Aflac Incorporated ·AFL

Two geographic presidents run nearly all insurance operations

Financials · Fortune #222 · Divisional structure · 13K employees · Columbus, GA

View as of:
8
CEO span
↓ tighter than peers (avg 10)
2.4
Avg span
tight
3
Max depth
3 levels
9 yr
Avg tenure
stable vs FY2024
63%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$17.2B
Operating income
$4.2B
Net income
$3.6B
Total assets
$116.5B
Shares out
516M

Sourced from Aflac Incorporated DEF 14A · filed 2026-03-19 ↗ View on SEC

Interactive org chart

Aflac Incorporated organizational chart

Explore the executive structure, reporting layers, and scenario-ready operating model from public filings.

Open editable chart

Two geographic presidents run nearly all insurance operations at Aflac, with Aflac U.S. and Japan driving earnings. This page maps the divisional structure, executive team, and reporting lines, with analysis of span, depth, leadership stability, and peer comparison.

What to model

Use the chart to test org decisions, not just view reporting lines

Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.

Latest signal Aflac Global Investments changed role as Investment management consolidation

January 2025: Continued consolidation of investment management under Aflac Global Investments.

Source · See change log

Scenario views in the chart

  • Add Chief AI Officer Introduce a Chief AI Officer reporting to the CEO to accelerate automation and analytics across underwriting and claims.
  • Consolidate U.S. Operations Move U.S. technology and marketing under a single operating leader to reduce span under the U.S. president.

Atlas work this supports

  • Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
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  • Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.

The people

Who's running this

9 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.

internal

Daniel P. Amos

Chairman and Chief Executive Officer

Executive

35 yr

19 reports

internal

Virgil R. Miller

President, Aflac U.S.

Aflac U.S.

5 yr

4 reports

Max K. Brodn

Senior Executive Vice President and Chief Financial Officer

Finance

8 yr

3 reports

Bradley E. Dyslin

Executive Vice President and Global Chief Investment Officer; President, Aflac Global Investments

Investments

6 yr

2 reports

internal

Audrey Boone Tillman

Senior Executive Vice President and General Counsel

Legal

11 yr

1 reports

Open Role

Chief Human Resources Officer

Human Resources

1 yr

0 reports

Open Role

Chief Risk Officer

Risk

1 yr

1 reports

Open Role

Chief Marketing Officer

Marketing

1 yr

0 reports

internal

Virgil R. Miller

President, Aflac Incorporated

Corporate

5 yr

0 reports

The pay

Executive compensation

From the most recent DEF 14A Summary Compensation Table. 2 named executive officers disclosed. Bar length scales with total compensation.

Daniel P. Amos $25.0M
Base salary
$1.44M
Bonus
$11.34M
Stock awards
$6.35M
Option awards
$3.87M
Non-equity incentive
$2.03M
Fiscal year
FY2025
Max K. Brodn $7.6M
Base salary
$925K
Bonus
$3.09M
Stock awards
$2.80M
Option awards
$822K
Fiscal year
FY2025

The skin in the game

Beneficial ownership

Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.

Stock ownership requirements
Director cash retainer

Non-employee directors must hold stock equal to 5x annual cash retainer.

The businesses

How Aflac Incorporated divides the work

4 divisions report into the group CEO. Tile size scales with estimated headcount.

Aflac U.S.

6K employees

President, Aflac U.S. (Virgil R. Miller)

U.S. supplemental health and life insurance operations across all states.

Aflac Japan

4K employees

President, Aflac Incorporated (Virgil R. Miller)

Japanese supplemental insurance business and primary earnings contributor.

Aflac Global Investments

500 employees

Global Chief Investment Officer (Bradley E. Dyslin)

Manages investment portfolio supporting insurance liabilities.

Corporate Functions

1K employees

Chief Financial Officer (Max K. Brodn)

Finance, legal, risk, HR, and shared services.

The thesis

Why this org is unusual

Two geographic business presidents dominate Aflac’s operating structure, with Aflac U.S.

and Japan accounting for nearly all insurance revenue. The CEO’s direct reports skew toward divisional and capital-management roles rather than product heads, reflecting the company’s insurance-centric, geography-first design. This structure concentrates P&L accountability at the regional level while corporate functions remain comparatively lean.

The long CEO tenure and stable C-suite contribute to continuity in strategy, particularly in Japan, which remains the largest earnings contributor. Unlike many peers, Aflac does not elevate standalone product or technology chiefs to P&L status, reinforcing its traditional insurance operating model.

