| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022-12-31 | voluntary_separation | completed | 2020-09-01 | 2021-03-31 | United States | Corporate | USD 43 (millions) | Note 14. Benefit Plans f5-10k / Qwen3.6-27B-Q8_0 | Program announced in Sept 2020; most transitions completed by Dec 31, 2020, with a small number continuing into Q1 2021. Charge recorded in 2020. | ||
| 2021-12-31 | voluntary_separation | completed | 2020-09 | United States | Certain U.S. employees | USD 43 (millions) | other f5-10k / GLM-5.3-flash-HTML | Program announced September 2020 for certain U.S. employees; most transitions completed by December 31, 2020, with a small number continuing into Q1 2021 (fiscal 2021). One-time severance charge recorded in Q4 2020. No employee count disclosed. | |||
| 2021-12-31 | voluntary_separation | completed | 2020-09 | 2021-03-31 | United States | USD 43 (millions) | Note 14. Benefit Plans f5-10k / Qwen3.6-27B-Q8_0 | Announced Sept 2020. Most transitions completed by Dec 31, 2020, with a small number continuing into Q1 2021. One-time severance charge of $43 million recorded in Q4 2020. | |||
| 2020-12-31 | voluntary_separation | completed | 2020-09 | 2020-12-31 | United States | Certain U.S. employees (Aflac U.S. / Parent Company) | USD 43 (millions) | other f5-10k / GLM-5.3-flash-HTML | One-time severance charge recorded in Q4 2020; most transitions completed by December 31, 2020, with a small number continuing into Q1 2021. Package included twelve months of salary, 2020 targeted bonus payout, and one year of COBRA or retiree medical where eligible. Number of participating employees not disclosed. | ||
| 2020-12-31 | acquisition_addition | completed | 2020-11 | United States | Aflac U.S. (via Aflac and Aflac New York) | USD 140 (millions) | other f5-10k / GLM-5.3-flash-HTML | Acquisition of Zurich North America's U.S. Corporate Life and Pensions business (group life, disability and absence management products) completed November 2020; associated value is total purchase consideration, not a severance/restructuring charge. Acquired employee headcount not disclosed. Company also agreed to reinsure in-force group life and disability policies on an indemnity basis. | |||
| 2020-12-31 | voluntary_separation | in_progress | 2020-09 | 2021-03-31 | United States | Aflac U.S. / certain U.S. employees | USD 43 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Package included twelve months of salary, targeted 2020 bonus and one year of COBRA/retiree medical. Most transitions completed by 2020-12-31 with a small number continuing into Q1 2021; charge recorded in Q4 2020. Number of participating employees not disclosed. | ||
| 2020-12-31 | acquisition_addition | completed | 2020-11 | 2020-11 | United States | Aflac U.S. | USD 140 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Total consideration of $140 million; acquired group life, disability and absence management business plus supporting assets and platform. Headcount transferred not disclosed. | ||
| 2020-12-31 | voluntary_separation | completed | 2020-09-01 | 2020-12-31 | United States | Corporate and Other | USD 43 (millions) | Item 1. Business - Human Capital f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Voluntary separation program for certain U.S. employees announced in September 2020. Most transitions completed by December 31, 2020. | ||
| 2020-12-31 | voluntary_separation | completed | 2020-09 | 2020-12-31 | United States | Corporate | USD 43 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Voluntary separation program for certain U.S. employees. Most transitions completed by Dec 31, 2020, with a small number continuing into Q1 2021. Employee count not disclosed. | ||
| 2020-09-30 | voluntary_separation | announced | 2020-09-15 | 2020-12-31 | United States | Aflac U.S. / Parent Company | USD 45 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Volunteer period ran 2020-09-15 to 2020-10-01; participants notified in October 2020. Package includes 12 months salary, targeted 2020 bonus, and one year of COBRA/retiree medical. Number of employees affected not disclosed. | ||
| 2020-09-30 | voluntary_separation | announced | 2020-09-30 | 2020-12-31 | United States | Corporate and Other | USD 45 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Voluntary separation program for certain U.S. employees announced in September 2020. Volunteer period opened Sept 15 and closed Oct 1. Company expects a one-time severance charge of approx $45 million in Q4 2020. Transitions expected to be completed by Dec 31, 2020. | ||
| 2019-12-31 | acquisition_addition | completed | 2019-11 | United States | Aflac U.S. — dental and vision platform (Tampa, Florida) | USD 75 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired Argus Holdings, LLC and Argus Dental & Vision; headcount added through the acquisition not disclosed. Plus contingent consideration of up to $21 million over three years tied to performance targets. | |||
| 2019-12-31 | acquisition_addition | completed | 2019-11-30 | United States | Aflac U.S. | USD 75 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | November 2019 acquisition of Argus Holdings, LLC and Argus Dental & Vision, Inc.; $75 million paid at closing plus up to $21 million contingent consideration over three years. No headcount added through the acquisition is disclosed. | |||
