The Aflac Approach: Making a Distinction Whereas Balancing Function and Revenue

COLUMBUS, Ga., March 16, 2023 /PRNewswire/ — Aflac Included introduced at the moment that the corporate has launched its 2022 Enterprise and Sustainability Report, titled “The Aflac Approach: Making a Distinction Whereas Balancing Function and Revenue.” The 2022 Enterprise and Sustainability report is offered at buyers.aflac.com below “Sustainability.”

The 2022 Enterprise and Sustainability Report supplies key insights into how Aflac Included focuses on the Firm’s lengthy custom of doing what is correct for its staff and communities and an outline of operations and monetary outcomes for the 2022 fiscal 12 months. This 12 months’s report additionally highlights achievements of the corporate advancing integration of accountable investing into its funding and possession choices; progressing on its path to internet zero emissions; committing $741 million in 2022 to sustainable and DEI investments; fully allocating the web proceeds from the $400 million sustainability bond issued by Aflac Included on March 8, 2021; persevering with to foster an inclusive tradition in Japan and the U.S.; exceeding $165 million in contributions in help of the Aflac Most cancers and Blood Issues Heart of Kids’s Healthcare of Atlanta; supporting 149,000 pediatric sufferers and their households who keep on the Aflac Mother and father Home in Japan throughout remedies; and giving a My Particular Aflac Duck® to greater than 21,000 youngsters since 2018 to offer consolation via their remedy for most cancers and most just lately, sickle cell illness. It additionally highlights Aflac Included’s concentrate on sturdy governance and dedication to being a great steward of the setting.

In regards to the 2022 Enterprise and Sustainability Report, Aflac Included Chairman and CEO Dan Amos commented: “Let’s be clear: income and shareholder returns decide whether or not an organization is profitable, however now we have at all times been an organization that has considered giving again to our neighborhood as the fitting factor to do. This has develop into part of our tradition and mirrored in how we function, what we consult with as “The Aflac Approach,” for so long as I can keep in mind. I am pleased with what now we have achieved by delivering strong outcomes whereas targeted on our social function. As we speak, clients, buyers and different stakeholders wish to find out about an organization’s function earlier than making choices. We have at all times given again, however now it’s also necessary to proactively share data, as we do on this report about how we steadiness function and revenue.”

Aflac Included President and Chief Working Officer Frederick J. Crawford added: “We consider that sustainability and monetary efficiency should be pursued in a means that naturally coexists and serves to reinforce our general franchise worth. Merely put, we concentrate on range, setting and social commitments to draw the perfect expertise and join with the communities we serve in a means that helps our model and the expectations of our distribution companions and policyholders. In flip, we carry out higher, which attracts capital to our firm, such that we are able to proceed to develop. Within the spirit of the transparency we prioritize, we have posted materials that our buyers have expressed an curiosity in seeing,”

The report additionally integrates varied reporting frameworks, together with the Sustainability Accounting Requirements Board (SASB), the Process Drive on Local weather-related Monetary Disclosures (TCFD), United Nations Sustainable Improvement Objectives (SDGs) and the World Reporting Initiative (GRI), that are simply positioned within the report’s ESG Reporting Index.

Buyers might study extra about how Aflac Included balances function and revenue at buyers.aflac.com below “Sustainability” together with the corporate’s most up-to-date TCFD Report, the Aflac U.S. 2021 EEO-1 Disclosure and the corporate’s Carbon Disclosure Undertaking (CDP) submission.

ABOUT AFLAC INCORPORATED

Aflac Included (NYSE: AFL), a Fortune 500 firm, has helped present monetary safety and peace of thoughts for greater than 67 years to thousands and thousands of policyholders and clients via its subsidiaries within the U.S. and Japan. Within the U.S., Aflac is the No. 1 supplier of supplemental medical health insurance merchandise.1 In Japan, Aflac Life Insurance coverage Japan is the main supplier of most cancers and medical insurance coverage insurance policies in drive. In 2021, the corporate turned a signatory of the Ideas for Accountable Funding (PRI). In 2022, the corporate was included within the Dow Jones Sustainability North America Index for the ninth 12 months, the World’s Most Moral Firms by Ethisphere for the seventeenth consecutive 12 months, Fortune’s World’s Most Admired Firms for the twenty second time and Bloomberg’s Gender-Equality Index for the fourth consecutive 12 months. To learn how to get assist with bills medical health insurance does not cowl, get to know us at aflac.com or aflac.com/espanol. Buyers might study extra about Aflac Included and its dedication to ESG and social duty at buyers.aflac.com below “Sustainability.”

