Aflac
American insurance company / From Wikipedia, the free encyclopedia
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Aflac Incorporated /ˈæflæk/ (American Family Life Assurance Company) is an American insurance company and is the largest provider of supplemental insurance in the United States.[3] It was founded in 1955 and is based in Columbus, Georgia. In the U.S., it underwrites a wide range of insurance policies, but is perhaps more known for its payroll deduction insurance coverage, which pays cash benefits when a policyholder has a covered accident or illness. The company states it "provides financial protection to more than 50 million people worldwide".[4]
Company type | Public |
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Industry | Insurance Human resources services |
Founded | November 17, 1955; 68 years ago (1955-11-17)[1] (as American Family Life Insurance Company of Columbus) |
Founders |
|
Headquarters | Aflac Building Columbus, Georgia, U.S. |
Area served |
|
Key people | Dan Amos (chairman, CEO) Frederick J. Crawford (CFO) |
Products | Supplemental health & life insurance |
Revenue | US$19.5 billion (2022) |
US$4.60 billion (2022) | |
US$4.20 billion (2022) | |
Total assets | US$131 billion (2022) |
Total equity | US$22.4 billion (2022) |
Number of employees | 12,882 (2022) |
Website | aflac |
Footnotes / references [2] |
In 2009, Aflac acquired Continental American Insurance Company for $100 million,[5] enabling them to sell supplemental insurance on both the individual and group platforms.[6] As of June 30, 2012[update], it was represented by approximately 19,300 sales agencies in Japan and 76,900 licensed sales associates in the U.S.[7]