- Jack McGarry, Chief Risk Officer of Unum US, presented at the 2009 AIFA conference in Scottsdale, AZ on March 2, 2009
- He discussed the challenging economic environment and recession, Unum's growth strategy of targeting smaller cases and expanding supplemental benefits, and positive risk results with improving group disability and voluntary benefits benefit ratios
- The outlook projected earned premium growth of 4.4% for Unum US over 2008-2013, driven by accelerated growth in the group core and supplemental segment as large case earned premium flattens
The U.S. economy created 227,000 seasonally adjusted, non-farm jobs in February, according to the latest employment report from the BLS. This is the third consecutive month of net job gains over 200,000. After flirting with a retrenchment in payroll growth this past summer, the U.S. economy has added 201,000 monthly payrolls, on average, since September. The latest metropolitan area employment figures show that the DC region added 13,400 office-using jobs on an annual basis in 2011.
What if the oil prices crashed just as they did in 2008? What if the Peak Oil Theory is flawed? What if gasoline will be much cheaper by 2013? What if this will not mean people will use more oil when it gets cheaper? What if this is THE beginning of the end for oil? You will only find out if you see it.
Life Science Project Management Is Dead A New (Old) Model For The Future – An...Randy Dunson
Session Overview:
Where do you think pharmaceutical project management is heading? Is it shifting away from command and control – if you were ever lucky enough to have achieved that level of influence – or getting more deeply established as a core guarantor of value delivery? What do you think is on the radar for pharmaceutical project management of tomorrow? The old co-led (supposedly), line over project model has failed. The time is past for arcane, power-driven arguments for not adopting practices that have been long established and successful in other high technology R&D sectors. Have you heard people in your organization demand to be shown the ROI on implementing project management? The purpose of this year’s session is to further explore practices that have been long established and successful in other high technology R&D sectors and how they must be adopted by our sector so that we better understand the strategic direction and impacts we face. Project management practices in our industry still vary considerably across sectors, and between (and within) companies. A common paradigm for the industry to follow remains overdue.
The U.S. economy created 227,000 seasonally adjusted, non-farm jobs in February, according to the latest employment report from the BLS. This is the third consecutive month of net job gains over 200,000. After flirting with a retrenchment in payroll growth this past summer, the U.S. economy has added 201,000 monthly payrolls, on average, since September. The latest metropolitan area employment figures show that the DC region added 13,400 office-using jobs on an annual basis in 2011.
What if the oil prices crashed just as they did in 2008? What if the Peak Oil Theory is flawed? What if gasoline will be much cheaper by 2013? What if this will not mean people will use more oil when it gets cheaper? What if this is THE beginning of the end for oil? You will only find out if you see it.
Life Science Project Management Is Dead A New (Old) Model For The Future – An...Randy Dunson
Session Overview:
Where do you think pharmaceutical project management is heading? Is it shifting away from command and control – if you were ever lucky enough to have achieved that level of influence – or getting more deeply established as a core guarantor of value delivery? What do you think is on the radar for pharmaceutical project management of tomorrow? The old co-led (supposedly), line over project model has failed. The time is past for arcane, power-driven arguments for not adopting practices that have been long established and successful in other high technology R&D sectors. Have you heard people in your organization demand to be shown the ROI on implementing project management? The purpose of this year’s session is to further explore practices that have been long established and successful in other high technology R&D sectors and how they must be adopted by our sector so that we better understand the strategic direction and impacts we face. Project management practices in our industry still vary considerably across sectors, and between (and within) companies. A common paradigm for the industry to follow remains overdue.
Recent Developments in Commercialising Solar Thermal Power in AustraliaSmithers Apex
- Australia's solar resource and grid connectivity
- Effect of 20% Renewable Energy target
- Solar Flagships program and long term cost
- Solar thermal developments in the region
Dr Jim Smitham, Deputy Director, Theme Leader, Energy Transformed Flagship, CSIRO, Australia
Being customer-centric is considered critical for near and long-term business success in many markets. How, though, can we best understand customer needs and preferences? How are we defining 'customer' and what perspectives do we look at? This slide ware is intended to support the discussion and help organizations become customer-centric.
Perspectives on the Future of Food Security, Review 1 by Geraldo Martha, EMBRAPA on 11 April 2013 at the Food Security Futures I Conference in Dublin, Ireland.
