Max K. Broden Joins Aflac Incorporated as Senior Vice President and Treasurer

Staff Report From Georgia CEO

Thursday, March 30th, 2017

Aflac Incorporated announced that it has hired Max K. Broden as senior vice president and treasurer, reporting to Aflac Incorporated Executive Vice President and Chief Financial Officer Frederick J. Crawford. In his new role, which will be effective April 4, 2017, Broden will be responsible for overseeing Corporate Finance, Investor and Rating Agency Relations as well as U.S. Corporate Development.

Broden brings to Aflac more than 15 years of experience and leadership managing diversified global financial and insurance portfolios. Most recently, he has worked with Norges Bank since 2007. There, he served as senior portfolio manager, managing an equity portfolio of diversified global financial and insurance stocks in a firm with $873 billion in assets under management. Consistent with Norges' investment process, Broden specialized in deep fundamental analysis on select global insurance names, including strategic investments. Prior to his roles at Norges Bank, he spent several years at DnB NOR Asset Management in both Stockholm and New York as portfolio manager. Before that, he worked for several years at Skandia Asset Management in Stockholm. Broden received his bachelor's degree and his Master of Science degree with majors in both accounting and finance from the Stockholm School of Economics. He is a CFA charterholder.

Aflac Incorporated Executive Vice President and Chief Financial Officer Frederick J. Crawford commented: "Max is one of the most well-respected portfolio managers and institutional investors in the insurance industry. I look forward to his outstanding leadership, extensive expertise and global perspective that will help build on Aflac's key financial and strategic initiatives to drive long-term shareholder value."