Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

More Galleries
Five most expensive cars sold at Pebble Beach These classic cars went for seven figure sums at the world's premier classic car event. More
Seats that move! Rain! Movie-watching goes beyond 3D How can movie theaters compete when many prefer to watch streaming video from their own comfy couches? Some hope a new interactive technology will lure audiences with immersive effects. More
15 cool cars for sale at Pebble Beach While these events are best known for seven-figure classics, just about everything crosses the block at Pebble Beach. More

Special Offer
4 of 6
BACK NEXT
Aflac Inc.
Aflac Inc.
Market capitalization: $32.1 billion
Write-offs since 2005: 1%
Debt to capital ratio: 14%

You've seen the commercials, but you may not have realized that the life and health insurance company with the hit ad campaign is a hot buy for investors.

The stock is up more than 45% with earnings up 20% since the beginning of 2007, showing rapid growth even as the economy has sputtered. That's because the company has a large amount of business abroad, especially in Japan. So Aflac has benefited from the dollar's weakness.

"Aflac has quite a few things going for them in their favor," said Check Capital Management chief investment officer Steve Check who runs a mutual fund with Aflac as its second-largest holding. "They have an exceptional return on equity and they keep on buying back stock, so there's not a whole lot not to like."

The shares trade at 16.6 times 2008 earnings estimates, which is a bit more expensive than other life insurance companies like Progressive, Assurant and Torchmark. But because the company has fared so well, it still looks like a good buy.

"It's a sold holding, but it's not super cheap," said Check. "But still, you can't go too wrong. For a superior company like this, it's probably not priced too high."

NEXT: Bank of Oklahoma Financial Corp.
Last updated June 04 2008: 1:46 PM ET
Source: Thomson Baseline