COLUMBUS, Ga., March 29, 2017 /PRNewswire/ -- Aflac Incorporated
(NYSE: AFL) announced today that it has hired Max K. Broden as senior vice president and
treasurer, reporting to Aflac Incorporated Executive Vice President
and Chief Financial Officer Frederick J.
Crawford. In his new role, which will be effective
April 4, 2017, Broden will be
responsible for overseeing Corporate Finance, Investor and Rating
Agency Relations as well as U.S. Corporate Development.
Broden brings to Aflac more than 15 years of experience and
leadership managing diversified global financial and insurance
portfolios. Most recently, he has worked with Norges Bank since
2007. There, he served as senior portfolio manager, managing an
equity portfolio of diversified global financial and insurance
stocks in a firm with $873 billion in
assets under management. Consistent with Norges' investment
process, Broden specialized in deep fundamental analysis on select
global insurance names, including strategic investments. Prior to
his roles at Norges Bank, he spent several years at DnB NOR Asset
Management in both Stockholm and
New York as portfolio manager.
Before that, he worked for several years at Skandia Asset
Management in Stockholm. Broden
received his bachelor's degree and his Master of Science degree
with majors in both accounting and finance from the Stockholm School of Economics. He is a CFA
charterholder.
Aflac Incorporated Executive Vice President and Chief Financial
Officer Frederick J. Crawford
commented: "Max is one of the most well-respected portfolio
managers and institutional investors in the insurance industry. I
look forward to his outstanding leadership, extensive expertise and
global perspective that will help build on Aflac's key financial
and strategic initiatives to drive long-term shareholder
value."
About Aflac
When a policyholder gets sick or hurt,
Aflac pays cash benefits fast. For six decades, Aflac insurance
policies have given policyholders the opportunity to focus on
recovery, not financial stress. In the
United States, Aflac is the leading provider of voluntary
insurance at the worksite. Through its trailblazing One Day
PaySM initiative, Aflac U.S. can receive, process,
approve and disburse payment for eligible claims in one business
day. In Japan, Aflac is the
leading provider of medical and cancer insurance and insures 1 in 4
households. Aflac individual and group insurance products help
provide protection to more than 50 million people worldwide. For 11
consecutive years, Aflac has been recognized by Ethisphere as one
of the World's Most Ethical Companies. In 2017, Fortune magazine
recognized Aflac as one of the 100 Best Companies to Work For in
America for the 19th consecutive year and included Aflac on its
list of Most Admired Companies for the 16th time. In 2015, Aflac's
contact centers were recognized by J.D. Power by providing "An
Outstanding Customer Service Experience" for the Live Phone
Channel. Aflac Incorporated is a Fortune 500 company listed on the
New York Stock Exchange under the symbol AFL. To find out more
about Aflac and One Day PaySM, visit aflac.com or
espanol.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. We desire to take advantage of
these provisions. This report 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. We caution 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; risks relating to the conversion of the Japan branch to a subsidiary; limited
availability of acceptable yen-denominated investments; deviations
in actual experience from pricing and reserving assumptions;
ability to continue to develop and implement improvements in
information technology systems; governmental actions for the
purpose of stabilizing the financial markets; 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; ongoing changes
in our industry; failure to comply with restrictions on patient
privacy and information security; extensive regulation and changes
in law or regulation by governmental authorities; defaults and
credit downgrades of securities in our investment portfolio;
ability to attract and retain qualified sales associates and
employees; decline in creditworthiness of other financial
institutions; subsidiaries' ability to pay dividends to Aflac
Incorporated; decreases in our financial strength or debt
ratings; inherent limitations to risk management policies and
procedures; concentration of our investments in any particular
single-issuer or sector; differing judgments applied to
investment valuations; ability to effectively manage key executive
succession; significant valuation judgments in determination of
amount of impairments taken on our investments; catastrophic events
including, but not necessarily limited to, epidemics, pandemics,
tornadoes, hurricanes, earthquakes, tsunamis, acts of terrorism and
damage incidental to such events; changes in U.S. and/or Japanese
accounting standards; loss of consumer trust resulting from events
external to our operations; credit and other risks associated with
Aflac's investment in perpetual securities; increased expenses and
reduced profitability resulting from changes in assumptions for
pension and other postretirement benefit plans; level and outcome
of litigation; and failure of internal controls or corporate
governance policies and procedures.
Analyst and investor contact – Robin Y.
Wilkey, 706.596.3264 or 800.235.2667; FAX: 706.324.6330 or
rwilkey@aflac.com
Media contact – Catherine Blades,
706.596.3014; FAX: 706.320.2288 or cblades@aflac.com
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SOURCE Aflac Incorporated