AFLAC INC

Ticker: AFL CUSIP: 001055102 Class: COM

CAPITAL MANAGEMENT ASSOCIATES /NY/'s Holding History (CIK: 0000825293)

Note: Option positions (PUT/CALL) are excluded.

Q4 2017

Shares 2,300 Value ($000) $202 Avg Close $35.30 Range $33.57 - $37.23

Q1 2016

Shares 8,700 Value ($000) $549 Avg Close $23.58 Range $21.57 - $25.62

Q4 2015

Shares 8,765 Value ($000) $525 Avg Close $24.53 Range $22.30 - $26.30

Q3 2015

Shares 8,900 Value ($000) $517 Avg Close $23.69 Range $20.19 - $25.39

Q2 2015

Shares 7,400 Value ($000) $460 Avg Close $24.64 Range $23.94 - $25.40

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	2,300	$202	$35.30	$33.57 - $37.23
Q1 2016	8,700	$549	$23.58	$21.57 - $25.62
Q4 2015	8,765	$525	$24.53	$22.30 - $26.30
Q3 2015	8,900	$517	$23.69	$20.19 - $25.39
Q2 2015	7,400	$460	$24.64	$23.94 - $25.40