Aflac Reports Laptop Detailing 152,000 Clients Stolen

Aflac Reports Laptop Detailing 152,000 Clients Stolen
Aflac Reports Laptop Detailing 152,000 Clients Stolen 601101&sid=afw8zxz12Koo 

By Hugh Son
July 26, 2007

(Bloomberg) -- Aflac Inc., the world's largest seller of supplemental 
health insurance, said a laptop containing information on 152,000 
customers in Japan was stolen from an employee of an insurance agency 

The laptop contained the clients' names, addresses, birth dates, and 
policy details, according to Laura Kane, a spokeswoman at Aflac's 
headquarters in Columbus, Georgia. It was used by a worker of 
Tokyo-based Tsusan Company and stolen on a commuter train July 17. Aflac 
wanted to send letters apologizing to policyholders before alerting the 
press, she said.

``All the information was encrypted and password-protected, so it would 
be very difficult for any third-party to access it,'' Kane said today. 
``Obviously we've reported this to the police and they are making every 
effort to find the missing laptop.''

Aflac, which gets three-quarters of its revenue from Japan, insures 
about a quarter of the population there and has more than 40 million 
customers around the world.

The shares of Aflac had the biggest decline in the Standard & Poor's 500 
Insurance Index today after being the biggest gainer yesterday, when it 
rose on better-than-expected second-quarter sales in Japan. The stock 
dropped $2.87, or 5.1 percent, to $53.32 in New York Stock Exchange 
composite trading.

Steven Schwartz, an analyst at Chicago-based Raymond James & Associates, 
lowered his stock rating to ``market perform'' from ``outperform,'' 
saying yesterday's 8.3 percent increase brought it closer to his 
12-month target of $57.

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