QUARTERLY STATEMENT OF THE

QUARTERLY STATEMENT OF THE American Family Life Assurance Company of Columbus (Aflac) Of Omaha in the state of NE to the Insurance Department of the State of For the Period Ended March 31, 2014 2014

LIFE AND ACCIDENT AND HEALTH COMPANIES - ASSOCIATION EDITION *60380201420100101* QUARTERLY STATEMENT As of March 31, 2014 of the Condition and Affairs of the American Family Life Assurance Company of Columbus (Aflac) NAIC Group Code... 370, 370 NAIC Company Code... 60380 Employer's ID Number... 58-0663085 (Current Period) (Prior Period) Organized under the Laws of Nebraska State of Domicile or Port of Entry Nebraska Country of Domicile US Incorporated/Organized... November 17, 1955 Commenced Business... April 1, 1956 Statutory Home Office 10306 Regency Parkway Drive.. Omaha... NE... US... 68114-3743 (Street and Number) (City or Town, State, Country and Zip Code) Main Administrative Office 1932 Wynnton Road.. Columbus... GA... US... 31999-001 706-323-3431 (Street and Number) (City or Town, State, Country and Zip Code) (Area Code) (Telephone Number) Mail Address 1932 Wynnton Road.. Columbus... GA... US... 31999-001 (Street and Number or P. O. Box) (City or Town, State, Country and Zip Code) Primary Location of Books and Records 1932 Wynnton Road.. Columbus... GA... US... 31999-001 706-323-3431 (Street and Number) (City or Town, State, Country and Zip Code) (Area Code) (Telephone Number) Internet Web Site Address aflac.com Statutory Statement Contact Michael S. Bruder 706-763-4020 (Name) (Area Code) (Telephone Number) (Extension) mbruder@aflac.com 706-596-3280 (E-Mail Address) (Fax Number) OFFICERS Name Title Name Title 1. Paul Shelby Amos II President 2. Joseph Matthew Loudermilk Vice President, Secretary 3. June Posey Howard Senior Vice President, Chief Accounting Officer 4. Daniel Paul Amos Chairman, Chief Executive Officer OTHER Kenneth S. Janke President (Aflac US) Kriss Cloninger III Executive Vice President, Chief Financial Officer Joey Meredith Loudermilk Executive Vice President, General Counsel Teresa Lynne White Executive Vice President, Chief Operating Officer Audrey Boone Tillman Executive Vice President, Corporate Services Eric Mark Kirsch Executive Vice President, Global Chief Investment Officer Susan Rynearson Blanck Executive Vice President, Corporate Actuary JAPAN BRANCH MANAGEMENT Charles Ditmars Lake II Chairman Tohru Tonoike President, Chief Operating Officer Masahiko Furutani Deputy President Hiroshi Yamauchi Executive Vice President Koji Ariyoshi Executive Vice President Jun Isonaka First Senior Vice President Masatoshi Koide First Senior Vice President DIRECTORS OR TRUSTEES Daniel Paul Amos Chairman Paul Shelby Amos II Francis Joseph Barrett Kriss Cloninger III June Posey Howard Kenneth S. Janke Charles Boynton Knapp Joey Meredith Loudermilk Ernest Stephen Purdom David Gary Thompson State of... County of... Georgia Muscogee The officers of this reporting entity being duly sworn, each depose and say that they are the described officers of said reporting entity, and that on the reporting period stated above, all of the herein described assets were the absolute property of the said reporting entity, free and clear from any liens or claims thereon, except as herein stated, and that this statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement of all the assets and liabilities and of the condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions therefrom for the period ended, and have been completed in accordance with the NAIC Annual Statement Instructions and Accounting Practices and Procedures manual except to the extent that: (1) state law may differ; or, (2) that state rules or regulations require differences in reporting not related to accounting practices and procedures, according to the best of their information, knowledge and belief, respectively. Furthermore, the scope of this attestation by the described officers also includes the related corresponding electronic filing with the NAIC, when required, that is an exact copy (except for formatting differences due to electronic filing) of the enclosed statement. The electronic filing may be requested by various regulators in lieu of or in addition to the enclosed statement. (Signature) (Signature) (Signature) Paul Shelby Amos II Joseph Matthew Loudermilk June Posey Howard 1. (Printed Name) 2. (Printed Name) 3. (Printed Name) President Vice President, Secretary Senior Vice President, Chief Accounting Officer (Title) (Title) (Title) Subscribed and sworn to before me a. Is this an original filing? Yes [ X ] No [ ] This day of b. If no: 1. State the amendment number 2. Date filed 3. Number of pages attached

