CONTINENTAL AMERICAN INSURANCE COMPANY

Originally founded as Carolina Continental Insurance Company in 1980, CAIC specializes in offering voluntary group insurance products that are distributed by insurance brokers at the worksite. CAIC is rated A- (Excellent) by A.M. Best. Based on statutory accounting statements filed with the state insurance departments, CAIC produced total revenues of $79 million and net income of $7 million in 2008. At the end of 2008, CAIC's admitted assets were $104 million and capital and surplus was $33 million. For reporting purposes under U.S. generally accepted accounting principles (GAAP), CAIC's future financial results will be consolidated into the Aflac U.S. reporting segment for Aflac Incorporated and subsidiaries.