Aflac Revenues And Revenue Growth From 2012 To 2016

This report provides the last five years revenues and revenue growth of Aflac Inc (AFL) from 2012 to 2016. Aflac generated a total of $22.6 billion revenues during 2016. Aflac reported a revenue growth of 8.1% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

Aflac Revenues From 2012 To 2016

Here are the revenues and the revenue growth details of Aflac during the last five years:

  • Aflac generated a total of $25.4 billion revenues during 2012. Aflac reported a revenue growth of 14.4% year-over-year during 2012.
  • Aflac generated a total of $23.9 billion revenues during 2013. Aflac reported a revenue growth of -5.6% year-over-year during 2013.
  • Aflac generated a total of $22.7 billion revenues during 2014. Aflac reported a revenue growth of -5.1% year-over-year during 2014.
  • Aflac generated a total of $20.9 billion revenues during 2015. Aflac reported a revenue growth of -8.2% year-over-year during 2015.
  • Aflac generated a total of $22.6 billion revenues during 2016. Aflac reported a revenue growth of 8.1% year-over-year during 2016.

Why Analyze Revenue Growth?

Revenue growth is the most commonly analyzed financial metric. Revenue Growth is the percent increase (or decrease) of a company's revenue between two time periods. It is computed by using the following formula: ((revenues during the time period two - revenues during the time period one) / revenues during the time period one)*100. If the time periods are two consecutive years, then the revenue growth is referred to as the annual revenue growth year-over-year. If the time periods are two consecutive quarters, then the revenue growth is referred to as the quarterly revenue growth quarter-over-quarter. If the time periods refer to the same quarter in the two consecutive years, then the revenue growth is referred to as quarterly revenue growth year-over-year. In case the time periods are two non-consecutive years, then the revenue CAGR (Commutative Annual Growth Rate) is computed.

Revenue growth analysis is important for a number of reasons. First, it helps in understanding how a business is performing. If the revenue growth rates are positive, it means the business is performing well and the revenues are increasing. If the revenue growth rates are negative, it means the revenues are declining and the company needs to take measures to increase them. If they don't, the company will continue to shrink. Second, a company's historical revenue growth analysis along with the market size and market share analysis helps in forecasting the future revenues of a company. Third, a comparison of a company's growth rates with its competitors helps in determining who is winning more business. A revenue growth higher than the industry average translates into increasing market share. Companies with very high revenue growth rates have the potential to be the industry disrupters.

Aflac Ranking

With $22.6 billion revenues, Aflac ranked number 122 in the R&P Research list of top-3000 public companies in the US by revenues during 2016. Each one of the top-3000 companies generated more than $50 million of annual revenues during 2016.

The top-20 companies in the US by revenues during 2016 were:

  1. Walmart ($482.1 billion)
  2. ExxonMobil ($226.1 billion)
  3. Berkshire Hathaway ($223.6 billion)
  4. Apple ($215.6 billion)
  5. McKesson ($190.9 billion)
  6. UnitedHealth Group ($184.8 billion)
  7. CVS Health ($177.5 billion)
  8. General Motors ($166.4 billion)
  9. AT&T ($163.8 billion)
  10. Ford Motor ($151.8 billion)
  11. AmerisourceBergen ($146.8 billion)
  12. Amazon ($136 billion)
  13. Verizon ($126 billion)
  14. General Electric ($123.7 billion)
  15. Cardinal Health ($121.5 billion)
  16. Costco ($118.7 billion)
  17. Walgreens Boots Alliance ($117.4 billion)
  18. Chevron ($114.5 billion)
  19. Kroger ($109.8 billion)
  20. Express Scripts Holding ($100.3 billion)

For the purpose of performance benchmarking of a company with a sector or industry average, R&P Research associates every company with one sector and one industry. An industry consists of companies with related/similar business models. A sector comprises of a group of related/similar industries. For high-level analysis purposes, related/similar sectors are grouped into sector groups.

For example, Healthcare sector group is comprised of Life Sciences sector and Healthcare Services sector. Life Sciences sector is comprised of following industries: Pharmaceuticals; Medical Devices; Biotechnology; Diagnostics & Scientific Instruments. Healthcare Services sector is comprised of following industries: Drug Stores, PBM and Distributors; Healthcare Payers; Healthcare Providers; Medical Software; Healthcare Research Services.

Aflac is associated with Financials Sector Group, Insurance Sector, and Diversified Insurance Industry.

