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AFL

Aflac Incorporated

NYSE: AFL · FINANCIAL SERVICES · INSURANCE - LIFE

$113.67
-2.19% today

Updated 2026-04-30

Market cap
$58.56B
P/E ratio
12.99
P/S ratio
3.41x
EPS (TTM)
$8.75
Dividend yield
—
52W range
$95 – $119
Volume
2.3M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Aflac Incorporated (AFL) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$113.67
Consensus
$110.09
-3.15%
2030 Target
$419.82
+269.33%
DCF
—
—
11 analysts:
1 Buy7 Hold4 Sell

Management guidance

No specific revenue targets disclosed. CEO Daniel Amos has reiterated dividend increases (5.2% announced for Q1 2026) and strategic initiatives in Japan and U.S. broker channels, but has not provided explicit 2026-2030 revenue guidance. Recent reinsurance deal with Japan Post Insurance signals diversification strategy.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$696.02
$18.3B Rev × 20x P/S
Base case (2030)
$419.82
$18.3B Rev × 12x P/S
Bear case (2030)
$276.20
$18.3B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$18.8B$19.1B$17.4B$17.1B$17.4B$17.6B$17.9B$18.3B
Revenue growth—1.5%-8.8%-0.2%1.6%1.5%1.7%1.8%
EPS$6.26$7.21$7.45$7.43$7.85$8.15$8.50$8.85
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$386.68$397.73$408.78$408.78$419.82

Catalysts & risks

Growth catalysts
+ Japan market momentum and product refresh driving growth
+ Broker-led U.S. distribution expansion (Workday Wellness partnership)
+ Third-party reinsurance expansion (Japan Post Insurance agreement marks first external deal)
+ Digital distribution initiatives and long-term care rider launches
+ Consistent 42-year dividend increase streak attracts income investors
Key risks
- Negative 5-year revenue CAGR (-4.7%) reflects structural headwinds in U.S. supplemental insurance market
- FY2025 revenue declined 9.3% YoY to $17.16B; analyst consensus shows near-flat growth (0.2% decline 2026, 1.6% growth 2027)
- Operating cash flow trending downward; analyst ratings skew neutral/bearish (7 Hold, 3 Sell vs. 1 Buy)
- Japan Post Holdings divesting shares (trimmed stake by ~$2.2M in April 2026) suggests confidence concerns from major shareholder
- Currency headwinds and persistency pressure in mature markets
- Declining EPS despite flat/positive revenue (21.2% profit margin declining trend)

Methodology

Aflac Incorporated's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 11 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.