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.
(706) 320-2288 (Fax)
Ken Janke Jr.
Senior Vice President, Investor Relations
1-800-235-2667, Option 3