An excellent dividend track record, solid balance sheet, nice operating model, good historical results, and bright forecasts for future growth makes the supplemental insurance giant worthy of your attention.
Aflac Inc. [NYSE: AFL] (American Family Life Assurance
Company) is an American general business holding company. The company, through
its subsidiaries, is involved in providing supplemental health and life
insurance products to more than 50 million people in the United States and
Japan.
Aflac is the leading provider of supplemental insurance at
the worksite in the United States, selling voluntary supplemental insurance
products for people who already have major medical or primary insurance
coverage.
It is the largest foreign insurance company in Japan,
insuring one in four households in Japan.
Aflac’s products include short-term disability, life
insurance, critical illness, hospital indemnity, cancer expense, dental,
accident, vision sickness and hospital intensive care, to mention a few.
The company pays cash benefits directly to the policyholders
when they have covered accident or illness. The company was founded in 1955 and
is headquartered in Columbus, Georgia.
The company’s stock is not known for extreme volatility
though the pandemic obviously was an exception. However, the company’s
performance during the contagion has been pretty decent.
Aflac’s employees have been allowed to work from home, the
company has increased benefits, not only for employees, but policyholders as
well, and has granted zero-interest loans to agents and agencies in the US and
Japan.
The company has been promoting virtual and digital sales,
and it has seen an upswing in demand for its products.
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