COLUMBUS, Ga., Jan. 12, 2018 /PRNewswire/ -- Recent media
stories regarding Aflac contain false allegations made by a very
small group of independent contractors. Aflac intends to
aggressively fight these allegations beginning with filing for
their dismissal. The unfounded articles allege claims including
insider trading, fraudulent sales and financial manipulation. The
Company has investigated these claims and found them to be without
merit.
Mr. Conroy and the individuals involved with these unfounded
claims are not employees of Aflac and as such can be part-time and
licensed to sell with other companies as well. Mr. Conroy has
formerly served as an Aflac district sales coordinator and has
realized financial benefits through his association with Aflac. It
should also be noted that these allegations are coming from fewer
than 10 individuals among up to 70,000 independent contractors and
brokers licensed to sell Aflac products. The insider trading,
fraudulent sales and financial manipulation claims alleged by the
individuals have been investigated by the Company and an
independent special committee of the Company's board of
directors.
Aflac has a long history of operating with transparency and
integrity, having been named by Fortune Magazine as one of the Best
Companies to Work For for 19 consecutive years and a World's Most
Ethical Company by Ethisphere for 11 consecutive years.
About Aflac
When a policyholder gets sick or hurt, Aflac pays cash benefits
fast. For more than six decades, Aflac insurance policies have
given policyholders the opportunity to focus on recovery, not
financial stress. In the United
States, Aflac is the leader in voluntary insurance sales 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
insurance products help provide protection to more than 50 million
people worldwide. For 11 consecutive years, Ethisphere has
recognized Aflac 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
in 2017 included Aflac on its list of Most Admired Companies for
the 16th time. 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
aflac.com/espanol.
Aflac herein means American Family Life Assurance Company of
Columbus and American Family Life
Assurance Company of New York.
Media contacts – Jon
Sullivan, 706.763.4813 or jsullivan@aflac.com
Aflac analyst and investor contact – David A. Young, 706.596.3264 or 800.235.2667,
FAX 706.324.6330, or dyoung@aflac.com
View original content with
multimedia:http://www.prnewswire.com/news-releases/statement-from-aflac-incorporated-regarding-recent-false-allegations-300582070.html
SOURCE Aflac Incorporated