AFL – Aflac Incorporated

Aflac Incorporated (AFL) – November 2025 Stock Report

Publication Date: November 12, 2025

Company Overview

Aflac Incorporated, founded in 1955 and headquartered in Columbus, Georgia, is a prominent player in the financial services sector, specifically focusing on the life insurance industry. The company specializes in providing a range of supplemental health and life insurance products distributed through its two key segments: Aflac Japan, which offers cancer, medical, nursing care, and whole life insurance, and Aflac U.S., which focuses on accident, disability, critical illness, and more. With a total revenue of approximately $17.7 billion, Aflac has established a significant presence in the insurance landscape. The company’s robust distribution channels, including individual agents, banks, and brokers, contribute to its competitive position in the market.

52-Week Price Performance Analysis

Aflac’s stock has experienced a predominantly bullish trend over the past 52 weeks, demonstrating steady growth and resilience. Currently, the stock price sits at $114.80, which is near its 52-week high of $115.43. The 52-week low was recorded at $96.95, indicating a robust rebound from its lowest point and showcasing the stock’s volatility.

Technical Insights

1. Trend Analysis: The stock price has increased from approximately $100 to $114.80, representing a 5.22% rise over the year. This upward trajectory is significant given the current economic landscape marked by fluctuations in various sectors.

2. Support and Resistance Levels:

3. Support Level: The $105 price level serves as a strong support, with the stock rebounding multiple times this year when approaching this price point.

4. Resistance Level: Resistance has been noted around the $110 price level, where the stock encountered challenges breaking through earlier in the year. However, Aflac has recently surpassed this barrier, indicating a bullish shift in momentum.

5. Momentum Indicators: Aflac’s price has consistently traded above the 50-day moving average of $109.14, indicating a solid upward momentum. The chart shows a breakout pattern in October, where the stock surged past the previous resistance point, reinforcing the bullish sentiment in the market. This consolidation above the $110 resistance suggests that the stock may have room for continued growth.

Financial Performance and Metrics

Aflac has exhibited strong financial performance in recent quarters. The latest figures highlight the company’s operational efficiency and profitability:

• Total Revenue: Approximately $17.7 billion, showcasing substantial income generation capabilities.
• Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA): Approximately $5.36 billion, indicating effective cost management and operational efficiency.
• Q3 Net Earnings: Reported at $1.6 billion, surpassing analyst expectations alongside total Q3 revenues of $4.7 billion. This reflects a 2.5% increase in U.S. net premiums to $1.5 billion.
• Adjusted Earnings per Diluted Share: Rose 15.3% year-over-year to $2.49, illustrating robust profitability and an ability to reward shareholders.

Recent News and Developments

Aflac’s recent developments have significant implications for investors:

• The company’s Board of Directors has authorized the repurchase of up to 100 million additional shares, increasing the total shares available for repurchase to approximately 130.9 million. This strategic move aims to enhance shareholder value.
• Aflac announced a 5.2% increase in its first-quarter 2026 dividend, marking the 43rd consecutive year of dividend increases, signaling commitment to returning capital to shareholders.
• However, Aflac also disclosed a cybersecurity incident dated June 12, 2025, where sensitive customer data, including Social Security and health information, was potentially compromised. The company is actively working with cybersecurity experts and is providing affected individuals with 24 months of free credit monitoring and identity theft protection. While this incident poses reputational challenges, the swift response may mitigate long-term impacts.

Market Sentiment and Analyst Recommendations

Analyst consensus indicates a “hold” rating on Aflac Incorporated, reflecting a cautious outlook. Key sentiment indicators include:

• Average Analyst Recommendation: Approximately 2.92 from 13 analysts, which aligns closely with the “hold” sentiment, suggesting that current shareholders maintain their positions without significant trading actions.
• Price Targets: Analysts have set a target high price of $127.00, indicating optimism in Aflac’s future performance under favorable market conditions. Conversely, the target low price is $100.00, suggesting a moderate level of expected volatility and potential downside risk.
• Current Share Statistics: Out of 524,113,917 shares outstanding, 6,334,585 shares are short, equating to approximately 0.0119% of the float. This low short interest indicates a healthy liquidity environment and reflects investor confidence.

Conclusion: Opportunities and Risks

Aflac Incorporated presents a solid investment opportunity, characterized by its strong financial performance, commitment to shareholder value, and positive technical indicators. With substantial growth potential reflected in the analyst price targets and the company’s commitment to increasing dividends, investors may find Aflac an attractive holding.

However, the recent cybersecurity incident and the “hold” recommendation from analysts introduce uncertainties. Investors should remain vigilant about market movements and company developments. Maintaining a diversified portfolio while keeping an eye on Aflac’s performance could lead to favorable outcomes amid industry fluctuations.

Final Thoughts

As Aflac navigates this dynamic financial landscape, the company’s strategic decisions and operational effectiveness will be key in sustaining its market position. Retail investors should consider these factors, along with market sentiment, as they determine their investment strategies surrounding Aflac Incorporated in the short to medium term.

Metric	Value
Market Cap	$60.2b
Total Debt	$14.3b
Total Cash	$9.1b
Shares Outstanding	524.1m
Float Shares	519.5m