.5%	48.3%	66.3%	−0.2%	−28.4%	13.1%	14.1%
EG Dec	-	-	-	-	-	-	-	-	-	-
BX Dec	−2.1%	−23.1%	0.4%	25.9%	29.9%	17.4%	71.6%	47.8%	25.9%	31.5%
AON Dec	23.1%	5.5%	13.4%	14.6%	23.9%	16.8%	24.2%	23.8%	17.9%	18.7%
STT Dec	16.4%	55.8%	78.9%	42.2%	25.4%	−62.5%	92.3%	−1.0%	−108.1%	77.8%
WRB Dec	10.4%	7.7%	7.4%	13.7%	-	-	-	-	-	-
Peer median	10.4%	6.6%	11.7%	20.3%	29.9%	17.4%	24.2%	23.8%	17.9%	31.5%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
AFL Dec	13.0%	18.7%	12.4%	11.4%	14.2%	24.8%	21.9%	21.2%	20.9%	12.4%
PFG Dec	12.9%	18.0%	13.6%	9.5%	8.4%	9.8%	47.7%	5.7%	14.2%	10.0%
AJG Dec	11.0%	11.4%	14.1%	13.0%	13.2%	10.7%	12.2%	9.0%	7.3%	6.4%
SPGI Dec	n/m	n/m	n/m	n/m	n/m	148.8%	8.9%	7.7%	11.6%	14.4%
RJF Sep	10.8%	11.4%	13.5%	15.7%	11.5%	17.0%	16.0%	17.0%	17.7%	17.1%
EG Dec	9.8%	3.3%	−1.6%	8.4%	2.7%	13.6%	7.1%	19.1%	9.9%	10.3%
BX Dec	-	-	24.2%	29.2%	15.7%	62.2%	22.8%	20.4%	33.8%	34.8%
AON Dec	25.5%	26.8%	27.3%	45.4%	56.3%	118.3%	n/m	n/m	43.4%	39.5%
STT Dec	10.1%	9.7%	10.5%	9.2%	9.2%	9.8%	11.0%	8.2%	10.6%	10.6%
WRB Dec	11.9%	10.1%	11.8%	11.2%	20.5%	-	-	18.5%	20.9%	18.3%
Peer median	11.0%	11.4%	13.5%	12.1%	12.4%	15.3%	12.2%	13.0%	14.2%	14.4%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
AFL Dec	-	-	-	-	-	-	-	-	-	-
PFG Dec	0.31	0.25	0.29	0.26	0.26	0.27	0.41	0.37	0.37	0.33
AJG Dec	0.17	0.07	0.09	0.12	0.02	0.03	0.04	0.06	0.01	0.58
SPGI Dec	5.48	5.03	5.83	8.24	8.07	2.02	0.31	0.34	0.34	0.44
RJF Sep	-	-	-	-	-	0.00	0.00	-	-	0.06
EG Dec	-	-	-	-	-	-	-	-	-	-
BX Dec	-	-	1.63	1.65	0.86	0.83	1.63	1.70	1.40	1.45
AON Dec	1.19	1.37	1.56	2.39	2.34	9.95	n/m	n/m	2.90	1.69
STT Dec	0.54	0.52	0.45	0.51	0.53	0.49	0.60	0.79	0.92	0.90
WRB Dec	-	-	-	-	-	-	-	-	-	-
Peer median	0.54	0.52	1.01	1.08	0.69	0.49	0.36	0.37	0.64	0.58

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
AFL Dec	$3.21	$5.77	$3.77	$4.43	$6.67	$6.25	$6.93	$7.78	$9.63	$6.82
PFG Dec	$4.50	$7.88	$5.36	$4.96	$5.05	$5.79	$18.63	$2.55	$6.68	$5.25
AJG Dec	$2.22	$2.64	$3.40	$3.52	$4.20	$4.37	$5.19	$4.42	$6.50	$5.74
SPGI Dec	$7.94	$5.78	$7.73	$8.60	$9.66	$12.51	$10.20	$8.23	$12.35	$14.66
RJF Sep	$3.65	$4.33	$5.75	$4.78	$3.88	$6.63	$6.98	$7.97	$9.70	$10.30
EG Dec	$23.68	$11.70	$2.17	$24.70	$12.78	$34.62	$15.19	$60.19	$31.78	$37.80
BX Dec	$1.56	$2.21	$2.26	$3.03	$1.50	$8.13	$2.36	$1.84	$3.62	$3.87
AON Dec	$5.16	$4.70	$4.59	$6.37	$8.45	$5.55	$12.14	$12.51	$12.49	$17.02
STT Dec	$4.97	$5.19	$6.39	$5.38	$6.32	$7.19	$7.19	$5.58	$8.21	$9.40
WRB Dec	$4.68	$2.84	$3.33	$3.52	$3.29	-	-	$3.37	$4.36	$4.45
Peer median	$4.68	$4.70	$4.59	$4.96	$5.05	$6.91	$8.70	$5.58	$8.21	$9.40

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out AFL and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

Work on AFL in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/AFL/export.csv") into a cell.