Aflac 2007 Annual Report Download - page 9

98 99 00 01 02 03 04 05 06 07
31.2
37.0 37.2 37.9
45.1
51.0
59.3
56.4
59.8
$65.8
Japan U.S.
strengthened our distribution system by
providing better training at all levels, which
has resulted in better capabilities and higher
morale. We’ve created new products and
continued to reiterate our clarifying brand
message. We’re using technology to
leverage our resources and better respond
to our agents’ and customers’ needs. And
we believe we will continue to develop new
ways to further tap into the vast potential
of the U.S. market.
A Pioneering Event – “Say-on-Pay”
We pride ourselves on incorporating ethics
and transparency in everything we do —
from products to claims payments and
financial disclosures and compensation. It is
our firm belief in the appropriateness of
Aflac’s compensation approach that led us
to be the first company in the United States
to give shareholders a “Say-on-Pay”
advisory vote on compensation, which will
occur in 2008. From the top executive
officers to all officers, managers, employees,
and particularly our sales force, we
incorporate performance-based
compensation throughout our organization.
But ultimately, our decision to take this
historic step boiled down to one issue:
Every member of Aflac’s Board of Directors
believes that our shareholders should have
the right to know how executive
compensation works at our company and
a means for providing input on pay.
Our Pledge – A Commitment
to Providing Value to All of
Aflac’s Constituents
Aflac is fortunate because our success has
allowed us to enrich the lives of everyone
with whom we do business, while producing
five decades of steady, profitable growth.
Although there are some profound
differences in the health care markets in the
United States and Japan, many people
would be surprised to know that there are
also many similarities. With ever rising out-
of-pocket expenses for health care in both
markets, they are well-suited to the products
we offer. Within each market, millions of
everyday, hardworking people count on the
benefits Aflac products can offer when a
life-changing event suddenly transforms
them from a policyholder into a claimant.
We are privileged to be stewards of the trust
and resources you, our owners, place in Aflac
every day, and we thank you for your support.
In addition to our shareholders, our family
extends to millions of policyholders,
claimants, sales associates and employees,
all of whom seem to have come to one
conclusion: “There’s Only One Aflac.”
Daniel P. Amos
Chairman and
Chief Executive Officer
5
Total Assets
(In billions)
Aflac’s total assets reached
$65.8 billion, reflecting solid
growth in investments and
cash, and a stronger
yen/dollar exchange rate
at the end of the year.