Aflac Japan To Offer Cancer Insurance Product Through Japan Post
November 16 2007 - 8:20AM
PR Newswire (US)
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 . Media contact - Laura Kane,
706.596.3493, FAX: 706.320.2288, or .
http://www.newscom.com/cgi-bin/prnh/20041202/CLTH019LOGO
http://photoarchive.ap.org/ DATASOURCE: Aflac Incorporated CONTACT:
Analyst and investor contact - Kenneth S. Janke Jr.,
+1-800-235-2667 - option 3, FAX: +1-706-324-6330, or , Media
contact - Laura Kane, +1-706-596-3493, FAX: +1-706-320-2288, or ,
both of Aflac Incorporated Web site: http://www.aflac.com/
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