Aflac 2013 Annual Report Download - page 11

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For the period ended December 31, 2013, the yen/dollar exchange rate was 17.9% weaker compared with the end of 2012.
However, except for certain transactions that include the Aflac Japan dollar investment program, the company does not
actually convert yen into dollars. As a result, Aflac views foreign currency as a financial reporting issue and not as an economic
event for the company or its shareholders.
TOTAL ASSETS
(In billions)
Total assets were $121.3 billion
at the end of 2013.
TOTAL INVESTMENTS AND CASH
(In billions)
Aflac’s total investments and cash
declined 8.3% to $108.5 billion at the
end of 2013.
BENEFITS AND CLAIMS
(In billions)
Aflac paid or provided for $13.8 billion
in benefits for insureds in 2013.
04 05 06 07 08 09 10 11 12 13
100.2
131.1
59.3 56.4 59.8
65.8
79.3 84.1
116.2
$121.3
U.S.
Japan
04 05 06 07 08 09 10 11 12 13
88.2
118.2
52.0 49.0 52.0
57.1
68.6 73.2
103.5
$108.5
U.S.
Japan
04 05 06 07 08 09 10 11 12 13
12.1
15.3
8.5 8.9 9.0 9.3
10.5
11.3
13.7 $13.8
U.S.
Japan
AFLAC INCORPORATED 2013 YEAR IN REVIEW 9