Aflac and Trupanion Announce Joint Venture – Aflac Pet Insurance in Japan – PR NewswireAflac and Trupanion Announce Joint Venture – Aflac Pet Insurance in Japan – PR Newswire

COLUMBUS, Ga. and SEATTLE , Nov. 10, 2022 /PRNewswire/ — Aflac Incorporated (NYSE:   AFL ), a Fortune 500 company that helps protect more than 50 million people in The japanese and the United States , and Trupanion, Inc. (Nasdaq: TRUP ), a leader in medical insurance for cats plus dogs, are announcing a joint venture between Aflac Life Insurance Japan and Trupanion to provide high-value pet insurance in The japanese . The joint venture, Aflac Pet Insurance coverage, will leverage Aflac’s strong brand, insurance coverage expertise, and broad distribution network in Japan with Trupanion’s expertise and leadership in pet insurance.

Beginning in the second half of 2023, pending necessary regulatory approvals, Aflac Pet Insurance policy will offer high-value pet healthcare insurance designed to help pet owners budget with regard to unexpected care for their pets.

“We are pleased to expand our partnership along with Trupanion, the industry leader within U. S. pet insurance policy, to increase our value proposition in the Japanese market, ” said Frederick J. Crawford , president and Chief Operating Officer of Aflac Incorporated. “This joint endeavor will combine Aflac’s brand recognition, broad distribution network and industry leadership within Japan with Trupanion’s brand name, strong reputation and experience within the dog insurance business. inch

“Aflac Pet Insurance plan will advance Aflac Japan’s efforts to create shared value as the leading organization focused on enabling ‘Living in your own way’ through solutions that meet their needs, ” said Masatoshi Koide , chief executive of Aflac Japan. “We believe this offering will provide individuals and families with protection that is both associated with higher worth than any pet insurance plan currently available in the market plus a great complement to our core third sector product portfolio. ”

“We are usually excited in order to enter Japan through our own alliance along with Aflac, which remains the supportive shareholder and partner, ” stated Margi Tooth , President of Trupanion. “We see an opportunity within the Japan market for a pet insurance product that is aligned with the veterinary community. We look forward to partnering with Aflac to build trust among veterinarians and their staff at Japan’s more than 10, 000 veterinary hospitals.   Together, we will ensure Aflac insured pets are able to receive the best veterinary treatment, regardless of treatment cost. inch

Aflac Incorporated (NYSE: AFL ) is a Fortune 500 business helping provide protection in order to more than fifty million individuals through its subsidiaries in Japan plus the U. S., paying cash fast when policyholders get sick or injured. For a lot more than six decades, insurance coverage policies of Aflac Incorporated’s subsidiaries have given customers the opportunity to focus on recovery, not financial stress. In the U. H., Aflac will be the number one provider of  supplemental health insurance products 1 . Aflac Life insurance coverage Japan is the leading provider of medical and cancer insurance policy in The japanese , where it insures 1 within 4 households. In 2021, Aflac Incorporated was proud to be included as one associated with the World’s Most Ethical Companies by Ethisphere for the 16th consecutive year. Also in 2021, the company was included in the particular Dow Jones Sustainability North America Index and became a signatory of the Principles regarding Responsible Investment (PRI). In 2022, Aflac Incorporated was included on Fortune’s list of Tour’s Most Admired Companies intended for the 21st time and Bloomberg’s Gender-Equality Index for that third consecutive year. To find out how to get help with expenses medical health insurance doesn’t cover, get in order to know us at aflac. com or aflac. com/español. Investors may learn more about Aflac Integrated and the commitment to ESG plus social responsibility at investors. aflac. possuindo under “Sustainability. ”

