Aflac Incorporated acquired Empowered Benefits (rebranded "Empowered").
Aflac acquired Empowered Benefits in 2015, a Charlotte, North Carolina technology company providing cloud-based benefits administration and enrollment/exchange platform solutions for carriers, brokers and employers. Aflac uses the platform to power its Everwell benefits program. The acquisition is one of the four Aflac U.S. business combinations Aflac cites as the source of its goodwill balance in the segment.
The deal added enrollment and benefits-administration technology to the Aflac U.S. group-benefits platform, supporting broker and employer distribution and Aflac's digital enrollment offering (Everwell).
Advisory firms were not disclosed for this transaction.