Is AFL or AJG cheaper?

On trailing earnings, AFL is cheaper: AFL trades at a 13.45 P/E and AJG at 35.33.

Which has grown faster, AFL or AJG?

Over the past five years, AJG grew revenue faster — AFL at a -4.37% CAGR versus AJG at 15.44%.

Does AFL or AJG pay a bigger dividend?

AFL yields 2.02% and AJG yields 1.23% based on trailing dividends and the latest price.

Is AFL or AJG more profitable?

AFL runs the higher net margin — AFL at 25.44% versus AJG at 10.76%.

Which has been the better investment, AFL or AJG?

Over the past 10-year, AJG delivered the higher annualized total return — AFL at 15.72% versus AJG at 18.24%. Past performance doesn't predict future results.

Aflac Incorporated (AFL) vs Arthur J. Gallagher & Co. (AJG)

AFL leads on 9 of 16 compared metrics.

A side-by-side comparison of Aflac Incorporated and Arthur J. Gallagher & Co. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

AFL

Aflac Incorporated

$59.96B

$117.80Financial Services

AJG

Arthur J. Gallagher & Co.

$56.19B

$218.69Financial Services

Total return — AFL vs AJG

growth of $100 · last 30y

AFL +3083.8%AJG +2570.2%AFL compounded faster

AFL AJG

AFL vs AJG: by the numbers

•AFL is the larger company ($59.96B vs $56.19B market cap).
•AFL trades at the lower earnings multiple (13.45 vs 35.33 P/E).
•AFL converts more revenue to profit (25.44% vs 10.76% net margin).
•AJG grew revenue faster over the past five years (15.44% vs -4.37% CAGR).
•AFL pays the higher dividend yield (2.02% vs 1.23%).

Which is better, AFL or AJG?

Metric tally: AFL 9 · AJG 7

It depends on what you're optimizing for:

ValueAFL(lower P/E)

GrowthAJG(faster 5Y revenue CAGR)

IncomeAFL(higher dividend yield)

QualityAJG(higher ROIC)

Valuation

Metric	AFL	AJG
P/E ratio	13.45●	35.33
Forward P/E	16.68	16.46
P/S ratio	3.33●	3.79
P/B ratio	2.70	2.39●
PEG ratio	26.89	5.58●
EV / EBITDA	9.48●	14.44
FCF yield	4.84%●	3.28%

Profitability

Metric	AFL	AJG
Gross margin	47.76%	65.99%●
Operating margin	30.97%●	18.17%
Net margin	25.44%●	10.76%
ROE	20.66%●	6.78%
ROIC	3.21%	5.25%●

Dividends

Metric	AFL	AJG
Dividend yield	2.02%●	1.23%
Payout ratio	34.69%	46.31%

Growth (annualized)

Metric	AFL	AJG
Revenue CAGR (5Y)	-4.37%	15.44%●
EPS CAGR (5Y)	0.50%	6.33%●
FCF CAGR (5Y)	-13.07%	0.32%●
Total return CAGR (5Y)	18.59%●	9.76%

Frequently asked

Which is better, AFL or AJG?: It depends on your goal. value: AFL (lower P/E); growth: AJG (faster 5Y revenue CAGR); income: AFL (higher dividend yield); quality: AJG (higher ROIC). Across all compared metrics, AFL leads 9 to 7.
Is AFL or AJG cheaper?: On trailing earnings, AFL is cheaper: AFL trades at a 13.45 P/E and AJG at 35.33.
Which has grown faster, AFL or AJG?: Over the past five years, AJG grew revenue faster — AFL at a -4.37% CAGR versus AJG at 15.44%.
Does AFL or AJG pay a bigger dividend?: AFL yields 2.02% and AJG yields 1.23% based on trailing dividends and the latest price.
Is AFL or AJG more profitable?: AFL runs the higher net margin — AFL at 25.44% versus AJG at 10.76%.
Which has been the better investment, AFL or AJG?: Over the past 10-year, AJG delivered the higher annualized total return — AFL at 15.72% versus AJG at 18.24%. Past performance doesn't predict future results.

Go deeper

Full AFL analysis Full AJG analysis Interactive comparison tool

Dig into the metrics

Aflac P/E ratio Arthur J. Gallagher & P/E ratio Aflac dividend yield Arthur J. Gallagher & dividend yield Aflac ROE Arthur J. Gallagher & ROE Aflac operating margin Arthur J. Gallagher & operating margin Aflac revenue growth Arthur J. Gallagher & revenue growth Aflac free cash flow Arthur J. Gallagher & free cash flow

Aflac & Arthur J. Gallagher & appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Fastest Revenue Growth Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.