• Aflac average price/book ratio for 2023 was 1.99, a 30.92% increase from 2022.
• Aflac average price/book ratio for 2022 was 1.52, a 50.5% increase from 2021.
• Aflac average price/book ratio for 2021 was 1.01, a 26.25% increase from 2020.

Price/book ratio can be defined as