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Aflac Incorporated
Aflac Incorporated is an SEC-registered investment adviser in New York, NY, registered since 2021. The firm manages $133.5 billion in assets, with $118.6...
Aflac Incorporated
Aflac Incorporated is an SEC-registered investment adviser in New York, NY, registered since 2021. The firm manages $133.5 billion in assets, with $118.6 billion on a discretionary basis. It employs 110 people and has 39 registered investment advisers.
General information
Firm type
Corporate Treasury
Year founded
1955
Location
Region
North America
Country
United States
City
New York
Corporate office
Columbus, GA, United States
Additional offices
Des Moines, IA · Paris, France · Emeryville, CA · Boston, MA · Houston, TX · New York, NY · Elgin, SC
Principals
Daniel P. Amos
Chairman & CEO
Frederick J. Crawford
EVP & CFO
Virgil R. Miller
President & COO
Sector focus
Frequently asked questions
Who runs investment decisions at Aflac?
Investment decisions are overseen by Frederick J. Crawford, EVP & CFO, supported by a dedicated in-house investment team. The team reports through Crawford to the board's investment committee. The firm does not publicly name a standalone CIO.
How does Aflac source proprietary deal flow?
Aflac sources directly through internal team relationships with private equity and real estate sponsors, and via co-investment opportunities from existing fund relationships. The firm is known to commit to vehicles managed by KKR, Blackstone, and Apollo (per public filings and press reports).
Is Aflac structured as a single family office or does it operate more like a corporate treasury?
Aflac operates as a corporate treasury for its insurance operations, not as a family office. It manages the float from premiums. The investment approach—direct allocations, fund commitments, co-investments—resembles a multi-asset institutional allocator.
Does Aflac participate in fund commitments or only direct deals?
Aflac does both. It commits to institutional private equity, credit, and real estate funds. It also pursues direct co-investments alongside sponsors. The portfolio is tilted toward funds for liquidity management.
What investment stages does Aflac typically target?
Aflac targets core fixed income for liability matching, and growth-oriented private equity, real estate, and infrastructure for yield enhancement and diversification. Stage preference spans buyout, credit, and infrastructure funds.
Which sectors does Aflac explicitly avoid?
Aflac has not publicly stated explicit avoidance screens. Its portfolio is concentrated in investment-grade fixed income and institutional-grade private markets. No public stance on avoiding specific sectors.
Where does the underlying wealth come from?
Capital comes from Aflac's insurance business — premiums collected from US and Japanese customers. The float generates a steady stream for investment, and the portfolio is managed to support claims payment and capital adequacy.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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