Aflac Incorporated announced that it has priced ¥60 billion (par value) in yen-denominated senior notes. The offering consists of ¥60 billion of 0.932% senior notes due 2027. The company anticipates using the net proceeds of this offering for general corporate purposes, including to replenish cash used to repurchase the Company's 6.900% senior notes due 2039 and 6.45% senior notes due 2040 in the Company's recent tender offer.

This offering is being made pursuant to an effective shelf registration statement previously filed by Aflac Incorporated with the Securities and Exchange Commission and only by means of a prospectus supplement and accompanying prospectus. The registration statement and other documents that Aflac Incorporated has filed with the SEC that contain more complete information about Aflac Incorporated and this offering may be obtained by contacting:

Merrill Lynch International
Attn: Prospectus Department
200 North College Street, 3rd floor
Charlotte NC  28255-0001
Tel: 800.294.1322
Email: [email protected]

Mizuho International plc
30 Old Bailey
London, EC4M 7AU
United Kingdom
Tel: +44 20 7090 6116
Email: [email protected]

Morgan Stanley & Co. LLC
Attn: Prospectus Department
180 Varick Street
New York, NY 10014
Tel: 866.718.1649

SMBC Nikko Securities America, Inc.
Attn: Securities Operations
277 Park Avenue
New York, NY 10172
Tel: 888.868.6856
Email: [email protected]