Company ranks No. 1 in industry for second consecutive year in Long-term Investment category

COLUMBUS, Ga., Feb. 6, 2024 /PRNewswire/ -- Aflac Incorporated has been named to Fortune Magazine's list of World's Most Admired Companies for the 23^rd time, ranking No. 1 in the Insurance: Life and Health category as a long-term investment for the second consecutive year. Fortune unveiled its annual list following a survey of executives, directors and analysts who analyze companies within their own industry. Survey respondents provide opinions related to nine criteria, including how companies size up on investment value, quality of management, social responsibility, innovation and more. A company's score must rank in the top half of its industry to hold a place on this list.

"We are extremely grateful that Aflac has once again been named to the prestigious Fortune World's Most Admired Companies list for the 23^rd time and that we are ranked No.1 in the long-term investment category within our industry," said Aflac Incorporated Chairman, CEO and President Dan Amos. "I believe people invest in Aflac for the long-term because they know the quality of our products and services and because of our careful approach to ensuring shareholder value."

Aflac recently reported that 2023 marked the 41^st consecutive year it has increased its dividend to shareholders, demonstrating remarkable stewardship and efficient management of company resources.

Amos is among the longest tenured CEO in the Fortune 500. In his 34 years at the helm, he has stewarded incredible financial results, including increasing Aflac Incorporated's stock price from 95 cents per share in 1990 to its current value, exceeding $76 per share, with a market cap of $44.2 billion. Additionally, the company's total shareholder return — including reinvested cash dividends — was 15,446.9% as of the end of 2023.

Learn more about the Fortune World's Most Admired list at www.fortune.com/worlds-most-admired-companies.

ABOUT AFLAC INCORPORATED

Aflac Incorporated (NYSE:AFL), a Fortune 500 company, has helped provide financial protection and peace of mind for more than 68 years to millions of policyholders and customers through its subsidiaries in the U.S. and Japan. In the U.S., Aflac is the No. 1 provider of supplemental health insurance products.¹ In Japan, Aflac Life Insurance Japan is the leading provider of cancer and medical insurance in terms of policies in force. The company takes pride in being there for its policyholders when they need us most, as well as being included in 2023 in the World's Most Ethical Companies by Ethisphere for 17 consecutive years, Fortune's World's Most Admired Companies for 23 years and Bloomberg's Gender-Equality Index for the fourth consecutive year. In addition, the company became a signatory of the Principles for Responsible Investment (PRI) in 2021 and has been included in the Dow Jones Sustainability North America Index (2023) for 10 years. To find out how to get help with expenses health insurance doesn't cover, get to know us at aflac.com or aflac.com/espanol. Investors may learn more about Aflac Incorporated and its commitment to corporate social responsibility and sustainability at investors.aflac.com under "Sustainability."

¹LIMRA 2022 U.S. Supplemental Health Insurance Total Market Report

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

Media contact – Jon Sullivan, 706-763-4813 or jsullivan@aflac.com

Analyst and investor contact – David A. Young, 706-596-3264, 800-235-2667 or dyoung@aflac.com

Aflac | Aflac New York | WWHQ | 1932 Wynnton Road | Columbus, GA 31999

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SOURCE Aflac

Aflac Incorporated a Fortune Most Admired Company for 23rd time