What is Aflac?
Aflac Incorporated is a supplemental health and life insurer based in Columbus, Georgia. It operates through two reporting segments: Aflac Japan and Aflac U.S. The company earns premiums from insurance policies and investment income from assets held to support policy obligations.
Who founded Aflac?
Principal founder John Amos and his brothers Paul and Bill founded American Family Life Insurance Company of Columbus on November 17, 1955. Aflac's official history says the business started in a six-room downtown Columbus complex with 16 employees and 60 agents. It introduced a cancer policy in 1957 and began selling cancer insurance at worksites in 1964.
How did Aflac expand?
In 1974, Aflac entered Japan and its parent listed on the New York Stock Exchange under ticker AFL. The company adopted the AFLAC acronym in 1989. Daniel P. Amos became CEO in 1990 and launched the Aflac Duck campaign in 2000. Aflac converted its Japan branch into Aflac Life Insurance Japan Ltd. in 2018.
How does Aflac make money?
Aflac Japan sells cancer, medical, nursing care, and life products through agencies and distribution partners. Aflac U.S. sells supplemental health products through worksites, agents, and brokers and has expanded into group life, disability, dental, and vision. Aflac acquired Continental American Insurance Company for $100 million in 2009, Argus Holdings in 2019, and Zurich North America's U.S. Corporate Life and Pensions business in 2020.
Aflac revenue and net income
For FY2025, Aflac reported $17.164 billion in total revenues and $3.646 billion in net earnings. The company's SEC data confirms annual revenue and net-income figures for 2016 through 2025. Reported results can vary with investment gains and losses and translation of yen-denominated results into U.S. dollars.
Who is Aflac's CEO?
Daniel P. Amos is chairman and chief executive officer. He became CEO in 1990 and chairman in 2001. Aflac's management page says he previously served as president and chief operating officer.
What are Aflac's main risks?
Aflac's FY2025 Form 10-K identifies concentration in Japan, yen-dollar exchange rates, credit and interest-rate exposure, claims experience, regulation, competition, technology execution, and litigation among its risks.
