¶ … financial position of Aflac Inc. And its competitor MetLife Inc. Aflac, http://www.aflac.com/, is a Fortune 500 company founded by John, Paul and Bill Amos in 1955. Aflac insures more than 50 million people worldwide. At year end 2010, Aflac had assets totaling more than $101 billion with annual revenues of more than $20.7 billion (Aflac Inc., 2012). I chose to write about Aflac for this assignment because of my interest in the insurance industry and my desire to learn more about it. This analysis of Aflac has helped me to gain familiarity with and a deeper understanding of insurance company financial operations.
This report analyzed financial statements for the year ending December 31, 2010 for both Aflac and MetLife. Financial statement data was taken from Aflac's "Year in Review" published by Thomson Reuters, http://thomson.mobular.net/thomson/7/3187/4452/document_0/YIR_2010.pdf as well as Aflac's cash flow statement by MarketWatch, http://www.marketwatch.com/investing/stock/afl/financials/cash-flow. MetLife financial data was taken from the company's "Annual Report," http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDE5MDc1fENoaWxkSUQ9NDMyMjQzfFR5cGU9MQ==&t=1.
This report reviewed Aflac's return on assets (ROA), a measurement used to determine how much profit a company generated for each dollar in assets. ROA measures a company's earnings in relation to all the resources at the...
Aflac, Inc.: Aflac Incorporated is a general business holding firm that serves as a management company in providing supplemental health and life insurance in the United States and Japan, the two largest insurance markets across the globe. The company supervises the operations of its two major subsidiaries in America and Japan that provide management services. As one of the leading firms in this industry, Aflac Inc. has insured more than
2 billion dollars with substantial space for growth within the next few years. Positioned against its top two competitors, Aflac is clearly the leader within the supplemental insurance industry. However, it is still behind overall insurance industry leaders such as Fidelity, Metlife, and other Fortune 500 companies. Overall, Aflac operates in a very niche specific industry, the accident and health insurance sector. By market cap they are double the size of
M2Global Technology Ltd. has a specific metric that determines CEO and managerial pay based upon a combination of financial returns, efficiency, and customer satisfaction. Stock options with restrictions that cannot be 'cashed out' for a number of years, or forms of equity that are dependant upon long-term goals also reduces the incentive for CEOs to quickly and artificially boost stock prices. They ensure that the CEO has a real, financial
Abstract A company’s most valuable asset is its people. Human resources refer to the people who comprise the organization. The practice of human resource management includes employee recruitment, hiring practices, employee development and retention, discipline, motivation, and to a degree, organizational culture and socialization. Human resource management also involves job or role definitions and clarifying hierarchies and relationships within an organizational structure. Ethical codes and codes of behavior may also be
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