BUSINESS SEGMENT INFORMATION

9 Months Ended

Sep. 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 includes interest cash flows associated with notes payable and 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 September 30,						Nine Months Ended September 30,
(In millions)	2013			2012			2013			2012
Revenues:
Aflac Japan:
Earned premiums	$	3,735		$	4,405		$	11,357		$	12,769
Net investment income	659			713			1,986			2,134
Other income	8			22			46			38
Total Aflac Japan	4,402			5,140			13,389			14,941
Aflac U.S.:
Earned premiums	1,293			1,254			3,868			3,736
Net investment income	159			153			473			457
Other income	1			5			4			10
Total Aflac U.S.	1,453			1,412			4,345			4,203
Other business segments	11			10			38			40
Total business segment revenues	5,866			6,562			17,772			19,184
Realized investment gains (losses)	22			286			379			(177		)
Corporate	71			65			229			197
Intercompany eliminations	(73		)	(66		)	(242		)	(215		)
Total revenues	$	5,886		$	6,847		$	18,138		$	18,989

	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)	2013			2012			2013			2012
Pretax earnings:
Aflac Japan	$	846		$	994		$	2,775		$	2,998
Aflac U.S.	269			260			833			789
Total business segment pretax operating earnings	1,115			1,254			3,608			3,787
Interest expense, noninsurance operations	(50		)	(45		)	(147		)	(134		)
Corporate and eliminations	(18		)	(15		)	(52		)	(53		)
Pretax operating earnings	1,047			1,194			3,409			3,600
Realized investment gains (losses)	22			286			379			(177		)
Total earnings before income taxes	$	1,069		$	1,480		$	3,788		$	3,423
Income taxes applicable to pretax operating earnings	$	360		$	363		$	1,173		$	1,200
Effect of foreign currency translation on operating earnings	(97		)	2			(271		)	28

Assets were as follows:

(In millions)	September 30, 2013				December 31, 2012
Assets:
Aflac Japan		$	101,471			$	113,678
Aflac U.S.		16,135				16,122
Other business segments		153				154
Total business segment assets		117,759				129,954
Corporate		19,821				20,318
Intercompany eliminations		(17,662		)		(19,178		)
Total assets		$	119,918			$	131,094