Aflac and Trupanion Announce Joint Endeavor

COLUMBUS, Ga. and SEATTLE, Nov. 10, 2022/ PRNewswire/– Aflac Incorporated (NYSE: AFL), a Fortune 500 business that assists safeguard more than 50 million individuals in Japan and the United States, and Trupanion, Inc. (Nasdaq: TRUP), a leader in medical insurance coverage for felines and pet dogs, are revealing a joint endeavor in between Aflac Life Insurance Coverage Japan and Trupanion to supply high-value animal insurance coverage in Japan The joint endeavor, Aflac Animal Insurance coverage, will take advantage of Aflac’s strong brand name, insurance coverage proficiency, and broad circulation network in Japan with Trupanion’s proficiency and management in animal insurance coverage.

Starting in the 2nd half of 2023, pending essential regulative approvals, Aflac Animal Insurance coverage will use high-value animal medical insurance coverage created to assist animal owners budget plan for unanticipated take care of their family pets.

” We are delighted to broaden our collaboration with Trupanion, the market leader in U.S. animal insurance coverage, to increase our worth proposal in the Japanese market,” stated Frederick J. Crawford, president and Chief Operating Officer of Aflac Incorporated. “This joint endeavor will integrate Aflac’s brand name acknowledgment, broad circulation network and market management in Japan with Trupanion’s brand name, strong credibility and proficiency within the animal insurance coverage market.”

” Aflac Animal Insurance coverage will advance Aflac Japan’s efforts to develop shared worth as the leading business concentrated on allowing ‘Residing in your own method’ through services that fulfill their requirements,” stated Masatoshi Koide, president of Aflac Japan. “Our company believe this offering will supply people and households with defense that is both of greater worth than any animal insurance coverage presently readily available in the market and an excellent enhance to our core 3rd sector item portfolio.”

” We are delighted to get in Japan through our alliance with Aflac, which stays an encouraging investor and partner,” stated Margi Tooth, President of Trupanion. “We see a chance within the Japanese market for an animal insurance coverage item that is lined up with the veterinary neighborhood. We anticipate partnering with Aflac to develop trust amongst vets and their personnel at Japan’s more than 10,000 veterinary health centers. Together, we will guarantee Aflac insured family pets have the ability to get the very best veterinary care, no matter treatment expense.”

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ABOUT AFLAC INCORPORATED
Aflac Incorporated (NYSE: AFL) is a Fortune 500 business assisting supply defense to more than 50 million individuals through its subsidiaries in Japan and the U.S., paying money quick when insurance policy holders get ill or hurt. For more than 6 years, insurance plan of Aflac Incorporated’s subsidiaries have actually offered insurance policy holders the chance to concentrate on healing, not monetary tension. In the U.S., Aflac is the primary company of additional medical insurance items ¹ Aflac Life Insurance Coverage Japan is the leading company of medical and cancer insurance coverage in Japan, where it guarantees 1 in 4 families. In 2021, Aflac Incorporated was happy to be consisted of as one of the World’s Many Ethical Business by Ethisphere for the 16th successive year. Likewise in 2021, the business was consisted of in the Dow Jones Sustainability The United States And Canada Index and ended up being a signatory of the Concepts for Accountable Financial Investment (PRI). In 2022, Aflac Incorporated was consisted of on Fortune’s list of World’s Many Appreciated Business for the 21st time and Bloomberg’s Gender-Equality Index for the 3rd successive year. To discover how to get assist with costs medical insurance does not cover, learn more about us at aflac.com or aflac.com/español. Financiers might discover more about Aflac Incorporated and its dedication to ESG and social duty at investors.aflac.com under “Sustainability.”

ABOUT TRUPANION
Trupanion is a leader in medical insurance coverage for felines and pet dogs throughout the United States, Canada, Europe, Puerto Rico and Australia with over 800,000 family pets registered. For over 20 years, Trupanion has actually offered animal owners comfort so they can concentrate on their animal’s healing, not monetary tension. Trupanion is devoted to offering animal owners with the greatest worth in pet medical insurance coverage with limitless payments for the life of their family pets. With its trademarked procedure, Trupanion is the only company with the innovation to pay vets straight in seconds at the time of checkout. Trupanion is noted on NASDAQ under the sign “TRUP.” The business was established in 2000 and is headquartered in Seattle, WA. Trupanion policies are released, in the United States, by its wholly-owned insurance coverage entity American Animal Insurer and, in Canada, by Omega General Insurance Provider. Trupanion Australia is a collaboration in between Trupanion and Hollard Insurance Provider. To find out more, please check out trupanion.com.