ASSETS Current Statement Date 4 1 2 3 Net Admitted December 31 Nonadmitted Assets Prior Year Net Assets Assets (Cols. 1-2) Admitted Assets 1. Bonds......104,194,391,331...0...104,194,391,331...98,560,627,085 2. Stocks: 2.1 Preferred stocks......4,909,924...0...4,909,924...4,907,677 2.2 Common stocks......734,422,177...14,825...734,407,352...740,900,918 3. Mortgage loans on real estate: 3.1 First liens......2,079,311...0...2,079,311...2,322,795 3.2 Other than first liens......3,555,687...3,555,687...0...0 4. Real estate: 4.1 Properties occupied by the company (less $...0 encumbrances)......246,332,120...0...246,332,120...243,010,103 4.2 Properties held for the production of income (less $...0 encumbrances)......0...0...0...0 4.3 Properties held for sale (less $...0 encumbrances)......0...0...0...0 5. Cash ($...188,456,933), cash equivalents ($...0) and short-term investments ($...173,706,278)......362,163,211...0...362,163,211...5,301,361,102 6. Contract loans (including $...0 premium notes)......150,984,264...0...150,984,264...142,244,973 7. Derivatives......96,136,504...0...96,136,504...41,010,306 8. Other invested assets......381,795,825...0...381,795,825...381,936,685 9. Receivables for securities......0...0...0...241,993,049 10. Securities lending reinvested collateral assets......468,421,086...0...468,421,086...337,593,887 11. Aggregate write-ins for invested assets......0...0...0...0 12. Subtotals, cash and invested assets (Lines 1 to 11)......106,645,191,440...3,570,512...106,641,620,928...105,997,908,580 13. Title plants less $...0 charged off (for Title insurers only)......0...0...0...0 14. Investment income due and accrued......750,631,858...0...750,631,858...777,782,976 15. Premiums and considerations: 15.1 Uncollected premiums and agents' balances in the course of collection......406,136,538...39,390,574...366,745,964...373,844,744 15.2 Deferred premiums, agents' balances and installments booked but deferred and not yet due (including $...0 earned but unbilled premiums)......6,754,330...0...6,754,330...6,194,599 15.3 Accrued retrospective premiums......0...0...0...0 16. Reinsurance: 16.1 Amounts recoverable from reinsurers......24,452,275...0...24,452,275...11,611,871 16.2 Funds held by or deposited with reinsured companies......0...0...0...0 16.3 Other amounts receivable under reinsurance contracts......37,029,492...0...37,029,492...34,348,184 17. Amounts receivable relating to uninsured plans......0...0...0...0 18.1 Current federal and foreign income tax recoverable and interest thereon......0...0...0...0 18.2 Net deferred tax asset......0...0...0...0 19. Guaranty funds receivable or on deposit......1,929,486...0...1,929,486...1,805,071 20. Electronic data processing equipment and software......32,292,648...20,221,692...12,070,956...13,783,650 21. Furniture and equipment, including health care delivery assets ($...0)......27,228,664...27,228,664...0...0 22. Net adjustment in assets and liabilities due to foreign exchange rates......0...0...0...0 23. Receivables from parent, subsidiaries and affiliates......147,083,043...0...147,083,043...387,071,068 24. Health care ($...0) and other amounts receivable......8,454,976...8,454,976...0...0 25. Aggregate write-ins for other than invested assets......357,834,570...155,573,505...202,261,065...103,363,619 26. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 12 through 25)......108,445,019,320...254,439,923...108,190,579,397...107,707,714,362 27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts......207,895,629...0...207,895,629...205,260,397 28. Total (Lines 26 and 27)......108,652,914,949...254,439,923...108,398,475,026...107,912,974,759 DETAILS OF WRITE-INS 1101.......0...0...0...0 1102.......0...0...0...0 1103.......0...0...0...0 1198. Summary of remaining write-ins for Line 11 from overflow page......0...0...0...0 1199. Totals (Lines 1101 thru 1103 plus 1198) (Line 11 above)......0...0...0...0 2501. Refundable deposits in Japan, primarily leased office space......43,479,914...1,549,620...41,930,294...40,876,119 2502. Funds held by premium collection agencies......50,625,774...0...50,625,774...47,284,651 2503. Prepaid expenses......96,152,099...96,152,099...0...0 2598. Summary of remaining write-ins for Line 25 from overflow page......167,576,783...57,871,786...109,704,997...15,202,849 2599. Totals (Lines 2501 thru 2503 plus 2598) (Line 25 above)......357,834,570...155,573,505...202,261,065...103,363,619 Q02

LIABILITIES, SURPLUS AND OTHER FUNDS 1 2 Current December 31 Statement Date Prior Year 1. Aggregate reserve for life contracts $...20,595,746,178 less $...0 included in Line 6.3 (including $...1,315,130 Modco Reserve)......20,595,746,178...19,019,138,783 2. Aggregate reserve for accident and health contracts (including $...0 Modco Reserve)......54,664,026,532...53,220,619,248 3. Liability for deposit-type contracts (including $...0 Modco Reserve)......195,280,621...169,855,434 4. Contract claims: 4.1 Life......178,420,423...177,388,282 4.2 Accident and health......3,410,726,489...3,302,929,088 5. Policyholders' dividends $...0 and coupons $...0 due and unpaid......0...0 6. Provision for policyholders' dividends and coupons payable in following calendar year - estimated amounts: 6.1 Dividends apportioned for payment (including $...0 Modco)......0...0 6.2 Dividends not yet apportioned (including $...0 Modco)......3,023...3,023 6.3 Coupons and similar benefits (including $...0 Modco)......0...0 7. Amount provisionally held for deferred dividend policies not included in Line 6......0...0 8. Premiums and annuity considerations for life and accident and health contracts received in advance less $...370,977,782 discount; including $...302,685,168 accident and health premiums......11,345,939,114...10,948,529,998 9. Contract liabilities not included elsewhere: 9.1 Surrender values on canceled contracts......38,104,379...36,463,203 9.2 Provision for experience rating refunds, including the liability of $...0 accident and health experience rating refunds of which $...0 is for medical loss ratio rebate per the Public Health Service Act......0...0 9.3 Other amounts payable on reinsurance, including $...39,074,146 assumed and $...43,139,791 ceded......82,213,937...70,198,391 9.4 Interest Maintenance Reserve......1,277,500,763...1,319,370,395 10. Commissions to agents due or accrued - life and annuity contracts $...27,145,949, accident and health $...127,923,670 and deposit-type contract funds $...0......155,069,619...153,129,163 11. Commissions and expense allowances payable on reinsurance assumed......0...0 12. General expenses due or accrued......454,510,904...537,687,389 13. Transfers to Separate Accounts due or accrued (net) (including $...0 accrued for expense allowances recognized in reserves, net of reinsured allowances)......0...0 14. Taxes, licenses and fees due or accrued, excluding federal income taxes......39,009,537...55,300,830 15.1 Current federal and foreign income taxes, including $...0 on realized capital gains (losses)......141,639,988...607,445,604 15.2 Net deferred tax liability......1,722,560,026...1,574,961,567 16. Unearned investment income......0...0 17. Amounts withheld or retained by company as agent or trustee......19,113,049...8,898,762 18. Amounts held for agents' account, including $...6,252,485 agents' credit balances......10,371,479...8,300,287 19. Remittances and items not allocated......68,055,712...74,081,395 20. Net adjustment in assets and liabilities due to foreign exchange rates......0...0 21. Liability for benefits for employees and agents if not included above......0...0 22. Borrowed money $...0 and interest thereon $...0......0...0 23. Dividends to stockholders declared and unpaid......0...0 24. Miscellaneous liabilities: 24.01 Asset valuation reserve......221,147,566...178,306,042 24.02 Reinsurance in unauthorized and certified ($...0) companies......0...0 24.03 Funds held under reinsurance treaties with unauthorized and certified ($...0) reinsurers......0...0 24.04 Payable to parent, subsidiaries and affiliates......49,593,232...48,771,893 24.05 Drafts outstanding......0...0 24.06 Liability for amounts held under uninsured plans......0...0 24.07 Funds held under coinsurance......0...0 24.08 Derivatives......149,287,786...615,047,852 24.09 Payable for securities......20,090,432...474,587 24.10 Payable for securities lending......3,313,301,964...5,819,902,472 24.11 Capital notes $...0 and interest thereon $...0......0...0 25. Aggregate write-ins for liabilities......125,774,753...130,851,854 26. Total liabilities excluding Separate Accounts business (Lines 1 to 25)......98,277,487,506...98,077,655,542 27. From Separate Accounts statement......207,895,629...205,260,397 28. Total liabilities (Lines 26 and 27)......98,485,383,135...98,282,915,939 29. Common capital stock......3,879,605...3,879,605 30. Preferred capital stock......0...0 31. Aggregate write-ins for other than special surplus funds......0...0 32. Surplus notes......0...0 33. Gross paid in and contributed surplus......569,929,529...569,929,529 34. Aggregate write-ins for special surplus funds......788,242...0 35. Unassigned funds (surplus)......9,338,494,515...9,056,249,686 36. Less treasury stock, at cost: 36.1...0.000 shares common (value included in Line 29 $...0)......0...0 36.2...0.000 shares preferred (value included in Line 30 $...0)......0...0 37. Surplus (Total Lines 31 + 32 + 33 + 34 + 35-36) (including $...0 in Separate Accounts Statement)......9,909,212,286...9,626,179,215 38. Totals of Lines 29, 30 and 37......9,913,091,891...9,630,058,820 39. Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)......108,398,475,026...107,912,974,759 DETAILS OF WRITE-INS 2501. Other liabilities......75,354,758...70,631,042 2502. Funds held for escheat......29,383,276...30,087,906 2503. Payable for return of cash collateral......10,370,000...19,490,000 2598. Summary of remaining write-ins for Line 25 from overflow page......10,666,719...10,642,906 2599. Totals (Lines 2501 thru 2503 plus 2598) (Line 25 above)......125,774,753...130,851,854 3101.......0...0 3102.......0...0 3103.......0...0 3198. Summary of remaining write-ins for Line 31 from overflow page......0...0 3199. Totals (Lines 3101 thru 3103 plus 3198) (Line 31 above)......0...0 3401. Affordable Care Act fee special surplus......788,242...0 3402.......0...0 3403.......0...0 3498. Summary of remaining write-ins for Line 34 from overflow page......0...0 3499. Totals (Lines 3401 thru 3403 plus 3498) (Line 34 above)......788,242...0 Q03

