Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Aflac (AFL -0.6%) generated 75% of its business in Japan last year, and surely has exposure to...

  • Friday, March 11, 2011, 1:53 PM ET
    Aflac (AFL -0.6%) generated 75% of its business in Japan last year, and surely has exposure to today’s disaster, but any potential pain is likely small due to the nature of its policies, Mizuho Securities says. Aflac "has very little exposure to property and casualty insurance, and it is not even clear whether earthquakes and tsunamis would be covered in many plans."
Track new comments on this story

This news story has 2 comments:

  • Aflac primarily sells accident and health annuities, truly not "insurance" in the form we think when we hear the word.

    So, if their policies exclude acts of God and War, I bet their exposure IS teeny-tiny on payouts.

    However, last I heard unemployed workers, or heaven-forbid, casualties, don't buy many annuities. I could be wrong.
    11 Mar 2011, 01:59 PM Reply Like
  • They'll send you a duck with Gilbert Gottfried's voice saying "Ah-phluck!"

    I remember getting the hard sell from one of their agents back in the day; the more I asked for details about what was covered and exclusions in front of my co-workers the more ruffled his feathers got (pun intended).

    I had a strong impression it was a good money stream - for AFLAC.
    11 Mar 2011, 02:49 PM Reply Like
Other date
DJIA (DIA) S&P 500 (SPY)