AFL vs. MRSH: Aflac vs. Marsh & McLennan Stock Comparison
How do Aflac (AFL) and Marsh & McLennan (MRSH) 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 Marsh & McLennan (MRSH) both belong to the Insurance industry, though AFL is classified under Life & Health Insurance while MRSH falls under Insurance Brokers.
| Profile Item | AFL | MRSH |
|---|---|---|
| Name | Aflac Incorporated | Marsh & McLennan Companies, 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 | 97.39 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | March 17, 1980 | February 21, 1973 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | AFL | MRSH |
|---|---|---|
| Total Return (1Y) | 12.21% | 16.87% |
| Total Return (3Y, Annualized) | 18.21% | 3.11% |
| Total Return (5Y, Annualized) | 20.06% | 6.23% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | AFL | MRSH |
|---|---|---|
| Volatility (1Y, Annualized) | 17.13% | 26.15% |
| Beta (5Y) | 0.55 | 0.51 |
| Max Drawdown (5Y) | -19.86% | -34.36% |
| Avg. Volume (3M) | 1.93M | 2.43M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | AFL | MRSH |
|---|---|---|
| Sharpe Ratio (1Y) | 0.46 | 0.48 |
| Sortino Ratio (1Y) | 0.68 | 0.74 |
Profitability
ROE (TTM)
Marsh & McLennan (MRSH) at 27.24% sits in the top ROE quartile, while Aflac (AFL) at 12.17% is closer to the peer norm — stronger capital efficiency for MRSH.
AFL
Insurance industry group
12.17%
- Max
- 41.68%
- Q3
- 22.04%
- Median
- 14.81%
- AFL
- 12.17%
- Q1
- 8.79%
- Min
- -10.66%
MRSH
Insurance industry group
27.24%
- Max
- 41.68%
- MRSH
- 27.24%
- Q3
- 22.04%
- Median
- 14.81%
- Q1
- 8.79%
- Min
- -10.66%
Net Margin (TTM)
Aflac (AFL) at 21.24% retains a top-quartile share of revenue as profit, ahead of Marsh & McLennan (MRSH) at 14.20%, which keeps about the industry-typical share.
AFL
Insurance industry group
21.24%
- Max
- 29.92%
- AFL
- 21.24%
- Q3
- 17.03%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
MRSH
Insurance industry group
14.20%
- Max
- 29.92%
- Q3
- 17.03%
- MRSH
- 14.20%
- 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 Marsh & McLennan (MRSH) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | AFL | MRSH |
|---|---|---|
| ROE (TTM) | 12.17% | 27.24% |
| ROA (TTM) | 2.39% | 7.35% |
| Net Margin (TTM) | 21.24% | 14.20% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Marsh & McLennan (MRSH) at 10.32% is around its peer norm for revenue growth, while Aflac (AFL) at -9.27% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Marsh & McLennan (MRSH) at 3.06% 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 | MRSH |
|---|---|---|
| Revenue Growth (YoY) | -9.27% | 10.32% |
| Revenue Growth (3Y CAGR) | -3.23% | 9.20% |
| EPS Growth (YoY) | -29.18% | 3.06% |
| EPS Growth (3Y CAGR) | -0.53% | 11.75% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Aflac (AFL) in Insurance and Marsh & McLennan (MRSH) 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 Marsh & McLennan (MRSH) 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 | MRSH |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Aflac (AFL) at 1.91% and Marsh & McLennan (MRSH) at 1.80% 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%
MRSH
Insurance industry group
1.80%
- Max
- 5.12%
- Q3
- 2.15%
- MRSH
- 1.80%
- Median
- 0.98%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Aflac (AFL) at 35.18% pays out a band-typical share of earnings, while Marsh & McLennan (MRSH) at 44.14% distributes more than its industry norm — less retained, thinner cover.
AFL
Insurance industry group
35.18%
- Max
- 76.67%
- AFL
- 35.18%
- Q3
- 35.18%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
MRSH
Insurance industry group
44.14%
- Max
- 76.67%
- MRSH
- 44.14%
- Q3
- 35.18%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | AFL | MRSH |
|---|---|---|
| Dividend Yield (TTM) | 1.91% | 1.80% |
| Dividend Payout Ratio (TTM) | 35.18% | 44.14% |
Valuation
P/E Ratio (TTM)
Aflac (AFL) at 18.11 is near its industry’s usual P/E ratio, while Marsh & McLennan (MRSH) at 24.50 sits in the richer quartile — MRSH 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
MRSH
Insurance industry group
24.50
- Max
- 28.37
- MRSH
- 24.50
- Q3
- 18.75
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
P/S Ratio (TTM)
Both Aflac (AFL) at 3.70 and Marsh & McLennan (MRSH) at 3.42 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
MRSH
Insurance industry group
3.42
- Max
- 4.03
- MRSH
- 3.42
- Q3
- 2.25
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
P/B Ratio (MRQ)
Aflac (AFL) at 2.10 sits near its industry’s typical P/B ratio, while Marsh & McLennan (MRSH) at 6.64 prices above its benchmark range — MRSH looks rich relative to book.
AFL
Insurance industry group
2.10
- Max
- 5.07
- Q3
- 2.79
- AFL
- 2.10
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
MRSH
Insurance industry group
6.64
- MRSH
- 6.64
- Max
- 5.07
- Q3
- 2.79
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
Valuation Metrics
| Metric | AFL | MRSH |
|---|---|---|
| P/E Ratio (TTM) | 18.11 | 24.50 |
| P/S Ratio (TTM) | 3.70 | 3.42 |
| P/B Ratio (MRQ) | 2.10 | 6.64 |
| Free Cash Flow Yield (TTM) | -- | -- |