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columbus, georgia When Seattle, November 10, 2022 /PRNewswire/ — Aflac Incorporated (NYSE: AFL), a Fortune 500 company, protects more than 50 million people in the United States. Japan When usaand Trupanion, Inc. (Nasdaq: TRUP), a leader in medical insurance for cats and dogs, announced a joint venture with Aflac Life Insurance Japan and Trupanion to offer high-value pet insurance in Japan. JapanThe joint venture, Aflac Pet Insurance, will leverage Aflac’s strong brands, insurance expertise and extensive distribution network. Japan With Trupanion’s expertise and leadership in pet insurance,
Beginning in the second half of 2023 and pending the necessary regulatory approvals, Aflac Pet Insurance is designed to help pet owners budget for unexpected pet care. We offer premium pet medical insurance.
“We are pleased to extend our partnership with U.S. pet insurance industry leader Torpanion to expand our value proposition in the Japanese market. Frederick J. Crawford, President and Chief Operating Officer of Aflac. “This joint venture will combine Aflac’s brand recognition, extensive distribution network and industry leadership. Japan The Torpanion brand has a strong reputation and expertise in the pet insurance industry. “
“Aflac Pet Insurance advances Aflac’s commitment to creating shared value as a leading company that enables people to ‘live their own way’ through solutions that meet the needs of Aflac Japan.” Masatoshi Koide, President of Aflac Japan. “We believe this product offers greater value than any pet insurance currently available in the market and is a great complement to our core third sector product portfolio, providing protection for individuals and families.” .”
“We are excited to enter Japan “Through our partnership with Aflac, Aflac remains a shareholder and partner.” Margi’s Tooth, President Torpanion. “We see opportunities in the Japanese market for pet insurance products in collaboration with the veterinary community, and we look forward to partnering with Aflac to build trust among veterinarians and their staff. Japanese Over 10,000 animal hospitals. Together, we’ll ensure Aflac-insured pets receive the best veterinary care, regardless of the cost of treatment. ”
About Aflac
Aflac Incorporated (NYSE: AFL) is a Fortune 500 company that provides insurance to more than 50 million people through its subsidiaries. Japan In the United States, quick cash payments are made to policyholders when they become ill or injured. For more than 60 years, Aflac Incorporated subsidiary insurance policies have given policyholders the opportunity to focus on recovery rather than economic stress. In the United States, Aflac is the number one provider of supplemental health insurance products.1Aflac Life Insurance Japan is a leading provider of medical and cancer insurance. Japan, guarantees 1 in 4 households. In 2021, Aflac Incorporated was named one of the World’s Most Ethical Companies by Ethisphere for the 16th consecutive year. Also, in 2021, the company will be included in the Dow Jones Sustainability North America Index and become a signatory to the Principles for Responsible Investment (PRI). In 2022, Aflac Incorporated will be named to Fortune’s World’s Most Admired Companies list for the 21st time and Bloomberg’s Gender Equality Index for the third consecutive year. For costs not covered by health insurance, please visit aflac.com or aflac.com/español. Investors can learn more about Aflac Incorporated and his commitment to ESG and social responsibility at investors.aflac.com under “Sustainability”.
1 LIMRA 2021 US Supplemental Health Insurance Total Market Report |
About Torpanion
Torpanion is the leader in medical insurance for cats and dogs. usa, Canada, Europe, Puerto Rico When Australia Over 800,000 registered pets. For more than 20 years, Torpanion has provided pet owners with peace of mind so they can focus on their pets’ recovery instead of financial stress. Trupanion is committed to providing pet owners with the best value pet medical insurance and unlimited payments for the life of their pet. With our patented process, Torpanion is the only provider with the technology to pay your veterinarian directly at checkout in seconds. Trupanion is listed on his NASDAQ under the symbol “TRUP”. The company was founded in 2000 by him and is headquartered in the United States. Seattle, Washington. The Torpanion Policy was issued, usaby the wholly-owned insurance company American Pet Insurance Company, and Canada, by Omega General Insurance Company. Torpanion Australia is a partnership between Torpanion and Hollard Insurance Company. For more information, visit trupanion.com.
Forward-Looking Information
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” to encourage companies to provide forward-looking information. They differ materially from those contained in the forward-looking statements. Aflac and Torpanion hope to take advantage of these provisions. This document contains warning statements that identify important factors that could cause actual results to differ materially from those projected herein. It is also contained in other statements made by company officers in communication with the financial industry and contained in documents filed with the Securities and Exchange Commission (SEC). Forward-looking statements are not based on historical information; Implementing Alliances, Exploring Opportunities Japan, Aflac’s acquisition of shares in Torpanion and future business, strategy, financial results or other developments; In addition, forward-looking information is subject to a number of assumptions, risks and uncertainties. In particular, “expect”, “predict”, “believe”, “goal”, “aim”, “could”, “should”, “estimate”, “intend”, “plan Statements containing words such as “will”, “plan”, “assume”, “potential”, “target”, “outlook” or similar words and certain predictions of future results are generally forward-looking statements. is considered. Aflac and Torpanion undertake no obligation to update such forward-looking statements.
The companies caution readers that the following factors, in addition to other factors mentioned from time to time in their respective SEC filings, could cause actual results to differ materially from those contemplated in the forward-looking statements. I warn you.
- Difficult conditions in global capital markets and economies, including those caused by COVID-19
- Investment defaults and credit downgrades
- Exposure to significant interest rate risk
- business concentration in Japan
- Limited availability of acceptable yen-denominated investments
- Yen/dollar exchange rate foreign exchange fluctuations
- Different Judgments Applied to Investment Valuation
- Significant valuation judgments in determining expected credit losses recorded on our investments
- A decline in the company’s financial position or debt rating
- Declining creditworthiness of other financial institutions
- concentration of our investments in a particular single issuer or sector;
- The impact of COVID-19 and its variants (both known and new) and the resulting economic impact and impact of government interventions on the company’s business and financial results
- Ability to attract and retain qualified salespeople, brokers, employees and distribution partners
- Deviation of actual experience from pricing and booking assumptions
- Ability to continuously develop and implement improvements to information technology systems
- Disruption of telecommunications, information technology, and other systems of operation, or failure to maintain the security, confidentiality, or privacy of sensitive data in such systems;
- Ability of a subsidiary to pay dividends to its parent company
- Limitations Inherent in Risk Management Policies and Procedures
- Third-party vendor operational risk
- The tax rates applicable to us are subject to change
- Failure to comply with policyholder privacy and information security restrictions
- Extensive regulation by government authorities and changes in laws or regulations
- Ability to anticipate and respond to the competitive environment and market trends
- Catastrophic events, including but not limited to climate change, epidemics, pandemics (such as coronavirus COVID-19), tornadoes, hurricanes, earthquakes, tsunamis, wars or other military actions, the result of terrorism or other acts of violence; , and damages incidental thereto
- Ability to protect Aflac’s brand and company reputation
- Ability to effectively manage succession of key executives
- Changes in accounting standards
- Level of litigation and outcome
- Allegations or Determinations of Misclassification of Workers in usa
Aflac Corporation
Analyst and Investor Contacts – David A. Young706.596.3264 or 800.235.2667 or [email protected]
Media Contact – Ines Gutzmer762.207.7601 or [email protected]
Torpanion
Laura BainbridgeCorporate Communications Officer, 206.607.1929 or [email protected]
Source: Aflac Inc.
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