With $22.6 billion revenues, Aflac ranked number 16 of all the companies in the US Financials sector group. There were a total of 705 public companies in the US Financials sector group that had revenues greater than $50 million during 2016.

The top-10 companies in the US Financials sector group by revenues during 2016 were:

  1. Berkshire Hathaway ($223.6 billion)
  2. JPMorgan Chase ($95.7 billion)
  3. Wells Fargo ($84.5 billion)
  4. Bank of America ($83.7 billion)
  5. Citigroup ($69.9 billion)
  6. MetLife ($63.5 billion)
  7. Prudential Financial ($58.8 billion)
  8. AIG ($52.4 billion)
  9. Allstate ($36.5 billion)
  10. Morgan Stanley ($34.6 billion)

Financials sector group is comprised of the following sectors: Banking; Insurance; Financial Services; Real Estate & REITs.

With $22.6 billion revenues, Aflac ranked number 9 of all the companies in the US Insurance sector. There were a total of 101 public companies in the US Insurance sector that had revenues greater than $50 million during 2016.

The top-10 companies in the US Insurance sector by revenues during 2016 were:

  1. Berkshire Hathaway ($223.6 billion)
  2. MetLife ($63.5 billion)
  3. Prudential Financial ($58.8 billion)
  4. AIG ($52.4 billion)
  5. Allstate ($36.5 billion)
  6. Chubb ($31.5 billion)
  7. Travelers Companies ($27.6 billion)
  8. Progressive ($23.4 billion)
  9. Aflac ($22.6 billion)
  10. Hartford Financial Services Group ($18.3 billion)

Insurance sector is comprised of the following industries: Life Insurance; Property & Casualty Insurance; Surety & Title Insurance; Insurance Brokerage; Diversified Insurance. The definitions for each of the industries is as follows:

  • Life Insurance industry includes companies engaged principally in life insurance.
  • Property & Casualty Insurance industry includes companies engaged principally in accident, fire, automotive, marine, malpractice and other classes of non-life insurance.
  • Surety & Title Insurance industry includes companies providing title & surety insurance.
  • Insurance Brokerage industry includes insurance brokers and agencies.
  • Diversified Insurance industry includes companies with life, health, property & casualty, and reinsurance interests, none of which predominates.

With $22.6 billion revenues, Aflac ranked number 1 of all the companies in the US Diversified Insurance industry. There were a total of 7 public companies in the US Diversified Insurance industry that had revenues greater than $50 million during 2016.

The top companies in the US Diversified Insurance industry by revenues during 2016 were:

  1. Aflac ($22.6 billion)
  2. Principal Financial Group ($12.4 billion)
  3. Unum Group ($11 billion)
  4. Assurant ($7.5 billion)
  5. CNO Financial Group ($4 billion)
  6. ProaAsurance ($870.2 million)
  7. Greenlight Capital ($588.4 million)

Companies Segmentation

To identify and analyze high/low growth or most/least profitable similar-size companies in different sectors or industries, R&P research classifies all companies into different segments based upon their revenues, revenue growth, and net profit margins.

Based upon their annual revenues, the companies are classified into one of the following four segments:

  1. Mega companies, having revenues greater than $50 billion.
  2. Very Large companies, having revenues between $10 billion and $50 billion.
  3. Large companies, having revenues between $1 billion and $10 billion.
  4. Mid-size companies, having revenues between $50 million and $1 billion.

With $22.6 billion revenues, Aflac was in the Very Large companies revenue segment during 2016. There were a total of 239 companies in the Very Large companies revenue segment during 2016.

Based upon their annual revenue growth, the companies are classified into one of the following eight segments:

  1. Very High positive growth companies, having annual revenue growth greater than 50%.
  2. High positive growth companies, having annual revenue growth between 20% and 50%.
  3. Medium positive growth companies, having annual revenue growth between 5% and 20%.
  4. Low positive growth companies, having annual revenue growth between 0% and 5%.
  5. Low negative growth companies, having annual revenue growth between -5% and 0%.
  6. Medium negative growth companies, having annual revenue growth between -20% and -5%.
  7. High negative growth companies, having annual revenue growth between -50% and -20%.
  8. Very High negative growth companies, having annual revenue growth less than -50%.

With 8.1% revenue growth year-over-year, Aflac was in the Medium positive revenue growth segment during 2016. There were a total of 876 companies in the Medium positive revenue growth segment during 2016. Of the US top-3000 companies, 1985 (nearly two-third of the total) had positive revenue growth and 1015 (nearly one-third of the total) had negative revenue growth during 2016.

