AFLAC Incorporated
Industry: Insurance (Accident & Health)

AFLAC Incorporated is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services and making capital available. Its principal business is supplemental health and life insurance.

Business Summary
AFLAC Incorporated is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services and making capital available. Its principal business is supplemental health and life insurance, which is marketed and administered through American Family Life Assurance Company of Columbus (AFLAC), which operates in the United States (AFLAC U.S.) and as a branch in Japan (AFLAC Japan). AFLAC Japan sells cancer plans, care plans, general medical expense plans, medical/sickness riders to the Company's cancer plan, a living benefit life plan, ordinary life insurance plans and annuities. AFLAC U.S. sells cancer plans and various types of health insurance, including accident and disability, fixed-benefit dental, personal sickness and hospital indemnity, hospital intensive care, long-term care, ordinary life and short-term disability plans.

Financial Summary
AFLAC, Incorporated operates in the insurance industry and primarily sells supplemental health insurance in Japan and the U.S. For the 6 months ended 6/30/05, total revenues increased 9% to $7.13B. Net income increased 18% to $664M. Revenues reflect growth in Aflac Japan's new annualized premium sales, and favorable foreign currency translation. Net income also reflects improved gross margins.