Amendment to Aflac Employment Agreement with Eric M. Kirsch, dated November 30, 2017

THIS FIRST AMENDMENT, made and entered into as of the 30^th day of November, 2017, by and between AMERICAN FAMILY LIFE ASSURANCE COMPANY OF COLUMBUS (Aflac), a Nebraska corporation (hereinafter referred to as “Corporation”); AFLAC INCORPORATED, a Georgia corporation (hereinafter referred to as “Parent”); and ERIC M. KIRSCH (hereinafter referred to as “Employee”);

WHEREAS, Employee and Corporation entered into an Amended and Restated Employment Agreement, dated December 1, 2015, and effective January 1, 2016 (the “Employment Agreement”);

WHEREAS, under the Employment Agreement, Employee serves as an employee and Executive Vice President, Global Chief Investment Officer of Corporation, with the duties to provide services in said capacity to Corporation, its subsidiaries and affiliates;

WHEREAS, as part of a reorganization of the asset management business of Corporation, Corporation and Parent desire that, as of January 1, 2018 (the “Effective Date”), (i) Employee’s employment be transferred from Corporation to Parent; (ii) the Employment Agreement be transferred by Corporation to Parent, such that Parent shall be substituted as the employer and corporate party under the Employment Agreement; and (iii) Employee shall become Executive Vice President, Global Chief Investment Officer of Parent;

WHEREAS, the Compensation Committee of the Board of Directors of Parent has approved said transfer and all said changes; and

WHEREAS, Employee desires that his employment be so transferred;

NOW, THEREFORE, the parties, for and in consideration of the mutual covenants and agreements hereinafter contained, do contract and agree as follows, to-wit: