Aflac Incorporated (AFL) FCF Payout Ratio: 43.00%
Is Aflac Incorporated’s FCF payout ratio high or low?
Aflac Incorporated's FCF payout ratio of 43.00% is 50% above its 5-year average of 28.73%, near the high end of its 5-year range (12.91%–46.89%).
The FCF payout ratio for Aflac Incorporated (AFL) is 43.00%. It is below its 12-month average by 1.20% (43.52%).
AFL FCF Payout Ratio Chart
AFL Average FCF Payout Ratio Chart
AFL Current vs Average FCF Payout Ratio Chart
AFL FCF Payout Ratio Metrics
FCF PAYOUT RATIO
43.00%
FCF PAYOUT RATIO AVG TTM
43.52%
FCF PAYOUT RATIO AVG 3Y
35.64%
FCF PAYOUT RATIO AVG 5Y
28.73%
FCF PAYOUT RATIO AVG 10Y
21.02%
FCF PAYOUT RATIO AVG 15Y
16.50%
FCF PAYOUT RATIO AVG 20Y
14.28%
CURRENT VS TTM AVG
-1.20%
CURRENT VS 3Y AVG
+20.65%
CURRENT VS 5Y AVG
+49.65%
CURRENT VS 10Y AVG
+104.61%
CURRENT VS 15Y AVG
+160.64%
CURRENT VS 20Y AVG
+201.15%
Payout Ratio Comparison
FCF Payout Ratio
43.0%
Earnings Payout Ratio
34.7%
Dividend Yield
2.03%
FCF Yield
4.86%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $2.56B | $1.20B | 46.9% |
| 2024 | $2.71B | $1.09B | 40.2% |
| 2023 | $3.19B | $966.00M | 30.3% |
| 2022 | $3.88B | $979.00M | 25.2% |
| 2021 | $5.05B | $855.00M | 16.9% |
| 2020 | $5.96B | $769.00M | 12.9% |
| 2019 | $5.46B | $771.00M | 14.1% |
| 2018 | $6.01B | $793.00M | 13.2% |
| 2017 | $6.13B | $661.00M | 10.8% |
| 2016 | $5.99B | $658.00M | 11.0% |
| 2015 | $6.78B | $656.00M | 9.7% |
| 2014 | $6.55B | $654.00M | 10.0% |
| 2013 | $10.55B | $635.00M | 6.0% |
| 2012 | $14.95B | $603.00M | 4.0% |
| 2011 | $10.84B | $552.00M | 5.1% |
| 2010 | $6.99B | $535.00M | 7.7% |
| 2009 | $6.16B | $524.00M | 8.5% |
| 2008 | $4.96B | $434.00M | 8.7% |
| 2007 | $4.66B | $373.00M | 8.0% |
| 2006 | $4.37B | $258.00M | 5.9% |
| 2005 | $4.42B | $209.00M | 4.7% |
| 2004 | $4.46B | $182.00M | 4.1% |
| 2003 | $3.37B | $146.00M | 4.3% |
| 2002 | $3.01B | $112.00M | 3.7% |
| 2001 | $2.80B | $95.00M | 3.4% |
| 2000 | $3.22B | $82.00M | 2.5% |
| 1999 | $2.79B | $72.00M | 2.6% |
| 1998 | $2.46B | $63.00M | 2.6% |
| 1997 | $2.59B | $61.00M | 2.4% |
| 1996 | $2.68B | $54.00M | 2.0% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Aflac Incorporated FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Aflac Incorporated FCF Payout Ratio FAQ
- What is the FCF payout ratio for Aflac Incorporated (AFL)?
- The FCF payout ratio for AFL stock is 43.00%.
- Is Aflac Incorporated's FCF payout ratio high or low?
- Aflac Incorporated's FCF payout ratio of 43.00% is 50% above its 5-year average of 28.73%, near the high end of its 5-year range (12.91%–46.89%).
- What is the TTM average FCF payout ratio for Aflac Incorporated (AFL)?
- The TTM average FCF payout ratio for AFL stock is 43.52%.
- What is the 3Y average FCF payout ratio for Aflac Incorporated (AFL)?
- The 3Y average FCF payout ratio for AFL stock is 35.64%.
- What is the 5Y average FCF payout ratio for Aflac Incorporated (AFL)?
- The 5Y average FCF payout ratio for AFL stock is 28.73%.
- What is the 10Y average FCF payout ratio for Aflac Incorporated (AFL)?
- The 10Y average FCF payout ratio for AFL stock is 21.02%.
- What is the 15Y average FCF payout ratio for Aflac Incorporated (AFL)?
- The 15Y average FCF payout ratio for AFL stock is 16.50%.
- What is the 20Y average FCF payout ratio for Aflac Incorporated (AFL)?
- The 20Y average FCF payout ratio for AFL stock is 14.28%.
Aflac Incorporated FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 46.89% |
| 2024-12-31 | 40.16% |
| 2023-12-31 | 30.28% |
| 2022-12-31 | 25.24% |
| 2021-12-31 | 16.93% |
| 2020-12-31 | 12.91% |
| 2019-12-31 | 14.13% |
| 2018-12-31 | 13.19% |
| 2017-12-31 | 10.79% |
| 2016-12-31 | 10.99% |
| 2015-12-31 | 9.68% |
| 2014-12-31 | 9.98% |
| 2013-12-31 | 6.02% |
| 2012-12-31 | 4.03% |
| 2011-12-31 | 5.09% |
| 2010-12-31 | 7.65% |
| 2009-12-31 | 8.51% |
| 2008-12-31 | 8.74% |
| 2007-12-31 | 8.01% |
| 2006-12-31 | 5.90% |
| 2005-12-31 | 4.73% |
| 2004-12-31 | 4.08% |
| 2003-12-31 | 4.33% |
| 2002-12-31 | 3.72% |
| 2001-12-31 | 3.39% |
| 2000-12-31 | 2.55% |
| 1999-12-31 | 2.58% |
| 1998-12-31 | 2.56% |
| 1997-12-31 | 2.36% |
| 1996-12-31 | 2.01% |
About Aflac Incorporated
Aflac Incorporated, operating through its various subsidiary companies, focuses on delivering supplementary health and life insurance policies. The firm's business activities are structured into two primary divisions: Aflac Japan and Aflac U.S. In Japan, the company offers a diverse range of insurance products, including coverage for cancer, medical expenses, income support for nursing care, and the distinct GIFT plan. This segment also provides traditional whole and term life insurance, along with savings-oriented plans like WAYS and child endowment products. Meanwhile, the Aflac U.S. division caters to the American market, furnishing policies that address cancer, accidents, short-term disability, critical illness, and hospital stays. Additionally, it provides dental, vision, long-term care, disability, and both term and whole life insurance options. Aflac distributes its comprehensive suite of products through multiple channels, which include dedicated sales associates, independent brokers, various corporate and individual agencies, and affiliated agencies. Established in 1955, the company maintains its corporate headquarters in Columbus, Georgia.
- Sector
- Financial Services
- Industry
- Insurance - Life
- CEO
- Daniel Paul Amos