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Sales Report Puts Dent in AFLAC Shares.

Knight Ridder/Tribune Business News

| April 25, 2003 | COPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By Ernest Holsendolph, The Atlanta Journal-Constitution Knight Ridder/Tribune Business News

Apr. 25--AFLAC is scrambling to remedy its domestic sales plan after a pummeling Thursday from investors not used to troubling news from the Columbus-based insurer.

The turn of events comes a day after the company -- known for its quacking duck -- released a generally upbeat earnings report. Investors focused on disappointing U.S. premium sales and the company's lowering of those sales expectations.

Merrill Lynch issued a "sell" recommendation on the stock, which fell to as low as $28 Thursday. It closed at $30.93, down 11 percent, or $4.02.

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