SUMMARY OF OPERATIONS 1 2 3 Current Prior Prior Year Ended Year to Date Year to Date December 31 1. Premiums and annuity considerations for life and accident and health contracts......5,030,051,617...5,400,670,414...20,550,205,848 2. Considerations for supplementary contracts with life contingencies......0...0...0 3. Net investment income......810,984,005...829,334,174...3,231,805,937 4. Amortization of Interest Maintenance Reserve (IMR)......10,203,086...20,452,931...63,076,921 5. Separate Accounts net gain from operations excluding unrealized gains or losses......0...0...0 6. Commissions and expense allowances on reinsurance ceded......43,816,916...53,648...44,414,881 7. Reserve adjustments on reinsurance ceded......(25,644)...(1,858)...(20,294) 8. Miscellaneous Income: 8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts......3,146,515...3,099,421...12,432,713 8.2 Charges and fees for deposit-type contracts......0...0...0 8.3 Aggregate write-ins for miscellaneous income......(7,357,890)...21,660,573...81,534,478 9. Totals (Lines 1 to 8.3)......5,890,818,605...6,275,269,303...23,983,450,484 10. Death benefits......82,381,494...103,062,496...321,546,833 11. Matured endowments (excluding guaranteed annual pure endowments)......3,363,923...2,522,754...10,089,236 12. Annuity benefits......1,039,486...1,464,191...4,604,795 13. Disability benefits and benefits under accident and health contracts......1,915,339,588...2,045,631,398...7,957,233,892 14. Coupons, guaranteed annual pure endowments and similar benefits......0...0...0 15. Surrender benefits and withdrawals for life contracts......141,015,917...150,581,722...546,152,109 16. Group conversions......0...0...0 17. Interest and adjustments on contract or deposit-type contract funds......633,688...405,004...1,948,252 18. Payments on supplementary contracts with life contingencies......0...0...0 19. Increase in aggregate reserves for life and accident and health contracts......1,486,553,713...1,510,012,862...6,002,153,161 20. Totals (Lines 10 to 19)......3,630,327,809...3,813,680,426...14,843,728,278 21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)......601,134,257...701,501,917...2,631,361,896 22. Commissions and expense allowances on reinsurance assumed......19,306,003...22,072,933...81,726,906 23. General insurance expenses......627,081,509...633,624,254...2,599,297,631 24. Insurance taxes, licenses and fees, excluding federal income taxes......45,330,657...49,019,122...207,880,438 25. Increase in loading on deferred and uncollected premiums......(119,460)...500,529...(24,998) 26. Net transfers to or (from) Separate Accounts net of reinsurance......0...0...0 27. Aggregate write-ins for deductions......8,360,159...4,161,353...6,110,957 28. Totals (Lines 20 to 27)......4,931,420,934...5,224,560,535...20,370,081,108 29. Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus Line 28)......959,397,671...1,050,708,767...3,613,369,376 30. Dividends to policyholders......932...915...4,646 31. Net gain from operations after dividends to policyholders and before federal income taxes (Line 29 minus Line 30)......959,396,739...1,050,707,853...3,613,364,730 32. Federal and foreign income taxes incurred (excluding tax on capital gains)......211,870,500...248,872,610...1,193,449,426 33. Net gain from operations after dividends to policyholders and federal income taxes and before realized capital gains or (losses) (Line 31 minus Line 32)......747,526,239...801,835,243...2,419,915,304 34. Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of $...0 (excluding taxes of $...0 transferred to the IMR)......(14,093,853)...(43,996,742)...(59,330,580) 35. Net income (Line 33 plus Line 34)......733,432,386...757,838,500...2,360,584,724 CAPITAL AND SURPLUS ACCOUNT 36. Capital and surplus, December 31, prior year......9,630,058,817...8,891,758,066...8,891,758,066 37. Net income (Line 35)......733,432,386...757,838,500...2,360,584,724 38. Change in net unrealized capital gains (losses) less capital gains tax of $...(326,288)......(7,149,803)...3,511,954...46,829,979 39. Change in net unrealized foreign exchange capital gain (loss)......62,385,016...(182,782,912)...(479,758,401) 40. Change in net deferred income tax......(147,598,459)...(120,162,103)...(128,592,620) 41. Change in nonadmitted assets......(11,841,033)...20,249,802...38,745,807 42. Change in liability for reinsurance in unauthorized and certified companies......0...0...0 43. Change in reserve on account of change in valuation basis, (increase) or decrease......0...0...0 44. Change in asset valuation reserve......(42,841,524)...(22,456,361)...(141,267,836) 45. Change in treasury stock......0...0...0 46. Surplus (contributed to) withdrawn from Separate Accounts during period......0...0...0 47. Other changes in surplus in Separate Accounts Statement......0...0...0 48. Change in surplus notes......0...0...0 49. Cumulative effect of changes in accounting principles......0...0...0 50. Capital changes: 50.1 Paid in......0...0...0 50.2 Transferred from surplus (Stock Dividend)......0...0...0 50.3 Transferred to surplus......0...0...0 51. Surplus adjustment: 51.1 Paid in......0...0...0 51.2 Transferred to capital (Stock Dividend)......0...0...0 51.3 Transferred from capital......0...0...0 51.4 Change in surplus as a result of reinsurance......0...0...0 52. Dividends to stockholders......(268,925,094)...(163,435,140)...(962,038,665) 53. Aggregate write-ins for gains and losses in surplus......(34,428,418)...(28,763,236)...3,797,763 54. Net change in capital and surplus (Lines 37 through 53)......283,033,071...264,000,505...738,300,751 55. Capital and surplus as of statement date (Lines 36 + 54)......9,913,091,888...9,155,758,571...9,630,058,817 DETAILS OF WRITE-INS 08.301. Administrative service fees from affiliates......727,239...6,055,804...17,036,002 08.302. Interest on agents' balances......366,601...363,681...1,426,952 08.303. Realized foreign exchange gain/(loss)......(9,315,602)...13,498,510...57,278,273 08.398. Summary of remaining write-ins for Line 8.3 from overflow page......863,872...1,742,577...5,793,251 08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)......(7,357,890)...21,660,573...81,534,478 2701. Reserve adjustment from reinsurance assumed......8,360,159...4,161,353...6,110,957 2702.......0...0...0 2703.......0...0...0 2798. Summary of remaining write-ins for Line 27 from overflow page......0...0...0 2799. Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)......8,360,159...4,161,353...6,110,957 5301. Minimum pension liability......(404,508)...(27,623,726)...18,389,838 5302. Derivatives......(34,023,910)...(1,139,510)...(14,592,075) 5303.......0...0...0 5398. Summary of remaining write-ins for Line 53 from overflow page......0...0...0 5399. Totals (Lines 5301 thru 5303 plus 5398) (Line 53 above)......(34,428,418)...(28,763,236)...3,797,763 Q04

