Tranche Update on Aflac Incorporated's Equity Buyback Plan announced on August 8, 2017.
July 29, 2021 at 11:42 pm IST
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From April 1, 2021 to June 30, 2021, the company has repurchased 9,174,304 shares, representing 1.35% for $500.18 million. With this, the company has completed the repurchase of 103,459,454 shares, representing 14.32% for $4,985.9 million under the buyback announced on August 8, 2017.
Aflac Incorporated is a life insurance group organized around 3 sectors of activity:
- sale of health and life insurance products in Japan (57.7% of net sales): including cancer life plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans and annuities;
- sale of health and life insurance products in the United States (39.5%): including accident/disability plans, cancer expense plans, short-term disability plans, sickness and hospital indemnity plans, hospital intensive care plans, fixed-benefit dental plans, vision care plans, and long-term care plans;
- other (2.8%).