Aflac Inc
AFLCompany Overview
Aflac, Inc. is a holding company, which engages in the provision of financial protection services. It operates through the following segments: Aflac Japan and Aflac U.S. The Aflac Japan segment offers life insurance, death benefits, and cash surrender values. The Aflac U.S. segment sells voluntary supplemental insurance products for people who already have major medical or primary insurance coverage. The company was founded by John Amos, Paul Amos and William Amos on November 17, 1955 and is headquartered in Columbus, GA.
Country
US
Market Cap
$45.83B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
24.33%
failed
Liabilities Compliance
16.06%
passed
Final Shariah Status
Failed
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Stock Information
| Name | Aflac Inc |
| Ticker | AFL |
| Main Business | Insurance—Life |
| Type | Common Stock |
| Industry | Insurance—Life |
| Country | US |
| Market Cap | $45.83 B |
Shariah Analysis Breakdown
Business compliance Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Cancer | $4,790.0 | $0.0 | - |
| Adjusted net investment income | $3,420.0 | $3,420.0 | investment |
| Medical and other health | $2,780.0 | $0.0 | - |
| Life insurance | $2,350.0 | $2,350.0 | insurance |
| Critical care | $1,750.0 | $0.0 | - |
| Accident | $1,310.0 | $0.0 | - |
| Disability | $1,170.0 | $0.0 | - |
| Hospital indemnity | $722.0 | $0.0 | - |
| Other | $701.0 | $0.0 | - |
| Net investment gains (losses) | $497.0 | $497.0 | investment |
| Interest income | $0.0 | $0.0 | - |
| Total | $19,490.0 | $6,267.0 | 24.33% (failed) |
Liabilities Compliance Breakdown
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| long term debt and capital lease obligation non current | $7,360,000,000.0 | 16.06% |
| Total Interest-Bearing Debt | $7,360,000,000.0 | 16.06% |
| Market Capitalization | $45,831,225,000.0 | 100.00% |
| Compliance Status | Threshold: 33% | passed |