POSITIVE DETAILS
The Personal Securities Lawsuits Reform Act of 1995 supplies a “safe harbor” to motivate business to supply potential info, so long as those educational declarations are determined as positive and are accompanied by significant cautionary declarations recognizing crucial elements that might trigger real outcomes to vary materially from those consisted of in the positive declarations. Aflac and Trupanion desire to make the most of these arrangements. This file includes cautionary declarations recognizing crucial elements that might trigger real outcomes to vary materially from those predicted herein, and in any other declarations made by business authorities in interactions with the monetary neighborhood and consisted of in files submitted with the Securities and Exchange Commission (SEC). Positive declarations are not based upon historic info and associate with application of the alliance, the expedition of chances in Japan, the acquisition of Trupanion equity by Aflac, and future operations, techniques, monetary outcomes or other advancements. In addition, positive info goes through various presumptions, threats and unpredictabilities. In specific, declarations including words such as “anticipate,” “expect,” “think,” “objective,” “unbiased,” “might,” “should,” “quote,” “means,” “tasks,” “will,” “presumes,” “possible,” “target,” “outlook” or comparable words along with particular forecasts of future outcomes, usually certify as positive. Aflac and Trupanion carry out no responsibility to upgrade such positive declarations.

The business warn readers that the list below elements, in addition to other elements discussed by either business in its particular SEC filings from time to time, might trigger real outcomes to vary materially from those pondered by the positive declarations:

• hard conditions in worldwide capital markets and the economy, consisting of those triggered by COVID-19

• defaults and credit downgrades of financial investments

• direct exposure to considerable rates of interest threat

• concentration of company in Japan

• restricted accessibility of appropriate yen-denominated financial investments

• foreign currency changes in the yen/dollar currency exchange rate

• varying judgments used to financial investment assessments

• considerable appraisal judgments in decision of anticipated credit losses tape-recorded on the Business’s financial investments

• reduces in the Business’s monetary strength or financial obligation scores

• decrease in credit reliability of other banks

• concentration of the Business’s financial investments in any specific single-issuer or sector

• the impacts of COVID-19 and its variations (both understood and emerging), and any resulting financial impacts and federal government interventions, on the Business’s company and monetary outcomes

• capability to bring in and keep certified sales partners, brokers, workers, and circulation partners

• discrepancies in real experience from prices and booking presumptions

• capability to continue to establish and execute enhancements in infotech systems

• disturbance in telecommunication, infotech and other functional systems, or a failure to keep the security, privacy or personal privacy of delicate information living on such systems

• subsidiaries’ capability to pay dividends to the Moms and dad Business

• intrinsic restrictions to run the risk of management policies and treatments

• the functional threats of 3rd party suppliers

• tax rates appropriate to the Business might alter

• failure to abide by limitations on insurance policy holder personal privacy and info security

• substantial guideline and modifications in law or guideline by governmental authorities

• competitive environment and capability to expect and react to market patterns

• devastating occasions, consisting of, however not restricted to, as an outcome of environment modification, upsurges, pandemics (such as the coronavirus COVID-19), twisters, cyclones, earthquakes, tsunamis, war or other military action, terrorism or other acts of violence, and damage incidental to such occasions

• capability to safeguard the Aflac brand name and the Business’s credibility

• capability to efficiently handle essential executive succession

• modifications in accounting requirements

• level and result of lawsuits

• accusations or decisions of employee misclassification in the United States

Aflac Incorporated

Expert and financier contact – David A. Young, 706.596.3264 or 800.235.2667 or [email protected]
Media contact – Ines Gutzmer, 762.207.7601 or [email protected]

Trupanion

Laura Bainbridge, Head of Corporate Communications, 206.607.1929 or [email protected]

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SOURCE Aflac Incorporated