Forbes adds Aflac to 'best-managed' firms list

Forbes magazine has chosen Georgia insurance giant Aflac as one of America's best-managed firms.

This also makes the ninth year the American Family Life Insurance Company of Columbus has made the financial magazine top 400 Big Business grade.

The 53-year-old family-run business is a Fortune 500 company, with some 40 million policyholders worldwide.

Forbes editors chose the company based on an array of data covering one to five years, that include sales growth and stock market returns.

AFLAC CEO Dan Amos, last month announced he was foregoing a 13-million dollar, “golden parachute” severance package as a goodwill gesture in light of the nation's severe economic situation.

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