COLUMBUS, Ga., April 27, 2012 /PRNewswire/ -- Aflac, the number one provider of supplemental insurance in the United States, serving more than 50 million people worldwide, is ranked number 214 on the 2012 Forbes Global 2000 list of the world's biggest public companies.
"Aflac's growth has been extraordinary," Aflac Chairman and CEO Dan Amos said. "Our rise from humble beginnings as a regional insurance company to one of the largest companies in the world is a testament to our time-tested business model that puts our customers and the shareholders who own our company first."
Forbes compiles the Global 2000 list by screening Interactive Data, Thomson Reuters Fundamentals and Worldscope databases via FactSet Research Systems for publicly traded companies. Using these databases as its primary sources of data, Forbes screens for the biggest companies in four metrics; sales, profits, assets and market value. The market value calculation is as of March 16 closing prices, including all common shares outstanding. All figures are consolidated and in U.S. dollars.
Aflac amassed $22.2 billion in revenues in 2011 and $2 billion in profits. The company operates in the United States on both group and individual platforms and in Japan, where Aflac is the number one life insurance company in terms of individual policies in force. Aflac is listed on the New York Stock Exchange and is currently ranked number 125 on the Fortune 500.
In 2009, Aflac expanded it's presence in the supplemental insurance industry by acquiring Continental American Insurance Company in Columbia, South Carolina and rebranding the company as Aflac Group Insurance, enabling the leading supplemental insurance company to market its insurance plans through both the individual and group insurance platforms. Aflac recently announced that they are currently hiring and will hire an additional 400 people at its operations in Columbia and 225 at its headquarters in Columbus, Georgia, by the end of 2012 to accommodate current and anticipated growth. A listing of available jobs at Aflac is located at Aflac.com/careers.
When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For more than 55 years, Aflac insurance policies have helped provide a safety net and given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the number one provider of guaranteed-renewable insurance. In Japan, Aflac is the number one life insurance company in terms of individual policies in force. Aflac insurance provides protection to more than 50 million people worldwide. For six consecutive years, Aflac has been recognized by Ethisphere magazine as one of the World's Most Ethical Companies. In 2012, Fortune magazine recognized Aflac as one of the 100 Best Companies to Work For for the 14th consecutive year. Also, Fortune magazine included Aflac on its list of Most Admired Companies for the 11th time in 2012. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac, visit aflac.com or aflacenespanol.com.