8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORTPURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934


DATE OF REPORT (Date of earliest event reported) May 25, 2005 (May 19, 2005)

Aflac Incorporated

(Exact name of Registrant as specified in its charter)

GEORGIA	001-07434	58-1167100
(State or other jurisdiction	(Commission	(IRS Employer Identification No.)
of incorporation)	File Number)
1932 Wynnton Road, Columbus, Georgia		31999
(Address of principal executive offices)		(Zip Code)

706.323.3431

(Registrant's telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

     (b)  Aflac Incorporated ("Aflac") inadvertently omitted to state in the proxy statement for the 2005 Annual Meeting of Shareholders that its Audit Committee Charter is available in print to any shareholder upon request and that its Compensation Committee Charter and Corporate Governance Guidelines are available on its website and in print to any shareholder upon request. The commentary to Section 303A.09 of the listing standards of the New York Stock Exchange (the "NYSE") requires that these statements be included in the annual proxy statement. On May 19, 2005 Aflac sent notice to the NYSE that it had discovered these omissions. Aflac will cure this noncompliance with the NYSE listing standards by including such disclosures in the proxy statement for its 2006 Annual Meeting of Shareholders. The NYSE has assured Aflac that this noncompliance will not result in a delisting of Aflac shares on the NYSE.

     Aflac has posted on its website (www.aflac.com) all documents required to be posted by the NYSE listing standards at all times since it was required to do so. In addition, copies of these documents are also available in print to shareholders upon request, addressed to Aflac Incorporated, Shareholder Services, 1932 Wynnton Road, Columbus, Georgia 31999.

ITEM 8.01 Other Events.

     Aflac issued a press release on May 23, 2005 in which it affirmed its earnings targets for 2005 and 2006, and also set an earnings objective for 2007. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

ITEM 9.01			Financial Statements and Exhibits.
(c)	Exhibits.
	99.1 -	Press release of Aflac Incorporated dated May 23, 2005.

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Aflac Incorporated
May 25, 2005	/s/ Ralph A. Rogers
	(Ralph A. Rogers, Jr.)
	Senior Vice President, Financial Services
	Chief Accounting Officer

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EXHIBIT INDEX:

99.1 - Press release of Aflac Incorporated dated May 23, 2005.

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EX-99.1

EXHIBIT 99.1

AFLAC INCORPORATED AFFIRMS EARNINGS OBJECTIVES FOR 2005 AND 2006,
ESTABLISHES EARNINGS TARGET FOR 2007

COLUMBUS, Georgia - May 23, 2005 - Aflac Incorporated today affirmed its earnings targets for 2005 and 2006. The company also set an earnings objective for 2007.

Aflac's earnings objective for 2005 is to increase operating earnings per diluted share 15%, excluding the effect of foreign currency translation. Aflac's objective for 2006 is also to increase operating earnings per diluted share 15%, excluding the effect of foreign currency translation. These objectives are unchanged from prior disclosures. The company's newly disclosed objective for 2007 is to increase operating earnings per diluted share 13% to 16%, excluding the effect of foreign currency translation.

Commenting on the company's objectives and outlook, Aflac Incorporated Chairman and CEO Daniel P. Amos said: "Although our business model is simple and straightforward, our earnings targets reflect complex modeling and extensive analysis of our business. We believe the assumptions we have used in affirming and setting our earnings targets are reasonable. These earnings objectives reflect our expectations for continued margin expansion and the opportunities we see in the U.S. and Japanese markets, both of which we continue to view as well-suited to Aflac's products."

For 50 years, Aflac products have given policyholders the opportunity to direct cash where it is needed most when a life-interrupting medical event causes financial challenges. Aflac is the number one provider of guaranteed-renewable insurance in the United States and the number one insurance company in terms of individual insurance policies in force in Japan. Aflac's insurance products provide protection to more than 40 million people worldwide. In January 2005, Aflac was included in Fortune magazine's list of the 100 Best Companies to Work For in America for the seventh consecutive year. Aflac has also been included in both Forbes magazine's Platinum 400 List of America's Best Big Companies and in Fortune magazine's listing of America's Most Admired Companies for five consecutive years. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac, visit aflac.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" to encourage companies to provide prospective information, so long as 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 included in the forward-looking statements. We desire to take advantage of these provisions. This document contains cautionary statements identifying important factors that could cause actual results to differ materially from those projected herein, and in any other statements made by company officials in oral discussions with the financial community and contained in documents filed with the Securities and Exchange Commission (SEC). Forward-looking statements are not based on historical information and relate to future operations, strategies, financial results or other developments. Furthermore, forward-looking information is subject to numer ous 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," or similar words as well as specific projections of future results, generally qualify as forward-looking. Aflac undertakes no obligation to update such forward-looking statements.

We caution readers that the following factors, in addition to other factors mentioned from time to time in our reports filed with the SEC, could cause actual results to differ materially from those contemplated by the forward-looking statements: legislative and regulatory developments; assessments for insurance company insolvencies; competitive conditions in the United States and Japan; new product development and customer response to new products and new marketing initiatives; ability to attract and retain qualified sales associates; ability to repatriate profits from Japan; changes in U.S. and/or Japanese tax laws or accounting requirements; credit and other risks associated with Aflac's investment activities; significant changes in investment yield rates; fluctuations in foreign currency exchange rates; deviations in actual experience from pricing and reserving assumptions including, but not limited to, morbidity, mortality, persistency, expenses, and investment yields; level and outcome of litigation; downgrades in the company's credit rating; changes in rating agency policies or practices; subsidiary's ability to pay dividends to parent company; ineffectiveness of hedging strategies used to minimize the exposure of our shareholders' equity to foreign currency translation fluctuations; events resulting in catastrophic loss of life or injury; and general economic conditions in the United States and Japan.

Analyst and investor contact - Kenneth S. Janke Jr., 800.235.2667 - option 3, FAX: 706.324.6330, or kjanke@aflac.com

Media contact - Laura Kane, 706.596.3493, FAX: 706.320.2288, or lkane@aflac.com