Tuesday, March 15, 2016

Aflac - insurance company US

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Aflac Incorporated (American Family Life Assurance Company) is an American insurance company and is the largest provider of supplemental insurance in the United States,[3] founded in 1955 and based in Columbus, Georgia. In the U.S., Aflac underwrites a wide range of insurance policies, but is perhaps more known for its payroll deduction insurance coverage, which pays cash benefits when a policyholder has a covered accident or illness. The company states it "provides financial protection to more than 50 million people worldwide.
In 2009, Aflac acquired Continental American Insurance Company for $100 million;[5] this enabled Aflac to sell supplemental insurance on both the individual and group platform .[6] As of June 30, 2012, Aflac was represented by approximately 19,300 sales agencies in Japan, and 76,900 licensed sales associates in the U.S.[7]

Business

Aflac operates in the United States and Japan, and has its worldwide headquarters and corporate offices in an eighteen story tower just east of Downtown Columbus, Georgia in an area known as MidTown. The Aflac tower is the tallest building in the city. As of June 30, 2015, the corporation's total assets were more than $103 billion, and the company insured more than 50 million people worldwide.[10]
Aflac is the largest provider of guaranteed-renewable insurance in the United States and the largest insurance company overall in Japan, when measured by individual insurance policies in force.[11] Aflac launched a campaign in 2001 to promote their first accident policy in Japan, which The Wall Street Journal rated as one of the "ten most effective campaigns of 2000."
The company now offers several types of insurance policies in the United States, including the following:
  • 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
Aflac also offers un-reimbursed medical, dependent day-care, and transportation flexible spending accounts. The company also offers human resources services for HIPAA and COBRA. From 1979 to 1997, the company owned several television stations, most of them in small and medium markets. It sold the broadcasting division to what became Raycom Media in 1997.[12]

Aflac Incorporated
Public
Traded asNYSEAFL S&P 500 component
IndustryFinancial services
Founded1955
FounderJohn Amos
Paul Amos † (died 2014)
Bill Amos
HeadquartersAflac Building
Columbus, Georgia, U.S.
Area served
Japan
United States
Key people
Dan Amos
(ChairmanCEO)
ProductsSupplemental health
and life insurance
RevenueIncrease $22.171 billion (FY 2011)[1]
Decrease $2.992 billion (FY 2011)[1]
Decrease $1.964 billion (FY 2011)[1]
Total assets
  • Decrease US$ 121.307 billion (2013)[2]
  • Increase US$ 131.094 billion (2012)[2]
Total equityIncrease $13.506 billion (FY 2011)[1]
Number of employees
9,235 (December 2014)[2]
Websitehttps://www.aflac.com/

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