1. RUSSELL D. WILLARD
704 Falcon Ridge Lane La Grange KY 40031
Home: (502) 222-5155 Cell: (502) 614-0204 Business: (502) 580-2045
SUMMARY
A perceptive, quick-thinking professional who succeeds through actively listening to others. Strong communication skills both
with the spoken and written word. Excellent management, organizational and team-building skills. Experience with life and
health insurance company pricing, valuation and product management.
PROFESSIONAL EXPERIENCE
HUMANA, INC, Louisville, Kentucky 1998-Present
Actuarial Director, Corporate Actuarial Operations
• Experienced with Reinsurance reporting, contract review and negotiations; Coordination with Industry Groups – HCCI, S&P.
• Currently managing P&L and regulatory support of reinsured businesses in health and life products – 25,000 members.
• Experienced with pricing and experience analysis of individual, small and large group commercial HMO and PPO products,
and Medicare Supplement, supporting up to eight regional marketing offices, e.g., Florida, Georgia, Illinois and Wisconsin.
• Produced health pricing model – EPO, FFS, HMO, POS and PPO benefits.
• Produced regulatory filings and certifications; commercial health insurance product rate filings, including FL and NY.
• Testified at public hearings in FL, in 2000 and 2012.
• Managed monthly Life and Health product valuations totaling $2 billion.
• Experienced with the following products: Medicare Supplement, MA – HMO, Local and Regional PPO, PFFS, and Part D.
Commercial -- FFS, HMO, Individual Major Medical, Indemnity, PPO, Stop Loss, Term Life Insurance.
• Experienced with Statutory, GAAP and Tax valuations.
• Facilitated Annual and Quarterly statement preparation for five Life and A&H companies and seven health companies.
• Facilitated preparation of reserve and liability exhibits, schedules and interrogatories -- Blue and Orange blanks.
• Facilitated compliance with 2001 AOMR requirements -- Actuarial Opinions, RAAIS’s and Memoranda preparation.
• Experienced with external auditors and Department of Insurance audits; large firm consulting staffs and small shops.
• Designed and implemented GAAP accounting models for Individual Health and Life products – $230 million in liabilities.
• Experienced with Merger and Acquisition Support; managing multiple acquired blocks of A&H and life business lines.
• Managed successful migration of A&H and Life products from company platforms to vendor platforms.
• Developed and managed departmental budgets.
• Supervised up to six actuarial staff associates at one time located in FL, KY and WI.
BECKLEY & ASSOCIATES -- Carmel, IN 1994-1998
Consulting Actuary
• Prepared product rate filings – Medicare HMO, Medicare Supplement, HMO, Pre-need, UL, Term Life, LTC rider.
• Prepared Life and A&H Company -- Annual and Quarterly valuations for multiple client companies.
• Participated in statutory reserve audits of multiple Life and A&H companies on behalf of client state insurance departments.
• Completed Asset Adequacy testing, ALM cash flow studies and Actuarial Memoranda for client companies;
• Prepared small group health insurance underwriting model for HIPC proposal;
• Priced various Life Insurance products – Universal Life, Ordinary Whole Life, Burial Insurance, Term Insurance;
• Reviewed Health Insurance and Credit Insurance policy forms and rate filings on behalf of the State of IN;
• Experienced with Assumption and Ceded Reinsurance contracts;
• Planned and presented at a Medicare HMO Seminar presentation to two IN hospitals
• Prepared policy illustrations and assisted clients with NAIC Model Life Insurance Policy Illustration Regulation;
• Worked off site assignments for Conseco, Inc. and Indiana Farm Bureau, supporting life products.
Conseco, Inc. -- Carmel, IN 1993-1994
Actuary
• Valuation Actuary for Jefferson National Life, a subsidiary of Conseco, with less than $1 billion in liabilities.
• Pricing support for multiple life and annuity products.
• Managed five direct reports.
• Facilitated and managed Quarterly valuations: Statutory, GAAP and Tax, including Purchase GAAP.
PAGE 1 OF 3

2. RUSSELL D. WILLARD
704 Falcon Ridge Lane La Grange KY 40031
Home: (502) 222-5155 Cell: (502) 614-0204 Business: (502) 580-2045
• Reported Purchase GAAP Recoverability, FAS97 Unlocking, and Cash Flow Liability models using TAS.
• Experienced with annuities, traditional life and universal life products and health products.
PAGE 2 OF 3

3. RUSSELL D. WILLARD
704 Falcon Ridge Lane La Grange KY 40031
Home: (502) 222-5155 Cell: (502) 614-0204 Business: (502) 580-2045
AMEX Life Assurance Company – San Rafael, CA 1984-1993
Actuarial Consultant – Prepared company product reserve and liability records for company assumption. 1992 - 1993
Director and Assistant Actuary 1984 - 1992
• Managed statutory and GAAP valuation reporting for three legal entities;
• Priced life insurance, hospital indemnity, AD&D and specialty products.
• Prepared accurate AIDS forecasts for company direct response term life insurance block based on population models;
• Managed company reinsurance contracts, including Lloyds of London stop loss contracts and multiple life contracts;
• Designed and implemented the company’s first automated valuation spread sheet reporting system;
• Implemented 1984 DEFRA revisions to tax company tax reserves;
• Experienced with Ordinary Life Insurance, Universal Life, Direct Response marketed Air Flight and Common Carrier, AD,
HI and Term Life Insurance products.
Security Life of Denver – Denver, CO 1982-1984
Actuarial Analyst –
• Prepared company statutory valuations.
• Managed Fortran based life insurance model of all company products – Reinsurance, UL, ISWL, Term Life.
California Western States Life Insurance Company – Sacramento, CA 1981-1982
Mathematician – Entry level actuarial student - Prepared company statutory valuations.
EDUCATION
Fellow of the Society of Actuaries June, 2009
Member of the American Academy of Actuaries 1988
Bachelor of Arts in Applied Mathematics June, 1981
Southern Oregon State College -- Ashland, OR
Magna Cum Laude
PROFESSIONAL EXPERIENCE
Meeting Presentations: VAS (2006); SOA (June 2007); Tri-State Actuarial Club (2007, 2012 and 2014); SOA (May 2008 –
Session #23); SOA Health Valuation Boot Camp (3 hrs - August 2008), (6 hrs - August 2009); SEAC (June 2009, June 2010,
November 2011)
Industry Involvement: AAA (Financial Reporting Committee; Health Practice Financial Reporting Committee; IFRS task
Force; HCRRISKSHR subgroup; Health Contract Reserves, Medicare Part D, Small Group Certification Accounting
and Large Group Practice Note Subgroups)
SKILLS
Computer Systems – Windows XP, IAS Total Life, MG-ALFA
Computer Languages – Microsoft Office, Visual Basic, SAS, FORTRAN
OTHER INTERESTS
Membership in The Church of Jesus Christ of Latter-Day Saints -- Sunday School Teacher, Temple Assistant Recorder,
Priesthood leader. Hobbies Include Genealogy, Music, Walking and Reading.
PAGE 3 OF 3