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BUSINESS SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 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
June 30,
 
Six Months Ended
June 30,
 
(In millions)
2013
 
2012
 
2013
 
2012
 
Revenues:
 
 
 
 
 
 
 
 
Aflac Japan:
 
 
 
 
 
 
 
 
   Earned premiums
$
3,717

 
$
4,216

 
$
7,622

 
$
8,364

 
   Net investment income
653

 
691

 
1,327

 
1,421

 
   Other income
12

 
0

 
38

 
16

 
               Total Aflac Japan
4,382

 
4,907

 
8,987

 
9,801

 
Aflac U.S.:
 
 
 
 
 
 
 
 
   Earned premiums
1,295

 
1,251

 
2,575

 
2,482

 
   Net investment income
158

 
153

 
314

 
304

 
   Other income
1

 
2

 
4

 
5

 
               Total Aflac U.S.
1,454

 
1,406

 
2,893

 
2,791

 
Other business segments
14

 
10

 
26

 
24

 
               Total business segment revenues
5,850

 
6,323

 
11,906

 
12,616

 
Realized investment gains (losses)
201

 
(418
)
 
357

 
(463
)
 
Corporate
66

 
64

 
159

 
128

 
Intercompany eliminations
(73
)
 
(67
)
 
(170
)
 
(139
)
 
         Total revenues
$
6,044

 
$
5,902

 
$
12,252

 
$
12,142

 


 
  
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
(In millions)
2013
 
2012
 
2013
 
2012
 
Pretax earnings:
 
 
 
 
 
 
 
 
Aflac Japan
$
940

 
$
964

 
$
1,929

 
$
2,004

 
Aflac U.S.
283

 
258

 
564

 
529

 
    Total business segment pretax operating earnings
1,223

 
1,222

 
2,493

 
2,533

 
Interest expense, noninsurance operations
(48
)
 
(45
)
 
(97
)
 
(89
)
 
Corporate and eliminations
(18
)
 
(18
)
 
(34
)
 
(38
)
 
    Pretax operating earnings
1,157

 
1,159

 
2,362

 
2,406

 
Realized investment gains (losses)
201

 
(418
)
 
357

 
(463
)
 
    Total earnings before income taxes
$
1,358

 
$
741

 
$
2,719

 
$
1,943

 
Income taxes applicable to pretax operating earnings
$
398

 
$
404

 
$
813

 
$
837

 
Effect of foreign currency translation on operating earnings
(103
)
 
6

 
(174
)
 
26

 


Assets were as follows:
(In millions)
June 30,
2013
 
December 31,
2012
Assets:
 
 
 
 
 
 
 
Aflac Japan
 
$
98,710

 
 
 
$
113,678

 
Aflac U.S.
 
15,681

 
 
 
16,122

 
Other business segments
 
150

 
 
 
154

 
    Total business segment assets
 
114,541

 
 
 
129,954

 
Corporate
 
19,872

 
 
 
20,318

 
Intercompany eliminations
 
(18,100
)
 
 
 
(19,178
)
 
    Total assets
 
$
116,313

 
 
 
$
131,094