39 billion, a company spokeswoman said


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canadian goose jacket BANGALORE/NEW YORK, June cheap Canada Goose 23 (Reuters) Disability insurer Aflac canada goose outlet Inc, which has a $6.3 billion exposure Canada Goose Outlet to European canada goose uk outlet long term debt, said it would book pretax losses of $610 million in the second quarter from the sale of some of its souring European investments. canadian goose jacket

cheap Canada Goose Coming at a time when governments are aggressively pressing banks and Canada Goose Coats On Sale insurance canada goose clearance companies to take part canada goose store in a canada goose rollover of Greek debt as canada goose black friday sale part of a second canada goose clearance sale rescue for the country, canada goose coats Aflac warning is bound to draw attention in Europe. cheap Canada Goose

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Canada Goose Outlet Aflac will be cutting its exposure to crisis ridden countries such as Portugal, Greece, and Spain over the course of this canada goose uk black friday year; which stood at about $4.46 billion at the end of December. Canada Goose Outlet

canada goose coats on sale the $77 million investments in Allied Irish Banks that the company sold, Aflac PIIGS exposure as of March is around $4.39 billion, a company spokeswoman said. canada goose coats on sale

Canada Goose Parka Aflac said on Thursday it will complete its de risking activity by the end of the year. Canada Goose Parka

Canada Goose Jackets May buy canada goose jacket cheap they Canada Goose sale said they will see $1.5 $2 billion in realized losses a 30 percent write down on an average for these riskier securities. They have been more aggressive on offloading risk, but they Canada Goose online it will most probably spill into 2012, https://www.forcanadagoose.ru S analyst Bret Howlett said. Canada Goose Jackets

buy canada goose jacket cheap Of the total second quarter investment loss, nearly $445 million stems from Aflac investments in Portuguese banks, while the rest $165 million is booked from the company investments in banks and financial institutions in Greece and Ireland. buy canada goose jacket cheap

Canada Goose online In the first quarter, Aflac recorded losses of $376 million a majority of which it incurred after it sold investments in Greek financial institutions. Canada Goose online

canada goose store pace at which they uk canada goose are de risking has been uneven, Sandler O analyst Edward Shields said. canada goose store

canada goose The losses are nearly equal to a full quarter of operating profit for the company, which is based in the United States but does the canada goose uk shop vast majority of its business for supplemental disability insurance in Japan. buy canada goose jacket In May, Aflac said it wanted to reduce risk in its investment portfolio, and some of the canada goose coats on sale losses it announced Thursday had previously been disclosed. The losses associated with cutting risk in the portfolio are expected to cut growth in the short term, though analysts believe it will leave the company with a stronger balance sheet over time. Some uk canada goose outlet analysts have also Canada Goose Jackets said that investors who avoided Aflac because of its risky exposures would move into the stock as the portfolio gets reduced. canada goose

canada goose coats Aflac shares were trading down 1.4 percent at $44.75 in afternoon trading on Thursday on the New York Stock Canada Goose Online Exchange. (Reporting by Rachel Chitra in Bangalore Ben Berkowitz in New York; Editing by Prem Udayabhanu and Gopakumar Warrier) canada goose coats.

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