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Aflac invests $20M in Singapore Life

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Aflac invests $20M in Singapore Life

Aflac Inc. has made a $20 million minority equity investment in Singapore-based life insurance company, Singapore Life Pte. Ltd.

Concurrently, Aflac announced that its operating subsidiary, American Family Life Assurance Co. of Columbus, plans to enter into a reinsurance agreement on certain protection products with Singapore Life.