Bloomberg News

Aflac Plans Further Cuts to Europe Financial-Firm Investments

February 01, 2012

Feb. 1 (Bloomberg) -- Aflac Inc., the world’s largest supplemental health insurer, said it will continue to cut its investments in European financial firms.

“Clearly the financials represent the greatest challenge with respect to the situation in Europe,” Chief Investment Officer Eric Kirsch said today in a conference call with analysts. “I felt it was necessary to have a strategy to continue to reduce these exposures.”

--Editor: Dan Kraut

To contact the reporter on this story: Andrew Frye in New York at afrye@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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