COLUMBUS, Ga., Nov. 2, 2026 /PRNewswire/ — Aflac Incorporated announced today that as part of its long-term succession planning, subsidiaries Aflac Life Insurance Japan Ltd. (Aflac Japan) and Aflac U.S. will implement planned leadership transitions effective January 1, 2027.

Deputy President of Aflac Japan Shinsuke Morimoto will be promoted to President of Aflac Japan and Representative Director, responsible for Aflac Japan’s overall business execution. In addition to his expanded role at Aflac Japan, Morimoto will join the Aflac Holdings LLC Board of Managers, which oversees Aflac Japan as an insurance holding company licensed under Japan law.

Deputy President of Aflac U.S. Frederic J. Simard will be promoted to President of Aflac U.S., responsible for strategy, distribution and operations.

Masatoshi Koide (currently President of Aflac Japan, Representative Director) will assume the role of Chairman of Aflac Japan and Representative Director. In this role, he will lead Aflac Japan’s Board of Directors in conducting decision-making on important matters related to Aflac Japan, as well as oversight of its business operations. He will continue to serve on the Aflac Holdings LLC Board of Managers. Charles D. Lake II (currently Chairman of Aflac Japan and Representative Director) will become Executive Advisor of Aflac Japan and assume the role of Chairman of Aflac International, representing Aflac externally on international affairs. He will continue to serve on the Aflac Holdings LLC Board of Managers.

Regarding the announcements, Aflac Incorporated Chairman and CEO Daniel P. Amos said: “These leadership announcements are the result of the long-term and deliberate succession planning process and coordination overseen by Aflac Incorporated’s Board of Directors to ensure we have the right people in the right places at the right time. President of Aflac Incorporated Virgil Miller and I agree that the strength of our leadership bench is also a testament to the strong foundation created by Charles Lake and Masatoshi Koide, whose leadership has had a tremendous positive impact on Aflac Japan and across the Aflac organization.”

Miller added: “Shinsuke Morimoto has been with the Company for nearly four decades in positions of leadership across key areas, from Claims and Sales to Corporate Planning and Strategy.  He has played a vital role in developing Aflac Japan’s mid-term strategy and transforming Aflac Japan’s marketing and sales organization and human capital management system. I am excited about the results Shinsuke has delivered and confident that his deep understanding of our business, culture and strategy will help lead Aflac Japan successfully into the future.”

Miller went on to say: “Fred Simard brought more than 30 years of insurance experience when he joined Aflac U.S. in 2023 as senior vice president and chief financial officer. He was then promoted to executive vice president and chief operating officer of Aflac U.S. in 2025 and to deputy president of Aflac U.S. in early 2026. The three-plus decades of industry experience he has gathered across a broad range of business and financial areas provide the mix of leadership, discipline and expertise we need. I look forward to his continued contributions as we look ahead to Aflac U.S.”

ABOUT AFLAC INCORPORATED 
Aflac Incorporated (NYSE: AFL), a Fortune 500 company, has helped provide financial protection and peace of mind for more than seven decades 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.² The company takes pride in being there for its policyholders when they need us most, as well as being included in the World’s Most Ethical Companies by Ethisphere for 20 consecutive years (2026) and Fortune’s World’s Most Admired Companies for 25 years (2026). In addition, the company became a signatory of the Principles for Responsible Investment (PRI) in 2021. 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.

Aflac Incorporated periodically provides information for investors on its corporate website, investors.aflac.com, including information regarding its commitment to corporate social responsibility and sustainability, press releases, financial information, SEC filings, corporate governance materials, annual meeting information, and other information that may be important to investors.

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. Aflac Incorporated (the Parent Company) and its subsidiaries (collectively with the Parent Company, the Company) desire 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 or furnished to 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,” “strategy,” “may,” “should,” “estimate,” “intend,” “project,” “future,” “will,” “assume,” “potential,” “target,” “outlook,” “continue” or similar words as well as specific projections of future results, generally qualify as forward-looking. The Company undertakes no obligation to update such forward-looking statements, except as may be required by law.

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, including inflation
• defaults and credit downgrades of investments
• global fluctuations in interest rates and exposure to significant interest rate risk
• concentration of business in Japan
• limited availability of acceptable Japanese yen-denominated investments
• foreign currency fluctuations in the yen/dollar exchange rate
• differing interpretations applied to investment valuations
• significant valuation judgments in determination of expected credit losses recorded on the Company’s investments
• decreases in the Company’s financial strength or debt ratings
• decline in creditworthiness of other financial institutions
• the Company’s ability to attract and retain qualified sales associates, brokers, employees, and distribution partners
• deviations in actual experience from pricing and reserving assumptions
• ability to continue to develop and implement improvements in information technology systems and on successful execution of revenue growth and expense management initiatives
• interruption in telecommunication, information technology and other operational systems, or a failure to maintain the security, confidentiality,
• integrity or privacy of sensitive data residing on such systems, and uncertainty regarding the impact of the incident involving unauthorized access to the Company’s network in June 2025
• subsidiaries’ ability to pay dividends to the Parent Company
• inherent limitations to risk management policies and procedures
• operational risks of third-party vendors
• tax rates applicable to the Company may change
• failure to comply with restrictions on policyholder privacy and information security
• extensive regulation and changes in law or regulation by governmental authorities
• competitive environment and ability to anticipate and respond to market trends
• catastrophic events, including, but not limited to, epidemics, pandemics, tornadoes, hurricanes, earthquakes, tsunamis, war or other military action, major public health issues, terrorism or other acts of violence, and damage incidental to such events
• ability to protect the Aflac brand and the Company’s reputation
• ability to effectively manage key executive succession
• changes in accounting standards
• level and outcome of litigation or regulatory inquiries
• allegations or determinations of worker misclassification in the United States

Analyst and investor contact – David A. Young, 706.596.3264 or 800.235.2667 or aflacir@aflac.com

Media contact – Ines Gutzmer, 762.207.7601 or igutzmer@aflac.com

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SOURCE Aflac Incorporated