COLUMBUS, Ga., Nov. 1, 2023
/PRNewswire/ -- Aflac Incorporated today announced that
Frederick J. Crawford, President;
Chief Operating Officer of Aflac Incorporated will retire effective
September 30, 2024.
With nearly three decades of financial experience, Fred was
responsible for overseeing the day-to-day administrative and
operational functions of the business as well as leading several
areas related to Aflac Incorporated's growth initiatives.
"I am grateful for Fred's dedication and contributions to Aflac
over the last eight years and wish him well in his next chapter,"
said Daniel P. Amos, Aflac
Incorporated Chairman and CEO. "Aflac has an extraordinary
leadership bench in Japan and
the United States, and I look
forward to working with Fred and Aflac's executive management team
to ensure a smooth transition. I am confident the company will
deliver on our promise to our policyholders while also driving
shareholder value."
"I have enjoyed my time at Aflac and have been extremely
fortunate to work alongside a respected and innovative team,"
Crawford said. "I know our teams will continue driving our strategy
with the same level of energy and commitment. I look forward to
spending more time with family and pursuing personal interests, and
in the near term, to working with the executive leadership to
ensure a smooth transition and provide support on organization
alignment."
ABOUT AFLAC INCORPORATED
Aflac Incorporated
(NYSE: AFL), a Fortune 500 company, has helped provide financial
protection and peace of mind for more than 68 years to millions of
policyholders and customers through its subsidiaries in the U.S.
and Japan. In the U.S., Aflac is
the No. 1 provider of supplemental health insurance
products.1 In Japan,
Aflac Life Insurance Japan is the leading provider of cancer and
medical insurance policies in force. The company takes pride in
being there for its policyholders when they need us most, as well
as being included in 2023 in the World's Most Ethical Companies by
Ethisphere for 17 consecutive years, Fortune's World's Most Admired
Companies for 22 years and Bloomberg's Gender-Equality Index for
the fourth consecutive year. In addition, the company became a
signatory of the Principles for Responsible Investment (PRI) in
2021 and has been included in the Dow Jones Sustainability North
America Index (2022) for nine years. To find out how to get help
with expenses health insurance doesn't cover, get to know us at
aflac.com or aflac.com/espanol. Investors may learn more about
Aflac Incorporated and its commitment to corporate social
responsibility and sustainability at investors.aflac.com under
"Sustainability."
1 LIMRA 2022 U.S. Supplemental Health Insurance Total
Market Report
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 inflation and the continued effects caused by
COVID-19
- defaults and credit downgrades of investments
- global fluctuations in interest rates and 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 interpretations 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
- major public health issues, including COVID-19 and any
resulting or coincidental economic effects, on the Company's
business and financial results
- the Company's 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 and on successful execution of
revenue growth and expense management initiatives
- 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
- operational risks of third party vendors
- 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 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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/frederick-j-crawford-to-retire-as-president-chief-operating-officer-of-aflac-incorporated-301974801.html
SOURCE Aflac Incorporated