COLUMBUS, Ga., March 23 /PRNewswire/ -- 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 third consecutive year. He is one of just 62 of the best American CFOs at institutions ranging from financial to telecommunications.

Earlier this year, Institutional Investor selected Aflac as the No. 1 shareholder-friendly company in the Life Insurance sector.

"This is a tremendous honor for Kriss and it is well-deserved," said Dan Amos, Aflac chairman and CEO. "He has been instrumental in the success of our company. We are truly grateful for his vision and leadership."

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. and Aflac Japan. He is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries.

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.

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. Aflac's 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 six consecutive years and Forbes magazine's Platinum 400 List of America's Best Big Companies for five consecutive years. In January 2006, Aflac was included in FORTUNE magazine's list of the 100 Best Companies to Work For in America for the eighth consecutive year. Aflac was also included in FORTUNE magazine's list of the Top 50 Employers for Minorities in August 2005, and in September 2005, Aflac Japan was named the Life Insurance Company of the Year at the Asia Insurance Industry Awards, sponsored by the Asia Insurance Review. 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.
Senior Vice President, Investor Relations
1-800-235-2667, Option 3
kjanke@aflac.com