| 2014-12-31 | restructuring | completed | 2014-10-01 | United States | Aflac U.S. sales organization | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Sales-hierarchy reorganization begun in Q3 2014: commission-based state sales coordinator positions were eliminated and replaced by salaried market director roles effective October 1, 2014. Compensation-model change; no affected headcount or charge disclosed. | ||||
| 2014-12-31 | other | completed | 2014-10-01 | 2014-12-31 | United States | Aflac U.S. sales organization | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Eliminated the commission-based state sales coordinator role and created salaried market director positions effective October 1, 2014; no affected-employee count or charge disclosed. Implemented alongside pay-for-performance changes to district sales coordinator compensation in Q3-Q4 2014. | |||
| 2009-12-31 | acquisition_addition | completed | 2009-10-01 | 2009-10-01 | United States | Aflac U.S. | USD 100 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Parent Company acquired Continental American Insurance Group (CAIG), including subsidiary CAIC, closing in Q4 2009 with segment inclusion effective October 1, 2009. Purchase consideration was $100 million, funded with internal capital; $97 million of net assets recognized at fair value. Number of employees added through the acquisition was not disclosed. | ||
| 2009-12-31 | acquisition_addition | completed | United States | Aflac U.S. | USD 100 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closed in Q4 2009; $100 million purchase of Continental American Insurance Group, Inc. (CAIG), including subsidiary CAIC, recognized $97 million of net assets at fair value. CAIC included in the Aflac U.S. segment effective 2009-10-01. No headcount associated with the acquisition is disclosed. | ||||
| 2009-12-31 | acquisition_addition | completed | 2009-12-31 | 2009-12-31 | United States | Aflac U.S. | USD 100 (millions) | Item 1. Business f5-10k / Qwen3.6-27B-Q8_0 | Parent Company purchased Continental American Insurance Group, Inc. (CAIG) in Q4 2009 for $100 million. Specific headcount added not disclosed. | ||
| 2009-09-30 | acquisition_addition | completed | 2009-07-01 | 2009-10-01 | United States | Aflac U.S. | USD 100 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Continental American Insurance Group, Inc. (CAIC) for $100 million. Closed in October 2009. Headcount not disclosed. | ||
| 2009-06-30 | acquisition_addition | announced | 2009-07-29 | 2009-12-31 | United States (Columbia, South Carolina) | Aflac U.S. — voluntary group insurance | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to purchase Continental American Insurance Group, Inc. (including Continental American Insurance Company) for $100 million, funded with internal capital; expected to close in Q4 2009. No headcount disclosed. | |||
| 2005-09-30 | other | in_progress | Japan | Aflac Japan distribution | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Agency recruitment program: nearly 900 agencies recruited in Q3, bringing cumulative 2005 recruitment to more than 3,100 agencies as of September 30, 2005; 2005 goal is 4,400 agencies. Expansion, not a reduction. | |||||
| 2005-09-30 | other | in_progress | United States | Aflac U.S. operations | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | 90-day premium-payment grace period granted in hurricane-affected areas; state-mandated grace periods extend into 2006. Increase in lapsed policies expected once grace periods end; no persistency impact in Q3. No workforce reduction disclosed. | |||||
| 2004-12-31 | other | completed | United States | Aflac U.S. — sales management | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Management reorganization described as the primary cause of below-target 2004 U.S. sales growth; no employee counts, separation terms, or charges disclosed. Changes were continuing to affect associate recruiting, productivity and sales during 2004. | |||||
| 1998-12-31 | acquisition_addition | completed | 1998 | Japan | AFLAC Japan — policyholder services and direct marketing | USD 8 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Small Japanese insurance agency purchased in 1998; $8 million cash consideration per parent-only cash flow statement (Schedule II). Acquired headcount not disclosed. | |||
| 1998-12-31 | divestiture_reduction | completed | 1998-12-31 | Taiwan | All other operations — insurance | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Sale of the Taiwan insurance operation closed December 31, 1998, producing a nominal gain. Employees affected not disclosed. 1997 Canadian subsidiary sale excluded as prior fiscal year. | ||||
| 1998-12-31 | acquisition_addition | completed | 1998-12-31 | Japan | Insurance Agency | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Company purchased a small Japanese insurance agency in 1998. Headcount not specified. | ||||
