Aflac Incorporated Announces Strategic Leadership Changes for Japan and U.S. Operations

Aflac Incorporated Announces Key Leadership Promotions

On November 2, 2026, Aflac Incorporated disclosed significant leadership changes as part of its ongoing succession planning at both Aflac Life Insurance Japan Ltd. and Aflac U.S. Starting January 1, 2027, new appointments will shape the future of these subsidiaries, signifying a strategic shift in leadership aimed at enhancing their business operations.

Aflac Japan's Transition

Shinsuke Morimoto has been promoted from Deputy President to President of Aflac Japan. His new responsibilities will encompass the overall business execution of Aflac Japan. Morimoto is no stranger to the company, having dedicated nearly four decades to Aflac, where he has held multiple leadership roles across various departments, including Claims and Corporate Strategy. His appointment marks a pivotal moment for Aflac Japan as it continues to navigate the complexities of the insurance market while focusing on evolving consumer needs and regulatory landscapes.

In addition to his role as President, Morimoto will join the Board of Managers at Aflac Holdings LLC. This board supervises Aflac Japan as it operates under Japan's insurance regulations, thereby aligning strategic goals across the organization.

Masatoshi Koide, the current President of Aflac Japan, will transition to the role of Chairman, where he will leverage his experience to guide the Board of Directors and oversee critical business decisions. Koide's leadership has been instrumental in driving Aflac Japan’s growth, especially in cancer and medical insurance.

Aflac U.S. Leadership Enhancements

Frederic J. Simard will step into the role of President of Aflac U.S., having previously served as Deputy President. His ascent follows over 30 years of experience in the insurance industry, which he brought to Aflac U.S. in 2023. In his new position, Simard will take charge of the company's strategic initiatives, distribution mechanisms, and overall operations, playing a vital role in steering Aflac U.S. towards its objectives.

Simard's background includes notable achievements in operational efficiency and financial management, making him well-suited to tackle the challenges ahead, particularly in a market that demands agility and consumer-centric innovations.

Charles D. Lake II, prior Chairman of Aflac Japan, will become Executive Advisor and serve as Chairman of Aflac International. In this role, he will represent Aflac in international matters, continuing his influence in shaping the company's global strategy.

A Testimony to Thoughtful Succession Planning

Daniel P. Amos, Chairman and CEO of Aflac Incorporated, commented on the leadership transitions, describing them as a product of strategic foresight and careful planning by the Board of Directors. He emphasized the importance of ensuring the right leaders are placed in critical roles to set a course for sustainable growth and resilience.

Virgil Miller, President of Aflac Incorporated, echoed this sentiment, highlighting Morimoto’s extensive contributions and deep understanding of the business as central to Aflac Japan's future success. Miller also noted that Simard's broad industry experience would be crucial as Aflac U.S. continues to innovate its product offerings and enhance customer engagement.

Aflac's Legacy and Ethical Commitment

Founded as a provider of supplemental health insurance in the U.S. and a leader in cancer and medical insurance in Japan, Aflac has built a legacy over seven decades. The company has consistently prioritized customer welfare, illustrated by its inclusion in Ethisphere's list of the World's Most Ethical Companies for 20 consecutive years and recognition by Fortune as one of the World's Most Admired Companies.

Aflac's commitment to corporate social responsibility is further showcased by its signatory status with the Principles for Responsible Investment, reflecting a broader goal of integrating ethical practices throughout its operations. The upcoming leadership changes underscore Aflac's dedication not only to policyholders but also to the sustained growth and ethical direction of the company.

As Aflac embarks on this new chapter, the anticipated leadership transformations are poised to fortify the company's market position and enhance its ability to meet the evolving needs of its clientele in both Japan and the U.S.