CASH FROM OPERATIONS CASH FLOW 1 2 3 Current Year Prior Year Prior Year Ended to Date To Date December 31 1. Premiums collected net of reinsurance......5,172,207,881...6,385,047,220...22,286,412,809 2. Net investment income......878,553,533...883,772,410...3,319,633,570 3. Miscellaneous income......44,813,705...8,020,592...17,934,551 4. Total (Lines 1 through 3)......6,095,575,119...7,276,840,222...25,623,980,930 5. Benefit and loss related payments......2,105,633,571...2,267,027,093...8,665,256,137 6. Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts......0...0...0 7. Commissions, expenses paid and aggregate write-ins for deductions......1,339,796,992...1,413,957,537...5,362,778,376 8. Dividends paid to policyholders......932...915...4,646 9. Federal and foreign income taxes paid (recovered) net of $...0 tax on capital gains (losses)......693,945,614...291,713,843...753,214,479 10. Total (Lines 5 through 9)......4,139,377,109...3,972,699,388...14,781,253,638 11. Net cash from operations (Line 4 minus Line 10)......1,956,198,010...3,304,140,834...10,842,727,292 CASH FROM INVESTMENTS 12. Proceeds from investments sold, matured or repaid: 12.1 Bonds......567,501,380...3,011,303,400...13,406,408,754 12.2 Stocks......168,187...0...217,500 12.3 Mortgage loans......559,118...225,586...2,122,386 12.4 Real estate......0...0...0 12.5 Other invested assets......0...0...0 12.6 Net gains or (losses) on cash, cash equivalents and short-term investments......0...0...0 12.7 Miscellaneous proceeds......261,608,894...1,067,016,826...0 12.8 Total investment proceeds (Lines 12.1 to 12.7)......829,837,579...4,078,545,812...13,408,748,640 13. Cost of investments acquired (long-term only): 13.1 Bonds......4,484,067,810...4,308,943,655...21,433,882,393 13.2 Stocks......0...60,000,000...60,000,000 13.3 Mortgage loans......0...0...0 13.4 Real estate......163,991...55,535...610,639 13.5 Other invested assets......0...0...0 13.6 Miscellaneous applications......458,467,429...1,853,664,779...468,173,422 13.7 Total investments acquired (Lines 13.1 to 13.6)......4,942,699,230...6,222,663,969...21,962,666,454 14. Net increase or (decrease) in contract loans and premium notes......8,739,291...(7,014,182)...(9,714,649) 15. Net cash from investments (Line 12.8 minus Line 13.7 and Line 14)......(4,121,600,942)...(2,137,103,975)...(8,544,203,165) 16. Cash provided (applied): CASH FROM FINANCING AND MISCELLANEOUS SOURCES 16.1 Surplus notes, capital notes......0...0...0 16.2 Capital and paid in surplus, less treasury stock......0...0...0 16.3 Borrowed funds......0...0...0 16.4 Net deposits on deposit-type contracts and other insurance liabilities......20,976,782...16,967,445...61,434,777 16.5 Dividends to stockholders......268,925,094...163,435,140...962,038,665 16.6 Other cash provided (applied)......(2,525,846,647)...(5,880,300,699)...(2,310,739,107) 17. Net cash from financing and miscellaneous sources (Lines 16.1 through 16.4 minus Line 16.5 plus Line 16.6)......(2,773,794,959)...(6,026,768,394)...(3,211,342,995) RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS 18. Net change in cash, cash equivalents and short-term investments (Line 11 plus Line 15 plus Line 17)......(4,939,197,891)...(4,859,731,535)...(912,818,868) 19. Cash, cash equivalents and short-term investments: 19.1 Beginning of year......5,301,361,102...6,214,179,970...6,214,179,970 19.2 End of period (Line 18 plus Line 19.1)......362,163,211...1,354,448,435...5,301,361,102 Note: Supplemental disclosures of cash flow information for non-cash transactions: 20.0001......0...0...0 Q05

