COLUMBUS, Ga. - February 15, 2005 - Kriss Cloninger III, president and chief financial officer of Aflac Incorporated has been named the best CFO in America in the Insurance/Life category by Institutional Investor magazine for the second consecutive year. He is one of just 62 of the best American CFOs at institutions ranging from financial to telecommunications. "While I am honored to have been selected for this recognition, the real tribute is to Aflac's financial strength and our track record of consistently hitting our earnings performance targets for more than 60 quarters in a row," Cloninger said.

"Excellence in financial functions is still at the core of the CFO's job, especially with the added burden of ensuring Sarbanes-Oxley Act compliance," says Michael Carroll, editor of Institutional Investor.

Cloninger joined Aflac in March 1992 as senior vice president and chief financial officer. He was promoted to executive vice president in 1993 and to president in May 2001, retaining the title of CFO. Since joining Aflac, he has been primarily responsible for overseeing the financial management of all company operations, including Aflac U.S., Aflac Japan, and Communicorp - a wholly owned subsidiary of Aflac Incorporated that provides strategic marketing, writing, graphic design, printing, mailing, fulfillment, and promotional incentive services. He is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries. He holds bachelor's and master's degrees in business administration from the University of Texas at Austin.

In addition to planning and overseeing the financial performance of Aflac's operating units, he also initiated various programs at the corporate level to optimize shareholder value. Those programs include Aflac's share repurchase program, the yen-debt-financing program, the capital hedging strategy, and the profit repatriation strategy.

The magazine's top chief financial officers were selected based on the responses of about 950 research analysts and portfolio managers at more than 330 money management firms representing some $5.4 trillion in assets. In addition, there were responses from about 400 sell-side analysts at more than 80 brokerage firms.

Aflac is the number one provider of guaranteed-renewable insurance in the United States and Japan. Aflac's innovative products provide protection to more than 40 million people and go beyond traditional insurance by directly paying claimants with cash benefits. Aflac's products are primarily sold at worksites in the United States. In Japan, Aflac is the largest life insurer in terms of individual insurance policies in force. In January 2005, Aflac was included in Fortune magazine's list of "The 100 Best Companies to Work for in America" for the seventh consecutive year. Aflac has also been included in Forbes magazine's "Platinum 400 List of Best Big Companies in America" for five consecutive years and in Fortune magazine's listing of "America's Most Admired Companies" for four consecutive years. 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.

Media Contact:
Laura Kane
AFLAC Incorporated
(706) 596-3493
(706) 320-2288 (Fax)
lkane@aflac.com

Analyst Contact:
Ken Janke Jr.
Investor Relations
800-235-2667 Option 3
kjanke@aflac.com