This supplementary insurance company is one of the long-term leaders in this sector and its products are very popular not only on the domestic market but also abroad. Its financial health is underpinned by attractive fundamentals such as a P/E ratio of 15.11, indicating a reasonable valuation relative to earnings, and a return on equity (ROE) of 15.81%. Meanwhile, dividends play a key role in the company's approach to shareholder returns, with the current dividend yield at 2.28%, while the payout ratio remains at a conservative 27.72%.

Despite challenges such as currency fluctuations, the company has been able to increase adjusted earnings per share by 17.4% year-on-year. The strong results are also underpinned by efficient capital utilisation, as evidenced by the ROIC ratio of 16.13%. The consistent dividend increases over more than 40 years have made this a highly valued title in the eyes of long-term investors.

Company performance

Aflac $AFL (American Family Life Assurance Company) is…