January 24, 2017 3:29 PM ET

Insurance

Company Overview of AFLAC Japan

Company Overview

AFLAC Japan provides life insurance products and services. It offers cancer plans, care plans, general medical expense plans, and medical and sickness riders. The company was founded in 1974 and is based in Tokyo, Japan. AFLAC Japan operates as a subsidiary of Aflac Incorporated.

2-1-1 Shinjuku Mitsui Building

Shinjuku-ku

Tokyo,  163-0456

Japan

Founded in 1974

Phone:

81 3 3344 2701

Fax:

81 3 5908 6412

Key Executives for AFLAC Japan

President and Chief Operating Officer
Age: 64
Executive Chairman of Aflac Incorporated and Chief Executive Officer of Aflac Incorporated
Age: 64
President of Aflac Incorporated and Chief Financial Officer of Aflac Incorporated
Age: 68
President of Aflac
Age: 40
Chief Investment Officer and Senior Vice President
Compensation as of Fiscal Year 2016.

AFLAC Japan Key Developments

AFLAC Japan Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended Sept. 30, 2016

AFLAC Japan announced unaudited earnings results for the third quarter and nine months ended Sept. 30, 2016. Total revenues were down 0.5% in the third quarter. The pretax operating profit margin decreased in the third quarter to 20.7% from 21.9% in the prior year, reflecting the effect of the stronger yen and an increase in the benefit ratio in the quarter. Pretax operating earnings in yen decreased 6.4% on a reported basis and decreased 0.4% on a currency-neutral basis. Net premium income increased 20.6% to $3.6 billion in the third quarter. Net investment income was up 9.1% to $661 million. Total revenues increased 18.7% to $4.3 billion. Pretax operating earnings increased 11.7% to $882 million. For the first nine months of the year, net premium income in yen increased 1.0% and net investment income declined 5.2%. Total revenues in yen were unchanged, and pretax operating earnings were down 2.8%. For the first nine months, net premium income was $10.2 billion, or 12.6% higher than a year ago. Net investment income increased 5.6% to $1.9 billion. Total revenues were up 11.5% to $12.1 billion. Pretax operating earnings were $2.6 billion, or 8.2% higher than a year ago.

AFLAC Japan Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

AFLAC Japan reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company announced in yen terms, net premium income declined 0.8% in the third quarter, reflecting in part the impact of reinsurance. Excluding the impact of reinsurance, net premium income increased 1.6%. Net investment income increased 5.4%. Investment income growth was magnified by the weaker yen/dollar exchange rate because approximately 51% of company’s third quarter investment income was dollar-denominated, compared with 46% a year ago. Total revenues were up 0.3% in the third quarter. The pretax operating profit margin increased in the third quarter to 21.9% from 19.6% in the prior year, in part due to continued favorable claims experience and associated reserve adjustment in the quarter. Pretax operating earnings in yen increased 12.1% on a reported basis and increased 5.8% on a currency-neutral basis. Premium income decreased 15.7% to $3.0 billion in the third quarter. Net investment income was down 10.4% to $606 million. Total revenues decreased 14.8% to $3.6 billion. Pretax operating earnings declined 4.7% to $789 million. Total new annualized premium sales increased 23.4% to ¥31.6 billion, or $259 million. Third sector sales, which include cancer and medical products, increased 34.5% in the quarter. For the first nine months, net premium income in yen decreased 0.6%, and net investment income rose 6.1%. Total revenues in yen were up 0.5%, and pretax operating earnings were up 3.3%. Premium income was $9.0 billion, or 15.3% lower than a year ago. Net investment income decreased 9.7% to $1.8 billion. Total revenues were down 14.4% to $10.9 billion. Pretax operating earnings were $2.4 billion, or 12.0% lower than a year ago. New annualized premium sales were up 9.9% to ¥89.2 billion, or $737 million. Third sector sales increased 27.1% in the first nine months of the year.

Aflac Japan Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Aflac Japan reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, premium income decreased 16.8% to $3.0 billion. Net investment income was down 11.0% to $605 million. Total revenues decreased 15.8% to $3.6 billion. Pretax operating earnings declined 18.4% to $757 million. In the second quarter, total new annualized premium sales increased 9.4% to $252 million. Third sector sales, which include cancer and medical products, increased 25.2% in the quarter. Total first sector sales, which include products such as ways and child endowment, decreased 11.8% in the quarter. For the first six months, premium income was $6.1 billion, or 15.2% lower than a year ago. Net investment income decreased 9.3% to $1.2 billion. Total revenues were down 14.2% to $7.3 billion. Pretax operating earnings were $1.6 billion, or 15.3% lower than a year ago. For the first six months of the year, new annualized premium sales were up 3.7% $478 million. Third sector sales increased 23.3% in the first half of the year.

Recent Private Companies Transactions

Type
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No transactions available in the past 12 months.
 

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