SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 28, 2010
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
|1932 Wynnton Road, Columbus, Georgia||31999|
|(Address of principal executive offices)||(Zip Code)|
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
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Item 8.01 Other Events.
Aflac Incorporated announced today that it has sold its holdings of Greek sovereign debt and reduced its investment exposure to perpetual, or so-called hybrid, securities through two separate transactions.
The company sold its entire holdings of Greek sovereign debt, which totaled $270 million of par value at March 31, 2010.
The company exchanged a perpetual, Upper Tier II security of a European issuer for a higher-rated, fixed maturity, senior debt instrument. In addition, the company further reduced its perpetual Upper Tier II holdings through a privately negotiated transaction with another European issuer. These two transactions lowered the companys exposure to perpetual securities by $725 million of par value, or 8.4% of total perpetual securities at March 31, 2010.
A copy of the press release issued by Aflac Incorporated is furnished herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
99.1 - Press release of Aflac Incorporated dated June 28, 2010
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|June 28, 2010|
(Ralph A. Rogers, Jr.)
Senior Vice President, Financial Services
Chief Accounting Officer
|99.1||- Press release of Aflac Incorporated dated June 28, 2010|