COLUMBUS, Ga., Oct. 2 /PRNewswire-FirstCall/ -- Aflac today announced that
Jeffrey M. Herbert has resigned as senior vice president and chief marketing
officer of the company's U.S. insurance operation. Herbert joined Aflac in
October 2006 and cited personal reasons for his departure from the company.
(Logo: http://www.newscom.com/cgi-bin/prnh/20041202/CLTH019LOGO )
Commenting on Herbert's resignation, Aflac president and chief operating
officer for Aflac U.S., Paul S. Amos II stated: "Although Jeff's tenure with
Aflac was short, we are appreciative of his contributions to our company, and
we wish him the best in his future endeavors.
"When we hired Jeff a year ago, we did so after deciding to split the
senior level responsibilities of marketing and sales. We still believe that
is an effective organization for our business and to that end, we will begin
an immediate search for a replacement to work closely with our director of
sales, Ron Kirkland. Due in great part to Ron's effective leadership of our
sales force, I believe we are on track to achieve our sales targets for the
year, and I believe 2007 will be another record year for Aflac U.S."
For more than 50 years, Aflac products have given policyholders the
opportunity to direct cash where it is needed most when a life-interrupting
medical event causes financial challenges. Aflac is the number one provider of
guaranteed-renewable insurance in the United States and the number one
insurance company in terms of individual insurance policies in force in Japan.
Our insurance products provide protection to more than 40 million people
worldwide. Aflac has been included in Fortune magazine's listing of America's
Most Admired Companies for seven consecutive years and in Fortune magazine's
list of the 100 Best Companies to Work For in America for nine consecutive
years. Aflac has also been recognized three times by both Fortune magazine's
listing of the Top 50 Employers for Minorities and Working Mother magazine's
listing of the 100 Best Companies for Working Mothers. Aflac Incorporated is a
Fortune 500 company listed on the New York Stock Exchange under the symbol
AFL. To find out more about Aflac, visit aflac.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" to encourage companies to provide prospective information, so long as
those informational statements are identified as forward-looking and are
accompanied by meaningful cautionary statements identifying important factors
that could cause actual results to differ materially from those included in
the forward-looking statements. We desire to take advantage of these
provisions. This document contains cautionary statements identifying important
factors that could cause actual results to differ materially from those
projected herein, and in any other statements made by company officials in
communications with the financial community and contained in documents filed
with the Securities and Exchange Commission (SEC). Forward-looking statements
are not based on historical information and relate to future operations,
strategies, financial results or other developments. Furthermore, forward-
looking information is subject to numerous assumptions, risks, and
uncertainties. In particular, statements containing words such as "expect,"
"anticipate," "believe," "goal," "objective," "may," "should," "estimate,"
"intends," "projects," "will," "assumes," "potential," "target," or similar
words as well as specific projections of future results, generally qualify as
forward-looking. Aflac undertakes no obligation to update such forward-looking
statements.
We caution readers that the following factors, in addition to other
factors mentioned from time to time could cause actual results to differ
materially from those contemplated by the forward-looking statements:
legislative and regulatory developments; assessments for insurance company
insolvencies; competitive conditions in the United States and Japan; new
product development and customer response to new products and new marketing
initiatives; ability to attract and retain qualified sales associates; ability
to repatriate profits from Japan; changes in U.S. and/or Japanese tax laws or
accounting requirements; credit and other risks associated with Aflac's
investment activities; significant changes in investment yield rates;
fluctuations in foreign currency exchange rates; deviations in actual
experience from pricing and reserving assumptions including, but not limited
to, morbidity, mortality, persistency, expenses, and investment yields; level
and outcome of litigation; downgrades in the company's credit rating; changes
in rating agency policies or practices; subsidiary's ability to pay dividends
to parent company; ineffectiveness of hedging strategies used to minimize the
exposure of our shareholders' equity to foreign currency translation
fluctuations; catastrophic events; and general economic conditions in the
United States and Japan.
SOURCE Aflac
CONTACT: Analyst and investor contact, Kenneth S. Janke Jr.,
+1-800-235-2667 option 3, Fax +1-706-324-6330, kjanke@aflac.com; or Media
contact, Laura Kane, +1-706-596-3493, Fax +1-706-320-2288, lkane@aflac.com,
both of Aflac