Bloomberg News

Aflac Posts ‘Biggest and Best Year’ in Japan, Chief Amos Says

January 26, 2012

Jan. 26 (Bloomberg) -- Aflac Inc., the insurer that gets about three-quarters of its revenue from Japan, said sales through banks helped the company beat its 2011 targets as the country recovered from the March earthquake and tsunami.

“We’re going to exceed all the goals that we set for the company,” said Dan Amos, chief executive officer of Columbus, Georgia-based Aflac, in a telephone interview today. “It will be the biggest and best year in the company’s history in Japan.”

Aflac is scheduled to report fourth-quarter results on Jan. 31. The company, which uses a talking duck mascot to promote policies supplementing work and government health coverage, posted a 14 percent gain in Japanese sales for the nine months ended Sept. 30. Amos declined to give targets for 2012.

“The stronger the numbers are for this year, the harder it makes next year” for growth, Amos said.

--Editors: Dan Kraut, Rick Green

To contact the reporter on this story: Andrew Frye in New York at afrye@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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