• Aflac average price to free cash flow ratio for 2023 was 12.74, a 39.85% increase from 2022.
• Aflac average price to free cash flow ratio for 2022 was 9.11, a 45.76% increase from 2021.
• Aflac average price to free cash flow ratio for 2021 was 6.25, a 44.01% increase from 2020.

Price to free cash flow ratio can be defined as