Recent Developments in Commercialising Solar Thermal Power in AustraliaSmithers Apex
- Australia's solar resource and grid connectivity
- Effect of 20% Renewable Energy target
- Solar Flagships program and long term cost
- Solar thermal developments in the region
Dr Jim Smitham, Deputy Director, Theme Leader, Energy Transformed Flagship, CSIRO, Australia
Being customer-centric is considered critical for near and long-term business success in many markets. How, though, can we best understand customer needs and preferences? How are we defining 'customer' and what perspectives do we look at? This slide ware is intended to support the discussion and help organizations become customer-centric.
Perspectives on the Future of Food Security, Review 1 by Geraldo Martha, EMBRAPA on 11 April 2013 at the Food Security Futures I Conference in Dublin, Ireland.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
2. Safe Harbor Statement
Statements in this presentation that are not historical facts, such as our earnings per share, return on
equity and our Unum US group disability benefit ratio guidance, constitute “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve
risks and uncertainties that could cause actual results to differ materially from those contained in the
forward-looking statements. These risks and uncertainties include such general matters as general
economic or business conditions, particularly the current financial market disruptions and deteriorating
economic conditions; events or consequences relating to terrorism, acts of war and catastrophes,
including natural and man-made disasters; competitive factors, including pricing pressures; legislative,
regulatory, accounting, or tax law changes; and the interest rate environment. More specifically, they
include fluctuations in insurance reserve liabilities; changes in projected new sales and renewals;
variations between projections and actual experience in persistency rates, incidence and recovery
rates, pricing and underwriting; retained risks in our reinsurance operations; availability and cost of
reinsurance; the level and results of litigation, rating agency actions, and regulatory actions and
investigations; negative media attention; changes in assumptions relating to deferred acquisition costs,
value of business acquired or goodwill; the level of pension benefit costs and funding; investment
results, including credit deterioration of investments; the ability of our insurance company subsidiaries
to pay dividends or extend credit to us and certain of our intermediate holding company subsidiaries
and/or finance subsidiaries; and effectiveness of product support and customer service. For further
information of risks and uncertainties that could affect actual results, see our filings with the Securities
and Exchange Commission, including information in the sections titled “Cautionary Statement
Regarding Forward-Looking Statements” and “Risk Factors” in our Annual Report on Form 10-K for the
fiscal year ended December 31, 2008. The forward-looking statements in this presentation are being
made as of the date of this presentation, and we expressly disclaim any obligation to update or revise
any forward-looking statement contained herein.
2
6. Business Environment: Corporate Diversification
More Diversified Earned Premium Base
Colonial
IDI-Closed Block
Colonial 13%
IDI-Closed Block 12%
9%
16%
Unum UK
4%
Other Unum UK
1% 11%
Unum US
Supplemental Other
& Voluntary 0%
13%
Unum US
Large-Case Unum US
Unum US 21% Supplemental
Large-Case & Voluntary
33% 19%
Unum US
Core Market
24% Unum US
Core Market
24%
2002 2008
6
7. Business Environment: Unum US Industry
Diversification
In-force Premium - Group, VWB & GLTC
Other 18.7% Other 18.4%
Cyclical 28.6%
Cyclical 35.3%
Education /
Services 20.6% Education /
Services 24.3%
Finance 7.4%
Finance 8.2%
Healthcare Healthcare
17.1% 21.3%
2002 2008
• Cyclical industries include Manufacturing & Construction, Transportation &
Utilities, Wholesale / Retail
7
8. Economic Environment: Submitted Incidence
Trends by Case Size
Group Long-term Disability: Submitted Incidence Trend by Case Size
Submitted Incidence
`
2002 2003 2004 2005 2006 2007 2008
0-499 500-1,999 2,000+ Total
8
9. Economic Environment: LTD Recessionary Impact
Age Adjusted Submitted Incidence
Cumulative Quarterly change from employment peak
6%
5%
4%
3%
2%
1%
0%
0%
-1%
-2%
-3%
-8 -7 -6 -5 -4 -3 -2 -1 0 1 2 3 4
Avg Sub Inc from 90&01 recessions 07 Sub Inc
Quarter 0 represents quarter of peak employment lives for recessionary period
9
11. Growth Strategy: Employee Benefit Market
Trends - US
Total US Employee Benefits Revenue % by Category
Retirement Retirement
18% 16%
HR
Operations
15%
HR
Operations
10%
Other
Benefits Other
8% Benefits
4%
Health
Health
70%
59%
2016
2006 (Estimates)
Increased propensity to
package “other benefits”
Source: Current Data - LIMRA Feb. 2007 report, “Group Insurance market Potential”. Trend Data – Bain research
