| 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
primarily
through
its
subsidiary,
American
Family
Life
Assurance
Company
of
Columbus
(AFLAC).
Most
of
AFLAC's
policies
are
individually
underwritten
and
marketed
at
worksites
through
independent
agents
with
premiums
paid
by
the
employee.
The
Company's
operations
in
Japan
(AFLAC
Japan)
and
the
United
States
(AFLAC
U.S.)
service
the
two
markets
for
its
insurance
business.
AFLAC
invests
primarily
within
the
debt
securities
markets
in
Japan,
the
United
States
and
Europe. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AFLAC,
Inc.
operates
in
the
insurance
industry
and
primarily
sells
supplemental
health
insurance
in
Japan
and
the
U.S.
For
the
six
months
ended
6/30/01,
net
revenues
rose
less
than
1%
to
$4.75
billion.
Net
earnings
fell
7%
to
$332
million.
Revenues
reflect
decreased
sales
of
Rider
MAX
and
Accident/Disability
insurance,
and
a
overall
decrease
in
premiums.
Net
income
also
reflects
the
absence
of
a
$101
million
retirement
release
benefit. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Daniel Amos, 49 Chairman,
CEO | $2.8M | $17M | Kriss Cloninger, III, 53 Pres,
CFO, Director | 1.2M | -- | Hidefumi Matsui, 56 Pres-
AFLAC Japan | -- | -- | Minoru Nakai, 59 Chairman,
AFLAC International, Inc. | -- | -- | Yoshiki Otake, 61 Director
and Chairman of AFLAC Japan and Vice Chairman of AFLAC International, Inc. | 1.3M | 16M | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|