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Columbus, Georgia-based Aflac Incorporated (AFL) is a leading provider of supplemental health and life insurance, best known for its workplace insurance products that help cover expenses not paid by primary medical plans. Valued at a market cap of $59.5 billion, the company operates primarily in the United States and Japan, with Japan representing a major share of its revenue and earnings
This insurance company has lagged behind the broader market over the past 52 weeks. Shares of AFL have gained 9.5% over this time frame, while the broader S&P 500 Index ($SPX) has soared 12.2%. However, on a YTD basis, the stock is up 6.5%, compared to SPX’s marginal drop.