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Aflac: The Number 1 Supplemental Insurer


Aflac: The Number 1 Supplemental Insurer

Knee Injury Rehabilitation


Aflac is a Market Leader:

Aflac is the leading provider of supplemental and disability income insurance, which provides help with expenses not covered by a policyholder’s major medical plan. The company is a market leader in both the United States and Japan as the number one provider of guaranteed-renewable insurance in both markets. Aflac's products provide protection to more than 40 million people and go beyond traditional insurance by directly paying claimants with cash benefits. Aflac is short for the American Family Life Insurance Company.

Aflac Vital Statistics:

Aflac today:

  • 8,200 employees
  • 74,300 licensed agents
  • AFLAC offers insurance policies to more than 427,700 U.S. payroll groups
  • 2009 total revenues of $18.2 billion, a 10.3% increase
  • Net income was $1.49 billion

On its website , Aflac Chairman and CEO Daniel Amos has stated: “Despite the discouraging economic backdrop during 2009, Aflac emerged with a very solid year from a financial perspective. In fact, 2009 was the 20th consecutive year in which we’ve met our earnings objective. We generated significant growth during that 20-year period, reflecting the strength of our insurance operations."


Aflac was founded in Columbus, GA in November 1955 by three brothers, John, Paul, and Bill Amos. Initially, the company had 6,426 policyholders and $388,000 in assets.

In 1958 Aflac introduced one of the world's first cancer expense policies. Since the 1980s Aflac has expanded with new products such as accident/disability, short-term disability, hospital intensive care, hospital confinement indemnity, long-term care, life, and dental.

Aflac: Market Innovator

Mindful of the many challenges small-business owners face in a down-economy, the insurer has lowered the minimum worksite size requirement for short-term disability policies to just three full-time workers from five. Additionally, in early 2010 Aflac introduced voluntary insurance policies to help serve as a benefits solution for employers of all sizes and industries at no direct cost to their business.

Aflac positioned its voluntary dental coverage ahead of the upcoming 2011 open-enrollment season as a hassle-free offering. The new plan avoids having to negotiate deductibles, copayments and provider networks, or conduct annual premium reviews. The carrier is marketing the product to businesses as a way to help them attract and retain talent as flexibility with Aflac is always key. This dental product allows policyholders to choose any dentist they want, thus employers and brokers are freed from having to negotiate networks with the insurance provider.

As an added bonus, Aflac pays a benefit for any qualifying treatment without deductibles, while policy rates do not increase based on usage or group demographics. Aflac cites research by the National Association of Dental Plans showing that about 62% of employers viewed dental coverage as essential to their benefits package in 2009 versus just 53% in 2005.

Corporate Culture

Aflac offers its employees excellent benefits, competitive salaries, and award-winning training along with advancement opportunities. Aflac is family-oriented boasting the largest on-site child-care facilities in Georgia: Imagination Station and Imagination Station Too. Together, the facilities have capacity for 540 children and was a key reason why AFLAC was yet again named one of the 100 Best Companies to Work For by Fortune magazine for the 12th year in a row.


Aflac has developed a huge market niche with innovative forward-thinking products, not to mention a onbe of a kind catchy ad campaign to become a national leader.

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