- With respect to the buyback agreement, Aflac has paid Goldman Sachs $825M to buy a variable number of shares throughout the term of the agreement. Goldman Sachs will deliver shares to Aflac in December 2008 and January 2009, with final settlement occurring upon termination of the agreement in February 2009.
- Aflac is acquiring these shares as a part of previously announced share repurchase authorizations by its board of directors. Aflac had 43.1 million shares available for purchase as of today's announcement.
- The company's 2008 and 2009 guidance excludes the impact of FX

Other headlines for [AFL]

• AFL 11/25/2008 05:02pm
  AFLAC Inc Filing an automatic shelf registration for 6M shares related to direct stock purchase and reinvestment plan (1.3% of shares outstanding)
  
• 11/21/2008 08:16am
  Merrill making cautious comments on life insurance names, cutting price targets- LNC price target cut to $13 from $36 - PNX price target cut to $2 from $5 - PRU price target cut to $52 from $86 - more...
  
• AFL 11/16/2008 06:38pm
  AFLAC Inc CEO says he will forego the $26M "golden parachute" - WSJ- "It's the right thing for us, and I think it tells the shareholders that I'm interested in doing the right thing," Amos said. "Credibility more...
  
• AFL 11/14/2008 10:00am
  AFLAC Inc CEO: Seeing waning interest in certain AIG units - conf call- Remarks that Liquidity is more important that acquisitions at this time.
  
• AFL 10/24/2008 09:12am
  AFLAC Inc Business not subject to 'a run on the bank'
  

Financials sector headlines

• HBC Today 10:29am
  HSBC Holdings PLC Not aware of probe of offshore private banking unit; says in compliance with the law- States that it has not been contacted by an US authorities - Note: The DoJ has expanded its criminal probe into more...
  
• BP.IT Today 09:49am
  Banco Populare Scarl States that recent share preformance does not reflect true value; Maintains that group is solid- Selloff due to Italease cancellation and is only speculative in nature - Note: earlier in session more...
  
• Today 09:28am
  (GE) German Fin Min Steinbrueck: Concept of joint European bond issue is unacceptable- Expects to see new drraft on state aide by Dec 8 - Commerzbank example will motivate other German banks to more...
  
• FORB.BE Today 09:24am
  Shareholders in Brussels votes against Davignon appointment as Board Chariman, received 49.9% of vote- Shareholders vote for De Boeck as CEO (current CEO with 67.27% of vote) - Current board will more...
  
• GS Today 09:21am
  The Goldman Sachs Group Inc UBS analysts see firm experiencing greater mark-to-market losses, could amount to $4B