Aflac CEO Has No Plans for Layoffs

The transcript discusses the challenges faced by industries, with major companies like Disney and Allstate laying off employees. Dan Amos, CEO of Aflac, shares that Aflac is focusing on cutting expenses without layoffs. The company is adapting to the digital landscape due to COVID-19, which has affected sales. Aflac is well-positioned in the health care market, offering supplemental insurance. The company has successfully transitioned to remote work, with a high percentage of employees working from home, and sees this as a positive long-term change.

What approach is Aflac taking to manage expenses during industry difficulties?

• Increasing product prices

• Laying off employees

• Reducing employee benefits

• Cutting expenses without layoffs

How has COVID-19 affected Aflac's sales strategy?

• Increased face-to-face meetings

• Reduction in marketing efforts

• Shift towards digital solutions

• Expansion of physical offices

What has accelerated Aflac's digital strategy?

• New government regulations

• Technological advancements

• The COVID-19 pandemic

• Increased competition

How is Aflac positioned regarding potential changes in the ACA?

• They plan to exit the US market

• They are well-positioned due to supplemental products

• They rely solely on US healthcare policies

• They are unprepared for changes

What percentage of Aflac's US workforce is working remotely?

• 97%

• 100%

• 50%

• 75%