Aflac (ASX: AFL) — Company Overview, News & Financial Data
Aflac specializes in supplemental insurance products, providing financial protection mainly in Japan and the US.
Aflac
Aflac is a financial services company and provider of supplemental insurance in the United States and Japan. Founded in 1955 and headquartered in Columbus, Georgia, the company offers voluntary insurance policies designed to help policyholders pay out-of-pocket medical costs and daily living expenses not covered by primary health insurance. Its primary offerings include accident, cancer, critical illness, life, hospital indemnity, dental, and short-term disability coverage sold through employer workplace benefits and individual distribution channels. Aflac operates through two major reportable business segments: Aflac Japan and Aflac U.S., utilizing agency networks, corporate partnerships, and digital platforms.
Snapshot
Operations
Products and/or services of Aflac
- Japan Supplemental Cancer Insurance: Providing individual and group cancer insurance policies across Japan that pay direct benefits for diagnosis, hospitalization, and treatments, distributed through thousands of sales agencies, corporate partner representatives, and post office branches.
- Japan Medical and Health Policies: Delivering supplemental medical, nursing care, and rider insurance policies in Japan, offering cash benefits for surgical procedures, prolonged hospitalization, and eldercare needs to millions of individual policyholders nationwide.
- United States Accident Insurance: Underwriting voluntary accident insurance plans that pay cash benefits directly to policyholders for emergency room visits, ambulance transportation, physical therapy, and hospital stays resulting from covered accidental injuries.
- United States Critical Illness and Hospital Insurance: Offering supplemental policies that disburse lump-sum or daily cash payments upon diagnosis of specified conditions like heart attacks or strokes, helping policyholders cover out-of-pocket medical deductibles.
- United States Short-Term Disability Coverage: Supplying payroll-deducted workplace income protection policies that replace a portion of an employee's income when they are unable to work due to covered non-occupational sicknesses, injuries, or maternity leave.
- Employer Group Dental and Vision Solutions: Marketing group dental, vision, life, and absence management services to enterprise businesses, enabling employers to enhance employee benefit packages with routine care and supplemental catastrophic coverage options.
Aflac executive team
- Mr. Daniel Paul AmosChairman & CEO
- Mr. Virgil Raynard MillerPresident
- Mr. Max Kristian Broden C.F.A.Senior EVP & CFO
- Mr. Bradley Eugene Dyslin C.F.A.Executive VP, Global Chief Investment Officer & President of Aflac Global Investments
- Ms. Audrey Boone Tillman Esq.Senior EVP, & General Counsel
- Ms. Robin Littrell Blackmon CPA, CGMASVP of Financial Services & Chief Accounting Officer
- Mr. David A. YoungVice President of Capital Markets
- Mr. Bradley L. KnoxSenior VP & Counsel of Federal Relations
- Mr. Steven Kent BeaverExecutive Vice President & CFO
- Mr. Timothy L. Callahan CISM, CISSP, CRISCSenior VP & Chief Information Security Officer