AFL vs. BRO: Aflac vs. Brown & Brown Stock Comparison
How do Aflac (AFL) and Brown & Brown (BRO) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Aflac (AFL) and Brown & Brown (BRO) both belong to the Insurance industry, though AFL is classified under Life & Health Insurance while BRO falls under Insurance Brokers.
| Profile Item | AFL | BRO |
|---|---|---|
| Name | Aflac Incorporated | Brown & Brown Inc. |
| Country/Region | United States | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Insurance | Insurance |
| GICS Industry | Insurance | Insurance |
| GICS Sub-Industry | Life & Health Insurance | Insurance Brokers |
| Market Capitalization | 61.36 billion USD | 23.92 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | March 17, 1980 | February 11, 1981 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | AFL | BRO |
|---|---|---|
| Total Return (1Y) | 12.21% | -8.59% |
| Total Return (3Y, Annualized) | 18.21% | 0.40% |
| Total Return (5Y, Annualized) | 20.06% | 3.19% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | AFL | BRO |
|---|---|---|
| Volatility (1Y, Annualized) | 17.13% | 32.50% |
| Beta (5Y) | 0.55 | 0.51 |
| Max Drawdown (5Y) | -19.86% | -55.85% |
| Avg. Volume (3M) | 1.93M | 2.25M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | AFL | BRO |
|---|---|---|
| Sharpe Ratio (1Y) | 0.46 | -0.40 |
| Sortino Ratio (1Y) | 0.68 | -0.57 |
Profitability
ROE (TTM)
Both Aflac (AFL) at 12.17% and Brown & Brown (BRO) at 9.80% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
AFL
Insurance industry group
12.17%
- Max
- 41.68%
- Q3
- 22.04%
- Median
- 14.81%
- AFL
- 12.17%
- Q1
- 8.79%
- Min
- -10.66%
BRO
Insurance industry group
9.80%
- Max
- 41.68%
- Q3
- 22.04%
- Median
- 14.81%
- BRO
- 9.80%
- Q1
- 8.79%
- Min
- -10.66%
Net Margin (TTM)
For every dollar of sales, both Aflac (AFL) at 21.24% and Brown & Brown (BRO) at 17.88% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
AFL
Insurance industry group
21.24%
- Max
- 29.92%
- AFL
- 21.24%
- Q3
- 17.03%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
BRO
Insurance industry group
17.88%
- Max
- 29.92%
- BRO
- 17.88%
- Q3
- 17.03%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Aflac (AFL) in Insurance and Brown & Brown (BRO) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | AFL | BRO |
|---|---|---|
| ROE (TTM) | 12.17% | 9.80% |
| ROA (TTM) | 2.39% | 3.89% |
| Net Margin (TTM) | 21.24% | 17.88% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Brown & Brown (BRO) at 22.49% sits in the top revenue growth quartile, while Aflac (AFL) at -9.27% is in the bottom quartile, showing a clear gap in revenue momentum.
EPS Growth
Brown & Brown (BRO) at -8.67% is around its peer norm for EPS growth, while Aflac (AFL) at -29.18% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | AFL | BRO |
|---|---|---|
| Revenue Growth (YoY) | -9.27% | 22.49% |
| Revenue Growth (3Y CAGR) | -3.23% | 17.38% |
| EPS Growth (YoY) | -29.18% | -8.67% |
| EPS Growth (3Y CAGR) | -0.53% | 10.06% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Aflac (AFL) in Insurance and Brown & Brown (BRO) in Insurance both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: Aflac (AFL) in Insurance and Brown & Brown (BRO) in Insurance run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | AFL | BRO |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Aflac (AFL) at 1.91% and Brown & Brown (BRO) at 0.89% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
AFL
Insurance industry group
1.91%
- Max
- 5.12%
- Q3
- 2.15%
- AFL
- 1.91%
- Median
- 0.98%
- Q1
- 0.00%
- Min
- 0.00%
BRO
Insurance industry group
0.89%
- Max
- 5.12%
- Q3
- 2.15%
- Median
- 0.98%
- BRO
- 0.89%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Aflac (AFL) at 35.18% and Brown & Brown (BRO) at 20.89% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
AFL
Insurance industry group
35.18%
- Max
- 76.67%
- AFL
- 35.18%
- Q3
- 35.18%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
BRO
Insurance industry group
20.89%
- Max
- 76.67%
- Q3
- 35.18%
- BRO
- 20.89%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | AFL | BRO |
|---|---|---|
| Dividend Yield (TTM) | 1.91% | 0.89% |
| Dividend Payout Ratio (TTM) | 35.18% | 20.89% |
Valuation
P/E Ratio (TTM)
Aflac (AFL) at 18.11 is near its industry’s usual P/E ratio, while Brown & Brown (BRO) at 22.82 sits in the richer quartile — BRO needs stronger growth or earnings quality to justify the premium.
AFL
Insurance industry group
18.11
- Max
- 28.37
- Q3
- 18.75
- AFL
- 18.11
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
BRO
Insurance industry group
22.82
- Max
- 28.37
- BRO
- 22.82
- Q3
- 18.75
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
P/S Ratio (TTM)
Both Aflac (AFL) at 3.70 and Brown & Brown (BRO) at 3.51 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.
AFL
Insurance industry group
3.70
- Max
- 4.03
- AFL
- 3.70
- Q3
- 2.25
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
BRO
Insurance industry group
3.51
- Max
- 4.03
- BRO
- 3.51
- Q3
- 2.25
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
P/B Ratio (MRQ)
On P/B ratio, both Aflac (AFL) at 2.10 and Brown & Brown (BRO) at 1.87 are valued close to their industries’ norm against book — neither stands out from peers.
AFL
Insurance industry group
2.10
- Max
- 5.07
- Q3
- 2.79
- AFL
- 2.10
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
BRO
Insurance industry group
1.87
- Max
- 5.07
- Q3
- 2.79
- BRO
- 1.87
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
Valuation Metrics
| Metric | AFL | BRO |
|---|---|---|
| P/E Ratio (TTM) | 18.11 | 22.82 |
| P/S Ratio (TTM) | 3.70 | 3.51 |
| P/B Ratio (MRQ) | 2.10 | 1.87 |
| Free Cash Flow Yield (TTM) | -- | -- |