  • Two presidents oversee nearly all operating revenue
  • No standalone COO role
  • Exceptionally long-serving CEO

The comparison

How Aflac Incorporated stacks up

Compared with peers such as MetLife and Prudential Financial, Aflac’s structure is more tightly focused on two core geographies rather than multiple product lines. Its CEO span is narrower than diversified insurers but deeper than specialty insurers. The absence of a COO mirrors several large insurers, while the …

C-suite size

Aflac Incorporated
9
12
Manulife
9

Reporting depth

Aflac Incorporated
3 levels
5 levels
6 levels
Manulife
5 levels

Avg C-suite tenure

Aflac Incorporated
9 yr
4 yr
Manulife
6 yr

Has COO / Has CAIO

Aflac Incorporated — no COO — no CAIO
MetLife ✓ COO — no CAIO
Prudential Financial ✓ COO — no CAIO
AIG ✓ COO ✓ CAIO
Manulife — no COO — no CAIO

Current signals

What changed recently

The most consequential recent shift was elevating enterprise risk to a direct CEO report in 2025.

  • Date not confirmed reorg
    Aflac Global Investments Investment management consolidation

    January 2025: Continued consolidation of investment management under Aflac Global Investments.

    Source
  • Date not confirmed new
    Open Role Chief Risk Officer

    Mid-2025: Risk leadership role elevated to CEO direct report.

    Source

Leadership Timeline

Year-over-year executive structure based on SEC proxy and annual filings.

FY2025
DEF 14A filed 2026-03-19
CEO
Daniel P. Amos
CEO span
8
C-suite
5
Avg tenure
9 yr

Leadership remained stable with no CEO or CFO turnover.

Named executive officers (5)
  • Daniel P. Amos - Chairman and CEO since 1990
  • Max K. Brodn - CFO since 2017
  • Bradley E. Dyslin - Global CIO since 2019
  • Virgil R. Miller - President, Aflac U.S. since 2020
  • Audrey Boone Tillman - General Counsel since 2014
FY2024
DEF 14A filed 2025-03-20
CEO
Daniel P. Amos
CEO span
7
C-suite
5
Avg tenure
8.5 yr

Geographic divisional model unchanged.

Named executive officers (5)
  • Daniel P. Amos - Chairman and CEO since 1990
  • Max K. Brodn - CFO since 2017
  • Bradley E. Dyslin - Global CIO since 2019
  • Virgil R. Miller - President, Aflac U.S. since 2020
  • Audrey Boone Tillman - General Counsel since 2014
FY2023
DEF 14A filed 2024-03-20
CEO
Daniel P. Amos
CEO span
7
C-suite
5
Avg tenure
8 yr

Long-tenured CEO and stable executive slate.

Named executive officers (5)
  • Daniel P. Amos - Chairman and CEO since 1990
  • Max K. Brodn - CFO since 2017
  • Bradley E. Dyslin - Global CIO since 2019
  • Virgil R. Miller - President, Aflac U.S. since 2020
  • Audrey Boone Tillman - General Counsel since 2014

Year-over-year changes

FY2024 → FY2025

CEO span increased with the elevation of risk oversight to a direct report.

  • CEO span: 7 → 8
  • Avg tenure: 8.5 → 9 yr
  • reorg Enterprise Risk - Chief Risk Officer elevated (DEF 14A 2026-03-19)

The board

Board of directors

2 directors. 1 of 2 independent (50%). Source: most recent DEF 14A.

Daniel P. Amos

Chair Inside

Chairman and CEO, Aflac Incorporated

Director since 1983 · Age 74

W. Paul Bowers

Lead Indep. Independent

Retired Chairman and CEO, Georgia Power Co.

Director since 2013 · Age 69

Also on: Exelon Corporation

The board, organized

Board committees

1 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.

Audit and Risk Committee

100% independent 9 mtgs/yr
  • W. Paul Bowers
  • kiser_dir
  • moskowitz_dir

Frequently Asked Questions

Who is the CEO of Aflac?

Daniel P. Amos has served as Chairman and CEO since 1990.

What type of organizational structure does Aflac use?

Aflac uses a divisional structure organized primarily by geography.

How many direct reports does Aflac's CEO have?

The CEO has eight direct reports, mainly divisional and capital leaders.

How has Aflac's leadership changed recently?

In 2025, Aflac elevated enterprise risk to report directly to the CEO.

Does Aflac have a COO?

No, Aflac does not maintain a standalone Chief Operating Officer role.

Sources

  • Company Newsroom, Jan 2025
  • Proxy Statement 2026
  • SEC EDGAR: Aflac Incorporated DEF 14A Proxy Statement
  • SEC EDGAR: Aflac Incorporated 10-K Annual Report

Reference

Cite this page

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APA 7th
Creately. (2026). Aflac Incorporated organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/aflac/
MLA 9th
"Aflac Incorporated Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/aflac/. Accessed .
Chicago 17
Creately. "Aflac Incorporated Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/aflac/.
Original SEC source View on SEC ↗
Aflac Incorporated. DEF 14A. Filed 2026-03-19. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/4977/000162828026019621/afl-20260319.htm

Permanent URL: https://creately.com/org-chart/fortune-500/aflac/ · last updated 2026-04-01

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