Aflac's 2017 Proxy

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The Annual Meeting of Shareholders of Aflac Incorporated (the “Company”) will be held on Monday,
May 1, 2017, at 10:00 a.m. at the Columbus Museum (in the Patrick Theatre), 1251 Wynnton Road,
Columbus, Georgia, for the following purposes, all of which are described in the accompanying
Proxy Statement:
How to Vote
It is important that you vote your shares. We encourage you to take advantage of the easy and
cost-effective Internet and telephone voting that the Company offers.
Internet:
Visit the website listed on
your proxy card. You will
need the control number
that appears on your proxy
card when you access the
web page.
Mail:
Complete and sign the
proxy card and return it
in the enclosed postage
pre-paid envelope.
Telephone:
If your shares are held in the name of a
broker, bank, or other nominee: Follow
the telephone voting instructions, if any,
provided on your proxy card. If your
shares are registered in your name:
Call 1-800-690-6903 and follow the
telephone voting instructions. You will
need the control number that appears
on your proxy.
In Person:
You may attend the Annual
Meeting and vote orally or
by ballot.
The accompanying proxy is solicited by the Board of Directors (the “Board”) of the Company. The
Proxy Statement and the Company’s 2016 Year in Review and Annual Report on Form 10-K for the
year ended December 31, 2016, are enclosed. The record date for determining which shareholders are
entitled to vote at the Annual Meeting is February 22, 2017. Only shareholders of record at the close of
business on that date will be entitled to vote at the Annual Meeting and any adjournment thereof.
Your vote is important! Even if you expect to attend the annual meeting, please vote in
advance so that we may be assured of a quorum to transact business. You may vote online
or by telephone, or, if you received a paper copy of this proxy statement, by signing, dating
and returning your proxy card. If you attend the annual meeting, you may revoke your proxy
and vote in person.
By order of the Board of Directors,
J. Matthew Loudermilk
Secretary
March 17, 2017
Columbus, Georgia
Notice of 2017 Annual Meeting of Shareholders
1. to elect fourteen Directors of the Company
to serve until the next Annual Meeting and
until their successors are duly elected and
qualified;
2. to consider a non-binding advisory
proposal on the Company’s executive
compensation (“say-on-pay”);
3. to hold a non-binding advisory vote on the
frequency of future say-on-pay votes;
4. to ratify the appointment of KPMG LLP as
the Company’s independent registered
public accounting firm for the year ending
December 31, 2017;
5. to approve the adoption of the Aflac
Incorporated Long-Term Incentive Plan
(As Amended and Restated February 14,
2017) (“2017 LTIP”) with additional shares
authorized under the 2017 LTIP;
6. to approve the adoption of the 2018
Management Incentive Plan (“2018 MIP”);
and
7. to transact such other business as may
properly come before the meeting and at
any adjournments or postponements of the
meeting.
* Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting to be held on May 1, 2017. This Proxy Statement and
the Annual Report are available at .
AFLAC INCORPORATED
2017 PROXY STATEMENT
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