EXHIBIT 1 DIRECT PREMIUMS AND DEPOSIT-TYPE CONTRACTS 1 2 3 Current Year Prior Year Prior Year To Date To Date Ended December 31 1. Industrial life......0...0...0 2. Ordinary life insurance......1,330,715,527...1,393,036,382...4,979,461,004 3. Ordinary individual annuities......180,943,774...142,359,091...742,628,518 4. Credit life (group and individual)......0...0...0 5. Group life insurance......491,250...546,165...2,108,248 6. Group annuities......0...0...0 7. A&H - group......2,335,961...2,780,153...10,060,621 8. A&H - credit (group and individual)......0...0...0 9. A&H - other......3,564,774,976...3,834,892,116...14,794,309,853 10. Aggregate of all other lines of business......0...0...0 11. Subtotal......5,079,261,488...5,373,613,907...20,528,568,243 12. Deposit-type contracts......0...0...0 13. Total......5,079,261,488...5,373,613,907...20,528,568,243 DETAILS OF WRITE-INS 1001.......0...0...0 1002.......0...0...0 1003.......0...0...0 1098. Summary of remaining write-ins for Line 10 from overflow page......0...0...0 1099. Total (Lines 1001 thru 1003 plus 1098) (Line 10 above)......0...0...0 Q06

NOTES TO FINANCIAL STATEMENTS (1) Summary of Significant Accounting Policies A. Accounting Practices The financial statements of American Family Life Assurance Company of Columbus ( Aflac or The Company ) are presented on the basis of accounting practices prescribed or permitted by the Nebraska Department of Insurance (NEDOI). The amounts reported pertain to the entire company business including separate accounts business. The NEDOI recognizes statutory accounting principles and practices prescribed or permitted by the state of Nebraska for determining and reporting the financial condition and results of operations of an insurance company, and for determining a company s solvency under Nebraska insurance law. The National Association of Insurance Commissioners (NAIC) Accounting Practices and Procedures Manual, (SAP) has been adopted by the state of Nebraska as a component of those prescribed or permitted practices. Additionally, the Director of the NEDOI has the right to permit other specific practices which deviate from prescribed practices. The Company has been given explicit permission by the Director of the NEDOI for two such permitted practices. The permitted practices do not impact the calculation of net income or prevent the triggering of a regulatory event in the Company s risk-based capital calculation. The Company has reported as admitted assets the refundable lease deposits on the leases of commercial office space which house Aflac Japan's sales operations. These lease deposits are unique and part of the ordinary course of doing business in the country of Japan; these assets would be non-admitted under SAP. The Company utilizes book value accounting for certain guaranteed separate account funding agreements instead of fair value accounting as required by SAP. As of March 31, 2014 and December 31, 2013, the underlying separate account assets had unrealized gains of $34.7 million. See Note 34 - Separate Accounts for a discussion of the Company s separate account holdings. A reconciliation of the Company s net income and capital and surplus between NAIC SAP and practices prescribed and permitted by the state of Nebraska is shown below: State of March December Domicile 2014 2013 NET INCOME Nebraska (1) Company state basis (Page 4, Line 35, Column 1 & 3) $ 733,432,386 $ 2,360,584,724 (2) State Prescribed Practices that increase/(decrease) NAIC SAP: - - (3) State Permitted Practices that increase/(decrease) NAIC SAP: - - (4) NAIC SAP (1-2-3=4) $ 733,432,386 $ 2,360,584,724 SURPLUS Nebraska (5) Company state basis (Page 3, Line 38, Columns 1 & 2) $ 9,913,091,891 $ 9,630,058,820 (6) State Prescribed Practices that increase/(decrease) NAIC SAP: - - (7) State Permitted Practices that increase/(decrease) NAIC SAP: Refundable lease deposits - Japan (41,930,294) (40,876,119) Separate Account Funding Agreements 34,652,620 34,725,768 (8) NAIC SAP (5-6-7=8) $ 9,905,814,217 $ 9,623,908,469 B. Use of Estimates in the Preparation of the Financial Statements The preparation of financial statements in accordance with SAP requires management to make estimates when recording transactions resulting from business operations, based on information currently available. The most significant items on the balance sheet that involve a greater degree of accounting estimates and actuarial determinations subject to changes in the future are the aggregate reserves for life and accident and health policies and the liability for policy and contract claims. As additional information becomes available, or actual amounts are determinable, the recorded estimates will be revised and reflected in net income. In addition, the identification of potentially impaired investments involves significant management judgment and requires evaluation of factors including but not limited to: percentage decline in value and length of time during which the decline has occurred, recoverability of principal and interest, general market conditions, rating agency opinions and actions regarding the issuer s credit standing, and issuer s economic, regulatory or political environment. Although some variability is inherent in these estimates, the Company believes the amounts provided are adequate. C. Accounting Policy No Significant Change (2) Accounting Changes and Corrections of Errors No Significant Change (3) Business Combinations and Goodwill No Significant Change (4) Discontinued Operations No Significant Change Q07

