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Issuer Purchases of Equity Securities

During the year ended December 31, 2016, we repurchased shares of Aflac common stock as follows:

Period

Total

Number of

Shares

Purchased

Average

Price Paid

Per Share

Total

Number

of Shares

Purchased

as Part of

Publicly

Announced

Plans or

Programs

Maximum

Number of

Shares that

May Yet Be

Purchased

Under the

Plans or

Programs

January 1 - January 31

3,492,400

$ 57.29

3,492,400

44,879,158

February 1 - February 29

3,584,566

58.20

3,435,930

41,443,228

March 1 - March 31

3,229,684

62.07

3,224,000

38,219,228

April 1 - April 30

2,028,224

66.15

2,026,445

36,192,783

May 1 - May 31

1,929,098

68.97

1,929,098

34,263,685

June 1 - June 30

1,925,149

69.36

1,918,479

32,345,206

July 1 - July 31

918,411

72.99

918,300

31,426,906

August 1 - August 31

1,001,959

72.79

920,700

30,506,206

September 1 - September 30

911,184

72.68

908,600

29,597,606

October 1 - October 31

0

0.00

0

29,597,606

November 1 - November 30

1,407,600

71.07

1,407,600

28,190,006

December 1 - December 31

1,438,566

69.64

1,436,552

26,753,454

Total

21,866,841

(2)

$ 64.77

21,618,104

26,753,454

(1)

(1)

The total remaining shares available for purchase at December 31, 2016, consisted of 26,753,454 shares related to a 40,000,000

share repurchase authorization by the board of directors in 2015.

(2)

During the year ended December 31, 2016, 248,737 shares were purchased in connection with income tax withholding obligations

related to the vesting of restricted-share-based awards during the period.

31