Is AFL or AON cheaper?

On trailing earnings, AFL is cheaper: AFL trades at a 13.45 P/E and AON at 18.40.

Which has grown faster, AFL or AON?

Over the past five years, AON grew revenue faster — AFL at a -4.37% CAGR versus AON at 8.99%.

Does AFL or AON pay a bigger dividend?

AFL yields 2.02% and AON yields 0.91% based on trailing dividends and the latest price.

Is AFL or AON more profitable?

AFL runs the higher net margin — AFL at 25.44% versus AON at 22.54%.

Which has been the better investment, AFL or AON?

Over the past 10-year, AFL delivered the higher annualized total return — AFL at 15.72% versus AON at 12.90%. Past performance doesn't predict future results.

Aflac Incorporated (AFL) vs Aon plc (AON)

AFL leads on 8 of 14 compared metrics.

A side-by-side comparison of Aflac Incorporated and Aon plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

AFL

Aflac Incorporated

$59.96B

$117.80Financial Services

AON

Aon plc

$71.61B

$335.31Financial Services

Total return — AFL vs AON

growth of $100 · last 30y

AFL +3092.4%AON +1394.3%AFL compounded faster

AFL AON

AFL vs AON: by the numbers

•AON is the larger company ($71.61B vs $59.96B market cap).
•AFL trades at the lower earnings multiple (13.45 vs 18.40 P/E).
•AFL converts more revenue to profit (25.44% vs 22.54% net margin).
•AON grew revenue faster over the past five years (8.99% vs -4.37% CAGR).
•AFL pays the higher dividend yield (2.02% vs 0.91%).

Which is better, AFL or AON?

Metric tally: AFL 8 · AON 6

It depends on what you're optimizing for:

ValueAFL(lower P/E)

GrowthAON(faster 5Y revenue CAGR)

IncomeAFL(higher dividend yield)

QualityAON(higher ROIC)

Metrics side by side

Valuation

Metric	AFL	AON
P/E ratio	13.45●	18.40
Forward P/E	16.68●	17.51
P/S ratio	3.33●	4.13
P/B ratio	2.70●	7.34
PEG ratio	26.89	0.56●

Profitability

Metric	AFL	AON
Gross margin	47.76%	65.98%●
Operating margin	30.97%●	27.56%
Net margin	25.44%●	22.54%
ROE	20.66%	40.09%●
ROIC	3.21%	12.16%●

Dividends

Metric	AFL	AON
Dividend yield	2.02%●	0.91%
Payout ratio	34.69%	17.83%

Growth (annualized)

Metric	AFL	AON
Revenue CAGR (5Y)	-4.37%	8.99%●
EPS CAGR (5Y)	0.50%	15.07%●
Total return CAGR (5Y)	18.59%●	6.89%

Frequently asked

Which is better, AFL or AON?: It depends on your goal. value: AFL (lower P/E); growth: AON (faster 5Y revenue CAGR); income: AFL (higher dividend yield); quality: AON (higher ROIC). Across all compared metrics, AFL leads 8 to 6.
Is AFL or AON cheaper?: On trailing earnings, AFL is cheaper: AFL trades at a 13.45 P/E and AON at 18.40.
Which has grown faster, AFL or AON?: Over the past five years, AON grew revenue faster — AFL at a -4.37% CAGR versus AON at 8.99%.
Does AFL or AON pay a bigger dividend?: AFL yields 2.02% and AON yields 0.91% based on trailing dividends and the latest price.
Is AFL or AON more profitable?: AFL runs the higher net margin — AFL at 25.44% versus AON at 22.54%.
Which has been the better investment, AFL or AON?: Over the past 10-year, AFL delivered the higher annualized total return — AFL at 15.72% versus AON at 12.90%. Past performance doesn't predict future results.

Go deeper

Full AFL analysis Full AON analysis Interactive comparison tool

Dig into the metrics

Aflac P/E ratio Aon P/E ratio Aflac dividend yield Aon dividend yield Aflac ROE Aon ROE Aflac operating margin Aon operating margin Aflac revenue growth Aon revenue growth Aflac free cash flow Aon free cash flow

Aflac & Aon appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Highest ROE 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 14, 2026.