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Ratings

The ratings listed below are provided for informational purposes only. All ratings are solely the opinions of the rating agencies. Neither insurer financial strength nor credit ratings are statements of fact nor are they recommendations to purchase, hold or sell any security, contract or policy. The ratings may be changed, superseded or withdrawn by the rating agencies at any time.

Insurer Financial Strength Ratings AM Best S&P Moody's JCR R&I
Aflac of Columbus A+ A+ Aa3 AA AA
Aflac of New York A+ A+ --- --- ---
Continental American Insurance Company A+ --- --- --- ---
Aflac Life Insurance Japan, Ltd. A+ A+ Aa3 AA AA
Aflac Re Bermuda Ltd. --- --- --- AA ---
Credit Ratings AM Best S&P Moody's JCR R&I
Aflac Incorporated
Long-term Senior Debt a A- A3 A+ A+
Junior Subordinated Debt a- BBB Baa1 --- A-
Aflac of Columbus
Long-term Senior Debt aa A+ --- AA ---
Aflac Life Insurance Japan, Ltd.
Long-term Senior Debt aa A+ --- AA ---
Subordinated Bonds --- --- --- AA- ---

The outlook for all ratings assigned by A.M. Best, S&P, Moody's and R&I is stable. The outlook for all ratings assigned by JCR is positive.