Insurance business just ducky for Aflac
USATODAY.com , July 4
Aflac's CEO Amos: ....70% of our earnings come from Japan, and our business is indemnity in nature vs., say, property-casualty insurance. We know the costs that are associated with that, and because they're indemnity, we don't have to worry about charges and things of that nature.
We know there's over $21 trillion in life insurance in Japan, and they're No. 1. No. 2 is the U.S. with $13 trillion,
USAtoday: Japan is clearly a country with a demographic problem. Is this a dangerous place to be for you as they begin to retire and then, to put it bluntly, die off? Are your liabilities going to be greater than your assets?
Amos: Oh, no. Our assets are matched against our liabilities. We insure one out of four households in Japan......more...
