September 17, 2014 7:39 PM ET

Insurance

Company Overview of AFLAC Japan

Company Overview

AFLAC Japan provides insurance services. It offers cancer plans, care plans, general medical expense plans, and medical/sickness riders. The company was founded in 1974 and is based in Tokyo, Japan. AFLAC Japan operates as a subsidiary of AFLAC Inc.

2-1-1 Nishi-Shinjuku Shinjuku-ku

Tokyo,  163-0456

Japan

Founded in 1974

Phone:

81 3 5908 6411

Fax:

81 3 5908 6412

Key Executives for AFLAC Japan

President and Chief Operating Officer
Executive Chairman of Aflac Incorporated and Chief Executive Officer of Aflac Incorporated
Age: 62
President of Aflac and Chief Operating Officer of Aflac US
Age: 38
President of Aflac Incorporated and Chief Financial Officer of Aflac Incorporated
Age: 67
Chief Investment Officer and Senior Vice President
Compensation as of Fiscal Year 2014.

AFLAC Japan Key Developments

Aflac Japan to Introduce Cancer Insurance Product for Japan Post Co., Ltd. and Kampo

Aflac Incorporated has announced that Aflac Japan will introduce a cancer insurance product for Japan Post Co. Ltd. and Kampo, or Japan Post Insurance Co. Ltd., on October 1, 2014. This new cancer insurance product sold through Japan Post and Kampo will provide a lump-sum benefit for initial cancer diagnosis as well as benefits for hospital stays, outpatient visits and anticancer drug treatments.

Aflac Japan Introduces Enhanced Cancer Insurance Product

Aflac Incorporated announced that Aflac Japan will introduce a cancer insurance product called 'New Cancer DAYS' on September 22, 2014. New Cancer DAYS provides enhanced coverage, including outpatient treatments and multiple cancer occurrence benefits. At the same time, premiums for this product have been lowered for most ages.

AFLAC Japan Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

AFLAC Japan reported unaudited earnings results for the first quarter ended March 31, 2014. In yen terms, the company’s premium income rose 1.4% in the first quarter. Net investment income increased 9.4%. Investment income growth was magnified by the weaker yen/dollar exchange rate because approximately 45% of the company’s first quarter investment income was dollar-denominated, compared with 40% a year ago. Total revenues were up 2.2% in the first quarter. The pretax operating profit margin increased in the first quarter to 22.0% from 21.5% in the prior year. Pretax operating earnings in yen increased 4.6% on a reported basis and 1.5% on a currency-neutral basis. The company’s growth rates in dollar terms for the first quarter were suppressed as a result of the weaker yen/dollar exchange rate. Premium income decreased 8.8% to $3.6 billion in the first quarter. Net investment income was down 1.7% to $663 million. Total revenues decreased 8.1% to $4.2 billion. Pretax operating earnings declined 5.7% to $933 million.

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