Aflac Incorporated
name
Aflac Incorporated
id
AFL
summary
Aflac Inc. (American Family Life Assurance Company) is an American insurance company and is the largest provider of supplemental insurance in the United States. Founded in 1955 in Columbus, Georgia, it underwrites a wide range of insurance policies in the U.S. and is known for its payroll deduction insurance coverage, which pays cash benefits for covered accidents or illnesses. The company states it provides financial protection to more than 50 million people worldwide. Aflac acquired Continental American Insurance Company in 2009 for $100 million, enabling them to sell supplemental insurance on both individual and group platforms. As of 2012, it was represented by approximately 19,300 sales agencies in Japan and 76,900 licensed sales associates in the U.S. Aflac operates in the United States and Japan, with its worldwide headquarters in Columbus, Georgia. It is the largest provider of guaranteed-renewable insurance in the U.S. and the largest insurance company in Japan by individual insurance policies in force. Aflac offers various types of insurance policies in the U.S., including accident, cancer/specified disease, dental, and life insurance, among others. The company has been involved in corporate philanthropy, contributing over $100 million to childhood cancer research and treatment through a partnership with Children's Healthcare of Atlanta.
industry
Insurance
founded
November 17, 1955
headquarters
Columbus, Georgia, U.S.
key_people
Dan Amos (Chairman, CEO), Frederick J. Crawford (CFO)
revenue
US$19.5 billion (2022)
operating_income
US$4.60 billion (2022)
net_income
US$4.20 billion (2022)
total_assets
US$131 billion (2022)
total_equity
US$22.4 billion (2022)
number_of_employees
12,882 (2022)
website
aflac.com