Based upon their annual net profit margin, the companies are classified into one of the following eight segments:

  1. Very High positive margin companies, having net profit margin greater than 50%.
  2. High positive margin companies, having net profit margin between 20% and 50%.
  3. Medium positive margin companies, having net profit margin between 5% and 20%.
  4. Low positive margin companies, having net profit margin between 0% and 5%.
  5. Low negative margin companies, having net profit margin between -5% and 0%.
  6. Medium negative margin companies, having net profit margin between -20% and -5%.
  7. High negative margin companies, having net profit margin between -50% and -20%.
  8. Very High negative margin companies, having net profit margin less than -50%.

With a net margin of 11.8%, Aflac was in the Medium positive net profit margin segment during 2016. There were a total of 1086 companies in the Medium positive net profit margin segment during 2016. Of the US top-3000 companies, 2244 (nearly three-fourth of the total) had positive net profit margin and 756 (nearly one-fourth of the total) had negative net profit margin during 2016.

Company Business Summary

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers various voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan. The Aflac U.S. segment provides products designed to protect individuals from depletion of assets comprising accident, cancer, critical illness/care, hospital indemnity, fixed-benefit dental, and vision care plans; and loss-of-income products, such as life and short-term disability plans in the United States. The company sells its products through sales associates and brokers, independent corporate agencies, individual agencies, and affiliated corporate agencies. Aflac Incorporated was founded in 1955 and is headquartered in Columbus, Georgia.

Data Source

The chart and the data on this page are sourced from the R&P Research Industry Intelligence Platform. The platform provides the key financial metrics for all the public companies in the United States. The platform empowers users to compare last five or 15 years financial data of a company with the other companies or the industry averages. This benchmarking exercise yields powerful insights that can drive better business decisions.


Industry Peers and Competitors of Aflac

Principal Financial Group (PFG) Business Analysis – Analyze Historical Performance, Strategic...

Principal Financial Group Inc with $12 billion revenues in the year 2016 was the number 2 Diversified Insurance company. Read this report to know the top competitors of Principal Financial Group and identify growth and cost optimization opportunities of Principal Financial Group

Unum Group (UNM) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Unum Group with $11 billion revenues in the year 2016 was the number 3 Diversified Insurance company. Read this report to know the top competitors of Unum Group and identify growth and cost optimization opportunities of Unum Group

Assurant (AIZ) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

Assurant Inc with $8 billion revenues in the year 2016 was the number 4 Diversified Insurance company. Read this report to know the top competitors of Assurant and identify growth and cost optimization opportunities of Assurant

CNO Financial Group (CNO) Business Analysis – Analyze Historical Performance, Strategic...

CNO Financial Group, Inc. with $4 billion revenues in the year 2016 was the number 5 Diversified Insurance company. Read this report to know the top competitors of CNO Financial Group and identify growth and cost optimization opportunities of CNO Financial Group

ProaAsurance (PRA) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

ProaAsurance Corp with $870 million revenues in the year 2016 was the number 6 Diversified Insurance company. Read this report to know the top competitors of ProaAsurance and identify growth and cost optimization opportunities of ProaAsurance

Greenlight Capital (GLRE) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Greenlight Capital Re, Ltd. with $588 million revenues in the year 2016 was the number 7 Diversified Insurance company. Read this report to know the top competitors of Greenlight Capital and identify growth and cost optimization opportunities of Greenlight Capital

Revenues Analysis

Aflac (AFL) Revenues And Revenue Growth From 2012 To 2016

This report provides the last five years revenues and revenue growth of Aflac Inc (AFL) from 2012 to 2016. Aflac generated a total of $22.6 billion revenues during 2016. Aflac reported a revenue growth of 8.1% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

Aflac (AFL) Revenues And Revenue Growth From 2002 To 2016

This report provides the last fifteen years revenues and revenue growth of Aflac Inc (AFL) from 2002 to 2016. Aflac generated a total of $22.6 billion revenues during 2016. Aflac reported a revenue growth of 8.1% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

Aflac (AFL) Revenue Growth Comparison With Industry Growth From 2012 To...

This report provides a comparison of Aflac Inc (AFL) revenue growth with Diversified Insurance industry growth during the last five years from 2012 to 2016. Aflac reported a revenue growth of 8.1% year-over-year during 2016. The Diversified Insurance industry growth was 0.6% year-over-year during 2016. Aflac growth was faster than the industry during 2016.

