Here's Why Investors Should Add Aflac Stock to Their Portfolio Now

Core Viewpoint - Aflac Incorporated (AFL) is positioned for growth due to a strong U.S. business, new product launches, upgrades, and increasing cash reserves [1] Financial Performance - Aflac has a Zacks Rank of 2 (Buy) and its stock has increased by 30.1% over the past six months, compared to the industry's growth of 33.1% [2] - The Zacks Consensus Estimate for Aflac's 2024 earnings is $7.27 per share, reflecting a growth of 16.7% year-over-year, with a revised estimate up by 6.4% in the last 30 days [3] Key Growth Drivers - Aflac's revenue growth is supported by strong sales in the U.S. and Japan, driven by strategic investments, high persistency rates, and improved productivity [4] - The company is launching new products and upgrading existing ones to meet customer needs, including a partnership with SKYGEN for enhanced dental and vision benefits management [5] - Aflac's Japan unit launched Tsumitasu, targeting young and middle-aged customers, contributing to a 12.3% increase in third-quarter sales [6] Digital Transformation - Aflac is integrating digital solutions into its offerings, improving operational efficiencies and facilitating a shift to digital sales channels, which supports profit margins [7] Financial Stability - Aflac's financial position is strong, with cash and cash equivalents increasing by 30.2% as of September 30, 2024, and operating cash flows of $2.4 billion generated in the first nine months of 2024 [8]