COLUMBUS, Ga., Sept. 28 /PRNewswire-FirstCall/ -- Aflac Incorporated
(NYSE: AFL) announced today that it has issued Euroyen bonds totaling 45
billion yen, or approximately $384 million at the current exchange rate.
The bonds are registered for trading in the secondary market in Japan under
a Uridashi shelf registration filed with Japanese regulatory authorities in
August 2006.
Aflac anticipates that it will use the net proceeds of the
yen-denominated bonds for general corporate purposes, which shall include,
but shall not be limited to, refinancing of debt.
For more than 50 years, Aflac products have given policyholders the
opportunity to direct cash where it is needed most when a life-interrupting
medical event causes financial challenges. Aflac is the number one provider
of guaranteed-renewable insurance in the United States and the number one
insurance company in terms of individual insurance policies in force in
Japan. Aflac's insurance products provide protection to more than 40
million people worldwide. Aflac has been included in Fortune magazine's
listing of America's Most Admired Companies for six consecutive years and
Forbes magazine's Platinum 400 List of America's Best Big Companies for
five consecutive years. In January 2006, Aflac was included in Fortune
magazine's list of the 100 Best Companies to Work For in America for the
eighth consecutive year. Aflac was also included in Fortune magazine's list
of the Top 50 Employers for Minorities in August 2005, and in September
2005, Aflac Japan was named the Life Insurance Company of the Year at the
Asia Insurance Industry Awards, sponsored by the Asia Insurance Review.
Aflac Incorporated is a Fortune 500 company listed on the New York Stock
Exchange under the symbol AFL. To find out more about Aflac, visit
aflac.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" to encourage companies to provide prospective information, so long
as those informational statements are identified as forward-looking and are
accompanied by meaningful cautionary statements identifying important
factors that could cause actual results to differ materially from those
included in the forward-looking statements. We desire to take advantage of
these provisions. This document contains cautionary statements identifying
important factors that could cause actual results to differ materially from
those projected herein, and in any other statements made by company
officials in oral discussions with the financial community and contained in
documents filed with the Securities and Exchange Commission (SEC).
Forward-looking statements are not based on historical information and
relate to future operations, strategies, financial results or other
developments. Furthermore, forward-looking information is subject to
numerous assumptions, risks, and uncertainties. In particular, statements
containing words such as "expect," "anticipate," "believe," "goal,"
"objective," "may," "should," "estimate," "intends," "projects," "will,"
"assumes," "potential," "target," or similar words as well as specific
projections of future results, generally qualify as forward-looking. Aflac
undertakes no obligation to update such forward-looking statements.
We caution readers that the following factors, in addition to other
factors mentioned from time to time in our reports filed with the SEC,
could cause actual results to differ materially from those contemplated by
the forward-looking statements: legislative and regulatory developments;
assessments for insurance company insolvencies; competitive conditions in
the United States and Japan; new product development and customer response
to new products and new marketing initiatives; ability to attract and
retain qualified sales associates; ability to repatriate profits from
Japan; changes in U.S. and/or Japanese tax laws or accounting requirements;
credit and other risks associated with Aflac's investment activities;
significant changes in investment yield rates; fluctuations in foreign
currency exchange rates; deviations in actual experience from pricing and
reserving assumptions including, but not limited to, morbidity, mortality,
persistency, expenses, and investment yields; level and outcome of
litigation; downgrades in the company's credit rating; changes in rating
agency policies or practices; subsidiary's ability to pay dividends to
parent company; ineffectiveness of hedging strategies used to minimize the
exposure of our shareholders' equity to foreign currency translation
fluctuations; events resulting in catastrophic loss of life or injury; and
general economic conditions in the United States and Japan.
This notice does not constitute an offer of any securities for sale.
The securities to be issued through the above-referenced shelf registration
will not be registered in the United States and will not be offered or sold
to U.S. investors absent compliance with the registration requirements of
the Securities Act of 1933 or an available exemption from the registration
requirements thereof.
(Logo: http://www.newscom.com/cgi-bin/prnh/20041202/CLTH019LOGO )
Analyst and investor contact - Kenneth S. Janke Jr., 800.235.2667 -
option 3, FAX: 706.324.6330, or kjanke@aflac.com
Media contact - Laura Kane, 706.596.3493, FAX: 706.320.2288, or
lkane@aflac.com
SOURCE Aflac Incorporated
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Related links:
http://www.aflac.com/
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20041202/CLTH019LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Analysts and investors, Kenneth S. Janke Jr.,
+1-800-235-2667 option 3, or fax, +1-706-324-6330, or
kjanke@aflac.com, or Media, Laura Kane, +1-706-596-3493, or fax,
+1-706-320-2288, or lkane@aflac.com, both of Aflac Incorporated
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