Company Profile - Aflac Multicultural

Overview

Aflac is a leading provider of insurance sold on a voluntary basis at the worksite in the United States and the largest foreign insurer in Japan. Insuring more than 40 million people worldwide, Aflac is the principal subsidiary of Aflac Incorporated, an international holding company based in Georgia. At year-end 2002, the corporation's total assets were more than $45 billion, with annual revenues of more than $10.3 billion.

A Fortune 500 Company, Aflac is a leading writer of voluntary insurance coverage marketed at the worksite in the United States, offering policies to employees at more than 270,000 payroll accounts. Aflac Incorporated was included in Fortune magazine's list of "The 100 Best Companies to Work For in America" for the eighth consecutive year. In August 2005, Aflac was included in Fortune Magazine's list of "Top 50 Employers for Minorities." Aflac has also been included in Forbes magazine's Platinum 400 List of "America's Best Big Companies" for five consecutive years and in Fortune magazine's listing of "America's Most Admired Companies" for five consecutive years.
Company Background

Brothers John, Paul, and Bill Amos founded Aflac in 1955.

"AFLAC" is an acronym for American Family Life Assurance Company.

Aflac is a Fortune 500 company.

Aflac Incorporated is an international holding company based in Columbus, Georgia

Aflac introduced its first cancer expense policy 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.

Business Statistics

Aflac has a presence in all 50 United States and in U.S. territories.

Aflac has more than 56,000 licensed agents.

Aflac offers a broad line of insurance products to more than 270,000 U.S. payroll groups.

Aflac insures more than 40 million people worldwide.

Assets at year-end 2002 totaled more than $45 billion with annual revenues of more than $10.2 billion.

Aflac has received an "A+ (Superior)" rating from A.M. Best (May 2003).

Aflac is a component of the Standard & Poor's 500 Index.

Aflac pays most claims within four days.

Foreign Operations

Aflac is the largest insurance company in Japan in terms of number of individual policies in force. In fact, we are the fourth most profitable foreign company operating in any industry in Japan.

Aflac insures one in four Japanese households.

Aflac has continued to broaden its product line in Japan. Noncancer products now account for nearly 70% of new sales.

Philanthropic Endeavors

In December 2001 Aflac pledged $10 million to the Aflac Cancer Center and Blood Disorders service at Children's Healthcare of Atlanta.

Aflac pledged $3 million in 1995 to establish the Aflac Cancer Center at Egleston Children's Hospital. (In 1999, Egleston Children's Hospital merged with Scottish Rite Children's Hospital to form Children's Healthcare of Atlanta, the nation's second-largest children's hospital.)

In 1995, Aflac committed $2 million to the American Red Cross to establish Corporate America's Helping Hands Fund for relief from the Kobe, Japan, earthquake.

In 1997, Aflac committed $1.5 million to establish the Aflac Chair for Cancer Research at USC/Norris Comprehensive Cancer Center in Los Angeles.

In 2001, Aflac committed $1,000 to each family of the police officers, firefighters, or emergency medical technicians killed in the attacks on New York City and Washington.

The Aflac sales force's support of the Aflac Cancer Center at Children's Healthcare of Atlanta has reached $5 million since inception.

National Recognition

In June 2003, Fortune magazine named Aflac to its list of "The 50 Best Companies for Minorities" for the second consecutive year.

In 2003, Aflac Incorporated was named to Fortune magazine's list of "The 100 Best Companies to Work For in America" for the fifth year in a row.

In March 2003, Fortune magazine named Aflac to its list of "America's Most Admired Companies" for the third consecutive year.

In October 2003, Working Mother magazine named Aflac to its list of the "100 Best Companies for Working Mothers" for the third consecutive year.

Aflac is on Computerworld magazine's list of the "100 Best Places to Work in IT" for the fifth year in a row.

In February 2003, Aflac was named to Hispanic magazine's "Corporate 100" list of the companies providing the most opportunities to Hispanics. Aflac has appeared on the annual list since 1993.

For the past five years, LATINA Style magazine has named Aflac one of the 50 best companies for Latinas to work for in the United States.

Please visit http://www.Aflac.com for more information!

