Our Company

Seattle–Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce the recipients of this year’s Opportunity Scholarship program. This scholarship program, now in its third year, was created to assist students from ethnic groups and races that are under-represented in the fields of actuarial science, data science, computer science, economics, programming, mathematics, statistics, data analytics, or finance.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In July, the Milliman 100 PFI deficit hit a year-to-date high, swelling from $205 billion to $216 billion, the result of a decrease in the benchmark corporate bond interest rates used to value pension liabilities. The monthly discount rate during July dropped by eight basis points, to 3.37%, making it the third lowest discount rate in the 19-year history of the Milliman 100 Pension Funding Index, with discount rates lower only in July and August of 2016.

Press Release Milliman Medical Index: Healthcare costs reach $6,348 for the average American, $28,386 for hypothetical family of four New MMI interactive tool enables users to explore healthcare costs for different family compositions Seattle – July 25, 2019 – Milliman, Inc., a premier global consulting and actuarial f

Seattle—Milliman, a premier global consulting and actuarial firm, today announced that Jackie O’Connor, AIF® joins our Employee Benefits Administration sales and marketing team as a Regional Sales Manager for the Western territory.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced the results of its annual comprehensive study of universal life (UL) and indexed universal life (IUL) issues.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In June, these pensions experienced a $1 billion increase in funded status, as superior asset growth was able to offset rising pension liabilities due to a decrease in the benchmark corporate bond interest rates used to value those liabilities.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In May, these pensions experienced a $65 billion decrease in funded status, a precipitous drop that resulted from poor investment returns and a decrease in the benchmark corporate bond interest rates used to value pension liabilities. May saw a negative 0.74% investment return, resulting in a $15 billion decrease to the market value of assets for PFI plans. Discount rates also dropped in May, declining 24 basis points from 3.85% at the end of April to 3.61% as of May 31. Pension liabilities grew by $50 billion as a result. The funding ratio of the Milliman 100 PFI during May plummeted from 91.4% down to 87.9%.

Press Release FOR IMMEDIATE RELEASE Public pension assets rebound by 7.34% in Q1 2019, funding improves by $185 billion Milliman PPFI funded ratio jumps from 67.2% at the end of December to 71.0% as of March 31 SEATTLE – MAY 28, 2019 – Milliman, Inc., a premier global consulting and actuarial firm, today released the f

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In April, these pensions experienced a $29 billion increase in funded status thanks to healthy investment gains and an increase in the benchmark corporate bond interest rates used to value pension liabilities. The market value of assets rose by $13 billion thanks to April’s robust investment gain of 1.09%. Discount rates also climbed in April, increasing seven basis points from 3.78% at the end of March to 3.85% as of April 30. Pension liabilities dropped by $16 billion as a result. The funding ratio of the Milliman 100 PFI during April rose from 89.7% to 91.4%.

Seattle—Milliman, Inc., one of the premier global consulting and actuarial firms, today announced the appointment of Radhika Philip as Managing Director, People Strategy and HR Transformation, for the firm’s Global Higher Education (GHE) practice. She joins Gary Setterberg, Senior Managing Director – Global Higher Education as part of the multidisciplinary practice dedicated to providing employee benefit and human capital advisory and strategic consulting services to higher education and academic medical system clients.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2019 Corporate Pension Funding Study (PFS), which analyzes the 100 largest U.S. corporate pension plans. Employers in Milliman’s PFS continued last year’s trend of large pension contributions, adding $57.5 billion in funds to their pensions in 2018. This year saw three of the top ten largest contributions in the history of the PFS, from AT&T ($9.3 billion, second-largest in PFS history), General Electric ($6.8 billion, 4th largest), and Lockheed Martin Corporation ($5 billion). Employer contributions have totaled nearly $120 billion over the last two years, exceeding any two-year period in our study’s history. With that said, contribution levels are expected to decrease in fiscal year 2019.

Seattle—Milliman, Inc., one of the premier actuarial, consulting, and benefits administration firms, is pleased to announce that both the firm and two of its benefits administration clients have recently been recognized by PLANSPONSOR as part of their annual awards for excellence.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, announces the results of a first-of-its-kind, industry-wide study that examines insurers’ experience with combination products – those that couple life or annuity policies with Long-Term Care (LTC) or Chronic Illness (CI) riders.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In February, these pensions experienced a $20 billion increase in funded status thanks to healthy investment gains and an increase in the benchmark corporate bond interest rates used to value pension liabilities. The market value of assets rose by $15 billion as a result of February’s robust investment gain of 1.24%. Pension liabilities also fell to $1.648 trillion at the end of the month, the result of a two basis point increase in the monthly discount rate. The PFI deficit has dropped by $45 billion in the first two months of 2019. The funding ratio of the Milliman 100 PFI rose from 91.4% at the end of January to 92.6% as of February 28.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced that Milliman has enhanced its commitment to The Actuarial Foundation’s Math Motivators tutoring program with a three-year, $750,000 gift. The donation was made possible by the Milliman Giving Fund and was raised entirely through donations from employees and alumni.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the 2018 fourth quarter results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans. In 2018 Q4, these plans experienced a $306 billion loss in funding, largely due to a disappointing quarterly investment return of -6.39% in aggregate. This marks the largest quarterly funding decrease since the PPFI began in September 2016. Estimated investment returns for plans in Q4 ranged from a low of -10.27% to a high of -2.18%. As a result, the funding ratio of the Milliman PPFI dropped from 72.9% at the end of September to 67.2% as of December 31.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In January, these pensions experienced a $19 billion increase in funded status thanks to healthy investment gains. In fact, January’s asset return of 3.35% was greater than any prior monthly asset return in 2018. The funding ratio for the Milliman 100 PFI plans rose from 89.7% at the end of December to 91.0% as of January 31, and the funding status deficit narrowed from $167 billion to $148 billion during the same time period.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced that Stephen DiCenso, FCAS, MAAA, has been appointed as the country’s first Independent Expert (IE) following the passage of Oklahoma’s Insurance Business Transfer Act. Effective as of November 1, 2018, the Insurance Business Transfer Act is the broadest legislation of its kind to-date in the United States.

Paris—Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce that it has won two 2018-2019 InsuranceERM Awards for the firm’s insurtech offerings. Milliman Mind, a cloud-based platform which automatically converts Excel spreadsheets to more powerful models, was named “Best end-user computing risk management solution,” while Milliman CHESS (Cloud Hosted Economic Scenario Simulator), a cloud-based ESG web application, has won in the “Best ESG Software” category. Both insurtech products demonstrate the firm’s ability to solve important industry problems by pairing Milliman’s subject matter expertise with innovative thinking and solutions.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2018 Public Pension Funding Study (PPFS), which analyzes funding levels of the nation’s 100 largest public pension plans, including an independent assessment on the expected real return of each plan’s investments.