TRUSTMARK UPDATE Joe Pray, Trustmark Companies President & CEO.
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Transcript of TRUSTMARK UPDATE Joe Pray, Trustmark Companies President & CEO.
TRUSTMARK UPDATEJoe Pray, Trustmark Companies President & CEO
Happy Birthday, Trustmark!
Happy Birthday, Trustmark!
FINANCIAL UPDATE
945
1055
970 9821014
1124
0
200
400
600
800
1000
1200
1400
2008 2009 2010 2011 2012F 2013P
NA
IC R
BC
Ra
tio
1079
1171
1031 10541094
1203
Trustmark CompaniesNAIC RBC Ratio
Non-Insurance company excess cash
356378
356 357 352
381
0
50
100
150
200
250
300
350
400
450
500
2008 2009 2010 2011 2012F 2013P
BCA
R R
atio
408419
378 383 379
408
Trustmark CompaniesBCAR Ratio
Non-Insurance company excess cash
AM Best Rating: A- (Excellent)
• Affirmed January 9, 2013
• News release:
The rating affirmations reflect…favorable risk-adjusted capital, profitable operating results and the overall diversity of insurance offerings. Additionally, Trustmark continues to report strong premium growth and profitability in its core voluntary benefits segment, despite a challenging economic environment.
Trustmark Companies
50
55
60
65
70
75
80
85
600
700
800
900
1000
1100
1200
1300
2008 2009 2010 2011 2012F 2013P
Ga
in (
$ m
il)
Re
ve
nu
e (
$ m
il)
Trustmark CompaniesRevenue & Gain
600
700
800
900
1000
1100
1200
1300
2008 2009 2010 2011 2012F 2013P
Re
ven
ue
($ m
il)Trustmark Companies
Revenue
50
55
60
65
70
75
80
85
600
700
800
900
1000
1100
1200
1300
2008 2009 2010 2011 2012F 2013P
Ga
in ($
mil)
Trustmark CompaniesGain
$-
$5
$10
$15
$20
$25
$30
$35
$40
$45
$50
2010 2011 2012 2013 2014 2015 2016
CoreSource Voluntary HealthFitness
Strategic Technology Investments
Note: Represents total cash spent in period
($ In millions)
13
$0
$4
$8
$12
$16
$20
2011 2012 2013CoreSource Voluntary HealthFitness
Strategic Technology Investments
Note: Represents expense only (i.e. P/L impact) in period
($ In millions)
14
50
55
60
65
70
75
80
85
600
700
800
900
1000
1100
1200
1300
2008 2009 2010 2011 2012F 2013P
Ga
in (
$ m
il)
Trustmark CompaniesGain
Without strategic technology investment
-10%
0%
10%
20%
30%
40%
50%
2007 2008 2009 2010 2011 2012F 2013P
Pe
rce
nt o
f T
ota
l
Employer Medical
Closed Blocks
Trustmark CompaniesBusiness Share of Gain w/o Tech. Investment
-10%
0%
10%
20%
30%
40%
50%
2007 2008 2009 2010 2011 2012F 2013P
Pe
rce
nt o
f T
ota
l Voluntary
CoreSource
HFC
Trustmark CompaniesBusiness Share of Gain w/o Investment
MISSION & VALUES
Trustmark CompaniesMission & Values
Helping people increase well-being through better health and greater
financial security.
Personal, Flexible, Trusted
A framework for building a long-term vision and strategy
A “whole” perspective, not a strategy in itself – a continuation of our Renaissance
Keys to Success• Teamwork• Enterprise Value Creation• Capability-based Diversification• A vision for the next 100 years of success
The Enterprise
A framework for building a long-term vision and strategy
A “whole” perspective, not a strategy in itself – a continuation of our Renaissance
Keys to Success• Teamwork: Trustmark leaders and our producer partners working together to generate opportunities
with real, customer valued solutions• Enterprise Value Creation• Capability-based Diversification• A clear vision for the next 100 years of success
The Enterprise
A framework for building a long-term vision and strategy
A “whole” perspective, not a strategy in itself – a continuation of our Renaissance
Keys to Success• Teamwork• Enterprise Value Creation• Capability-based Diversification• A clear vision for the next 100 years of success
The Enterprise
A framework for building a long-term vision and strategy
A “whole” perspective, not a strategy in itself – a continuation of our Renaissance
Keys to Success• Teamwork• Enterprise Value Creation• Capability-based Diversification: Continue
investing in existing businesses, leverage & invest in opportunities between businesses, and identify new related businesses and capabilities
• A clear vision for the next 100 years of success
The Enterprise
A framework for building a long-term vision and strategy
A “whole” perspective, not a strategy in itself – a continuation of our Renaissance
Keys to Success• Teamwork• Enterprise Value Creation• Capability-based Diversification• A clear vision for the next 100 years of success
The Enterprise
Long-term commitment to voluntary benefits and You, existing long-term
partners & new relationships
Invest in/ramp up business growth
Deliver greater innovation via improved technology
Live our Mission & Values• Personal, Flexible & Trusted
Trustmark - The Next 100 Years
Happy Birthday Trustmark!
