Live Report · Updated January 21, 2026

NatWest vs Aflac

This page compares NatWest and Aflac, examining their business models, financial performance, and market context. It presents neutral, accessible analysis to help readers understand how each company operates, generates revenue, and positions itself within its sector, without endorsing any action. Educational content, not financial advice.

This page compares NatWest and Aflac, examining their business models, financial performance, and market context. It presents neutral, accessible analysis to help readers understand how each company o...

Comparison Snapshot

Key Financial Metrics

NWG

Metric

AFL

$69.96B

Market Cap

$57.26B

12.15%

Potential Profit

0.62%

Strong Buy

Analyst Rating

Hold

Why It's Moving

NatWest accelerates shareholder value with massive government share buyback and upbeat analyst upgrades.

Repurchased £1bn in shares from the UK government on recent trading days, reducing state ownership and boosting per-share value for investors.
JPMorgan lifted price target to GBX 750 from 730 with 'overweight' rating on January 20, highlighting 16% upside potential from current levels.
Completed 842,406-share buyback on January 14 at an average 630.97 GBp, part of ongoing program holding nearly 220 million shares in treasury.

Sentiment:

🐃Bullish

NatWest accelerates shareholder value with massive government share buyback and upbeat analyst upgrades.

Repurchased £1bn in shares from the UK government on recent trading days, reducing state ownership and boosting per-share value for investors.
JPMorgan lifted price target to GBX 750 from 730 with 'overweight' rating on January 20, highlighting 16% upside potential from current levels.
Completed 842,406-share buyback on January 14 at an average 630.97 GBp, part of ongoing program holding nearly 220 million shares in treasury.

Sentiment:

🐃Bullish

Investment Analysis

NatWest

NWG

Pros

NatWest Group reported strong Q3 2025 earnings, with EPS exceeding forecasts by over 24% and revenue surpassing expectations.
The bank's return on tangible equity reached 19.5%, reflecting robust profitability and efficient capital use.
NatWest has revised its full-year income guidance upwards and continues to focus on sustainable finance, aligning with long-term climate goals.

Considerations

NatWest's stock trades at a lower upside potential compared to sector peers, with analyst target upside below the sector average.
The bank faces ongoing regulatory scrutiny and macroeconomic risks related to UK interest rates and economic conditions.
Despite strong recent results, NatWest's price-to-book ratio is in line with sector averages, limiting valuation appeal.

Aflac

AFL

Pros

Aflac maintains a leading position in the US supplemental insurance market, supported by a strong brand and extensive distribution network.
The company consistently delivers high profit margins and a solid track record of dividend payments to shareholders.
Aflac benefits from a diversified business model, with a significant presence in Japan contributing to stable international earnings.

Considerations

Aflac's growth is constrained by a mature US insurance market, limiting opportunities for rapid expansion domestically.
The company is exposed to foreign exchange risk due to its substantial operations in Japan, which can impact reported earnings.
Aflac faces competitive pressures from other insurers and evolving regulatory requirements in both the US and Japan.

About The Companies

NatWest (NWG)

NatWest Group PLC (ticker: NWG) is a UK-focused banking group whose brands serve retail, commercial and private clients across the UK and Ireland. With a market capitalisation of about $57.7 billion, the bank earns most revenue from net interest income, fees and lending activity. Investors should note its exposure to UK economic cycles, interest-rate movements and credit risk, as well as ongoing regulatory and capital requirements. Recent strategic priorities include strengthening capital ratios, simplifying the business and investing in digital services. The stock may appeal to those seeking bank-sector exposure, but performance can vary with economic conditions; dividends depend on profitability and regulatory allowances. This summary is for educational purposes only and is not personal financial advice. Suitability depends on individual goals, time horizon and risk tolerance — consult a financial adviser before making decisions.

Aflac (AFL)

Aflac Inc. is a major player in the insurance world, providing financial protection to millions of people. The company's main business is offering supplemental health and life insurance, which is designed to help policyholders cover costs that their primary insurance might not. Aflac operates through two main segments: Aflac U.S. and Aflac Japan. Its presence in Japan is particularly noteworthy, where it stands as a leading provider of cancer and medical insurance policies. In the United States, its products serve as an extra layer of financial security for individuals who already have major medical coverage. This dual-market strategy has helped Aflac build a significant global footprint. As with any investment, it's important to remember that a company's past performance doesn't guarantee future returns, and the value of investments can go down as well as up.

NatWest (NWG) Next Earnings Date

NatWest Group's next earnings date is estimated for February 13, 2026. This report will cover the Q4 2025 results, following the pattern of prior-year releases in mid-February. The date remains unconfirmed by the company, aligning with historical quarterly cadences observed in recent filings.

NatWest (NWG) Next Earnings Date

NatWest Group's next earnings date is estimated for February 13, 2026. This report will cover the Q4 2025 results, following the pattern of prior-year releases in mid-February. The date remains unconfirmed by the company, aligning with historical quarterly cadences observed in recent filings.

Which Baskets Do They Appear In?

UK Banking Consolidation

Santander's £2.65 billion acquisition of TSB is reshaping the UK banking sector. This collection features companies positioned to benefit from this major consolidation, including direct competitors, potential M&A targets, and the investment banks facilitating these industry-changing deals.

Published: July 2, 2025

Explore Basket

European Financial Consolidation

BNP Paribas's acquisition of AXA Investment Managers could trigger a wave of mergers in European finance. These carefully selected stocks represent potential buyers and targets in banking, insurance, and asset management as the industry reshapes for the future.

Published: July 2, 2025

Explore Basket

Which Baskets Do They Appear In?

UK Banking Consolidation

Santander's £2.65 billion acquisition of TSB is reshaping the UK banking sector. This collection features companies positioned to benefit from this major consolidation, including direct competitors, potential M&A targets, and the investment banks facilitating these industry-changing deals.

Published: July 2, 2025

Explore Basket

European Financial Consolidation

BNP Paribas's acquisition of AXA Investment Managers could trigger a wave of mergers in European finance. These carefully selected stocks represent potential buyers and targets in banking, insurance, and asset management as the industry reshapes for the future.

Published: July 2, 2025

Explore Basket

Discover More Comparisons

NatWest vs MetLife

NatWest vs Truist

NatWest vs Manulife

NatWest vs Aflac

Comparison Snapshot

Why It's Moving

NatWest accelerates shareholder value with massive government share buyback and upbeat analyst upgrades.

NatWest accelerates shareholder value with massive government share buyback and upbeat analyst upgrades.