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Aflac AFL Dental/Vision — Benefits and Expenses

Discontinued — last reported Q1 '23

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Other financials

Income statement

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Revenue$4.3B+27.9%
Net income$1.0B+3,414%
EPS (diluted)$1.98+3,860%

Balance sheet

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Cash & equivalents$5.7B+8.1%
Total debt$8.0B+1.8%
Total equity$30.0B+13.8%
Total assets$116.28B-3.3%

Cash flow

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Operating cash flow$968.0M+64.3%

Valuation

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Market cap$58.77B-6.9%
Enterprise value$61.11B-7.0%
P/E12.7×-4.9×
P/S3.2×-0.5×

Profitability

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Net margin25.6%+4.3pp

Returns & leverage

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Return on equity16.5%+2.1pp
Debt / equity0.3×0.0×

Where this comes from

Reported directly by Aflac in its filing.

Tagged under the XBRL concept afl:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitDiscountedBeforeReinsurance.

The official record: Aflac’s 10-Q, filed May 1, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Aflac's dental/vision — benefits and expenses?
Aflac (AFL) reported dental/vision — benefits and expenses of $494M in Q1 2023.
What does dental/vision — benefits and expenses mean?
The total costs incurred by the Dental and Vision segment, including insurance claims and operating expenses.
How do you interpret dental/vision — benefits and expenses?
A lower ratio of benefits and expenses relative to premiums earned indicates higher underwriting profitability and operational efficiency.
How does dental/vision — benefits and expenses compare across companies?
Directly comparable to 'benefits and expenses' or 'underwriting costs' reported by peer insurance companies for similar supplemental health segments.