Aflac (AFL +5.1%) dumps all its $270M in Greek sovereign debt at a loss to reduce the risk of...

|About: Aflac Incorporated (AFL)|By:, SA News Editor

Aflac (AFL +5.1%) dumps all its $270M in Greek sovereign debt at a loss to reduce the risk of further writedowns, lowering Q2 earnings by $67M. Aflac also lowers its exposure to hybrid debt by $725M through two transactions expected to add about $80M to earnings. (PR)