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News and Information Article
COLUMBUS, Ga., Jan. 2 /-FirstCall/ -- Aflac Incorporated
(NYSE: AFL) announced today that Paul S. Amos II has been promoted to
president of Aflac. Aflac, which operates in Japan and the United States,
is the principal subsidiary of Aflac Incorporated. Amos will also continue
in his capacity as chief operating officer of Aflac U.S. and will
concentrate his efforts on Aflacs U.S. operations.
Amos joined Aflac in 2002 as state sales coordinator for its Georgia
North sales territory. During his time with Aflacs sales force, Georgia
North became the companys number one territory in terms of new annualized
premium sales. Amos joined Aflacs headquarters in 2004 as executive vice
president of Aflac U.S. Through his direction, the company successfully
launched a new branding initiative in 2005 to increase consumers
understanding of Aflac products. He also restructured Aflacs training
department and streamlined other sales support and administrative functions
to better support the activities of Aflacs sales force. In February 2006,
he was named chief operating officer of Aflac U.S.
Amos received a bachelors degree in economics from Duke University and
a masters of business administration from Emory University. He also earned
a juris doctor degree from Tulane University. Prior to joining Aflac, he
worked in the corporate legal division of the legal firm Skadden, Arps,
Slate, Meagher and Flom in Washington, D.C.
Commenting on the announcement, President and Chief Financial Officer
of Aflac Incorporated Kriss Cloninger said: "In addition to Pauls
knowledge and experience in marketing and sales, he has an exceptional
understanding of the administrative side of Aflacs business. His drive,
energy and leadership have greatly contributed to Aflacs U.S. operations.
When we release our results for 2006 at the end of this month, we think
everyone will agree that Aflac U.S. had a great year in virtually every
facet of its business. And for that, Paul and the management team he has
assembled are to be congratulated. Under his leadership, I believe Aflac
U.S. will continue to generate strong sales and operating results."
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. Aflacs insurance products provide protection to more than 40
million people worldwide. Aflac has been included in Fortune magazines
listing of Americas Most Admired Companies for six consecutive years. In
January 2006, Aflac was included in Fortune magazines list of the 100 Best
Companies to Work For in America for the eighth consecutive year. Aflac was
also included in Fortune magazines 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.
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 oral discussions 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 in our reports filed with the SEC,
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; ability to repatriate profits from
Japan; changes in U.S. and/or Japanese tax laws or accounting requirements;
credit and other risks associated with Aflacs 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 companys credit rating; changes in rating
agency policies or practices; subsidiarys ability to pay dividends to
parent company; ineffectiveness of hedging strategies used to minimize the
exposure of our shareholders equity to foreign currency translation
fluctuations; 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 kjanke@aflac.com
Media contact - Laura Kane, 706.596.3493, FAX: 706.320.2288, or
lkane@aflac.com
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