History
[Exact] Date we announced acquisition by MYL
2/7/2025
Department led by Senior VP & CFO, Drew Love
Finance
System for recording payroll
Dayforce
Reason we care about Operating ("Op") Profit
Key metric on which performance is judged
LGA VP, General Counsel & Secretary
Bryan Newcombe
Meiji's external audit firm
KPMG
Copy and paste shortcuts
Ctrl-C; Ctrl-V
Country celebrating 250th anniversary!
USA!
Year Legal & General Retirement America formed to provide de-risking solutions
2015
Service-oriented dept with focus on creating a digistal processing envornment while being a cost-effective provider of network and application services to enhance and support LGA business operations
IT
System for reporting application incidents and service requests
IT Service Portal
Distinction between Op Profit v Investment Variance ("IV")
Op Profit measures the performance in the year presumed to be under management control
SVP and Chief Operations Officer
Michelle Buswell
Concept of separate preparers and reviewers
Segregation of duties
Formula that delivers and if/then type result
=IF
Prominent founding father who made his signature disproportionately large on the Declaration of Independence so King George III could read it without his glasses
John Hancock
Year Banner buys William Penn LIC of NY and William Penn America
1989
Department comprised of Actuarial Second Line Support, Compliance, Operational Risk Management, and Tech and Data Risk Management
Risk
Tool allowing us to break digital application records by decreasing average submit to paid cycle time and providing "instant decisions."
Horizon
Amortization of CS Margin means release of profit into Profit & Loss….Annualized CSM run-off rate (whole% range of #-#%)
8-9%
Longest tenured leader, beginning career with Gelico
Barbara Esau
Audit which received an elusive "Satsifactory" rating!!
What is the statutory financial reporting audit?
=Count v =CountA
First counts only values; second counts all cells with data
Original colonies that officially signed the Declaration of Independence
PA, NY, NJ, GA, MD, and VA
Year Gelico is acquired by L&G Group PLC
1981
Led by Fred Tavan, some functions of this dept are to design and implement competitive an profitable products, and to maximize value and mitigate risk taken for existing business.
Actuarial Pricing [& Underwriting]
Forum for requesting change. Aims to help senior management maintain project oversight in pursuit of LGA's strategic goals and takes technical feasibility into account.
FrontDoor
Insurance experience variances
Actuals =/expected
Party responsible for the day-to-day operations of the business, ensuring service excellence, continued distribution expansion and achievement of the digital transformation strategy.
CEO/Mark Holweger
Audit resulted in Yolanda and Elizabeth having the ability to be back up wire approvers
What is bank account audit? What is finding that there must be two distinct in portal wire approvers?
LGA can directly create forms using Microsoft forms. To easily create forms in Excel, which Ribbon function does one use?
What is Insert Forms?
Which city(ies) served as the first capital city of the new national government established under the US Constitution?
Philadelphia (1774-1800) (also before DC: Baltimore, Lancaster, York, Princeton, Annapolis, Trenton, and NYC)
Year six respected lawyers met in London and eventually formed what is now LGAS
1836
Provide support, service and assistance to all LGA sites in the achievement of our corporate objectives.
Corporate Services
Resource for obtaining brand guidelines and quick links
Brandfolder
Two biggest drivers of Op Profit
CSM/RA release; NDA expenses
Leader spent 23 years with Prudential, and served as AVP of Internal Audit at Penn Mutual LIC.
Amy Butler
Audit that found controls over data conversion and reconciliation, among other things, to be mostly designed appropriately, but some improvement needed to address gaps in the governance over User Acceptance Testing.
What is the Clearwater Investment Accounting Conversion audit?
Take that if/then further with a better formula for stacking multiple conditions
'=IFS; ex: =IFS(A2>90,"A", A2>=80, "B", A2>=70,"C)"
What is the offical name of the 250th anniversary of the USA?
the Semiquincentennnial (other answers: America250, Freedom250, Sestercentennial, Quarter Millennium, The Big Tw-Five-Oh)