| 1998-12-31 | divestiture_reduction | completed | 1998-12-31 | Taiwan | Insurance | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Sold insurance operation in Taiwan on December 31, 1998. Headcount not specified. | ||||
| 1997-12-31 | divestiture_reduction | completed | 1997-04-15 | United States | Broadcast operations (network-affiliated television stations) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Completed disposal of seven-station broadcast business; remaining six stations closed April 15, 1997 with a 1997 pretax gain of $267.2 million (seventh station closed December 31, 1996). Number of employees affected was not disclosed. | ||||
| 1997-12-31 | divestiture_reduction | completed | 1997-03-12 | Canada | Insurance (Canadian subsidiary) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Canadian insurance subsidiary sold at a nominal gain; employees affected not disclosed. Filer also recognized 1997 expense charges for estimated termination costs related to other operations. | ||||
| 1997-12-31 | divestiture_reduction | completed | 1997-04-15 | United States | Broadcast Division | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of seven network-affiliated television stations completed in 1997; six stations closed April 15, 1997. No employee headcount impact disclosed. | ||||
| 1997-12-31 | divestiture_reduction | completed | 1997-03-12 | Canada | Insurance | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Canadian insurance subsidiary sold March 12, 1997 at a nominal gain; no employee headcount impact disclosed. | ||||
| 1997-12-31 | divestiture_reduction | completed | 1997-12-31 | United States | Broadcast Division | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Company completed sale of broadcast business (seven TV stations) in 1997. No specific employee count disclosed for this divestiture. | ||||
| 1997-12-31 | divestiture_reduction | completed | 1997-03-01 | 1997-03-12 | Canada | Insurance | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Sold minor Canadian insurance subsidiary in March 1997. No specific employee count disclosed. | |||
| 1997-12-31 | restructuring | completed | 1997-12-31 | Other | Other Operations | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Additional expense charges recognized in 1997 for estimated termination costs related to other operations (including Taiwan). No specific employee count disclosed. | ||||
| 1996-12-31 | divestiture_reduction | in_progress | 1996 | 1997 | United States | Broadcast Division (seven network-affiliated television stations) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Definitive agreements signed during 1996 to sell the entire broadcast division. Sale of the WAFB-TV station closed December 31, 1996; the remaining six stations were expected to close in the first half of 1997, subject to FCC approval. The division employed 477 full-time and 87 part-time employees at December 31, 1996; no combined division headcount was stated. | |||
| 1996-12-31 | divestiture_reduction | completed | 1996 | 1997-03-12 | Canada | Minor Canadian insurance subsidiary (Other operations) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Sale process disclosed as underway as of December 31, 1996; the transaction closed March 12, 1997, after fiscal year-end but before the filing date. Affected employee count was not disclosed. | |||
| 1996-12-31 | divestiture_reduction | in_progress | 1996-12-31 | 1997-06-30 | United States | Broadcast Division (seven network-affiliated television stations) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive agreements entered during 1996 for sale of all seven TV stations; total pretax gain estimated at $325M. One station (WAFB-TV) closed 1996-12-31; remaining six expected to close in first half of 1997. Broadcast Division employed 477 full-time and 87 part-time at year-end; employee count affected by sale not separately stated. | |||
| 1996-12-31 | divestiture_reduction | completed | 1997-03-12 | 1997-03-12 | Canada | Canadian insurance subsidiary | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event: minor Canadian insurance subsidiary sold on 1997-03-12, after fiscal year-end but before filing date. Headcount affected not disclosed. | |||
| 1996-12-31 | divestiture_reduction | completed | 1996-12-31 | 1996-12-31 | United States | Broadcast | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Sale of WAFB-TV closed Dec 31, 1996. Remaining 6 stations expected to close in H1 1997. Employee count for WAFB not explicitly disclosed, though total Broadcast division had 564 employees at year-end. | |||
| 1996-12-31 | divestiture_reduction | completed | 1997-03-12 | 1997-03-12 | Canada | Other Insurance | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Sold minor Canadian insurance subsidiary on March 12, 1997. Employee count not disclosed. | |||
| 1996-09-30 | divestiture_reduction | in_progress | 1996-08-13 | 1996-12-31 | United States | Broadcast Division (seven network-affiliated television stations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sales agreements entered August 1996; closing subject to FCC approval, expected late 1996 or early 1997. No employee counts or workforce impact disclosed. Also referenced in Part II Item 6 (Form 8-K dated 1996-08-13). |