Culture

Aflac was founded on this principle: If we take care of the people, the people will take care of the business. We know how valuable our employees are to our business, so we try to provide a work environment that allows each employee to participate in the company's success and to grow as a professional. Treating employees with care, respect, dignity, and fairness are founding principles of Aflac. That's the special Aflac culture. We have long understood that the diverse backgrounds, experiences, and talents of our employees enrich our performance, enhance our products, and improve our service.

Benefits

BENEFITS FOR SALES ASSOCIATES Aflac Sales Associates enjoy these benefits:

First-year commissions are paid in advance during the first policy year or as you earn them.

Renewal commissions are paid beginning the second policy year in accordance with the terms of your agreement.

Aflac's stock bonus program allows career associates to participate in the company's growth, profitability and success as a stockholder.

Aflac's Associate Bonus Club (ABC) rewards associates for recruiting new members to the field force.

Aflac associates have the opportunity to join the National Association of Professional Agents (NAPA).

Compensation and Benefits for Aflac Sales Associates*

In addition to commissions and Aflac's associate stock bonus program, there are a number of special recognitions and awards available to associates to help motivate them to achieve and exceed production goals. Rewards include cash bonuses, prizes and trips.

First-Year and Renewal Commissions First-year commissions are awarded for each policy sold by our sales associates. First-year commissions can be paid in advance or as earned. Renewal commissions are awarded for each policy renewed.

Stock Bonus Program Our stock bonus plan lets all associates share in Aflac's success, and no contribution is required from sales associates participating in the program. Aflac associates are automatic participants beginning with the first month of service; bonuses are paid when a policyholder pays the 13th month's premium and will be calculated as a percent of annualized premium. Dividends can be reinvested in Aflac stock [AFL] or paid directly to associates.

Benefits When you join Aflac, you have the opportunity to join the National Association of Professional Agents (NAPA). As an Aflac sales associate you and your family can receive insurance coverage through NAPA, including health, guaranteed-issue life, dental and errors and omissions insurance in addition to other discount services and benefits.

*See Associate's Agreement for further details.

Aflac's sales associates do more than just sell insurance. Our agents act as
ambassadors for the company, introducing Aflac to new customers, maintaining relationships with existing customers and keeping us abreast of customer needs. At Aflac, we do everything we can to assist our associates, from professional training by the best in the business to top-notch electronic selling tools and marketing materials.

One of the most valuable tools our sales associates have is Aflac's brand visibility. Our national advertising campaign adds to associates' credibility and lays the groundwork for enhancing customer confidence. Aflac offers its associates the following support tools:

State-of-the-art technological support and electronic selling tools

Associate customer service toll-free numbers

Professional orientation, training and certifications

Professional field marketing materials

Sales leads

Aflac Magazine and associate newsletters

Career Opportunities

The Aflac Duck Provides a Forum for Consumers to Quack the Vote
COLUMBUS, Ga., Aug. 18 /PRNewswire-FirstCall/

The Aflac Duck will compete alongside 25 other well-known brand icons, including the Wise Owl and Speedy Alka-Seltzer, for a chance to cement its place in history on the Madison Avenue Advertising Walk of Fame in New York during the city's first- ever celebration of Advertising Week. Winners will be decided by an online public vote. In keeping with its theme of "getting the word out," the Aflac Duck has made it easy for consumers to cast their ballots by visiting http://www.aflac.com .

At the tender age of 4 years old, the Aflac Duck is the youngest contender nominated for America's Favorite Advertising Symbol Award. The spokesduck's
relentless approach to reminding consumers of Aflac's name has earned it fans across the country within a short period of time.

The popular feathered icon has accomplished more for its company's brand recognition in under five years than most advertising symbols have done for their brand over decades. Launched during the first weekend in the new millennium, the national advertising campaign featuring the duck spouting, "AFLAAAAC," produced a significant increase in Aflac's name recognition-from 12% to more than 90%. According to the Aflac Duck's campaign manager, Al Johnson, the duck will run on a serious platform. "Our campaign is about actions and not words.

Well, maybe one word -- AFLAAAAC!"

Standing less than three feet tall, the Aflac Duck is a giant within the advertising industry and is no stranger to receiving accolades. The Aflac Duck Campaign has already received several honors, including the 2002 Gold Effie, an award recognizing the year's best advertising campaigns. The duck has also received two Midas awards honoring the best in creative consumer communication.

