Columbus-based Aflac Insurance and Synovus Financial Services are both reeling from the nationwide economic crisis.
Just-released third-quarter statements by both firms showed massive losses in investments and income from the same period last year.
Synovus's net income nosedived 85-percent to $66 million dollars over loan losses and defaulted mortgages.
Similarly, Aflac's net income tumbled 76-percent to $100 million dollars.
The insurer had close to 400 million dollars in shares in Lehman Brothers, Washington Mutual and Ford Motor Company, among others.
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