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Alfac to announce Columbia expansion plans

Sep 10, 2010 12:09:00 PM - thestate.com
Insurer Aflac Group will announce expansion plans in Columbia on Monday at an event attended by Gov. Mark Sanford and Mayor Steve Benjamin.

Aflac bought Columbia-based Continental American Insurance in a $100 million deal in October. It marked the time in its 54-year history that Aflac — the supplemental insurance seller known for its duck commercials — has acquired another insurance company.

Continental boss Chris Goodall, who continues to run the Columbia company started by his father in 1980, said in October that he expected rapid staffing growth. He said at the time were no imminent plans to move from Continental’s two offices on Devine Street or change the company’s name.

Continental American employed more than 160 when it was bought and had annual revenues of $79 million. Aflac employs more than 8,000 with more than $15 billion in annual revenue.

Aflac is the largest competitor to Colonial Life, one of Columbia ’s largest private employers.

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