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Aflac Incorporated
Annual Report on Form 10-K
For the Year Ended December 31, 2016
Table of Contents
Page
PART I
Item 1.
Business 1Item 1A.
Risk Factors 13Item 1B.
Unresolved Staff Comments 27Item 2.
Properties 27Item 3.
Legal Proceedings 28Item 4.
Mine Safety Disclosures 28PART II
Item 5.
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 29Item 6.
Selected Financial Data 32Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations 34Item 7A.
Quantitative and Qualitative Disclosures About Market Risk 70Item 8.
Financial Statements and Supplementary Data 77Item 9.
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 164Item 9A.
Controls and Procedures 164Item 9B.
Other Information 164PART III
Item 10.
Directors, Executive Officers and Corporate Governance 165Item 11.
Executive Compensation 165Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 165Item 13.
Certain Relationships and Related Transactions, and Director Independence 165Item 14.
Principal Accounting Fees and Services 165PART IV
Item 15.
Exhibits, Financial Statement Schedules 166i