Washington, D.C. 20549



Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) June 23, 2011


Aflac Incorporated


(Exact name of registrant as specified in its charter)


Georgia    001-07434    58-1167100

(State or other jurisdiction

of incorporation)



File Number)


(IRS Employer

Identification No.)

1932 Road, Columbus, Georgia         31999
(Address of principal executive offices)       (Zip Code)



(Registrant’s telephone number, including area code)



(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[    ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[    ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[    ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[    ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01          Regulation FD Disclosure.

Aflac Incorporated announced today that it has filed an amendment to its shelf registration with the Japanese authorities to issue debt securities up to 100 billion yen. The original shelf registration was filed in November 2009.

As part of the filing, the company provided an update on its investment portfolio derisking. During the second quarter of 2011, Aflac will recognize a pretax loss of $165 million on the sale of investments associated with banks and other financial institutions of Greece and Ireland, $72 million of which was previously disclosed. The company estimates it will recognize $445 million of pretax impairment losses on investments in Portugal banks.

In accordance with General Instruction B.2 of Form 8-K, the information included or incorporated in this report (Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be set forth by specific reference in such filing.

A copy of the press release issued by Aflac Incorporated is furnished herewith as Exhibit 99.1.


Item 9.01          Financial Statements and Exhibits.

(d) Exhibits.

99.1 - Press release of Aflac Incorporated dated June 23, 2011




Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


    Aflac Incorporated

June 23, 2011


  /s/ June Howard

        (June Howard)
    Senior Vice President, Financial Services
    Chief Accounting Officer




99.1 - Press release of Aflac Incorporated dated June 23, 2011