News from Milliman

• Milliman Medical Index: Healthcare costs exceed $31,000 for hypothetical American family of four

  30 May 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the 2023 Milliman Medical Index (MMI), which measures healthcare costs for individuals and families receiving coverage from an employer-sponsored preferred provider plan (PPO).

• Milliman analysis: Competitive pension risk transfer costs in April hit seven-month low

  25 May 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• Milliman analysis: Public pension funded ratio ticks up to 74.8% at end of April, showing modest improvement

  18 May 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit pension plans.

• Milliman Retiree Health Cost Index: A healthy 65-year-old retiree needs to save between $90,000 and $203,000 for healthcare costs if they retire in 2023

  1 May 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released its 2023 Retiree Health Cost Index which projects the total premiums and out of pocket expenses a healthy 65-year-old can expect to spend on medical and prescription drug costs in retirement.

• Milliman analysis: Competitive pension risk transfer buyout rate drops by 40 basis points to 99.3% during March

  27 April 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• Milliman Pension Funding Study: Nearly half of largest 100 corporate pensions started FY 2023 fully funded

  20 April 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2023 Corporate Pension Funding Study (PFS), which analyzes data for the 100 U.S. public companies with the largest defined benefit (DB) pension plans.

• Milliman analysis: Public pension funded ratio rises to 74.5% at end of March thanks to modest market gains

  17 April 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans.

• Milliman analysis: Competitive pension risk transfer buyout rate climbs 40 basis points to 99.7% during February

  24 March 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• Milliman analysis: Public pension funded ratio drops to 73.6% at end of February amid continued market declines

  21 March 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans.

• Milliman analysis: Corporate pension funding ratio climbs to 111.6% as discount rates rise in February

  9 March 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

• Milliman analysis: Mortgage default risk remained flat at 2022 year-end; Mortgage originations at lowest levels since 2019

  8 March 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the fourth quarter (Q4) 2022 results of the Milliman Mortgage Default Index (MMDI), which shows the latest monthly estimate of the lifetime default risk of U.S.-backed mortgages.

• Milliman analysis: Public pension funded ratio fell to 72.6% at end of 2022, erasing two years of investment gains

  8 March 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its annual Public Pension Funding Study (PPFS), which explores the funded status of the nation’s 100 largest public defined benefit pension plans.

• Milliman analysis: Multiemployer pension plans funded at 79% overall at year-end 2022, down from 91% in 2021

  6 March 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the 2022 year-end results of its Multiemployer Pension Funding Study (MPFS), which analyzes the funded status of all multiemployer defined benefit pension plans in the United States.

• Milliman wins two prestigious InsuranceERM Awards for its transformational insurtech products

  1 March 2023

  Milliman Mind and Milliman Integrate recognized as “Actuarial Modeling Solution of the Year” and “Regulatory Reporting Software of the Year,” respectively .

• Milliman analysis: Competitive pension risk transfer buyout rate drops 90 basis points to 99.3% during January

  27 February 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• Milliman MedInsight ranked “Best in KLAS for Payer Quality Analytics” for the 5th year in a row

  10 February 2023

  Milliman MedInsight’s leading platform for data warehousing and healthcare analytics was recognized as the Best in Payer Quality Analytics in the 2023 Best in KLAS: Software and Services report.

• Milliman analysis: Corporate pension funding ratio drops to 109.3% as discount rates fall in January

  8 February 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

• Milliman hires Richard Payne to Life Insurance consulting team

  7 February 2023

  Milliman, a premier global consulting and actuarial firm, today announced the appointment of Richard Payne as Director & Consulting Actuary for Milliman’s Life practice in Asia, effective 13 February 2023.

• Milliman wins three benefits communication graphic design awards for national client campaigns

  31 January 2023

  Milliman, Inc., a premiere global consulting, actuarial, and benefits administration firm, today announced it has won a 2022 MarCom Platinum Award in Strategic Communications from the Association of Marketing and Communication Professionals and two 2022 Health+Wellness Design Awards from Graphic Design USA.

• Milliman analysis: Competitive pension risk transfer buyout rate drops 70 basis points to 100.3% during December

  26 January 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• Millennial Specialty Insurance, LLC chooses Milliman Bungalow as its private flood insurance pricing solution to close the flood protection gap

  19 January 2023

  Milliman, Inc. (“Milliman”), the premier global consulting and actuarial firm, today announced that Millennial Specialty Insurance, LLC (“MSI”), an indirect subsidiary of BRP Group, Inc. (NASDAQ: BRP), has chosen Milliman Bungalow (“Bungalow”) as its insurtech platform for a complete flood insurance rating solution.

• Milliman analysis: Public pension funded ratio dips to 72.8% as of December 31 due to market declines

  17 January 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans.

• Milliman analysis: Corporate pensions close 2022 at 110% funded

  9 January 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the year-end results of its Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.