Bottom-Line Performance Benchmarking for a Life Insurance Peer Group August 2012
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Bottom-Line Performance Benchmarking for a Life Insurance Peer Group Expense Ratio
Expenses (In $ bn) 13.1
5.2
2.8
6.0
3.2
600%
23.7 22.8%
25.1% 54.7%
51.2%
80% 137.9%
200%
77.2%
74.9% 48.8%
120%
400%
55.0% 100.0%
45.3%
160%
138.2%
53.9%
45.0%
24.4%
498.4%
40%
65.1%
48.6%
0% Prudential
Aflac
Ameriprise Genworth Lincoln Financial Financial National Corp
General and Administrative Expenses
0% Prudential
Metlife
Underwriting & Acquisition Cost
Aflac
AmeripriseGenworth Lincoln Financial Financial National Corp
Expense Ratio
Metlife
Average
Note: Underwriting & acquisition expenses contain amortization of DAC as well
Benefit Ratio
Peer Comparison - EBIT (in $ million) 146.8%
300% 197.5%
120%
200% 117.8%
126.6% 100%
160%
116.9%
67.5%
80% 40%
254.2% 0%
0% Prudential
Aflac
Ameriprise Genworth Lincoln Financial Financial National Corp
Benefit Ratio
Average
Metlife
6,000 5,000 4,000 2,811
3,000 2,000
1,000
5,117
4,100
3,253 1,749
849
1,798
0 Prudential
Aflac
EBIT
Ameriprise Genworth Lincoln Financial Financial National Corp
Metlife
Average
Source: Annual Report; Call Transcript; Broker Reports
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