Aflac Incorporated, founded in 1955 and headquartered in Columbus, Georgia, is a major American insurance company. It is the largest supplemental insurance provider in the U.S., offering a range of policies. Aflac is particularly known for its payroll deduction insurance, which provides cash benefits to policyholders experiencing covered accidents or illnesses. The company states it provides financial protection to over 50 million people globally.
Aflac, the insurance company, disclosed a cybersecurity incident where cybercriminals breached their systems. The breach may have exposed sensitive customer data, including health information and Social Security numbers, raising concerns about identity theft and privacy violations.
In 1955, American Family Life Assurance Company, now known as Aflac, was founded in Columbus, Georgia.
In 1958, Aflac pioneered cancer insurance.
Beginning in 1964, the company decided to focus sales on worksite settings, eventually through policies sponsored by employers and funded through payroll deductions.
In 1964, the company's name was changed to American Family Life Assurance Company of Columbus.
In 1974, Aflac had its initial public offering and was listed on the New York Stock Exchange.
From 1979, Aflac owned several television stations, mostly in small and medium markets.
In 1990, the company adopted the Aflac acronym, though the official name of the underwriting subsidiary remains American Family Life Assurance Company of Columbus.
In 1997, AFLAC spent $175,000 on lobbyists and campaign contributions to change the law.
In 1997, Aflac sold its broadcasting division, including flagship station WTVM, to what became Raycom Media.
In 1998, New York State lifted its ban for purchasers who already have basic coverage.
Since December 1999, Aflac's brand has become widely recognized in the United States due to TV commercials featuring the Aflac Duck, created by Kaplan Thaler Group.
Starting in 2001, Aflac and Macy's have partnered to sell the annual Aflac holiday plush duck in select Macy's stores nationwide to donate to children's cancer facility.
By 2003, more than 98% of Aflac policies in the United States were issued on a payroll deduction basis, making the company a leader in that approach to policy distribution.
In 2003, celebrities like Chevy Chase and Yogi Berra starred in Aflac ads.
The All-American Awards banquet was first held in 2003. The banquet follows the annual All-American Baseball Classic.
In 2004, Aflac National High School Baseball Player of the Year was first presented.
In 2004, the United States Olympic synchronized swimming team starred in Aflac ads.
In 2005, Melania Trump starred in an Aflac ad, and the company logo was changed to incorporate the duck.
In 2006, Commercials requesting the submissions, first aired and resemble a silent movie.
Starting in 2008, NASCAR Cup Series driver Carl Edwards starred in Aflac ads until 2014.
In 2009, Aflac acquired Continental American Insurance Company for $100 million, which allowed them to sell supplemental insurance on individual and group platforms.
On March 14, 2011, Gilbert Gottfried was dismissed as the voice of the Aflac duck due to jokes on his Twitter account referencing the Tōhoku earthquake and tsunami.
On March 23, 2011, Aflac announced that the company was taking applications for the new voice of the Aflac Duck through QuackAflac.com.
On April 26, 2011, Daniel McKeague was announced as the new voice of the Aflac duck.
On May 1, 2011, the first Aflac commercial featuring the duck's new voice aired.
Aflac participated in the Macy's Thanksgiving Day Parade from 2011.
In 2011, the name of the all-star game was changed to the Perfect Game All-American Classic.
As of June 30, 2012, Aflac was represented by approximately 19,300 sales agencies in Japan and 76,900 licensed sales associates in the U.S.
Paul Amos, one of the brothers who founded the company, died in 2014.
Until 2014, NASCAR Cup Series driver Carl Edwards starred in Aflac ads since 2008.
In June 2015, Aflac announced the appointment of Frederick J. Crawford as Chief Financial Officer and Executive Vice President.
As of June 30, 2015, Aflac's total assets were more than $103 billion, and the company insured more than 50 million people worldwide.
In 2018, an Aflac ad inserted an animated Aflac duck into the opening credits of the DuckTales reboot.
Aflac participated in the Macy's Thanksgiving Day Parade until 2019.
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