1 LIMRA 2021 U.S. Supplemental Well being Insurance coverage Complete Market Report 

FORWARD-LOOKING INFORMATION

The Personal Securities Litigation Reform Act of 1995 supplies a “protected harbor” to encourage corporations to offer potential data, as long as these informational statements are recognized as forward-looking and are accompanied by significant cautionary statements figuring out necessary components that would trigger precise outcomes to vary materially from these included within the forward-looking statements. The corporate wishes to benefit from these provisions. This doc comprises cautionary statements figuring out necessary components that would trigger precise outcomes to vary materially from these projected herein, and in some other statements made by firm officers in communications with the monetary neighborhood and contained in paperwork filed with the Securities and Alternate Fee (SEC). Ahead-looking statements usually are not primarily based on historic data and relate to future operations, methods, monetary outcomes or different developments. Moreover, forward-looking data is topic to quite a few assumptions, dangers and uncertainties. Particularly, statements containing phrases reminiscent of “anticipate,” “anticipate,” “consider,” “aim,” “goal,” “might,” “ought to,” “estimate,” “intends,” “initiatives,” “will,” “assumes,” “potential,” “goal,” “outlook” or comparable phrases in addition to particular projections of future outcomes, typically qualify as forward-looking. Aflac undertakes no obligation to replace such forward-looking statements.

The corporate cautions readers that the next components, along with different components talked about sometimes, might trigger precise outcomes to vary materially from these contemplated by the forward-looking statements:

• tough circumstances in international capital markets and the economic system, together with these brought on by COVID-19
• defaults and credit score downgrades of investments
• international fluctuations in rates of interest and publicity to important rate of interest danger
• focus of enterprise in Japan
• restricted availability of acceptable yen-denominated investments
• international foreign money fluctuations within the yen/greenback alternate price
• differing interpretations utilized to funding valuations
• important valuation judgments in willpower of anticipated credit score losses recorded on the Firm’s investments
• decreases within the Firm’s monetary power or debt rankings
• decline in creditworthiness of different monetary establishments
• focus of the Firm’s investments in any specific single-issuer or sector
• main public well being points, together with COVID-19 and any ensuing or coincidental financial results, on the Firm’s enterprise and monetary outcomes
• the Firm’s capacity to draw and retain certified gross sales associates, brokers, staff, and distribution companions
• deviations in precise expertise from pricing and reserving assumptions
• capacity to proceed to develop and implement enhancements in data expertise methods and on profitable execution of income progress and expense administration initiatives
• interruption in telecommunication, data expertise and different operational methods, or a failure to keep up the safety, confidentiality or privateness of delicate information residing on such methods
• subsidiaries’ capacity to pay dividends to the Mum or dad Firm
• inherent limitations to danger administration insurance policies and procedures
• operational dangers of third occasion distributors
• tax charges relevant to the Firm might change
• failure to adjust to restrictions on policyholder privateness and data safety
• in depth regulation and modifications in legislation or regulation by governmental authorities
• aggressive setting and skill to anticipate and reply to market tendencies
• catastrophic occasions, together with, however not restricted to, because of local weather change, epidemics, pandemics (reminiscent of COVID-19), tornadoes, hurricanes, earthquakes, tsunamis, warfare or different army motion, terrorism or different acts of violence, and injury incidental to such occasions
• capacity to guard the Aflac model and the Firm’s popularity
• capacity to successfully handle key govt succession modifications in accounting requirements
• degree and consequence of litigation
• allegations or determinations of employee misclassification in america

Analyst and investor contact – David A. Younger, 706.596.3264 or 800.235.2667 or [email protected]
Media contact – Ines Gutzmer, 762.207.7601 or [email protected]

SOURCE Aflac Included