SEATTLE, June 11 -- Milliman, Inc., the international firm of consultants and actuaries, announced today that it has released an update to the MG-ALFA financial projection software for AG 43 (VA-CARVM) support. The enhancements to the market leading software solution include:

Integrated Standard Scenario and Conditional Tail Expectation calculations
Projections that capture the impact of hedging and reflect hedge effectiveness
Aggregate Reserve calculation and allocation to individual contracts
Sample Projects demonstrating the AG 43 calculations

The AG 43 update expands prior enhancements that were developed to support the C3 Phase 2 Risk-Based Capital requirements for Variable Annuities. Both seriatim Standard Scenario and stochastic Conditional Tail Expectation requirements for AG 43 are included along with tools to manage the impact of hedging, compare seriatim and stochastic reserve levels and allocate any excess stochastic reserve back to the policies. This release also provides a demonstration of MG-ALFA's powerful integration capabilities with Excel, which will be further expanded in the next full release of the system. The AG 43 solution highlights MG-ALFA's unique ability to provide flexibility to accommodate diverse Variable Annuity product designs while maintaining a standard base that allows all MG-ALFA clients to benefit from updates.

"With this first principles-based reserve requirement becoming effective for year-end 2009, AG 43 is an area of focus for all Variable Annuity writers," said Pat Renzi, MG-ALFA product manager at Milliman Inc. "Milliman is excited to be able to provide our clients with an AG 43 solution that will help them meet this important challenge. Our clients view us as partners in addressing regulatory changes and the AG 43 update again demonstrates Milliman's long-term commitment to supporting our software clients."

MG-ALFA continues to lead the industry with a comprehensive array of stochastic capabilities to meet emerging regulatory and risk management requirements. The AG 43 update builds upon prior enhancements including Cluster Modeling, nested stochastic analysis, guaranteed minimum benefit profit solving, and Microsoft HPC 2008 integration. With the addition of enhanced security and control features that will become available with Version 7.0 due later this year, MG-ALFA will be unparalleled in its ability to provide a total package for principles-based regulations.

About MG-ALFA

MG-ALFA is financial projection software developed and supported by Milliman and used by leading life insurance and financial firms worldwide to perform financial projections. MG-ALFA supports a broad range of assets and liabilities and delivers functionality for the complete spectrum of actuarial modeling needs, from pricing and ALM projections to stochastic and nested stochastic analysis. MG-ALFA is uniquely positioned to meet emerging regulatory and accounting changes around the globe and offers multiple grid computing solutions to deliver the speed and capacity necessary to meet all requirements in a practical timeframe.

About Milliman

Milliman is among the world's largest independent actuarial and consulting firms. Founded in Seattle in 1947 as Milliman & Robertson, the company currently has 49 offices in key locations worldwide. Milliman employs over two thousand people, with a professional staff of more than a thousand qualified consultants and actuaries, including specialists ranging from clinicians to economists. The firm has consulting practices in healthcare, employee benefits, property & casualty insurance, life insurance and financial services. Milliman serves the full spectrum of business, financial, government, union, education and nonprofit organizations. For further information, visit www.milliman.com