BUSINESS SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION

The Company consists of two reportable insurance business segments: Aflac Japan and Aflac U.S., both of which sell supplemental health and life insurance. Operating business segments that are not individually reportable and business activities not included in Aflac Japan or Aflac U.S. are included in the "Other business segments" category.

We do not allocate corporate overhead expenses to business segments. We evaluate and manage our business segments using a financial performance measure called pretax operating earnings. Our definition of operating earnings excludes the following items from net earnings on an after-tax basis: realized investment gains/losses (securities transactions, impairments, and the impact of derivative and hedging activities) and nonrecurring items. We then exclude income taxes related to operations to arrive at pretax operating earnings. Information regarding operations by segment follows:

	Three Months Ended March 31,
(In millions)	2013				2012
Revenues:
Aflac Japan:
Earned premiums		$	3,905			$	4,148
Net investment income		674				730
Other income		26				16
Total Aflac Japan		4,605				4,894
Aflac U.S.:
Earned premiums		1,280				1,231
Net investment income		157				152
Other income		1				2
Total Aflac U.S.		1,438				1,385
Other business segments		12				14
Total business segment revenues		6,055				6,293
Realized investment gains (losses)		156				(45		)
Corporate		92				68
Intercompany eliminations		(95		)		(76		)
Total revenues		$	6,208			$	6,240

	Three Months Ended March 31,
(In millions)	2013				2012
Pretax earnings:
Aflac Japan		$	989			$	1,040
Aflac U.S.		281				271
Total business segment pretax operating earnings		1,270				1,311
Interest expense, noninsurance operations		(48		)		(44		)
Corporate and eliminations		(17		)		(20		)
Pretax operating earnings		1,205				1,247
Realized investment gains (losses)		156				(45		)
Total earnings before income taxes		$	1,361			$	1,202
Income taxes applicable to pretax operating earnings		$	415			$	433
Effect of foreign currency translation on operating earnings		(71		)		20

Assets were as follows:

(In millions)	March 31, 2013				December 31, 2012
Assets:
Aflac Japan		$	103,098			$	113,678
Aflac U.S.		16,130				16,122
Other business segments		152				154
Total business segment assets		119,380				129,954
Corporate		19,861				20,318
Intercompany eliminations		(18,703		)		(19,178		)
Total assets		$	120,538			$	131,094