Aflac Incorporated (AFL) vs Aon plc (AON)

A side-by-side comparison of Aflac Incorporated and Aon plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnAFL vs AON

growth of $100 · dividends reinvested · last 10y
AFL +303.6% (+15.0%/yr)AON +202.0% (+11.7%/yr)AFL compounded faster over this window
100200300400Start $10020182020202220242026$404$302
AFL AON

AFL vs AON: by the numbers

  • AON is the larger company ($65.32B vs $59.64B market cap).
  • AFL trades at the lower trailing earnings multiple (12.63 vs 16.96 P/E), one valuation lens rather than an overall verdict.
  • AFL converts more revenue to profit (26.88% vs 22.27% net margin).
  • AON grew revenue faster over the past five years (8.37% vs -4.64% CAGR).
  • AFL pays the higher dividend yield (2.09% vs 1.03%).

Metrics side by side

Valuation

MetricAFLAON
P/E ratio12.6316.96
Forward P/E16.7116.38
P/S ratio3.303.72
P/B ratio1.976.76

Profitability

MetricAFLAON
Gross margin38.93%47.70%
Operating margin32.16%27.21%
Net margin26.88%22.27%
ROE16.04%40.51%

Dividends

MetricAFLAON
Dividend yield2.09%1.03%
Payout ratio25.97%17.25%

Growth (annualized)

MetricAFLAON
Revenue CAGR (5Y)-4.64%8.37%
EPS CAGR (5Y)0.50%15.07%
Total return CAGR (5Y)18.74%1.52%

Frequently asked

Which has the lower trailing P/E, AFL or AON?
AFL has the lower trailing P/E: AFL trades at 12.63 and AON at 16.96. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AFL or AON?
Over the past five years, AON grew revenue faster — AFL at a -4.64% CAGR versus AON at 8.37%.
Does AFL or AON pay a bigger dividend?
AFL yields 2.09% and AON yields 1.03% based on trailing dividends and the latest price.
Is AFL or AON more profitable?
AFL runs the higher net margin — AFL at 26.88% versus AON at 22.27%.
How have AFL and AON total returns compared?
Over the past 10 years, AFL delivered 14.91% and AON delivered 11.79% annualized total return. Past performance doesn't predict future results.

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 September 13, 2026.