Bottom-Line Performance Benchmarking for a Life Insurance Peer Group

Page 1

Bottom-Line Performance Benchmarking for a Life Insurance Peer Group August 2012

Disclaimer This document is the proprietary and exclusive property of Sutherland Global Services except as otherwise indicated. No part of this document, in whole or in part, may be reproduced, stored, transmitted, or used for design purposes without the prior written permission of Sutherland Global Services. The information contained in this document is subject to change without notice. The information in this document is for information purposes only. Sutherland Global Services® disclaims all warranties, express or limited, including, but not limited, to the implied warranties of merchantability and fitness for a particular purpose, except as provided for in a separate software license agreement. All confidential or proprietary information contained in Sutherland’s response shall at all times be and remain the sole and exclusive property of Sutherland Global Services, Inc.

©©2011 GlobalServices Services Inc., rights reserved. Privileged and confidential information of Sutherland Global 2010Sutherland Sutherland Global Inc., All All rights reserved. Privileged and confidential information of Sutherland Global Services Inc. Services Inc.

www.sutherlandglobal.com


Disclaimer

THE SAMPLE CONTAINS EXCERPTS FROM A STUDY CONDUCTED BY SUTHERLAND GLOBAL SERVICES FOR ITS CLIENT. THE SAMPLE MAY NOT CONTAIN ALL THE PAGES OF THE ORIGINAL DOCUMENT THIS SAMPLE HAS BEEN PREPARED BY SUTHERLAND GLOBAL SERVICES INC. OR ITS ASSOCIATES OR AFFILIATES (“SUTHERLAND GLOBAL SERVICES”) EXCLUSIVELY AS AN ILLUSTRATIVE SAMPLE ONLY AND IS SENT TO AUTHORISED RECIPIENTS SOLELY FOR THE PURPOSE OF EVALUATING SUTHERLAND GLOBAL SERVICES’S SUPPORT SERVICE CAPABILITIES. THIS SAMPLE SHOULD NOT BE CONSIDERED AS AN OFFER TO SELL, A SOLICITATION TO BUY, OR AN ENDORSEMENT OR RECOMMENDATION OF ANY COMPANY. SUTHERLAND GLOBAL SERVICES DOES NOT GUARANTY THE ACCURACY, COMPLETENESS OR OTHER CHARACTERISTICS OF THE DATA / INFORMATION OF THE REPORT.

This Sample may not be reproduced or distributed (in whole or in part) to any third party without the express prior permission of Sutherland Global Services. Sutherland Global Services may also have (or have had) arrangements with entities whereby Sutherland Global Services receives or is in receipt of information relating to the subject matter of this Sample that is confidential or proprietary to a third party, and thus may not be utilized. Accordingly, Sutherland Global Services may be in receipt of relevant information that is not reflected in this Sample.

© 2011 Sutherland Global Services Inc., All rights reserved. Privileged and confidential information of Sutherland Global Services Inc.

www.sutherlandglobal.com 29 January 2013

2


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

Š 2011 Sutherland Global Services Inc., All rights reserved. Privileged and confidential information of Sutherland Global Services Inc.

www.sutherlandglobal.com 29 January 2013

3


Thank You

Š 2011 Sutherland Global Services Inc., All rights reserved. Privileged and confidential information of Sutherland Global Services Inc.

www.sutherlandglobal.com 29 January 2013

4


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.