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High health plan costs may boost Aflac: CEO

The current health insurance environment may lead people to supplemental policies offered by companies such as Aflac, its CEO, Daniel Amos, said Friday.

"We believe, ultimately, it will enhance our business," he said on CNBC's "Closing Bell."

Todd Evans, animal handler with Dawn Animal Agency, holds the Aflac Duck on the floor of the New York Stock Exchange in New York.
Daniel Acker | Bloomberg | Getty Images
Todd Evans, animal handler with Dawn Animal Agency, holds the Aflac Duck on the floor of the New York Stock Exchange in New York.

Some recent concern has surrounded the cost of deductibles on government-run exchanges under the Affordable Care Act. Aflac, the largest supplemental insurance provider, could stand to benefit in that environment, Amos said.

Aflac — which gets more than 70 percent of its sales from Japan — has endured recent sales sluggishness. The company said total revenue fell 12 percent in the third quarter, reflecting a stronger U.S. dollar relative to the yen.

Amos noted that the yen exchange rate has been a "headache." However, he said some newer developments — like the ability to pay most claims electronically in one day — may help to cancel out negative effects.

Aflac shares have climbed nearly 4 percent this year.