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Aflac vs Principal Financial: revenue, profit, margins and growth compared

Aflac brought in $17.2B of revenue in fiscal 2025, Principal Financial $15.6B in fiscal 2025. Revenue changed by -9.3% at Aflac and -3.1% at Principal Financial on the year before, so Principal Financial grew faster. Aflac kept 21.2% of its revenue as net profit, Principal Financial 7.6%.

Side by side, latest fiscal year

AFLPFG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$17.2B$15.6B
Revenue growth-9.3%-3.1%
Net income$3.6B$1.2B
Net margin21.2%7.6%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)$6.82$5.25
Cash$6.2B$4.4B
Debt$8.4B$3.9B
Price to earnings16.721.9
Market value$57B$24.6B
Dividend yield2.07%2.68%
Rank by revenue in sector#38 of 444 · Finance#41 of 444 · Finance

Over the years

Revenue
AFL FY2018: $21.8BAFL FY2019: $22.3BAFL FY2020: $22.1BAFL FY2021: $21.6BAFL FY2022: $19.1BAFL FY2023: $18.7BAFL FY2024: $18.9BAFL FY2025: $17.2BPFG FY2018: $14.2BPFG FY2019: $16.2BPFG FY2020: $14.7BPFG FY2021: $14.4BPFG FY2022: $17.5BPFG FY2023: $13.7BPFG FY2024: $16.1BPFG FY2025: $15.6BFY18FY19FY20FY21FY22FY23FY24FY25
AFL $17.2BPFG $15.6B
Net income
AFL FY2018: $2.9BAFL FY2019: $3.3BAFL FY2020: $4.8BAFL FY2021: $4.2BAFL FY2022: $4.4BAFL FY2023: $4.7BAFL FY2024: $5.4BAFL FY2025: $3.6BPFG FY2018: $1.5BPFG FY2019: $1.4BPFG FY2020: $1.4BPFG FY2021: $1.6BPFG FY2022: $4.8BPFG FY2023: $623.2MPFG FY2024: $1.6BPFG FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
AFL $3.6BPFG $1.2B
Net margin
AFL FY2018: 13.4%AFL FY2019: 14.8%AFL FY2020: 21.6%AFL FY2021: 19.6%AFL FY2022: 23.1%AFL FY2023: 24.9%AFL FY2024: 28.8%AFL FY2025: 21.2%PFG FY2018: 10.9%PFG FY2019: 8.6%PFG FY2020: 9.5%PFG FY2021: 11.0%PFG FY2022: 27.1%PFG FY2023: 4.6%PFG FY2024: 9.7%PFG FY2025: 7.6%FY18FY19FY20FY21FY22FY23FY24FY25
AFL 21.2%PFG 7.6%
Revenue growth
AFL FY2019: +2.5%AFL FY2020: -0.7%AFL FY2021: -2.7%AFL FY2022: -11.2%AFL FY2023: -2.3%AFL FY2024: +1.2%AFL FY2025: -9.3%PFG FY2019: +13.9%PFG FY2020: -9.1%PFG FY2021: -2.1%PFG FY2022: +21.5%PFG FY2023: -22.1%PFG FY2024: +18.0%PFG FY2025: -3.1%FY19FY20FY21FY22FY23FY24FY25
AFL -9.3%PFG -3.1%

Fiscal years as each company reports them; the two may end in different months.

Questions about Aflac and Principal Financial

Which is bigger by revenue, Aflac or Principal Financial?

Aflac is bigger by revenue: $17.2B in fiscal 2025, against $15.6B for Principal Financial in fiscal 2025.

Which keeps more of its revenue as profit, Aflac or Principal Financial?

Aflac had a net margin of 21.2% in fiscal 2025; Principal Financial had 7.6% in fiscal 2025.

Which grew revenue faster, Aflac or Principal Financial?

In their latest fiscal years revenue changed by -9.3% at Aflac and -3.1% at Principal Financial.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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