- This article compares the profitability and valuation of two top North American insurers, Aflac and Prudential, over the past 20 years and projects the next 10.
- Of the two, Aflac looks like the profitability "tortoise" while Prudential looks like a relative "hare." Aflac's dividend growth is steadier and backed by higher quality earnings.
- Even though Aflac trades at more than double the valuation multiples as Prudential, it seems well worth this higher multiple for its higher quality financial performance.
- In terms of the two insurers' logos, my conclusion is to "own the duck, not the rock."
For further details see:
Aflac Vs. Prudential: Own The Duck, Not The Rock