STATUTORY ACCOUNTING AND DIVIDEND RESTRICTIONS (Tables)

12 Months Ended

Dec. 31, 2011

Reconciliation of Capital and Surplus between NAIC and Permitted Practices

A reconciliation of Aflac’s capital and surplus between SAP and practices permitted by the state of Nebraska is shown below:

(In millions)	2011		2010
Capital and surplus, Nebraska state basis		$6,371		$6,740
State Permitted Practice:
Refundable lease deposits – Japan		(53)		(51	)
Separate Account Funding Agreements		45		(113	)
Capital and surplus, NAIC basis		$6,363		$6,576

Statutory Accounting Practices Disclosure

Reconciliations of Aflac’s net assets on a GAAP basis to capital and surplus determined on a Nebraska statutory accounting basis as of December 31 were as follows:

(In millions)	2011		2010
Net assets on GAAP basis		$15,814	$	12,902
Adjustment of carrying values of investments		(1,707)		148
Elimination of deferred policy acquisition cost asset		(10,417)		(9,566	)
Adjustment to policy liabilities		2,286		2,309
Adjustment to deferred income taxes		728		670
Other, net		(333)		277
Capital and surplus, Nebraska state basis		$6,371		$6,740

Profits Repatriated Disclosure

Profits repatriated by Aflac Japan to Aflac U.S. were as follows for the years ended December 31:

	In Dollars						In Yen
(In millions of dollars and billions of yen)	2011		2010		2009		2011		2010		2009
Profit repatriation	$	143	$	317	$	230		11.0		28.7		20.0