Employee Benefits

We are the sixth ranked provider of medical stop loss coverage in the United States based on in-force premiums.

Our Employee Benefits segment provides group insurance products to mid-size and large corporate employers and professional associations. In addition, our Employee Benefits segment serves the voluntary worksite market by providing individual and payroll-deduction products to employees of our clients. Our Employee Benefits segment is among the largest writers of medical stop loss coverage.

3Q’19 TTM Employee Benefits Normalized Adjusted Operating Earnings before Income Taxes of $186mn1

Pie Chart - Employee Benefits Pre-Tax Operating Earnings

Objective: Improve returns by reducing loss ratios, increasing the in-force premium of Stop Loss and Group Life, and growing in the Voluntary market.

Performance dashboard:

Bar Chart - Employee Benefits Pre-Tax Operating Earnings


1. Note: Pre-tax. Excludes Normalized Adjusted Operating Earnings attributable to Corporate, all unlocking of DAC/VOBA and, prepayment fees and alternative income above/(below) long term expectations. Normalized Adjusted Operating Earnings is a non-GAAP financial measure. Information regarding this non-GAAP financial measure, and a reconciliation to most comparable U.S. GAAP measure, is provided in the “Reconciliations” section of the Quarterly Investor Supplement.

Aggregate Loss

PRODUCTS:

RANKINGS:

  • #6 largest Stop Loss provider1
  • #3 non-integrated third party stop-loss carrier1
  • Top 10 and fast growing Voluntary Provider2

Source:

  1. Per NAIC insurer financial statement filing 2018
  2. Ranked within top 10 in Accidents, Critical Illness, and Hospital Indemnity categories; LIMRA’s U.S. Worksite / Voluntary In Force 2017 Annual Report

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Michael Katz
Senior Vice President, Head of Investor Relations and Enterprise FP&A
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