ALICO Japan
2010
$1.5B
Why
Aflac acquired the Japanese life insurance operations of AIG (ALICO) to significantly expand its market share, diversify its product offerings, and solidify its dominant position in the highly profitable Japanese insurance market.
Impact
The acquisition added over $3 billion in annual premiums to Aflac's top line and increased its market share in Japan, creating a massive, diversified book of business that included life, medical, and cancer insurance products.
Outcome
The integration was highly successful, allowing Aflac to cross-sell its products to ALICO's existing customer base and achieve significant cost synergies, making Aflac Japan the undisputed leader in the Japanese insurance market.