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Aflac Incorporated Announces Fourth Quarter Results
Date:1/30/2008

rnings $382 $329 15.9%

Reconciling items, net of tax:

Realized investment gains

(losses) (1) 3

Impact from SFAS 133 1 -

Net earnings $382 $332 15.1%

Operating earnings per diluted

share $.78 $.66 18.2%

Reconciling items, net of tax:

Realized investment gains

(losses) - .01

Impact from SFAS 133 - -

Net earnings per diluted share $.78 $.67 16.4%

RECONCILIATION OF OPERATING EARNINGS TO NET EARNINGS

(UNAUDITED - IN MILLIONS, EXCEPT FOR PER-SHARE AMOUNTS)

TWELVE MONTHS ENDED DECEMBER 31, 2007 2006 % Change

Operating earnings $1,613 $1,432 12.7%

Reconciling items, net of tax:

Realized investment gains

(losses) 19 51

Impact from SFAS 133 2 -

Net earnings $1,634 $1,483 10.2%

Operating earnings per diluted

share $3.27 $2.85 14.7%

Reconciling items, net of tax:

Realized investment gains

(losses) .04 .10

Impact from SFAS 133 - -

Net earnings per diluted share $3.31 $2.95 12.2%

FOREIGN CURRENCY TRANSLATION EFFECT ON OPERATING RESULTS(1)

(SELECTED PERCENTAGE CHANGES, UNAUDITED)

THREE MONTHS ENDED DECEMBER 31, 2007 Including Excluding

Currency Currency


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SOURCE Aflac Incorporated
Copyright©2008 PR Newswire.
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