NOTES TO FINANCIAL STATEMENTS (5) Investments A. Mortgage Loans, including Mezzanine Real Estate Loans No Significant Change B. C. Not applicable D. Loan-Backed Securities 1. Prepayment assumptions The Company s prepayment assumptions are determined using constant prepayment rates provided by brokers. 2.-3. Not applicable 4. All impaired securities (fair value is less than cost or amortized cost) for which an other-than-temporary impairment has not been recognized in earnings as a realized loss (including securities with a recognized other-than-temporary impairment for non-interest related declines when a non-recognized interest related impairment remains): a. The aggregate amount of unrealized losses: 1. Less than 12 months $4,831,640 2. 12 months or longer $125,826,593 b. The aggregate related fair value of securities with unrealized losses 1. Less than 12 months $545,478,078 2. 12 months or longer $686,045,333 5. Information considered in reaching the conclusion that impairments are not other-than-temporary The determination of whether an impairment in value is other than temporary is based largely on our evaluation of the issuer's creditworthiness. Our credit professionals must apply considerable judgment in determining the likelihood of the security recovering in value while we own it. Factors that may influence this include the overall level of interest rates, credit spreads, the credit quality of the underlying issuer, and other factors. This process requires consideration of risks which can be controlled to a certain extent, such as credit risk, and risks which cannot be controlled, such as interest rate risk. We believe that fluctuations in the fair values of our investment securities related to general changes in the level of credit spreads or interest rates have little bearing on underlying credit quality of the issuer, and whether our investment is ultimately recoverable. Generally, we consider such declines in fair values to be temporary even in situations where an investment remains in an unrealized loss position for a year or more. E. Repurchase Agreements and/or Securities Lending Transactions No significant change except for 3(b) below: 3. Collateral Received Fair Value b. The fair value of that collateral and of the portion of that collateral that it has sold or repledged $3,312,286,278 F.- G. Not applicable H. No significant change I. Not applicable (6) Joint Ventures, Partnerships and Limited Liability Companies No significant change (7) Investment Income No significant change (8) Derivative Instruments No significant change (9) Income Taxes No significant change (10) Information Concerning Parent, Subsidiaries, Affiliates and Other Related Parties No significant change Q07.1

NOTES TO FINANCIAL STATEMENTS (11) Debt A. No significant change B. Not applicable (12) Retirement Plans, Deferred Compensation, Postemployment Benefits and Compensated Absences and Other Postretirement Benefit Plans A. (1) (3) No significant change (4) Components of net periodic benefit cost Japan Pension Benefits U.S. Pension Benefits Postretirement Benefits 3/31/2014 12/31/2013 3/31/2014 12/31/2013 3/31/2014 12/31/2013 a. Service cost $ 3,600,735 $ 14,907,912 $ 405,235 $ 772,984 $ 202,440 $ 4,264,250 b. Interest cost 1,801,165 9,425,081 393,649 1,176,445 365,842 2,794,875 c. Expected return on plan assets (958,146) (3,400,309) - - - - d. Transition asset or obligation - 1,654,076 - - - - e. Gains and losses 181,165 800,530 386,007 1,041,793 (103,235) - f. Prior service cost or credit 189,947 - - - 194,246 3,858,597 g. Gain or loss recognized due to a settlement or curtailment - - - - - - h. Total net periodic benefit cost $ 4,814,866 $ 23,387,290 $ 1,184,891 $ 2,991,222 $ 659,293 $ 10,917,722 (5) (21) No significant change. B.-I. No significant change (13) Capital and Surplus, Shareholders Dividend Restrictions and Quasi-Reorganizations (9). Changes in balances of special surplus funds from the prior year are due to implementation of accounting guidance for fees associated with the Affordable Care Act. (14) Contingencies No significant change (15) Leases No significant change (16) Financial Instruments With Off-Balance Sheet Risk And Financial Instruments With Concentrations of Credit Risk (1) The table below summarizes the face (notional) amount of the Company s financial instruments with off-balance sheet risk. Assets Liabilities March December March December 2014 2013 2014 2013 Swaps $ - $ - $ - $ - Futures/Forwards 4,097,236,668 355,821,235 14,158,920,388 11,248,352,000 Options 4,758,791,294 4,594,885,663 5,268,896,230 4,594,885,663 Total $ 8,856,027,963 $ 4,950,706,898 $ 19,427,816,618 $ 15,843,237,663 See Schedule DB for additional detail. (2) The notional amount of a derivative generally does not represent an amount that must be paid or received in the future. Such amounts also do not provide an indication of their potential sensitivity to interest rates or currencies, as applicable. The market sensitivity of a derivative would approach that of a cash instrument having a face amount equal to the derivative s notional amount. The Company uses foreign currency forward contracts to hedge foreign exchange risk on U.S. dollar denominated securities in Aflac Japan s portfolio. Under foreign currency forward contracts, the Company agrees with other parties to pay or receive cash at the settlement date. The Company uses foreign currency forward contracts and foreign currency options to hedge foreign exchange risk on certain profit repatriation received from Aflac Japan. The Company uses interest rate swaptions to hedge certain dollar-denominated securities against significant changes in fair value associated with interest rate changes. (3) The Company attempts to limit its credit exposure by dealing with counterparties with investment grade credit ratings. The Company is exposed to credit-related losses in the event of nonperformance by counterparties to financial instruments, but it does not expect any counterparties to Q07.2

NOTES TO FINANCIAL STATEMENTS fail to meet their obligations given their high credit ratings. The Company has not incurred any losses on derivative financial instruments due to counterparty nonperformance for the year-to-date period ended March 31, 2014. (4) As of March 2014, the majority of the Company s derivatives are executed as short-term borrowing and lending arrangements where no collateral is needed. The Company is required to post collateral for any swaption contracts that are executed. The Company currently pledges Japanese Government Bonds to satisfy this collateral requirement. For foreign currency forward contracts and foreign currency options to hedge foreign exchange risk on certain profit repatriation, the Company or counterparty is required to post collateral. The counterparty currently has posted cash to satisfy this collateral requirement. (17) Sale, Transfer, and Servicing of Financial Assets and Extinguishments of Liabilities B(2)b. No significant change B(4)a. No significant change B(4)b. No significant change C. Wash Sales The Company had no wash sales involving securities that are either unrated or have an NAIC designation of 3 or below. (18) Gain or Loss to the Reporting Entity from Uninsured Plans and the Uninsured Portion of Partially Insured Plans No significant change (19) Direct Premium Written/Produced by Managing General Agents/Third Party Administrators No significant change (20) Fair Value Measurement A. Assets and Liabilities Measured and Reported At Fair Value (1) Fair Value Measurements at March 31, 2014 a. Assets at fair value: Description Level 1 Level 2 Level 3 Total Perpetual Preferred stock: Industrial and Misc $ - $ - $ - $ - Parent, Subsidiaries and Affiliates - - - - Total Perpetual Preferred Stocks - - - - Bonds: U.S. Governments - - - - Industrial and Misc - - - - Hybrid Securities - - - - Parent, Subsidiaries and Affiliates - - - - Total Bonds - - - - Common Stock: Industrial and Misc 13,625,086-181,411 13,806,497 Parent, Subsidiaries and Affiliates - 502,190,761-502,190,761 Total Common Stocks 13,625,086 502,190,761 181,411 515,997,258 Derivative assets: Interest rate contracts - - - - Foreign exchange contracts - - - - Credit contracts - - - - Commodity futures contracts - - - - Commodity forward contracts - - - - Total Derivatives - - - - Separate account assets - - - - Total assets at fair value $ 13,625,086 $ 502,190,761 $ 181,411 $ 515,997,258 b. Liabilities at fair value: Derivative liabilities $ - $ - $ - $ - Total liabilities at fair value $ - $ - $ - $ - Q07.3