11
12. Growth Strategy: Premium Per Life Trends vs.
LTD Industry
Inforce Premium per Life
$
$303
$290
$270
$252
$232 $234
$229 $229
$217 $218
$216
$219 $219 $222
$205
$211 $209
$201
2002 2003 2004 2005 2006 2007
Unum LTD Industry excluding Unum Industry
Source: JHA Disability Market Surveys
12
13. Growth Strategy: Shifting Size
Group Long-term Disability Business Mix
2002 2008
New Sales New Sales
28%
Small 43%
Small
17%
Mid
21%
Mid
55%
Large
36%
Large
13
14. Growth Strategy: Reducing Average Case Size
Group Long-term Disability - Average Case Size
$ in millions
$50,000
$38,469 $39,426 $40,086
$40,000
$30,298 $28,461
$30,000
$26,412
$23,339
$22,833
$20,000
$10,000
2001 2002 2003 2004 2005 2006 2007 2008
* Fully Insured New Sales
14
15. Growth Strategy: Shifting Product Mix
Business Mix – Sales Premium
LTC
LTC 5.8%
6.1% IDI RI
IDI RI 8.2% Group
8.9%
Large
21.0%
VWB Group
8.3% Large
43.1% VB
22.6%
Group Group
Core Core
33.6% 42.4%
2002 2008
* 2002 Data do not include AD&D Sales Premium
15
16. Risk Results
Group Disability Benefit Ratio*
100%
94.6% 94.8%
95% 93.8%
92.7% 92.4%
89.9%
90%
85%
80%
75%
70%
2003 2004 2005 2006 2007 2008
• Benefit ratio continues to reflect improving claims management performance.
• Benefit Operations continues to achieve greater consistency in results and
sustain underlying long term performance assumptions.
* Excludes impact of RSA settlement
16
20. Risk Results
Group Disability, GL and AD&D, Voluntary Benefits Benefit Ratio
90%
87.0%
85.5% 85.6% 85.8%
85%
83.1%
80.1%
80%
75%
70%
2003 2004 2005 2006 2007 2008
20
21. Growth Strategy: Increasing Customer Base
New Sales Case Counts
Unum US Group Disability
10,000
%
8,856
+12
7,901
7,000
4,000
2007 2008
Unum US Group Life
10,000
%
+21
7,914
7,000 6,531
4,000
2007 2008
21
22. Growth Strategy: Voluntary Market
$ in millions
Unum US Voluntary Benefits Sales Growth
$200
$158.6
$150 $138.4
$134.2
$130.2
$114.1
$105.8
$100
$79.1
$50
2002 2003 2004 2005 2006 2007 2008
22
23. 2009 Outlook and Opportunities
Earned Premium Growth – Unum US
2008-2013
5 Yr CAGR
Total Core & Supp Group Large
4.4% Total
8.4%
Core &
Supplemental
- 1.5%
Group Large
2003 2008 2013
Earned premium growth emerges in 2009 as large case earned premium
flattens and growth accelerates in group core and supplemental benefits
segment.
23
25. Non-GAAP Reconciliation
Three Months Ended Twelve Months Ended Twelve Months Ended Twelve Months Ended
June 30, 2007 December 31, 2007 December 31, 2006 December 31, 2005
(in millions) benefit ratio (in millions) benefit ratio (in millions) benefit ratio (in millions) benefit ratio
Unum US Group Disability Ratio
Premium Income $ 609.3 $ 2,381.3 $ 2,483.5 $ 2,527.9
Benefits and Change in Reserves for Future Benefits 641.2 105.2% 2,277.4 95.6% 2,702.5 108.8% 2,397.7 94.8%
Regulatory Reassessment Charge (76.5) (76.5) (349.2) (27.3)
Benefits and Change in Reserves for Future Benefits,
Excluding Regulatory Reassessment Charge 564.7 92.7% 2,200.9 92.4% 2,353.3 94.8% 2,370.4 93.8%
Twelve Months Ended Twelve Months Ended
December 31, 2004 December 31, 2003
(in millions) benefit ratio (in millions) benefit ratio
Unum US Group Disability Ratio
Premium Income $ 2,644.7 $ 2,662.6
Benefits and Change in Reserves for Future Benefits 2,533.1 95.8% 3,412.1 128.1%
Regulatory Reassessment Charge (80.2) (894.0)
Benefits and Change in Reserves for Future Benefits,
Excluding Regulatory Reassessment Charge 2,452.9 92.7% 2,518.1 94.6%
25