A general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services and making capital available. The company's principal business is supplemental health and life insurance.
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Aflac on it's own is a good company, but 80% of Aflac's earnings are in Yen. Then dollar continues to loose value against the Yen, and will likely continue to do so as the U.S. expands it's money supply. If the Yen continues to strengthen, the same amount of Yen will buy more dollars, thereby, pushing up dollar earning per share.