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Aflac（AFL）与OCTAVE SPECIALTY GROUP INC（OSG）财务数据对比。点击上方公司名可切换其他公司
Aflac的季度营收约是OCTAVE SPECIALTY GROUP INC的121.0倍（$4.9B vs $40.2M）。Aflac净利率更高（28.3% vs -73.8%，领先102.1%）。OCTAVE SPECIALTY GROUP INC同比增速更快（5.8% vs -10.0%）。过去两年OCTAVE SPECIALTY GROUP INC的营收复合增速更高（50.6% vs -5.4%）
Aflac是美国知名保险企业，也是美国最大的补充保险提供商，成立于1955年，总部位于佐治亚州哥伦布市。公司在美国推出多类保险产品，其中薪资抵扣型保险服务知名度较高，参保人遭遇保障范围内的意外或疾病时可获现金赔付，目前已为全球超5000万用户提供财务保障。
奥克塔夫专业集团是一家专业保险控股企业，主营定制化财产与意外伤害保险产品，核心业务聚焦超额剩余保险领域，为北美地区的商业及个人客户提供定制化风险保障解决方案。
AFL vs OSG — 直观对比
营收规模更大
AFL
是对方的121.0倍
$40.2M
营收增速更快
OSG
高出15.8%
-10.0%
净利率更高
AFL
高出102.1%
-73.8%
两年增速更快
OSG
近两年复合增速
-5.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $40.2M |
| 净利润 | $1.4B | $-29.7M |
| 毛利率 | — | — |
| 营业利润率 | 32.3% | -76.7% |
| 净利率 | 28.3% | -73.8% |
| 营收同比 | -10.0% | 5.8% |
| 净利润同比 | -27.5% | -41.7% |
| 每股收益（稀释后） | $2.58 | $-0.82 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AFLOSG
| Q4 25 | $4.9B | $40.2M | ||
| Q3 25 | $4.7B | $36.1M | ||
| Q2 25 | $4.2B | $30.3M | ||
| Q1 25 | $3.4B | $36.8M | ||
| Q4 24 | $5.4B | $38.0M | ||
| Q3 24 | $2.9B | $23.1M | ||
| Q2 24 | $5.1B | $13.2M | ||
| Q1 24 | $5.4B | $17.7M |
净利润AFLOSG
| Q4 25 | $1.4B | $-29.7M | ||
| Q3 25 | $1.6B | $-112.6M | ||
| Q2 25 | $599.0M | $-72.7M | ||
| Q1 25 | $29.0M | $-44.7M | ||
| Q4 24 | $1.9B | $-20.9M | ||
| Q3 24 | $-93.0M | $-27.5M | ||
| Q2 24 | $1.8B | $-750.0K | ||
| Q1 24 | $1.9B | $20.8M |
营业利润率AFLOSG
| Q4 25 | 32.3% | -76.7% | ||
| Q3 25 | 42.1% | -89.0% | ||
| Q2 25 | 19.8% | -75.8% | ||
| Q1 25 | 4.3% | -41.1% | ||
| Q4 24 | 39.5% | -55.5% | ||
| Q3 24 | 3.1% | -90.0% | ||
| Q2 24 | 39.3% | -111.6% | ||
| Q1 24 | 39.9% | -18.3% |
净利率AFLOSG
| Q4 25 | 28.3% | -73.8% | ||
| Q3 25 | 34.6% | -312.3% | ||
| Q2 25 | 14.4% | -239.8% | ||
| Q1 25 | 0.9% | -121.7% | ||
| Q4 24 | 35.2% | -55.1% | ||
| Q3 24 | -3.2% | -119.2% | ||
| Q2 24 | 34.2% | -5.7% | ||
| Q1 24 | 34.6% | 117.2% |
每股收益（稀释后）AFLOSG
| Q4 25 | $2.58 | $-0.82 | ||
| Q3 25 | $3.08 | $-2.35 | ||
| Q2 25 | $1.11 | $-1.54 | ||
| Q1 25 | $0.05 | $-1.22 | ||
| Q4 24 | $3.45 | $-11.75 | ||
| Q3 24 | $-0.17 | $-0.63 | ||
| Q2 24 | $3.10 | $-0.02 | ||
| Q1 24 | $3.25 | $0.44 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $6.2B | $146.4M |
| 总债务越低越好 | — | $117.6M |
| 股东权益账面价值 | $29.5B | $715.8M |
| 总资产 | $116.5B | $2.2B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资AFLOSG
| Q4 25 | $6.2B | $146.4M | ||
| Q3 25 | $6.8B | $27.5M | ||
| Q2 25 | $7.0B | $22.5M | ||
| Q1 25 | $5.2B | $34.1M | ||
| Q4 24 | $6.2B | $157.2M | ||
| Q3 24 | $5.6B | $40.8M | ||
| Q2 24 | $6.1B | $14.6M | ||
| Q1 24 | $5.1B | $13.8M |
总债务AFLOSG
| Q4 25 | — | $117.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $518.0M | ||
| Q2 24 | — | $515.0M | ||
| Q1 24 | — | $512.0M |
股东权益AFLOSG
| Q4 25 | $29.5B | $715.8M | ||
| Q3 25 | $28.7B | $843.4M | ||
| Q2 25 | $27.2B | $859.8M | ||
| Q1 25 | $26.3B | $852.2M | ||
| Q4 24 | $26.1B | $798.4M | ||
| Q3 24 | $24.8B | $1.5B | ||
| Q2 24 | $26.0B | $1.4B | ||
| Q1 24 | $23.5B | $1.4B |
总资产AFLOSG
| Q4 25 | $116.5B | $2.2B | ||
| Q3 25 | $122.3B | $2.1B | ||
| Q2 25 | $124.7B | $8.5B | ||
| Q1 25 | $120.3B | $8.3B | ||
| Q4 24 | $117.6B | $8.1B | ||
| Q3 24 | $128.4B | $9.3B | ||
| Q2 24 | $120.2B | $8.2B | ||
| Q1 24 | $124.7B | $8.4B |
负债/权益比AFLOSG
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.38× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $315.0M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.23× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AFLOSG
| Q4 25 | $315.0M | — | ||
| Q3 25 | $1.3B | $-41.2M | ||
| Q2 25 | $399.0M | $2.1M | ||
| Q1 25 | $589.0M | $-12.6M | ||
| Q4 24 | $333.0M | — | ||
| Q3 24 | $1.3B | $48.9M | ||
| Q2 24 | $255.0M | $20.4M | ||
| Q1 24 | $849.0M | $7.1M |
现金转化率AFLOSG
| Q4 25 | 0.23× | — | ||
| Q3 25 | 0.76× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 20.31× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.45× | 0.34× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AFL
| Aflac Japan | $2.3B | 47% |
| Aflac US | $1.7B | 35% |
| Other | $862.0M | 18% |
OSG
| Specialty Property Casualty Program | $23.1M | 57% |
| Accident Health | $9.6M | 24% |
| Specialty Automobile | $3.1M | 8% |
| Niche Specialty Risks | $2.4M | 6% |
| Other | $2.0M | 5% |
