Looks like around 60% payout when discussing premium/payouts alone. Operating expenses eats into almost all the rest. Then they make money investing the float.

Looks like around 60% payout when discussing premium/payouts alone. Operating expenses eats into almost all the rest. Then they make money investing the float. https://www.alphaquery.com/stock/AFL/fundamentals/annual/combined-ratio https://www.alphaquery.com/stock/AFL/fundamentals/annual/com...