Aflac Chief Financial Officer Named the Best Insurance/Life CFO in America by Institutional Investor
March 23 2006 - 4:45PM
PR Newswire (US)
COLUMBUS, Ga., March 23 /PRNewswire/ -- Kriss Cloninger III,
president and chief financial officer of Aflac Incorporated, has
been named the best CFO in America in the Insurance/Life category
by Institutional Investor magazine for the third consecutive year.
He is one of just 62 of the best American CFOs at institutions
ranging from financial to telecommunications. Earlier this year,
Institutional Investor selected Aflac as the No. 1
shareholder-friendly company in the Life Insurance sector. "This is
a tremendous honor for Kriss and it is well-deserved," said Dan
Amos, Aflac chairman and CEO. "He has been instrumental in the
success of our company. We are truly grateful for his vision and
leadership." Cloninger joined Aflac in March 1992 as senior vice
president and chief financial officer. He was promoted to executive
vice president in 1993 and to president in May 2001, retaining the
title of CFO. Since joining Aflac, he has been primarily
responsible for overseeing the financial management of all company
operations, including Aflac U.S. and Aflac Japan. He is a Fellow of
the Society of Actuaries and a member of the American Academy of
Actuaries. In addition to planning and overseeing the financial
performance of Aflac's operating units, he also initiated various
programs at the corporate level to optimize shareholder value.
Those programs include Aflac's share repurchase program, the
yen-debt-financing program, the capital hedging strategy, and the
profit repatriation strategy. The magazine's top chief financial
officers were selected based on the responses of about 950 research
analysts and portfolio managers at more than 330 money-management
firms, representing some $5.4 trillion in assets. In addition,
there were responses from about 400 sell-side analysts at more than
80 brokerage firms. 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. Aflac's 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
six consecutive years and Forbes magazine's Platinum 400 List of
America's Best Big Companies for five consecutive years. In January
2006, Aflac was included in FORTUNE magazine's list of the 100 Best
Companies to Work For in America for the eighth consecutive year.
Aflac was also included in FORTUNE magazine's list of the Top 50
Employers for Minorities in August 2005, and in September 2005,
Aflac Japan was named the Life Insurance Company of the Year at the
Asia Insurance Industry Awards, sponsored by the Asia Insurance
Review. 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. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041202/CLTH019LOGO) Media
Contact: Laura Kane Aflac Incorporated (706) 596-3493 (706)
320-2288 (Fax) Analyst Contact: Ken Janke Jr. Senior Vice
President, Investor Relations 1-800-235-2667, Option 3
http://www.newscom.com/cgi-bin/prnh/20041202/CLTH019LOGO
http://photoarchive.ap.org/ DATASOURCE: Aflac Incorporated CONTACT:
Media, Laura Kane, +1-706-596-3493, or fax, +1-706-320-2288, or ,
or Analysts, Ken Janke Jr., Senior Vice President, Investor
Relations, +1-800-235-2667, Option 3, or , both of Aflac
Incorporated Web site: http://www.aflac.com/
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