The award-winning duck is not only a leader within the advertising arena but is an active participant in the world of philanthropy. With the sale of plush toys bearing its resemblance, the Aflac Duck does its part in the fight against pediatric cancer. The duck has raised more than $1 million towards preventing the childhood disease.

Public voting for brand icons began on Monday, July 26, 2004 and will conclude at midnight on Friday, September 3, 2004. The top five icons voted onto the Walk of Fame will be honored with an image-enshrined sidewalk plaque
installed at the corner of 50th Street and Madison Avenue. Winners will be unveiled at a Walk of Fame dedication ceremony on September 20, 2004.

Aflac Incorporated (NYSE: AFL) is an international holding company. A Fortune 500 company, Aflac insures more than 40 million people worldwide. It is a leading writer of insurance products marketed at the worksite in the
United States, offering policies to employees at more than 300,000 payroll accounts. The company insures one out of four Japanese households and is the largest life insurer in Japan in terms of individual insurance policies in force. In July 2003, Fortune magazine named Aflac to its list of "The 50 Best Companies for Minorities." In January 2004, Aflac Incorporated was included in Fortune magazine's list of the "100 Best Companies to Work For in America" for the sixth consecutive year. Also in January 2004, Aflac was named to Forbes
magazine's Platinum 400 List of "Americas Best Big Companies" for the fifth consecutive year. In March 2004, Fortune magazine included Aflac in its annual
listing of "America's Most Admired Companies."

Aflac's Internet address is http://www.aflac.com .

Vision

Our Philosophy

Mission
To combine aggressive strategic marketing with quality products and services at affordable prices to provide the best insurance value for consumers.

Guiding Principles

Offer quality products and services at affordable prices and utilize new technology to better serve our policyholders.
Build better value for our shareholders.
Supply quality service for our agents.
Provide an enriching and rewarding workplace for our employees.

Values

Treat individuals with care, respect, dignity, and fairness.
Provide security and peace of mind.
Promote a positive environment, caring culture and team spirit that extends to the community.
Offer opportunity for growth and advancement.
Encourage camaraderie and fun.
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People

At Aflac, we believe our people are our greatest asset. Therefore, we have developed a corporate environment that supports employees with educational programs, on-site child development facilities, and strong benefits programs. Our company has benefited greatly in return, and it shows.

Products

At Aflac, our insurance policies help supplement primary health plans by providing direct-to-the-policyholder cash benefits, unless the insured chooses otherwise, to help fill gaps in traditional health insurance coverage, such as deductibles, out-of-pocket expenses and loss of earning power, among others.

In 1958 we introduced one of the world's first cancer expense insurance policies. Today we have expanded our insurance coverage to include accident/disability, cancer, short-term disability, hospital intensive care, hospital confinement indemnity, long-term care, specified health event, life, and dental.

Diversity

LATINA Style magazine has named Aflac to its list of the 50 Best Companies for Hispanic women to work for in the United States, citing Aflac's ongoing commitment to the recruitment, retention and advancement of Latinas.

The LATINA Style 50 companies will be honored on February 7, 2008, during LATINA Style's Awards Ceremony and Diversity Leaders Conference in Washington, D.C., and recognized at an exclusive Awards Reception at the White House. This year's Awards Ceremony and Diversity Leaders Conference will be celebrating its 10-year anniversary of the program.

"We are honored, once again, to be ranked among LATINA Style's 50 best companies in America," said Brenda Mullins, second vice president and diversity officer for Aflac Human Resources. "At Aflac, we recognize the value in having a diverse workforce and work hard to ensure that all our employees have opportunities for professional growth. We pride ourselves in creating an environment where everyone feels valued and included."

LATINA Style 50 selects companies that integrate the best employment policies and resources as they relate to Hispanic women. More than 800 companies were evaluated. The primary areas of evaluation included leadership programs, profit sharing, educational opportunities, dependent/child-care support, education reimbursement, Latina representation in senior positions, flexible work schedules, scholarships for employees' children and dedicated Hispanic recruitment.

About LATINA Style

LATINA Style magazine broke new ground in 1994 to launch the first national magazine dedicated to the needs and concerns of the contemporary Latina working woman in the U.S. Focusing on the needs of Latina professionals, Latina business owners, college students and Hispanic influential’s, LATINA Style is the most influential magazine reaching the Latina professional.