Aflac Incorporated – Company Information
Aflac Incorporated is one of America’s leading supplemental insurance providers. It is based in Columbus, Georgia, USA.
The company was founded in 1955 by three brothers called Paul, John, and William Amos, under the name “American Family Life Insurance Company of Columbus”.
It wasn’t until 1990 that the company began using the Aflac initials.
Aflac Incorporated is a multinational company, with business operations all around the world. It has a particularly significant market presence in the United States and Japan.
The company claims to be “the largest life insurer in Japan in terms of individual insurance policies in force insuring approximately one out of every four Japanese households.”
Aflac provides a wide range of insurance policies, including: Accident, Cancer / Specified Disease, Dental, Hospital Confinement Indemnity, Hospital Confinement Sickness Indemnity, Hospital Intensive Care, Life, Lump Sum Cancer, Lump Sum Cancer Critical Illness, Specified Health Event, Short Term Disability, Vision, and others.
- Chairman and CEO: Dan Amos
- Industry: Insurance
- Type: Public company
- Listed on the New York Stock Exchange (NYSE)
- NYSE stock symbol: AFL
- S&P 500 Component
- Founded: 1955
- Founders: John Amos, Paul Amos, and Bill Amos
- Revenue: $22.728 billion USD (2014)
- Net earnings: $2,951 million USD (2014)
- Earnings per share: $6.54 USD (2014)
- Company head office: Aflac Building Columbus, Georgia, USA
- Employees: 9,525 (2014)
- Website: http://www.aflac.com/
- Investor relations number: 1.800.235.2667
Aflac Incorporated Financial Results, Years Ended December 31
|Operating data (in $ millions)||2014||2013|
|Benefits and claims||$12,937||$13,813|
|Total acquisition and operating expenses||$5,300||$5,310|
|Earnings before income taxes||$4,491||$4,816|
|Balance sheet data (in $ millions)|
|Total Policy liabilities||$83,933||$89,402|
|Total stockholders’ equity||$18,347||$14,620|
|Common share data (in $)|
|Basic earnings per share||$6.54||$6.80|
|Diluted earnings per share||$6.50||$6.76|
Source: “Aflac Incorporated Form 10-K 2014”