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Aflac Inc. (NYSE: AFL) is a globally recognized insurance company providing supplemental health and life insurance solutions across the United States and Japan. Established over 68 years ago, Aflac has been at the forefront of offering financial protection and peace of mind to millions of policyholders. The company's product portfolio includes cancer policies, accident insurance, dental and vision coverage, disability, and long-term care insurance.
In the United States, Aflac is the leading provider of supplemental health insurance products, reaching over 50 million people worldwide. In Japan, Aflac Life Insurance Japan holds the top position for cancer and medical insurance in terms of policies in force. The company operates through two main segments: Aflac U.S. and Aflac Japan, with the latter generating the majority of its revenue.
Aflac's innovative approach extends beyond traditional insurance. The company utilizes independent distributors to market its products, often selling directly to consumers at their workplaces, and leveraging digital mediums to reach a broader audience. The wide array of products available helps businesses of all sizes offer their employees comprehensive benefits, enhancing employee satisfaction without incurring direct costs to the employers.
Recent achievements highlight Aflac's commitment to growth and innovation. Aflac Global Investments has expanded its portfolio by acquiring a 40% stake in Tree Line Capital Partners, enhancing its capabilities in middle-market direct lending. Additionally, Aflac's strategic partnership with Nayya aims to revolutionize the claims experience for customers by integrating advanced data analytics and personalized digital benefits guidance.
The company's financial health is robust, with first-quarter 2024 revenues reported at $5.4 billion, reflecting a substantial increase from $4.8 billion in the first quarter of 2023. Net earnings also saw a significant rise to $1.9 billion, driven by net investment gains and strategic financial management.
Aflac's dedication to corporate social responsibility and sustainability is evident through its numerous accolades. The company has been recognized as one of the World's Most Ethical Companies by Ethisphere for 18 consecutive years and included in Fortune's World's Most Admired Companies for 23 years. Aflac's philanthropic efforts include the My Special Aflac Duck program, providing comfort to pediatric cancer patients, and significant contributions to cancer research and treatment.
For more information on Aflac's products, services, and ongoing initiatives, visit aflac.com.
AM Best has assigned a Long-Term Issue Credit Rating of “a-” to Aflac's newly issued $400 million senior unsecured notes, with a 1.125% interest rate due March 15, 2026. This marks Aflac's first issuance under its sustainability initiative, focusing on funding projects aligned with environmental, social, and governance (ESG) criteria. The proceeds aim to finance renewable energy, green buildings, and social mobility programs. The company maintains strong liquidity, with $5 billion in cash and equivalents at year-end 2020, and a stable financial leverage of approximately 20%.
Aflac Incorporated (NYSE: AFL) announced that President and COO Frederick J. Crawford will participate in a panel discussion at the 2021 RBC Capital Markets Global Financials Conference on March 10, 2021, at 8:00 a.m. ET. The discussion will focus on the financial sector's role in promoting sustainability. The event will be webcast live, and a replay will be available for up to one year. Aflac helps protect over 50 million people and is recognized as a leader in supplemental insurance, particularly in Japan.
Aflac Global Investments has partnered with Sound Point Capital Management to establish a new asset management business focused on the real estate loan market. An initial $1.5 billion has been allocated to the Sound Point Commercial Real Estate Finance, LLC, with $500 million set aside for transitional debt financing in Qualified Opportunity Zones. Aflac will hold a 9.9% minority interest with potential for growth. This partnership aligns with Aflac's strategy to enhance value and supports economically distressed communities, reflecting its commitment to responsible investing.
Aflac Incorporated (NYSE: AFL) announced that Executive Vice President and Chief Financial Officer Max K. Brodén will participate in a fireside chat at the Raymond James 42nd Annual Institutional Investors Conference on March 3, 2021, at 8:20 a.m. ET. The discussion will focus on the company’s outlook and strategy in the U.S. and Japanese insurance markets. Interested parties can access the webcast here.
A replay will be available for one year post-presentation.
Aflac, a top supplemental insurance provider, has been recognized for the 15th consecutive year as one of the World's Most Ethical Companies by Ethisphere. This achievement highlights Aflac's commitment to ethical business practices, especially in light of challenges posed by the global pandemic and social justice issues in 2020. The recognition reflects Aflac's strong environmental, social, and governance (ESG) programs and its dedication to fairness and dignity for all stakeholders. Aflac continues to lead the insurance sector in prioritizing ethics and integrity.
Aflac Incorporated (NYSE: AFL) has announced that President and COO Frederick J. Crawford will participate in a fireside chat at the Credit Suisse 22nd Annual Financial Services Forum on February 24, 2021, at 10:30 a.m. ET. The discussion will focus on the company’s outlook and strategy in the U.S. and Japanese insurance markets.
The event will be webcast live, with a replay available for one year after.
Aflac Incorporated (NYSE: AFL) will present at the Bank of America Securities 2021 Insurance Conference on February 11, 2021, at 8:00 a.m. ET. Chairman and CEO Daniel P. Amos will discuss the company's performance and future strategy in the U.S. and Japanese insurance markets. The presentation will be webcast live and available for replay afterwards.
Aflac, a Fortune 500 company, provides supplemental insurance to over 50 million people, focusing on financial protection during health crises.
Equifax has appointed Audrey Boone Tillman, Executive VP and General Counsel at Aflac, to its board of directors. This decision, announced on February 3, 2021, aims to leverage Tillman's extensive experience in legal, compliance, and human resources to enhance Equifax's strategic growth. CEO Mark W. Begor expressed confidence that her expertise will support the company’s investment in cloud data and innovation. Tillman, who joined Aflac in 1996 and has played a pivotal role in its expansion, has received numerous accolades for her leadership.
Aflac Incorporated (NYSE: AFL) reported its Q4 2020 results, revealing total revenues of $5.9 billion, up from $5.6 billion in Q4 2019. Net earnings reached $951 million ($1.35 per share), driven by a rise in net investment gains, notably a pretax gain of $268 million. For the full year, revenues decreased by 0.7% to $22.1 billion. Aflac Japan's net premium income fell 3.5% due to pandemic impacts, while U.S. net premium income decreased 2.3%. The board declared a quarterly dividend of $0.33, marking a 17.9% increase. Aflac anticipates continued challenges from pandemic conditions into the first half of 2021.
Aflac Incorporated, a leading supplemental insurance provider, has earned significant accolades for gender equality and corporate responsibility. Recognized as a World's Most Admired Company by Fortune for the 20th year and for its inclusion on Bloomberg's Gender-Equality Index for the second consecutive year, Aflac has demonstrated a commitment to diversity. The company also achieved a 15-point increase in the Human Rights Campaign's Corporate Equality Index score, reflecting its dedication to social initiatives. Nearly 50% of Aflac's U.S. workforce are minorities, with 66% being women.
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