Aflac Inc. announced Wednesday it will boost its business alliance with Japan Post Holdings Co., Ltd., which will acquire about 7 percent of the Georgia-based insurance giant's stock.
Aflac (NYSE: AFL) said the deal renews the companies' commitment to the cancer insurance marketplace in Japan. Aflac Japan's revenues accounted for 70 percent of the company's total revenues in 2017 of $21.7 billion.
Columbus, Ga.-based Aflac pioneered the cancer insurance market in Japan in 1974, and remains the…