1 LIMRA 2021 U. S. Supplemental Health Insurance Total Market Report

Trupanion is a leader in medical insurance to get cats and dogs throughout the United States , Canada , Europe , Puerto Rico and Australia with over 800, 500 pets enrolled. For more than two decades, Trupanion has given owners peace of mind so they can focus on their own pet’s recovery, not financial stress. Trupanion is committed to providing pet owners with the particular highest value in family pet medical insurance along with unlimited payouts for your life of their pets. With its patented process, Trupanion may be the only provider with the technology to pay veterinarians directly in seconds at the time of checkout. Trupanion is usually listed upon NASDAQ under the symbol “TRUP. inch The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion policies are usually issued, within the Usa States , by its wholly-owned insurance plan entity American Pet Insurance Company and, in Canada , by Omega General Insurance provider. Trupanion Australia is a partnership between Trupanion plus Hollard Insurance Company. For more information, please visit trupanion. com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” in order to encourage companies to supply prospective information, so long because those informational statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those incorporated in the forward-looking claims. Aflac and Trupanion desire to take advantage of these provisions. This document contains cautionary statements identifying important factors that could cause actual results to vary materially through those projected herein, and in any other statements made by firm officials within communications using the financial local community and contained in documents filed with the particular Securities plus Exchange Commission (SEC). Forward-looking statements are usually not based on historical information and relate to   implementation of the alliance, the particular exploration of opportunities in Japan , the acquisition of Trupanion equity simply by Aflac, and future operations, strategies, monetary results or other developments. Furthermore, forward-looking information is definitely subject to numerous assumptions, risks and uncertainties. In particular, statements containing words such as “expect, ” “anticipate, ” “believe, ” “goal, ” “objective, ” “may, ” “should, ” “estimate, ” “intends, ” “projects, ” “will, ” “assumes, ” “potential, ” “target, ” “outlook” or similar words since well as specific projections of future results, generally qualify because forward-looking. Aflac and Trupanion undertake no obligation to update such forward-looking claims.

The companies caution readers that the following factors, in addition to other aspects mentioned by either corporation in its respective SEC filings from time to time, can cause real results in order to differ materially from those contemplated simply by the forward-looking statements:

  • difficult conditions in global capital markets and the economy, including those caused by COVID-19
  • defaults and credit downgrades of investments
  • exposure to significant interest rate risk
  • concentration of business in The japanese
  • limited availability associated with acceptable yen-denominated investments
  • foreign currency fluctuations in the particular yen/dollar exchange rate
  • differing judgments applied to investment valuations
  • significant valuation judgments in determination of expected credit losses recorded on the Company’s opportunities
  • decreases in the Company’s economic strength or even debt ratings
  • decline within creditworthiness of other financial institutions
  • concentration of the Company’s purchases in any kind of particular single-issuer or sector
  • the effects of COVID-19 and its variants (both known and emerging), and any resulting economic effects plus government interventions, around the Company’s business and financial outcomes
  • ability to attract and retain qualified sales associates, brokers, employees, plus distribution partners
  • deviations in actual experience from pricing and reserving assumptions
  • ability to continue to develop and implement improvements in information technology systems
  • interruption in telecommunication, information technologies and other operational systems, or a failure to maintain the security, confidentiality or privacy of sensitive data residing on this kind of systems
  • subsidiaries’ capability to spend dividends to the Parent Company
  • inherent limitations to risk management policies plus procedures
  • the operational dangers of third party vendors
  • tax rates applicable to the particular Company may change
  • failure to comply with restrictions on policyholder privacy and information security
  • extensive regulation and changes in law or rules by governmental authorities
  • competitive environment plus ability to anticipate and respond to market trends
  • catastrophic events, which includes, but not restricted to, as a result of climate modify, epidemics, pandemics (such since the coronavirus COVID-19), tornadoes, hurricanes, earthquakes, tsunamis, war or even other military action, terrorism or some other acts associated with violence, plus damage incidental to such events
  • ability to protect the Aflac brand and the particular Company’s status
  • capability to effectively manage key executive succession
  • changes within accounting standards
  • level and outcome of litigation
  • allegations or determinations of worker misclassification in the United States

Aflac Included

Analyst and investor contact – David A. Young , 706. 596. 3264 or even 800. 235. 2667 or  [email protected]
Media contact – Ines Gutzmer , 762. 207. 7601 or [email protected]


Laura Bainbridge , Head of Corporate Communications, 206. 607. 1929 or [email protected]

SOURCE Aflac Incorporated

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