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AFLAC Headquarters:
1932 Wynnton Road Website: http://www.aflac.com AFLAC is the leading provider of supplemental insurance, which provides help with expenses not covered by your major medical plan. The company is the number one provider of guaranteed-renewable insurance in the United States and Japan. Its products provide protection to more than 40 million people and go beyond traditional insurance by directly paying claimants with cash benefits. The company is best known for its many TV commercials featuring a duck. The voice behind the duck was comedian Gilbert Gottfried, who was fired in March following jokes he made about the Japanese earthquake. Daniel McKeague, a TV ad sales manager from Minnesota, is now the voice of the Aflac Duck after winning a national contest in April. AFLAC has 74,300 licensed agents and is the top insurance company in Japan based on total policies in force. AFLAC offers insurance policies to more than 427,700 U.S. payroll groups. In 2010, total revenues were $20.7 billion, a 13.6% increase, and net income was $2.3 billion. Chairman and Chief Executive Officer Daniel Amos said: “Aflac had a very solid year from a financial perspective, despite ongoing challenges in the economic landscape. Our results were consistent with our guidance for the fourth quarter and the full year. Growth of operating earnings per diluted share was in line with our goal of a 9% to 12% increase before the impact of foreign currency. "Aflac Japan gets high marks for a great fourth quarter and year, following strong sales results in 2009. Our strategy of offering relevant products through an expanding distribution system contributed to sales results that exceeded our targets for two consecutive years. 2010 was the year of the bank channel, having secured buy-in from more than 90% of banks in Japan who’ve agreed to sell Aflac products. We have also customized our product portfolio to appeal to new market segments by enhancing the benefits of our existing product line. In addition, our Japanese operations continued to improve top-line growth throughout 2010, while the expansion of the profit margin also enhanced Aflac Japan's earnings growth." AFLAC has total assets of $88.2 billion. History AFLAC is short for the American Family Life Insurance Company. It was founded on November 17, 1955 by three brothers, John, Paul, and Bill Amos. In its first year of operations, Aflac had 6,426 policyholders and $388,000 in assets. Aflac introduced one of the world's first cancer expense insurance policies in 1958. Since the 1980s, Aflac has added coverage offerings such as accident/disability, short-term disability, hospital intensive care, hospital confinement indemnity, long-term care, specified health event, life, and dental. Benefits AFLAC offers an open-door management philosophy, excellent benefits, competitive salaries, award-winning training and development classes along with advancement opportunities. The company has the largest on-site child-care facilities in Georgia: Imagination Station and Imagination Station Too. Together, the facilities have capacity for 540 children. AFLAC was named one of the 100 Best Companies to Work For by Fortune magazine for the 13th year in a row. Updated April 27, 2011
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