NOTES TO FINANCIAL STATEMENTS (2) Fair value measurements in (Level 3) of the Fair Value Hierarchy Total gains Total gains Beginning Transfers Transfers and (losses) and (losses) Ending Balance at into out of included in included in Balance at Description 1/1/2014 (Level 3) (Level 3) Net Income Surplus Purchases Issuances Sales Settlements 3/31/2014 a. Assets: Common stock Industrial and misc $ 167,670 $ - $ - $ - $ 13,741 $ - $ - $ - $ - $ 181,411 Total assets $ 167,670 $ - $ - $ - $ 13,741 $ - $ - $ - $ - $ 181,411 b Liabilities: Derivative liabilities $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Total liabilities $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - (3) The Company reviews the pricing sources and methodologies and based on that review will transfer holdings between levels (if necessary) as of the balance sheet date. (4) The Company determines the fair values of fixed maturity securities, perpetual securities, and privately issued equity securities using the following approaches or techniques: price quotes and valuations from third party pricing vendors (including quoted market prices readily available from public exchange markets) and non-binding price quotes obtained from outside brokers. A third party pricing vendor has developed valuation models to determine fair values of privately issued securities to reflect the impact of the persistent economic environment and the changing regulatory framework. These models are discounted cash flow (DCF) valuation models that include information from related markets, specifically the credit default swap (CDS) market to estimate expected cash flows. These models take into consideration any unique characteristics of the securities and make various adjustments to arrive at an appropriate issuer-specific loss adjusted credit curve. This credit curve is then used with the relevant recovery rates to estimate expected cash flows and modeling of additional features, including illiquidity adjustments, if necessary, to price the bond by discounting those loss adjusted cash flows. In cases where a credit curve cannot be developed from the specific security features, the valuation methodology takes into consideration other market observable inputs, including: 1) the most appropriate comparable bond(s) of the issuer; 2) issuer-specific CDS spreads; 3) bonds or CDS spreads of comparable issuers with similar characteristics such as rating, geography, or sector; or 4) bond indices that are comparative in rating, industry, maturity and region. The pricing data and market quotes we obtain from outside sources, including third party pricing services, are reviewed internally for reasonableness. If a fair value appears unreasonable, we will re-examine the inputs and assess the reasonableness of the pricing data with the vendor. Additionally, the Company may compare the inputs to relevant market indices and other performance measurements. The output of this analysis is presented to the Company's Valuations and Classifications Subcommittee, or VCS. Based on the analysis provided to the VCS, the valuation is confirmed or may be revised if there is evidence of a more appropriate estimate of fair value based on available market data. We have performed verification of the inputs and calculations in any valuation models to confirm that the valuations represent reasonable estimates of fair value. The fixed maturities classified as Level 3 consist of securities for which there are limited or no observable valuation inputs. For Level 3 securities that are investment grade, the Company estimates the fair value of these securities by obtaining nonbinding broker quotes from a limited number of brokers. These brokers base their quotes on a combination of their knowledge of the current pricing environment and market conditions. The Company considers these inputs to be unobservable. For Level 3 investments that are below-investment-grade securities, the Company considers a variety of significant valuation inputs in the valuation process, including forward exchange rates, yen swap rates, dollar swap rate, interest rate volatilities, credit spread data on specific issuers, assumed default and default recovery rates, and certain probability assumptions. In obtaining these valuation inputs, the Company has determined that certain pricing assumptions and data used by the Company s pricing sources are difficult to validate or corroborate by the market and/or appear to be internally developed rather than observed in or corroborated by the market. The use of these unobservable valuation inputs causes more subjectivity in the valuation process for these securities. B. Not applicable Historically, we have not adjusted the quotes or prices we obtain from the pricing services and brokers we use. C. Fair Value of All Financial Instruments Q07.4

NOTES TO FINANCIAL STATEMENTS Type of Financial Instrument Aggregate Fair Value Admitted Assets Level 1 Level 2 Level 3 Not Practicable (Carrying Value) Bonds $ 107,813,809,395 $ 104,194,391,331 $ 43,465,084,662 $ 63,964,608,881 $ 384,115,852 $ - Preferred Stock 4,224,278 4,909,924-4,224,278 - - Common Stock 515,997,258 515,982,433 13,625,086 502,190,761 181,411 - Mortgage Loans - 2,079,311 - - - 2,079,311 Real Estate 196,105,059 246,332,120 - - 196,105,059 - Cash and Short-Term Investments 362,163,211 362,163,211 362,163,211 - - - Contract Loans - 150,984,264 - - - 150,984,264 Derivatives 96,136,504 96,136,504-96,136,504 - - Other Invested Assets 381,750,431 381,795,825-381,750,431-50,000,000 Sec. Lend. Reinv. Collat. Assets 468,436,298 468,421,086-468,436,298 - - D. Not Practicable to Estimate Fair Value Type of Financial Instrument Carrying Value Effective Interest Rate Maturity Date Explanation Mortgage Loans $ 2,079,311 various various No readily available market data to estimate Contract Loans 150,984,264 various various No readily available market data to estimate Other Invested Assets 50,000,000 3.25% 9/1/2017 No readily available market data to estimate (21) Other Items No significant change H. Not applicable J. Not applicable (22) Events Subsequent In April 2014, the Company entered into foreign exchange forwards as an economic hedge on 5.0 billion yen of the profit repatriation expected to be received from Aflac Japan in July 2015. (23) Reinsurance Effective as of January 1, 2014, we entered into a yearly renewable term reinsurance arrangement whereby we cede 25% of the first $25,000 of face amount for simplified issue term life insurance and 50% of the first $25,000 of face amount for guaranteed issue term life insurance. Additionally, we cede any excess face amount over $300,000 of retained life insurance. Reinsurance does not relieve us from our obligations to policyholders. In the event that the reinsurer is unable to meet their obligations, we remain liable for the reinsured claims. (24) Retrospectively Rated Contracts and Contracts Subject to Redetermination No significant change (25) Change in Incurred Losses and Loss Adjustment Expenses Changes in the liability for unpaid policy claims are presented using a constant yen/dollar exchange rate and summarized as follows on a Schedule H basis for the periods ended March 31, 2014 and December 31, 2013: Q07.5

