We care about Aflac’s policyholders affected by recent weather:
To help provide relief for Indiana policyholders residing in Delaware, Jefferson, and Randolph counties affected by the recent tornadoes, Aflac will provide a premium grace period starting March 13, 2024, and ending May 13, 2024. This grace period also provides an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder.
We care about Aflac’s policyholders affected by recent weather:
To help provide relief for California policyholders residing in Alameda, Butte, Glenn, Lake, Mendocino, Monterey, Sacramento, San Francisco, Santa Cruz, Sonoma, and Sutter Counties affected by the winter storms, Aflac will provide a premium grace period starting Feb. 3, 2024, and ending May 21, 2024. This grace period also provides an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder.
On Feb. 21, 2024, the cyber event reported by Change Healthcare, a company that assists healthcare providers with claims submissions and payments, has created a significant impact to health care providers, including hospitals, individual practitioners, practice groups, diagnostic centers, laboratories, and pharmacies. We have determined Aflac’s primary operations are not impacted. Further, Aflac and its subsidiaries do not have any direct connection to Change Healthcare systems in any of Aflac’s systems or applications. At this time, we are not aware of any impact to customer data but we are monitoring for any communications from our critical third-party suppliers. While Change Healthcare’s cyber event was not directed at Aflac, we will provide flexibility with claims submissions related to this incident should it be needed. If you believe you have a claim impacted by Change Healthcare’s event, please contact Aflac at 800-992-3522.
We care about Aflac’s policyholders affected by recent weather:
To help provide relief for California policyholders residing in Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara, and Ventura Counties affected by the winter storms, Aflac will provide a premium grace period starting Feb. 3, 2024, and ending May 21, 2024. This grace period also provides an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder.
AFLAC Incorporated
(Photo: http://www.newscom.com/cgi-bin/prnh/20010525/AFLACLOGO )
New annualized premium sales in the United States significantly exceeded upwardly revised expectations and set another quarterly sales record. AFLAC U.S. sales rose 32.2% over the fourth quarter of 2000.
AFLAC Incorporated expects to report fourth quarter operating earnings of about $.34 per diluted share, which is in line with current consensus earnings estimates. The company is scheduled to report fourth quarter results after the market closes on January 31.
Commenting on the announcement, Chairman and Chief Executive Officer Daniel P. Amos said: "I'm pleased that AFLAC Japan met its revised fourth- quarter sales objectives. Given the weakening economic conditions in Japan, that market remains challenging. Yet, we saw some encouraging signs in our preliminary sales data. Cancer life insurance sales improved over the fourth quarter of 2000. And at the same time, the persistency of our business in Japan remains very strong.
"As we look to 2002, we believe AFLAC Japan's new annualized premium sales will increase by about 5% to 10% in yen terms. Sales in the first quarter will likely be down about 5% due primarily to tough comparisons of Rider MAX sales in the first quarter of 2001.
"We are extremely pleased at the continued strength of our U.S. business. AFLAC U.S. produced better-than-expected sales results in the fourth quarter, as it has all year long. Fourth-quarter sales were a record $291 million, rising more than 32%, despite difficult comparisons to last year. Sales for the year surpassed $918 million, which is nearly triple the amount of business we wrote in 1996. We believe the need for our products, the popularity of our advertising campaign, and our ability to recruit and retain sales associates, has contributed to our ongoing success at penetrating the vast U.S. market.
"Most importantly," Amos continued, "we remain confident that when we release fourth-quarter results at the end of this month, our full-year 2001 operating earnings per share will increase at the high end of our projected 15% to 17% range, excluding the impact of the yen. We also expect to achieve our primary financial objective of 15% to 17% growth in operating earnings per share before currency translation in 2002 and 2003."
AFLAC Incorporated (NYSE - AFL) is an international holding company. A Fortune 500® company, AFLAC insures more than 40 million people worldwide. It is the leading writer of supplemental insurance marketed at the worksite in the United States, offering policies to employees at more than 200,000 payroll accounts. The company is also the largest foreign insurer in Japan, insuring one out of four Japanese households. In January 2001, AFLAC was included in Fortune magazine's list of "100 Best Companies to Work For in America" for the third consecutive year. In February 2001, Fortune magazine also named AFLAC as the fifth most admired company in the life and health insurance sector in its annual listing of "America's Most Admired Companies." AFLAC's Internet address is aflac.com.
Forward looking information: Certain statements contained in this press release are "forward looking statements" within the meaning of the federal securities laws. Although the company believes that these statements are reasonable, it can give no assurance that they will prove to be correct because they are prospective in nature. Actual future results may differ materially from those discussed herein. We caution readers that the following factors, in addition to other factors mentioned from time to time in our reports filed with the Securities and Exchange Commission, could cause actual results to differ materially: regulatory developments, assessments for insurance company insolvencies, competitive conditions, new products, ability to repatriate profits from Japan, general economic conditions in the United States and Japan, changes in U.S. and/or Japanese tax laws or accounting requirements, adequacy of reserves, credit and other risks associated with AFLAC's investment activities, significant changes in interest rates, and fluctuations in foreign currency exchange rates.
Analyst and investor contact - Kenneth S. Janke Jr.,
(800) 235-2667 - option 3,
FAX: (706) 324-6330, or kjanke@aflac.com
Media contact - Kathelen V. Spencer,
(706) 596-3789,
FAX: (706) 323-1448, or kspencer@aflac.com
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SOURCE: AFLAC Incorporated
Contact: investors, Kenneth S. Janke Jr., 1-800-235-2667, option 3, or
fax, +1-706-324-6330, or
+1-706-596-3789, or fax, +1-706-323-1448, or
AFLAC Incorporated
Website: http://www.aflac.com/
