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International insurance company AFLAC -- gets most of its revenue from Japan selling health and life insurance to one of every four people in the country of the CEO of Affleck -- most.
Has just returned from a trip there and he joins us by telephone plus -- first -- Fox Business interview.
What give us just your reflections -- what you took away from your trip to Japan.
I would say -- Tokyo's about 98% at the level it normally is.
You can tell there's lighter traffic.
You have for example at night it's it's blacked out.
A lot force.
It's just not quite up to -- laws but there's not -- panic.
In the year -- she might -- it's clear they're relatively calm.
There you know a lot of the foreigners have left -- so.
You know there's -- -- with why did they leave to a lot of the Japanese.
Now that area did.
The quake zone and -- Fukushima plant.
I didn't go into that area but I did travel all around Tokyo and met with -- -- that are different people.
And I would say it they're going to recover.
But it's gonna take some time.
But -- I would take Tokyo beat back -- within a month.
-- that you put -- 90% number on that effort Tokyo -- -- talk about some of the other areas so because as we said a moment ago wanted to every four houses.
Hidden Japan I believe is insured by AFLAC three quarters your business is there.
So what what does this do for your business envision that -- 5000 employees I'm sure you're very worried about.
Right well the good news is all of our employees -- -- We know that.
We have about a 100000.
And -- -- 100000 -- independent contractor so they don't have to check in with us.
But so far -- 90% we we've been able to reach.
We found no fatalities at this point but.
Statistically speaking there probably will be solved right I have talked to all of our managers and those prefectures.
And the devastation.
As you've seen on -- News and we expected to be quite sometime before it'll recover from that particular prefecture capped for 7% of the GNC.
Not to get way ahead of Bob Ford or to lose sight of the the disastrous human.
Event that's happening there but what about from a profit and loss standpoint it AFLAC what does it mean for you.
Well we don't sell property casualty insurance so we don't have that is an issue.
From a life insurance standpoint.
And also from a health insurance standpoint.
We're going to have quite a few clients.
Not something that we are not reserved for.
But you know you've you've seen different numbers.
So who knows what that number because even -- 24000.
If -- 24000.
Which would be -- An awful.
We sure one out of -- -- that would be 6000 deaths right and we have twenty million policies in force so as a percentage very small and we can handle -- and we sit that we expected.
They're still -- Eight earnings per share growth now it's nothing else goes wrong from a nuclear perspective that we haven't seen -- -- distort the right now.
I think we're well within our lives -- we will -- fine.
Fair enough and done last thing I'll ask you about it it might seem like a straight question at a time like this but it's going to be important part of your business your marketing campaign with the -- the AFLAC duck -- everything else there's a lot of headlines made when not a comedian Gilbert Gottfried was let go for these comments that he made on Twitter which actually were related.
I to Japan that decision -- your -- by the way is that a decision you made what would you say about moving forward from there.
He the management team ultimately brought it to me and we look at it.
But that we had to move fast you know how the couple Twitter and how quickly it -- And it's been -- overall messages when he did that here we are we made a hundred million a hundred million yen contribution on Friday.
And -- Saturday he made those comments.
It is just.
The you know we just can't have bad I know he's apologized that's been and then we certainly -- that bit but we cannot.
Group had that happen in our case so what we're doing now is we're actually do it a nationwide search and six different cities.
For the AFLAC duck spokesperson.
And so you'll be -- -- -- -- the next couple of days and we're gonna do it over three -- and it period it'll really be a job energy.
And will choose someone.
Probably be a little bit different from what we've had in the past are but it'll still be the F.
Like -- -- the ducks days just a different voice with Gilbert Gottfried to correct.
All right and that starts today -- believe that that effort to find the new the new voice so I don't regret Danny must thanks a lot for joining us first on fox just back off from Japan.
I think he should have some action.
How all of this could be something for you there we.
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