Aflac Names Gerardo Monroy as SVP, Aflac U.S. Innovation Strategy and Execution

COLUMBUS, Ga., Aug. 29, 2019 /PRNewswire/ -- Aflac Incorporated (NYSE: AFL) announced today that Gerardo Monroy has been named senior vice president, Aflac U.S. Innovation Strategy and Execution, reporting to Virgil R. Miller, executive vice president; chief operating officer, Aflac U.S.; president, Aflac Group. In this newly created role, Monroy will be responsible for overseeing Aflac's U.S. innovation delivery system and driving transformational market opportunities to diversify Aflac's enterprise business portfolio.

Monroy brings to Aflac more than 25 years of well-rounded experience that includes business segment leadership responsibility, strategic planning, business development, marketing and sales, operations and finance. Before joining Aflac, he served most recently as chief marketing officer for CNO Financial Group, having held leadership positions of increasing responsibility at CNO and its subsidiaries, including president of Colonial Penn Life Insurance Company and various leadership roles at Bankers Life & Casualty Company. His early career began with management roles at Procter & Gamble in Mexico and later with Carrier Corporation/United Technologies in the U.S. and abroad.

Monroy earned a bachelor's degree in public accounting from Universidad Iberoamericana and a Master of Business Administration from Harvard University.

Commenting on the announcement, Virgil Miller said: "With our ongoing emphasis on innovation and transformation, I am pleased Gerardo is joining the Aflac team in this newly created role. Given his extensive track record of delivering strong results and his proven acumen in strategy, profit and loss management, marketing and operations, Gerardo's leadership will be an enormous asset to Aflac. We look forward to his focus on powering innovation to sustain our market leadership as we navigate and develop new markets, while targeting our customers' new and continually evolving needs."

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. Through its trailblazing One Day Pay^SM initiative in the United States, for eligible claims, Aflac can process, approve and electronically send funds to claimants for quick access to cash in just one business day. For 13 consecutive years, Aflac has been recognized by Ethisphere as one of the World's Most Ethical Companies. In 2018, Fortune magazine recognized Aflac as one of the 100 Best Companies to Work for in America for the 20th consecutive year and in 2019 Fortune included Aflac on its list of World's Most Admired Companies for the 18th time. To find out more about One Day Pay^SM and learn how to get help with expenses health insurance doesn't cover, get to know us at aflac.com or aflac.com/espanol. 

Aflac herein means American Family Life Assurance Company of Columbus and American Family Life Assurance Company of New York.

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
• exposure to significant interest rate risk
• concentration of business in Japan
• foreign currency fluctuations in the yen/dollar exchange rate
• limited availability of acceptable yen-denominated investments
• U.S. tax audit risk related to conversion of the Japan branch to a subsidiary
• deviations in actual experience from pricing and reserving assumptions
• ability to continue to develop and implement improvements in information technology systems
• competitive environment and ability to anticipate and respond to market trends
• ability to protect the Aflac brand and the Company's reputation
• ability to attract and retain qualified sales associates, brokers, employees, and distribution partners
• 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
• failure to comply with restrictions on patient privacy and information security
• extensive regulation and changes in law or regulation by governmental authorities
• tax rates applicable to the Company may change
• defaults and credit downgrades of investments
• decline in creditworthiness of other financial institutions
• significant valuation judgments in determination of amount of impairments taken on the Company's investments
• subsidiaries' ability to pay dividends to the Parent Company
• decreases in the Company's financial strength or debt ratings
• inherent limitations to risk management policies and procedures
• concentration of the Company's investments in any particular single-issuer or sector
• differing judgments applied to investment valuations
• ability to effectively manage key executive succession
• catastrophic events including, but not necessarily limited to, epidemics, pandemics, tornadoes, hurricanes, earthquakes, tsunamis, war or other military action, terrorism or other acts of violence, and damage incidental to such events
• changes in accounting standards
• increased expenses and reduced profitability resulting from changes in assumptions for pension and other postretirement benefit plans
• 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; FAX: 706.324.6330 or dyoung@aflac.com

Media contact – Catherine H. Blades, 706.596.3014; FAX: 706.320.2288 or cblades@aflac.com

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SOURCE Aflac Incorporated