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Aflac (AFL -0.6%) generated 75% of its business in Japan last year, and surely has exposure to...
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Friday, March 11, 2011, 1:53 PM ETAflac (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."
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This news story has 2 comments:
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.
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.