AFLAC's mission is to provide the best supplemental insurance value in the United States and Japan. Our products help consumers pay out-of-pocket expenses associated with illnesses or accidents. We strongly believe in giving consumers superior customer service and paying claims quickly and fairly. By doing so, we provide peace of mind at times when people need it most. And we continually strive to provide our employees with a rewarding place to work, while maximizing value to our shareholders.

Reflecting our focus on our mission, AFLAC was ranked as the number one insurance company in Fortune magazine's January 2003 listing of "The 100 Best Companies to Work for" and was included in the overall listing for the fifth year in a row. We were also included in Fortune's March 2003 list of "America's Most Admired Companies." In February 2002, Forbes ranked AFLAC 112th in its Platinum 400 list of "America's Best Big Companies." In June 2002 AFLAC was included in Fortune magazine's list of "The 50 Best Companies for Minorities." And in September 2002, Working Mother magazine named AFLAC to its list of "100 Best Companies for Working Mothers."

AFLAC is the leading provider of individual insurance policies offered at the worksite in the United States and the largest foreign life insurance company in Japan in terms of individual policies in force and profits on a Japanese accounting basis. AFLAC Incorporated is traded on the New York Stock Exchange under the symbol "AFL" and is included in the Standard & Poor's 500 Index.

AFLAC is rated "AA" by Standard & Poor's and "Aa2" by Moody's for financial strength. Fitch Ratings also rates AFLAC "AA" for financial strength. A.M. Best assigns AFLAC an "A+, Superior" rating for financial strength and operating performance.

ABOUT THIS YEAR'S REPORT
At AFLAC, we don't actually tie strings around our fingers to jog our memory. But we do think it's important that we remember what has made us successful. We remind ourselves daily of the importance of maintaining our customers' trust. We do that by offering the best products at the best price with the best service. We also remind ourselves daily of the importance of maintaining our shareholders' trust. We do that by being open and honest about our business. And finally, we remind ourselves daily of the importance of providing our employees and sales associates with opportunities to make a good living for their families. We do that by offering competitive compensation and incentives. It takes all of us as a team to provide the products and services our customers deserve. That's why we are in business. And of that, we remind ourselves daily.