Milliman Releases MG-ALFA(R) Version 7.2

Industry Leader Continues Rapid Development Pace

SEATTLE, January 12, 2011 - Milliman, Inc., the international firm of consultants and actuaries,
announced that it has released MG-ALFA(R) Version 7.2., the second major
update since delivery of Version 7.0 in July of last year. Major enhancements
since Version 7.0 include:

    - New Flexible Index Tables for Efficient Data Entry
    - New Projection Keys to Manage Multiple Assumption Sets
      Within a Single Model
    - Enhancements to Manage Multiple Scenario Sets Within a
      Single Model
    - Support for Single-Pass Calculation of Stochastic Reserves
      and Capital
    - Principle-Based Reserve (VM20) Net Premium Reserve Support
    - Barrie and Hibbert Scenario File Loader
    - Enhanced Joint Life and Multi-Insured Support
    - GMWB Support for EIA and EIUL
    - Enhanced Premium Solve Capabilities
    - Beta Support for Microsoft Azure(R)
    - Numerous User Interface Enhancements

This release reaffirms Milliman's commitment to the timely delivery of
content-rich releases. Van Beach, MG-ALFA Product Manager noted, "We are
excited about the broad enhancements that we have been able to deliver since
releasing Version 7.0. These represent the results of the new data model
underlying MG-ALFA and our new development paradigm. We have delivered both
expanded actuarial functionality and new system capabilities that are really
transformative and further enhance MG-ALFA as a production modeling
platform."

Many of the enhancements in the last six months are focused on meeting
the needs of client companies as they migrate toward the new financial
reporting requirements of PBA, Solvency II and IFRS. In 2011, development
will continue to focus on these key regulatory drivers, as Milliman positions
MG-ALFA as the superior actuarial projection solution globally.

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 54 offices in key locations worldwide. Milliman employs
over 2,500 people. 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

Brian S. Reid, FSA, MAAA, MG-ALFA Sales Director, +1-860-535-0573, brian.reid at milliman.com