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Systemically Important Financial Institutions (SIFI), eliminate the FIO, and increase Congressional oversight of the

regulation issuing process. The new presidential administration in the United States and Congress have stated proposals

to reform or repeal certain provisions of the Dodd-Frank Act. We cannot predict with any degree of certainty what impact,

if any, such proposals will have on our U.S. business, financial condition, or results of operations.

Further Information

For further information concerning Aflac U.S. operations, regulation, change of control and dividend restrictions, see

the Aflac U.S. Segment subsection of MD&A and Notes 2 and 13 of the Notes to the Consolidated Financial Statements in

this report.

Other Operations

Our other operations include the Parent Company, results of reinsurance retrocession activities, and a printing

subsidiary. For additional information on our other operations, see the Other Operations subsection of MD&A and Note 8

in the Notes to the Consolidated Financial Statements.

Employees

As of December 31, 2016, Aflac Japan had 4,958 employees, Aflac U.S. had 4,944 employees, and our other

operations had 310 employees.

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