Monday, May 21, 2018

Aflac Inc is a highly profitable insurance company with bright prospects and trading on a PE of just 13

Aflac is an insurer selling supplemental insurance policies for things such as workplace injuries and illness. It’s a consistently profitable company with a very healthy combined ratio of 96% meaning the cost of claims only amounts to 96% of the premiums. Additionally, the company is receiving nice boosts from rising interest rates, new tax legislation and with recent healthy performance in the stock market there are estimated to be about c.$700 million of undisclosed unrealised market gains.

Despite this the company trades on a lowly TTM PE of just 13 with consensus forecasts pointing to future annual growth of 11%.

This post is not a recommendation to buy or sell any security or derivative. Stocks are not suitable for all investors. Please do your own research.



Submitted May 21, 2018 at 02:41PM by InterestingNews1 https://ift.tt/2KKZ8v5

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