Daniel P. Amos
Also at Aflac Inc
About
Daniel P. Amos is a seasoned leader who has guided the company with a steadfast commitment and robust leadership, currently being 73 years old.
He began his professional journey with the organization in 1983 as a member of the Board of Directors and later took on critical roles that have defined his career at AFL. He has served as the Chief Executive Officer since 1990 and assumed the role of Chairman of the Board in 2001.
Recently, his leadership was further recognized with his appointment as President, effective January 1, 2024 , an addition that underscores his ongoing influence on the company’s strategic direction and operational integrity. His responsibilities have also extended to ensuring financial compliance and corporate governance.
While comprehensive details regarding his personal background and educational history are not provided in these documents, his extensive tenure and diverse roles at AFL highlight a career devoted to steadfast leadership and operational excellence.
$AFL Performance Under Daniel P. Amos
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,441,100 | Annual (2023) | Fixed base salary for Daniel P. Amos |
| Company Contributions to Nonqualified Deferred Compensation | $0 | Annual (2023) | No company contributions were made for nonqualified deferred compensation |
| Company Contributions to 401(k) Plan | $13,200 | Annual (2023) | Company contributions to the 401(k) plan |
| Perquisites and Other Personal Benefits | $461,689 | Annual (2023) | Includes Personal Use of Company Aircraft: $205,733 , Security Services: $249,621 , Other (guest travel): $6,335 |
Performance Compensation
Management Incentive Plan (MIP) for 2023
| Metric Category | Weighting | Target / Performance Detail |
|---|---|---|
| Corporate Metric | 45.60% | Adjusted earnings per diluted share target: $6.56 (currency-neutral; adjusted from $6.43 reported) |
| U.S. Segment Metrics | 18.20% | New Annualized Premium increase: 5.06% ; Net Earned Premium increase: 1.89% ; Cost Savings: $55.0 million |
| Japan Segment Metrics | 30.20% | New Annualized Premium: £60.7 billion ; Net Earned Premium decrease: (6.84%) ; Cost Savings: £4.9 billion |
| Global Investments | 6.00% | Net Investment Income target: Budget plus 5.66% ; Credit Losses/Impairments: $(200 million) |
Payout Structure:
- Minimum performance (threshold): 50% of target payout
- Maximum performance: 200% of target payout, with interpolation applied for in-between results
Payout Outcome for 2023:
- Target MIP as a percentage of base salary: 250%
- Earned MIP as a percentage of base salary: 402%
- Actual Non-Equity Incentive Compensation Paid: $5,796,333
Vesting & Payment Schedule:
- As an annual incentive plan, performance results were evaluated over the 2023 fiscal year with payouts determined and paid in February 2024.
MIP Modifier:
- A modifier of +0% was applied based on sustainability objectives (three out of four achieved)
Grant Details:
- Grant Date: February 9, 2023
- Grant Date Fair Value: $10,270,666
- Grant Date Stock Price: Not explicitly provided in the documents
This table and explanation comprehensively cover the performance compensation components, required performance metrics, targets, thresholds, maximum payouts, weightings, vesting schedule, evaluation period, and actual payout results for Daniel P. Amos in 2023.