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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2015
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS

Effective April 1, 2015, we entered into a retrocession coinsurance reinsurance transaction whereby we assumed 90.0% of the reinsured sickness hospital benefit of one of Aflac Japan’s closed in-force blocks of business through our subsidiary CAIC. This business was originally ceded on March 31, 2015 as described in Note 6.

In April 2015, the Parent Company used the proceeds from the March 2015 issuance of its fixed-rate senior notes to redeem $850 million of our 8.50% fixed-rate senior notes due May 2019 and to pay a portion of the corresponding $230 million make-whole premium due to the investors of these notes.