Introduction to Oracle Hyperion Financial Close Suite

1. Company Overview
• TransRe is a subsidiary of Alleghany Corporation (NYSE: Y), an owner of subsidiaries and investments anchored by core
holdings in property and casualty reinsurance and insurance.
• Transatlantic Reinsurance Company (“TransRe”) is Global Reinsurer headquartered in New York
• 4 US Corporations and worldwide operations with key offices in Asia, Australia, Canada, Europe, South America, &
Middle East;
• Operate a branch and legal entity structure for reporting needs.
• Insure direct writer insurance companies as well as other reinsurers in two major product lines:
• Property which includes fire, auto physical damage, and homeowner’s multi peril i.e. property catastrophe risks.;
• Casualty & Other Liability including D&O, errors and omissions, and general liability, medical malpractice, ocean
marine and aviation, auto liability A&H, surety and credit.
• Key financial highlights 2015
• Total Assets $15.2 Billion
• Stockholder’s Equity $ 5.2 Billion
• Net Premium Written $ 3.4 Billion
• Underwriting profit $327.0 Million
• Total employees worldwide 627
TransRe – Overview

2. TransRe – Business Challenges
• Reporting deadlines
• US GAAP & US Statutory
• Reliance on manual data entry, manual interfaces & Excel
• Multi-functional currency environment
• Lack of standardization
• Reporting packages, review & deadlines
• Automation
• Multiple versions of the truth

3. Integrated Approach
• One source
• Self administered
• Automation
• Leverage existing knowledge
TransRe – Approach
Non-Integrated Approach
• Multiple tools require multiple support organizations
• Numerous integration points
• Application to application reconciliations
• Not cost efficient
vs
Applications
• HFM
• HTP
• ARM
• FCM
• Essbase

4. TransRe – Current Environment
Manual entries
Cash processing
PAM - Investments
TIRS - Reinsurance
Manual
Processes
SUN GL
FDM / Flat Files
Elimination Entries
Hyperion Tax
Provision
Hyperion Financial
Management
Account
Reconciliation
Manager
• Alleghany reporting
package
• External reporting
Reporting deadlines:
• President’s Letter – 7 days from quarter end
• US GAAP to Alleghany - 18 days from quarter end
• Audit & Finance Committee – 14 days from quarter end
• US Statutory – 45 days from quarter end & 60 from year end
Essbase

5. • Small, phased approach
• One change at a time
• Organizational readiness
• From US to global rollout
• Define & confirm requirements
• Leverage the knowledge of the implementation partner
• Ensure goals are understood
TransRe – Implementation methodology

6. TransRe – Business Benefits
Reinforced Metadata
Governance
Alignment
Reporting consistency
Finance Process
Improvements
Ownership
Eliminates redundant, manual
worksheets
Ability to achieve efficiencies
IT Process
Improvements
Improved audit controls
Reduces IT projects
Dynamic reporting
Reduced waiting
Analytics, less “doing”
Reporting
Enhancements

7. • Application enhancements
• Adjustments to HTP for automation & reporting
• Global rollout for US GAAP
– Miami & Canada
• Identification of local needs
– Reporting
• IFRS
• OSFI
• Solvency II
– Local provisions
– Local currency reporting needs
7
TransRe – Next Steps

8. TransRe – Features Leveraged
• HFM
• Tiered Entity translation
• Multiple exchange rates
• HTP
• Customizable forms & reports
• Tax Automation flexibility
• ARM
• Multi-currency support
• Reconciliation types
• Reconciliations for multiple sources
• Custom attributes
• FDMEE
• Support for HFM/HTP, ARM, and Essbase

9. TransRe – HFM Features
• Entity translation
• Entities are remeasured to functional currency in G/L for certain
combinations
• Entities are loaded in multiple functional currencies to HFM and then
translated to reporting currency (USD)

10. TransRe – HFM & HTP Features
• HFM - Multiple exchange rates
• Rates are different for investment accounts
• Custom translation rules use investment rates as an override; the other
accounts use the default rates
• HTP - Customizable forms & reports
• OOB FR reports tailored to produce full reporting package
• Forms tailored to TransRe usage to simplify presentation
• HTP - Tax Automation
• Automate as much as possible from account detail
• Leverage accumulate mode to layer multiple components instead of custom
rules

11. TransRe – ARM Features
• Multicurrency
• Able to track and reconcile transactional data by currency
(subledgers/3rd party to ledger)
• Able to track and reconcile functional data by currency (ledger to HFM)
• Custom attributes
• Used to classify and filter reconciliations
• Multiple reconciliations for same Account / Entity pairs
• Used 2 character abbreviation as part of Account Key to delineate
reconciliations

12. TransRe – ARM Features
• Types of reconciliations
• Bank accounts (Transactional)
• Balance comparison from third party to ledger
• Investments (Transactional / Functional)
• Activity (rollforward) from third party custodian
• Balance comparison from third party to ledger
• Balance comparison from ledger to HFM
• Underwriting (Functional)
• Balance comparison from ledger to HFM
• Other Balance Sheet (Functional)
• Balance comparison from ledger to HFM
• Account analysis of payroll accounts from ledger to be added in future

13. TransRe – FDMEE Features
• HFM/HTP
• G/L
• ARM
• Bank data (3rd party)
• Investment data (3rd party)
• Underwriting data (subledger)
• G/L data – Transactional and Functional
• HFM data
• Leveraged Logic Groups to load once to populate multiple reconciliation types
• Essbase for underwriting and investment cubes

14. Q&A