Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 In this session the panelists discussed the issues related to the actuarial aspects associated with the demutualization process. The issues discussed included: • Developing historical and prospective assumptions • Aligning the models used in the company’s philosophy regarding dividend determination and pricing • Creating experience assumptions when less-than-perfect data exist • Determining who gets what • Complying with actuarial and accounting standards

Description: Charts 1-5 to be attached to the 2000 Valuation Actuary session on demutualization issues.

Description: From a session at a meeting of the Society of Actuaries held in San Diego, CA, June 22-23, 2000 The panel discusses: 1 Financial modeling tools used by the actuarial profession, 2 Pricing techniques used by Wall Street financial analysts, 3 Advantages and disadvantages of each approach 4 Market implications of each approach, and 5 Potential for harmonization of the two techniques.

Description: Responds to questions received during the webcast with regards to modeling long term medical trends for valuation purposes. Questions cover testing the model against publicly traded companies, the calculation of growth rate in the model, the income multiplier as the population ages, model relevance to Canada, factoring in of extra disease burdens, exclusion of aging in the model, and the effect of the globalization of health care.