• Aflac average price to free cash flow ratio for 2023 was 13.04, a 42.36% increase from 2022.
• Aflac average price to free cash flow ratio for 2022 was 9.16, a 46.09% increase from 2021.
• Aflac average price to free cash flow ratio for 2021 was 6.27, a 43.81% increase from 2020.

Price to free cash flow ratio can be defined as