Profit Analysis

Aflac (AFL) Net Profit And Net Margin From 2012 To 2016

This report provides the last five years net profit and net margin of Aflac Inc (AFL) from 2012 to 2016. Aflac reported a total net income of $2.7 billion during 2016. Aflac generated a total of $22.6 billion revenues during 2016. Aflac net profit margin was 11.8% during 2016. The net profit and the net profit margin correspond to the fiscal year ending in December.

Aflac (AFL) Net Profit And Net Margin From 2002 To 2016

This report provides the last fifteen years net profit and net margin of Aflac Inc (AFL) from 2002 to 2016. Aflac reported a total net income of $2.7 billion during 2016. Aflac generated a total of $22.6 billion revenues during 2016. Aflac net profit margin was 11.8% during 2016. The net profit and the net profit margin correspond to the fiscal year ending in December.

Aflac (AFL) Net Profit Margin Comparison With Industry From 2012 To...

This report provides a comparison of Aflac Inc (AFL) net profit margin with Diversified Insurance industry net profit margin during the last five years from 2012 to 2016. Aflac reported a net profit margin of 11.8% during 2016. The Diversified Insurance industry net profit margin was 10.2% during 2016. Aflac was more profitable than the industry during 2016.

Cost & Expenses Analysis

Aflac (AFL) Cost of Sales (COGS) Analysis From 2012 To 2016

This report provides the last five years cost of sales (COGS) analysis of Aflac Inc (AFL) from 2012 to 2016. Aflac spent a total of $12.9 billion on COGS during 2016. Aflac generated a total of $22.6 billion revenues during 2016. As a percentage of revenues, Aflac spent 57.3% of its total revenues on COGS during 2016. The cost of sales (COGS) numbers are for the fiscal year ending in December.

Aflac (AFL) Research & Development (R&D) Spending Analysis 2016

R&D spending analysis for Aflac is not available because either the company does not provide the data or we don't have it.

Aflac (AFL) Sales, Marketing, General & Administrative (SG&A) Spending Analysis From...

This report provides the last five years sales, marketing, general & administrative (SG&A) expenses of Aflac Inc (AFL) from 2012 to 2016. Aflac spent a total of $4.2 billion on sales, marketing, general, and administrative (SG&A) activities during 2016. Aflac generated a total of $22.6 billion revenues during 2016. As a percentage of revenues, Aflac spent 18.5% of its total revenues on SG&A activities during 2016. The SG&A spending numbers are for the fiscal year ending in December.

Working Capital Analysis

Aflac (AFL) Inventory Spending Analysis 2016

Inventory spending analysis for Aflac is not available because either the company does not provide the data or we don't have it.

Aflac (AFL) Accounts Receivable (A/R) Analysis From 2012 To 2016

This report provides the last five years Accounts Receivable (A/R) analysis of Aflac Inc (AFL) from 2012 to 2016. Aflac invested a total of $669 million on accounts receivable during 2016. Aflac generated a total of $22.6 billion revenues during 2016. As a percentage of revenues, Aflac invested 3% of its total revenues on accounts receivable during 2016. The accounts receivable numbers are for the fiscal year ending in December.

Aflac (AFL) Accounts Payable (A/P) Analysis From 2012 To 2016

This report provides the last five years Accounts Payable (A/P) analysis of Aflac Inc (AFL) from 2012 to 2016. Aflac invested a total of $526 million on accounts payable during 2016. Aflac generated a total of $22.6 billion revenues during 2016. As a percentage of revenues, Aflac invested 2.3% of its total revenues on accounts payable activities during 2016. The accounts payable numbers are for the fiscal year ending in December.

Asset Management Analysis

Aflac (AFL) Property, Plant & Equipment (PP&E) Investment Analysis From 2012...

This report provides the last five years property, plant & equipment (PP&E) investment analysis of Aflac Inc (AFL) from 2012 to 2016. Aflac invested a total of $433 million on property, plant & equipment (PP&E) activities during 2016. Aflac generated a total of $22.6 billion revenues during 2016. As a percentage of revenues, Aflac invested 1.9% of its total revenues on PP&E activities during 2016. The PP&E investment numbers are for the fiscal year ending in December.

Aflac (AFL) Intangible Assets Analysis 2016

Intangible Assets Investment analysis for Aflac is not available because either the company does not provide the data or we don't have it.

Got Questions?

Get in touch with us. We are happy to help!

Contact Us:


sales@revenuesandprofits.com