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 70,000 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 427,700 U.S. payroll groups.
In 2011, total revenues were $22.2 billion, a 6.9% increase, and net income was $2.0 billion.
Chairman and Chief Executive Officer Daniel Amos said: “Aflac had another strong year. Growth of operating earnings per diluted share was in line with our goal of an 8% increase before the impact of foreign currency. That result was also consistent with guidance we provided when we released third quarter results. We had conveyed in the third quarter that following nine months of restrained expenditures, we planned to increase spending on IT and marketing initiatives in the fourth quarter to strengthen our business, and that’s exactly what we did. I am pleased that 2011 marked the 22nd consecutive year in which we achieved our earnings objective."
“Aflac Japan gets high marks for another great quarter and year. The tremendous sales momentum they generated this quarter, largely propelled by success in selling through banks, significantly exceeded our expectations for the year and especially for the quarter. In fact, Aflac Japan’s fourth quarter production set an all-time quarterly record, which is especially remarkable considering 2011 was the year Japan was hit with the most devastating natural disaster in its history."
The company has assets over $117 billion.
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 14th consecutive year.
Updated October 20, 2012