The Aflac Way: Generating a Distinction Even though Balancing Objective and Profit

COLUMBUS, Ga., March 16, 2023 /PRNewswire/ — Aflac Incorporated announced these days that the organization has released its 2022 Small business and Sustainability Report, titled “The Aflac Way: Generating a Distinction Even though Balancing Objective and Profit.” The 2022 Small business and Sustainability report is readily available at investors.aflac.com below “Sustainability.”

The 2022 Small business and Sustainability Report delivers crucial insights into how Aflac Incorporated focuses on the Company’s lengthy tradition of undertaking what is ideal for its workers and communities and an overview of operations and monetary outcomes for the 2022 fiscal year. This year’s report also highlights achievements of the organization advancing integration of accountable investing into its investment and ownership choices progressing on its path to net zero emissions committing $741 million in 2022 to sustainable and DEI investments absolutely allocating the net proceeds from the $400 million sustainability bond issued by Aflac Incorporated on March eight, 2021 continuing to foster an inclusive culture in Japan and the U.S. exceeding $165 million in contributions in assistance of the Aflac Cancer and Blood Issues Center of Children’s Healthcare of Atlanta supporting 149,000 pediatric individuals and their households who keep at the Aflac Parents Home in Japan in the course of treatment options and providing a My Unique Aflac Duck® to far more than 21,000 young children given that 2018 to offer comfort by way of their remedy for cancer and most not too long ago, sickle cell illness. It also highlights Aflac Incorporated’s concentrate on sturdy governance and commitment to becoming a great steward of the atmosphere.

About the 2022 Small business and Sustainability Report, Aflac Incorporated Chairman and CEO Dan Amos commented: “Let’s be clear: earnings and shareholder returns ascertain no matter if a organization is productive, but we have normally been a organization that has viewed providing back to our neighborhood as the ideal point to do. This has turn out to be a element of our culture and reflected in how we operate, what we refer to as “The Aflac Way,” for as lengthy as I can keep in mind. I am proud of what we have achieved by delivering strong outcomes though focused on our social goal. Right now, shoppers, investors and other stakeholders want to know about a company’s goal prior to creating choices. We’ve normally offered back, but now it is also significant to proactively share facts, as we do in this report about how we balance goal and profit.”

Aflac Incorporated President and Chief Operating Officer Frederick J. Crawford added: “We think that sustainability and monetary functionality need to be pursued in a way that naturally coexists and serves to improve our all round franchise worth. Merely place, we concentrate on diversity, atmosphere and social commitments to attract the greatest talent and connect with the communities we serve in a way that supports our brand and the expectations of our distribution partners and policyholders. In turn, we execute far better, which attracts capital to our organization, such that we can continue to develop. In the spirit of the transparency we prioritize, we’ve posted material that our investors have expressed an interest in seeing,”

The report also integrates different reporting frameworks, like the Sustainability Accounting Requirements Board (SASB), the Job Force on Climate-associated Economic Disclosures (TCFD), United Nations Sustainable Improvement Targets (SDGs) and the Worldwide Reporting Initiative (GRI), which are effortlessly positioned in the report’s ESG Reporting Index.

Investors could study far more about how Aflac Incorporated balances goal and profit at investors.aflac.com below “Sustainability” including the company’s most recent TCFD Report, the Aflac U.S. 2021 EEO-1 Disclosure and the company’s Carbon Disclosure Project (CDP) submission.

ABOUT AFLAC INCORPORATED

Aflac Incorporated (NYSE: AFL), a Fortune 500 organization, has helped offer monetary protection and peace of thoughts for far more than 67 years to millions of policyholders and shoppers by way of its subsidiaries in the U.S. and Japan. In the U.S., Aflac is the No. 1 provider of supplemental overall health insurance coverage goods.1 In Japan, Aflac Life Insurance coverage Japan is the major provider of cancer and health-related insurance coverage policies in force. In 2021, the organization became a signatory of the Principles for Accountable Investment (PRI). In 2022, the organization was incorporated in the Dow Jones Sustainability North America Index for the ninth year, the World’s Most Ethical Firms by Ethisphere for the 17th consecutive year, Fortune’s World’s Most Admired Firms for the 22nd time and Bloomberg’s Gender-Equality Index for the fourth consecutive year. To uncover out how to get assistance with expenditures overall health insurance coverage does not cover, get to know us at aflac.com or aflac.com/espanol. Investors could study far more about Aflac Incorporated and its commitment to ESG and social duty at investors.aflac.com under “Sustainability.”