NOTES TO FINANCIAL STATEMENTS March December 2014 2013 Unpaid supplemental health claims - beginning of year $ 3,528,370,806 $ 3,818,256,368 Add claims incurred during the year related to: Current year 2,123,769,737 8,157,838,336 Prior years (211,162,655) (185,657,625) Total incurred 1,912,607,081 7,972,180,711 Less claims paid during the year: On claims incurred during current year 798,151,173 5,860,923,996 On claims incurred during prior years 1,055,275,745 1,919,290,197 Total paid 1,853,426,917 7,780,214,193 Effect of foreign exchange rate changes on unpaid claims 54,275,284 (481,852,080) Unpaid supplemental health claims - end of year 3,641,826,255 3,528,370,806 Unpaid claims for life and other business 178,420,423 177,388,282 Total liability for unpaid policy claims $ 3,820,246,678 $ 3,705,759,088 Amounts shown for prior-year claims incurred during the year primarily result from actual claim settlements at less than the original estimates, which included a provision for adverse deviation. (26) Intercompany Pooling Arrangements No significant change (27) Structured Settlements No significant change (28) Health Care Receivables No significant change (29) Participating Policies No significant change (30) Premium Deficiency Reserves No significant change (31) Reserves for Life Contracts and Annuity Contracts No significant change (32) Analysis of Annuity Actuarial Reserves and Deposit Type Liabilities by Withdrawal Characteristics No significant change (33) Premium and Annuity Consideration Deferred and Uncollected No significant change (34) Separate Accounts No significant change (35) Loss/Claim Adjustment Expenses No significant change Q07.6

GENERAL INTERROGATORIES PART 1 - COMMON INTERROGATORIES - GENERAL 1.1 Did the reporting entity experience any material transactions requiring the filing of Disclosure of Material Transactions with the State of Domicile, as required by the Model Act? Yes [ ] No [ X ] 1.2 If yes, has the report been filed with the domiciliary state? Yes [ ] No [ ] 2.1 Has any change been made during the year of this statement in the charter, by-laws, articles of incorporation, or deed of settlement of the reporting entity? Yes [ ] No [ X ] 2.2 If yes, date of change:... 3.1 Is the reporting entity a member of an Insurance Holding Company System consisting of two or more affiliated persons, one or more of which is an insurer? Yes [ X ] No [ ] If yes, complete Schedule Y, Parts 1 and 1A. 3.2 Have there been any substantial changes in the organizational chart since the prior quarter end? Yes [ ] No [ X ] 3.3 If the response to 3.2 is yes, provide a brief description of those changes. 4.1 Has the reporting entity been a party to a merger or consolidation during the period covered by this statement? Yes [ ] No [ X ] 4.2 If yes, provide name of entity, NAIC Company Code, and state of domicile (use two letter state abbreviation) for any entity that has ceased to exist as a result of the merger or consolidation. 1 2 3 NAIC State of Name of Entity Company Code Domicile 5. If the reporting entity is subject to a management agreement, including third-party administrator(s), managing general agent(s), attorney-in-fact, or similar agreement, have there been any significant changes regarding the terms of the agreement or principals involved? Yes [ ] No [ X ] N/A [ ] If yes, attach an explanation. 6.1 State as of what date the latest financial examination of the reporting entity was made or is being made....12/31/2011... 6.2 State the as of date that the latest financial examination report became available from either the state of domicile or the reporting entity. This date should be the date of the examined balance sheet and not the date the report was completed or released....12/31/2011... 6.3 State as of what date the latest financial examination report became available to other states or the public from either the state of domicile or the reporting entity. This is the release date or completion date of the examination report and not the date of the examination (balance sheet date)....5/31/2013... 6.4 By what department or departments? Nebraska 6.5 Have all financial statement adjustments within the latest financial examination report been accounted for in a subsequent financial statement filed with Departments? Yes [ ] No [ ] N/A [ X ] 6.6 Have all of the recommendations within the latest financial examination report been complied with? Yes [ ] No [ ] N/A [ X ] 7.1 Has this reporting entity had any Certificates of Authority, licenses or registrations (including corporate registration, if applicable) suspended or revoked by any governmental entity during the reporting period? Yes [ ] No [ X ] 7.2 If yes, give full information: 8.1 Is the company a subsidiary of a bank holding company regulated by the Federal Reserve Board? Yes [ ] No [ X ] 8.2 If response to 8.1 is yes, please identify the name of the bank holding company. 8.3 Is the company affiliated with one or more banks, thrifts or securities firms? Yes [ ] No [ X ] 8.4 If the response to 8.3 is yes, please provide below the names and location (city and state of the main office) of any affiliates regulated by a federal regulatory services agency [i.e. the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Securities Exchange Commission (SEC)] and identify the affiliate's primary federal regulator]. 1 2 3 4 5 6 Affiliate Name Location (City, State) FRB OCC FDIC SEC 9.1 Are the senior officers (principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions) of the reporting entity subject to a code of ethics, which includes the following standards? Yes [ X ] No [ ] (a) Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; (b) Full, fair, accurate, timely and understandable disclosure in the periodic reports required to be filed by the reporting entity; (c) Compliance with applicable governmental laws, rules and regulations; (d) The prompt internal reporting of violations to an appropriate person or persons identified in the code; and (e) Accountability for adherence to the code. 9.11 If the response to 9.1 is No, please explain: 9.2 Has the code of ethics for senior managers been amended? Yes [ ] No [ X ] 9.21 If the response to 9.2 is Yes, provide information related to amendment(s). 9.3 Have any provisions of the code of ethics been waived for any of the specified officers? Yes [ ] No [ X ] Q08