Visa processes payments. American Express owns the entire relationship. The network, the bank, the loyalty program — all under one roof. Every Amex transaction generates three revenue streams simultaneously: the merchant fee, the interest on credit, and the annual card fee. The Platinum Card at $695/year is not expensive — it is deliberately exclusive. The exclusivity attracts high spenders. High spenders justify high merchant fees. High merchant fees fund the benefits. The benefits attract more high spenders. The loop never breaks.
53%
Aflac Japan Share of Adjusted Revenues
76%
Aflac Japan Share of Total Assets
12,716
Total Employees
~$2.1B
Compensation & Benefit Expense
~20,000
Japan Post Outlets
~6,300
Aflac Japan Sales Agencies
~5,300
Active U.S. Producing Agents
~90%
Banks with Aflac Japan Agreements
10-K · Feb. 25, 2026