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Chikako Ohsawa, an employee at aflacdirect.com, is excited to be part of AFLAC's new company that became the first in Japan to sell insurance exclusively over the Internet. AFLAC International, which is majority owner of aflacdirect.com, formed the company with NTT Comware, a subsidiary of Japan's leading telecommunications firm. Customers may purchase Internet versions of AFLAC's cancer term life and Rider MAX coverages. Through aflacdirect.com we also sell an education support annuity plan, which was developed for the parents and grandparents of young children. Since aflacdirect.com began operating in April 2000, it has received more than 218,000 hits to its Web site
2000 was another year of performance and achievement for AFLAC Japan. Against the backdrop of a continued weak economy, we produced record sales results. Our financial performance was also strong. And in anticipation of the pending deregulation of our segment of the insurance industry, we took many steps to further strengthen our business.

AFLAC's strong performance can be traced to the strategy we have employed for many years. We continued to broaden our product line, expand our sales force and improve efficiency through technology. By doing so, we again provided the products and services that make our customers' insurance complete.

Here are some results from 2000 on a yen basis:

  • New annualized premium sales were up 14.6% to ¥99.8 billion, compared with ¥87.0 billion in 1999.

  • Premium income rose 7.1% to ¥720.8 billion, compared with ¥673.0 billion in 1999.

  • Net investment income grew 7.4% to ¥135.7 billion, compared with ¥126.3 billion in 1999.

  • Total revenues were ¥857.2 billion, up 7.2% from ¥799.8 billion in 1999.

  • Pretax operating earnings increased 12.3% to ¥82.9 billion, compared with ¥73.8 billion in 1999.

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