Many U.S. life and health insurers are adding warnings about the possible effects of the new coronavirus outbreak to their standard “risk factors” lists.
Aflac Inc. says it already has an employee with a confirmed case of severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the virus that causes the Covid-19 pneumonia.
- A copy of the preliminary prospectus supplement is available here.
- An article about how the 1918 flu pandemic affected U.S. insurers is available here.
The Columbus, Georgia-based insurer talks about its experience with dealing with the SARS-CoV-2 outbreak in a new preliminary prospectus supplement. Aflac filed the preliminary supplement Wednesday, in connection with plans to raise money by offering notes.
Aflac is best known in the United States for selling products such as accident insurance at the worksite, and for its famous Aflac Duck spokesduck.
Aflac is also a major issuer of cancer insurance and medical insurance in Japan.
Japan has had 381 confirmed SARS-CoV-2 infections, and six deaths caused by Covid-19 pneumonia.
Aflac says in the new filing that, on Tuesday, the company found that a temporary staff employee at a call center in Japan was infected with SARS-CoV-2.