COLUMBUS, Ga., Nov. 15, 2021 /PRNewswire/ -- Aflac
Incorporated (NYSE: AFL) today announced that its Board of
Directors has declared the first quarter dividend of $0.40 per share, payable on March 1, 2022, to shareholders of record at the
close of business on February 16,
2022. This represents a 21.2% increase over the previously
declared fourth quarter dividend.
Commenting on the announcement, Aflac Incorporated Chairman and
Chief Executive Officer Daniel P.
Amos said: "I am pleased with the Board's action to increase
the first quarter 2022 dividend. We treasure our record of 39
consecutive years of dividend increases, and our dividend track
record is supported by the strength of our capital and cash flows.
We remain committed to maintaining strong capital ratios on behalf
of our policyholders and balance this financial strength with
tactical capital deployment."
ABOUT AFLAC INCORPORATED
Aflac Incorporated (NYSE:
AFL) is a Fortune 500 company helping provide protection to more
than 50 million people through its subsidiaries in Japan and the U.S., where it is a leading
supplemental insurer by paying cash fast when policyholders get
sick or injured. For more than six decades, insurance policies of
Aflac Incorporated's subsidiaries have given policyholders the
opportunity to focus on recovery, not financial stress. Aflac Life
Insurance Japan is the leading provider of medical and cancer
insurance in Japan where it
insures 1 in 4 households. For 15 consecutive years, Aflac
Incorporated has been recognized by Ethisphere as one of the
World's Most Ethical Companies. In 2021, Fortune included Aflac
Incorporated on its list of World's Most Admired Companies for the
20th time, and Bloomberg added Aflac Incorporated to its
Gender-Equality Index, which tracks the financial performance of
public companies committed to supporting gender equality through
policy development, representation and transparency, for the second
consecutive year. To find out how to get help with expenses health
insurance doesn't cover, get to know us at aflac.com. Investors may
learn more about Aflac Incorporated and its commitment to ESG and
social responsibility at investors.aflac.com and esg.aflac.com.
FORWARD-LOOKING INFORMATION
The Private Securities
Litigation Reform Act of 1995 provides a "safe harbor" to encourage
companies to provide prospective information, so long as those
informational statements are identified as forward-looking and are
accompanied by meaningful cautionary statements identifying
important factors that could cause actual results to differ
materially from those included in the forward-looking statements.
The company desires to take advantage of these provisions. This
document contains cautionary statements identifying important
factors that could cause actual results to differ materially from
those projected herein, and in any other statements made by company
officials in communications with the financial community and
contained in documents filed with the Securities and Exchange
Commission (SEC). Forward-looking statements are not based on
historical information and relate to future operations, strategies,
financial results or other developments. Furthermore,
forward-looking information is subject to numerous assumptions,
risks and uncertainties. In particular, statements containing words
such as "expect," "anticipate," "believe," "goal," "objective,"
"may," "should," "estimate," "intends," "projects," "will,"
"assumes," "potential," "target," "outlook" or similar words as
well as specific projections of future results, generally qualify
as forward-looking. Aflac undertakes no obligation to update such
forward-looking statements.
The company cautions readers that the following factors, in
addition to other factors mentioned from time to time, could cause
actual results to differ materially from those contemplated by the
forward-looking statements:
- difficult conditions in global capital markets and the
economy, including those caused by COVID-19
- defaults and credit downgrades of investments
- exposure to significant interest rate risk
- concentration of business in Japan
- limited availability of acceptable yen-denominated
investments
- foreign currency fluctuations in the yen/dollar exchange
rate
- differing judgments applied to investment
valuations
- significant valuation judgments in determination of expected
credit losses recorded on the Company's investments
- decreases in the Company's financial strength or debt
ratings
- decline in creditworthiness of other financial
institutions
- concentration of the Company's investments in any particular
single-issuer or sector
- the effects of COVID-19 and its variants (both known and
emerging), and any resulting economic effects and government
interventions, on the Company's business and financial
results
- ability to attract and retain qualified sales associates,
brokers, employees, and distribution partners
- deviations in actual experience from pricing and reserving
assumptions
- ability to continue to develop and implement improvements in
information technology systems
- interruption in telecommunication, information technology
and other operational systems, or a failure to maintain the
security, confidentiality or privacy of sensitive data residing on
such systems
- subsidiaries' ability to pay dividends to the Parent
Company
- inherent limitations to risk management policies and
procedures
- the level of sales of Aflac Japan products in the Japan Post
channel
- tax rates applicable to the Company may change
- failure to comply with restrictions on policyholder privacy
and information security
- extensive regulation and changes in law or regulation by
governmental authorities
- competitive environment and ability to anticipate and
respond to market trends
- catastrophic events, including, but not limited to, as a
result of climate change, epidemics, pandemics (such as the
coronavirus COVID-19), tornadoes, hurricanes, earthquakes,
tsunamis, war or other military action, terrorism or other acts of
violence, and damage incidental to such events
- ability to protect the Aflac brand and the Company's
reputation
- ability to effectively manage key executive
succession
- changes in accounting standards
- level and outcome of litigation
- allegations or determinations of worker misclassification in
the United States
Analyst and investor contact - David A.
Young, 706.596.3264 or 800.235.2667 or dyoung@aflac.com
Media contact – Ines Gutzmer,
762.207.7601 or igutzmer@aflac.com
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SOURCE Aflac Incorporated