COLUMBUS, Ga., Nov. 16 /PRNewswire-FirstCall/ -- Aflac Incorporated
announced today that Japan Post Network Co., Ltd., a subsidiary of Japan
Post Holdings Co., Ltd., has selected Aflac Japan as the exclusive provider
of cancer insurance for distribution through the nationwide postal office
network.
Japan Post Network Co. is one of four separate postal entities that
began operating in October 2007 as a part of the postal privatization
process set forth under laws enacted in 2005. Japan Post Network Co.
operates approximately 24,000 post office locations throughout Japan.
Commenting on the announcement, Aflac Incorporated Chairman and Chief
Executive Officer Daniel P. Amos said: "We are very pleased that Japan Post
chose our cancer insurance product for sale through its extensive network.
We believe Japan Post's selection of Aflac reflects the quality of our
newly introduced Cancer Forte product, the overall strength of the Aflac
brand, a reputation for quality customer service and the support we provide
to our sales force. Although Japan Post has not yet established a specific
time frame for sales to commence, we anticipate that sales should occur
sometime in 2008."
Amos added: "Throughout 2007, we have been encouraged by the overall
direction of Aflac Japan's new annualized premium sales. We continue to
believe that our sales will be flat to up 4% in the second half of 2007.
And although we have not yet finalized our marketing plans and objectives
for 2008, our preliminary expectation is that Aflac Japan's sales should
increase 3% to 7% next year."
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. Our 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 seven consecutive years and in Fortune
magazine's list of the 100 Best Companies to Work For in America for nine
consecutive years. Aflac has also been recognized three times by both
Fortune magazine's listing of the Top 50 Employers for Minorities and
Working Mother magazine's listing of the 100 Best Companies for Working
Mothers. 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 communications 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 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 and
employees; 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; catastrophic events; and general economic conditions in
the United States and Japan.
(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:
Analyst and investor contact - Kenneth S.
Janke Jr., +1-800-235-2667 - option 3, FAX: +1-706-324-6330, or
kjanke@aflac.com, Media contact - Laura Kane, +1-706-596-3493,
FAX: +1-706-320-2288, or lkane@aflac.com, both of Aflac
Incorporated
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