Insurance stocks can be a volatile play—with earnings hit by floods, wildfires, interest rates, and claims inflation. And then there’s Aflac (NYSE: AFL).
This conservative insurer that’s letting investors sleep at night is spinning off steady cash, hiking its dividend, buying back stock, and enjoying long-term appreciation. In fact, Aflac has raised its dividend for 44 consecutive years, and after a strong first quarter in 2026, the company shows no signs of stopping.