February 12, 2025
Aflac Integrated (AFL) Goldman Sachs 2023 US Monetary Companies Convention (Transcript)
Aflac Integrated (NYSE:AFL) Goldman Sachs 2023 US Monetary Companies Convention December 5, 2023 2:20 PM ET

Firm Contributors

Max Broden – CFO

Brad Dyslin – CIO

Convention Name Contributors

Taylor Scott – Goldman Sachs

Taylor Scott

So we are going to soar proper into the subsequent session right here. First, I’d prefer to thank Max Broden, CFO of Aflac; and Brad Dyslin, CIO of Aflac for being with us. So very a lot admire it. I’m beginning off loads of these conversations with the broad technique replace form of query. And so I’ll do the identical factor for you. I’d have an interest should you might simply present a common replace on what are the strategic aims that you just’re most centered on, notably as we predict by way of the subsequent 12 months?

Max Broden

So I’d begin by simply wanting again on the interval that we have now been in. So — particularly reflecting on it as a supplemental medical insurance firm going by way of a pandemic that — what it did total is that it pushed down our profit ratios each in Japan and the US. And what we typically anticipate going ahead is a bit little bit of a rebound upwards of that. A part of that’s simply merely claims utilization coming again to extra regular ranges and a part of it’s also particularly within the US and that we’re submitting our new merchandise with a bit bit greater profit ratios. And we’re additionally refreshing each the advantages and the premiums at a barely greater degree as a way to convey higher worth total to shoppers. So should you take that after which take into consideration what can be the primary aims in Japan and going ahead, Japan is a really secure marketplace for us. Sturdy profitability, robust money circulate era.

What we’re centered on is