Aflac Global Investments includes Aflac Incorporated’s asset management subsidiaries responsible for investing approximately $111 billion (as of the end of 2022) on behalf of Aflac Incorporated’s insurance subsidiaries in Japan, the U.S. The Aflac Global Investments team contributes to Aflac’s long-term success by seeking to maximize long-term returns consistent with the preservation of capital based on an investment foundation of strategic asset allocation. This creates a conservative asset, liability, and capital management approach that focuses on creating a high-quality and diversified investment portfolio.