Financial Highlights
AFLAC Incorporated and Subsidiaries
  2000    1999    1998    % Change
2000-1999

For the Year:
(In millions)
    Total revenues      $ 9,720      $ 8,640      $ 7,104       12.5 %
  Pretax earnings 1,012 778 551 30.1  
  Net earnings 687 571 487 20.3  
At Year-End:
(In millions)
  Total investments and cash $ 32,167 $ 32,024 $ 26,994 .4 %
  Total assets 37,232 37,041 31,222 .5  
  Shareholders' equity 4,694 3,868 3,770 21.3  
Per Common Share:
  Net earnings (basic) $ 1.30 $ 1.07 $ .91 21.5 %
  Net earnings (diluted) 1.26 1.04 .88 21.2  
  Shareholders' equity 8.87 7.28 7.09 21.8  
  Cash dividends .167 .147 .128 13.6  
Supplemental Data:
  Operating earnings* (In millions) $ 657 $ 550 $ 429 19.4 %
  Operating earnings per share* (basic) 1.24 1.03 .81 20.4  
  Operating earnings per share* (diluted) 1.20 1.00 .78 20.0  
  Number of common shares outstanding    529,209,956    531,481,632    531,368,068  
  Number of registered common shareholders 67,995 69,899 62,525  
  Approximate number of common shareholders 143,400 148,600 145,500  
  Number of full-time employees 5,278 4,673 4,345  
* Excludes realized investment gains/losses, the benefits of Japanese tax rate reductions and provisions for the policyholder protection fund in 1998 and 1999, and a benefit from the termination of a retirement liability in 2000
Share and per-share amounts have been adjusted to reflect the two-for-one stock split payable on March 16, 2001.

Adjusted for two-for-one stock
split payable on March 16, 2001
For 18 consecutive
years, AFLAC has
increased its annual
dividend. In 2000 we
paid annual cash
dividends per share
that were 13.6% higher
than in 1999.

Click on the chart
to view a larger version