1 LIMRA 2021 U.S. Supplemental Wellness Insurance coverage Total Industry Report 

FORWARD-Hunting Information and facts

The Private Securities Litigation Reform Act of 1995 delivers a “protected harbor” to encourage organizations to offer potential facts, so lengthy as these informational statements are identified as forward-seeking and are accompanied by meaningful cautionary statements identifying significant things that could bring about actual outcomes to differ materially from these incorporated in the forward-seeking statements. The organization desires to take benefit of these provisions. This document includes cautionary statements identifying significant things that could bring about actual outcomes to differ materially from these projected herein, and in any other statements produced by organization officials in communications with the monetary neighborhood and contained in documents filed with the Securities and Exchange Commission (SEC). Forward-seeking statements are not primarily based on historical facts and relate to future operations, techniques, monetary outcomes or other developments. Moreover, forward-seeking facts is topic to a lot of assumptions, dangers and uncertainties. In certain, statements containing words such as “anticipate,” “anticipate,” “think,” “purpose,” “objective,” “could,” “need to,” “estimate,” “intends,” “projects,” “will,” “assumes,” “prospective,” “target,” “outlook” or related words as properly as distinct projections of future outcomes, typically qualify as forward-seeking. Aflac undertakes no obligation to update such forward-seeking statements.

The organization cautions readers that the following things, in addition to other things talked about from time to time, could bring about actual outcomes to differ materially from these contemplated by the forward-seeking statements:

• complicated situations in international capital markets and the economy, like these triggered by COVID-19
• defaults and credit downgrades of investments
• international fluctuations in interest prices and exposure to substantial interest price threat
• concentration of company in Japan
• restricted availability of acceptable yen-denominated investments
• foreign currency fluctuations in the yen/dollar exchange price
• differing interpretations applied to investment valuations
• substantial valuation judgments in determination of anticipated credit losses recorded on the Company’s investments
• decreases in the Company’s monetary strength or debt ratings
• decline in creditworthiness of other monetary institutions
• concentration of the Company’s investments in any certain single-issuer or sector
• important public overall health concerns, like COVID-19 and any resulting or coincidental financial effects, on the Company’s company and monetary outcomes
• the Company’s capability to attract and retain certified sales associates, brokers, workers, and distribution partners
• deviations in actual practical experience from pricing and reserving assumptions
• capability to continue to create and implement improvements in facts technologies systems and on productive execution of income development and expense management initiatives
• interruption in telecommunication, facts technologies and other operational systems, or a failure to preserve the safety, confidentiality or privacy of sensitive information residing on such systems
• subsidiaries’ capability to spend dividends to the Parent Business
• inherent limitations to threat management policies and procedures
• operational dangers of third celebration vendors
• tax prices applicable to the Business could modify
• failure to comply with restrictions on policyholder privacy and facts safety
• comprehensive regulation and adjustments in law or regulation by governmental authorities
• competitive atmosphere and capability to anticipate and respond to market place trends
• catastrophic events, like, but not restricted to, as a outcome of climate modify, epidemics, pandemics (such as COVID-19), tornadoes, hurricanes, earthquakes, tsunamis, war or other military action, terrorism or other acts of violence, and harm incidental to such events
• capability to shield the Aflac brand and the Company’s reputation
• capability to correctly handle crucial executive succession adjustments in accounting requirements
• level and outcome of litigation
• allegations or determinations of worker misclassification in the United States

Analyst and investor speak to – David A. Young, 706.596.3264 or 800.235.2667 or [email protected]
Media speak to – Ines Gutzmer, 762.207.7601 or [email protected]

Supply Aflac Incorporated