Headquarters: 1932 Wynnton Road
AFLAC is the leading provider of supplemental insurance, which provides help with expenses not covered by your major medical plan. The company is the number one provider of guaranteed-renewable insurance in the United States and Japan. Its products provide protection to more than 50 million people and go beyond traditional insurance by directly paying claimants with cash benefits.
AFLAC has more than 4,500 people working in the U.S. with over 74,000 licensed agents. It is the top insurance company in Japan based on total policies in force with one of every four households in the country. It covers more than 140,000 small businesses in Japan.
AFLAC offers insurance policies to more than 465,000 U.S. employer accounts.
In 2014, total revenues were $22.7 billion, a 5.1% decline, and net income was $3.0 billion. Revenues declined because of the weaker Japanese yen. AFLAC U.S. reported total new sales increased 0.7% in 2014 to $1.4 billion.
Total benefits and claims paid out in 2014 were $12.93 billion, a drop of 6.3 percent.
The company has assets over $119 billion at the end of 2014.
AFLAC is best known for its many TV commercials featuring a duck. The voice behind the duck was comedian Gilbert Gottfried, who was fired in March 2011 following jokes he made about the Japanese earthquake. Daniel McKeague, a TV ad sales manager from Minnesota, is now the voice of the Aflac Duck after winning a national contest in April 2011.
AFLAC is short for the American Family Life Insurance Company. It was founded on November 17, 1955 by three brothers, John, Paul, and Bill Amos. In its first year of operations, Aflac had 6,426 policyholders and $388,000 in assets. Aflac introduced one of the world's first cancer expense insurance policies in 1958.
Since the 1980s, Aflac has added coverage offerings such as accident/disability, short-term disability, hospital intensive care, hospital confinement indemnity, long-term care, specified health event, life, and dental.
AFLAC offers an open-door management philosophy, excellent benefits, competitive salaries, award-winning training and development classes along with advancement opportunities.
Aflac offers employees a 401(k) plan, with 50% matching up to 6% of their salaries (subject to IRS limitations), an employee stock purchase program, and other financial incentives. There is also the potential for year-end profit-sharing bonuses for all employees, and rewards for tenure and superior performance.
The company has the largest on-site child-care facilities in Georgia: Imagination Station and Imagination Station Too. Together, the facilities have capacity for 540 children.
The company was named one of the Best Companies to Work for in America by Fortune magazine for the 16th consecutive year.
Updated February 4, 2015